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Emmis Communications Corp. Message Board

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  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Mar 22, 2012 11:22 AM Flag

    preferred SOL

     

    Indeed, the preferred has no chance in a legal battle--just my "lay" opinion. (I do not practice securities law.) The aggregate value of the preferred not controlled by Emmis is bounded above by whatever Emmis thinks it might be worth paying to avoid a legal battle that it would likely win, and that isn't much.

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