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RAIT Financial Trust Message Board

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  • ethison ethison Oct 14, 2008 10:37 PM Flag

    Create a new 12% Preferred...sell it privately at a bit of a discount

    Of course they can. It's voluntary. RAS would just be offering a slight premium to market and it's done all the time. The first ones to the door get out at $10 per share:-)

    I hope they do it. They can buy up the debt at a discount bit by bit, but the prefereds will are so thinly traded and spread out that the only way to do it would be to do a dutch auction.

    Now would be a great time.

3.11-0.08(-2.51%)Oct 26 4:02 PMEDT