Einhorn should sell his 1.3 Million shares, No Preferred !!!!
AAPL should give him $470 for his shares and go bark another tree. AAPL is a growth stock and I will not vote my shares for a preferred. AAPL board should approve stock buyback increase and remove buying restrictions so that they can buyback shares when these jerks manipulate the shares. Einhorn should go an buy Bekrshire or PG&E if he is looking for income.
Of course New York Einhorn could sell his shares for $470. But why should he when he believes they are worth up to twice that? He would just sell them if the price was high enough. He wants Apple Board to change part of Apple's financial structure to better use its excess capital. He made clear he likes Apple as an investment and a business. He's not seeking to sell his shares, just wants a bigger return on investment recognized by the market , based on changes in Apple's capital structure.