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Penn Virginia Corporation Message Board

  • stuartcreekfarms stuartcreekfarms Oct 9, 2012 10:28 AM Flag

    PVA sold us down the river

    Any common shareholder with any investing experience will tell you that a convertible preferred is the most damaging kind of financing to common shareholders.
    I thought PVA was smarter than that -- and had our interests at heart.
    The company had been making a lot of good moves and seemed to be managing its liquidity issues.
    As someone who has posted positively on PVA, I am extremely disappointed in the decision of management to do this type of financing package.
    It will be a long time before PVA ever regains the trust of its common shareholders.
    The underwriters must love this deal.
    Where is any explanation from PVA regarding how this will benefit the company (and us)?

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