again, these shares were added at levels 1/3 of current levels. I am a big NCT fan, but not through the common end. Preferreds were my infatuation at 2.50, at 7.00, I think they are dead money for 6 months but ultimately an investment that will net full par plus loanshark-type dividend yields for current investors. I made a case for how common and preferred have the same upside, with preferred being safer.Preferred-20 cents of par-ex accrued divvies, common- 20 cents of book, as defaults erode book, they do not affect preferred par until chewing through common end of book first, thats my view, someone tell me otherwise. thanks.