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发表于 2-5-2009 21:21:53|来自:新加坡
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Our Stock and Credit Spreads
• Our stock price is not an indication of our financial strength.
o Our pro forma tangible common book value would be $3.82/share assuming maximum preferred
conversion.
o The pending conversion is creating a large technical short in our stock that should be lifted once the
conversion is completed.
• We believe our credit spreads are disconnected from our condition and are inconsistent with the
government’s announcements regarding support for the financial system. |
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