Bet berko is "unwinding" his position because he knows he doesn't have a leg to stand on.
Sentiment: Strong Sell
Now that he knows, he is converting them to common for greater return.
I unwound my position @ 6.10....if it had a leg it would be a risk....it has no legs after this am with crapo.....what do call that.......a loser!
how do you know that the bill will be passed ? The House will not even pass it. What to do with all the common shareholders to wipe them out ? how about those that bought in the 20s and still sitting with huge losses ?