I am one of those greedy preferred holders that tried to block my $50 preferred shares being acquired for $30. I'm sorry that I was so inconsiderate that I put my making more money ahead of your making more money.
Only truly charitable people like yourself should be the only ones with a say in transactions.
You really can't. They have the right to want the original consideration they were offered. And vote not to change the terms. Although I tend to agree with you, that when equity values plunged for the industry, they should have become more willing to deal.