Submitted by splixrtrade t3_125sm1w in wallstreetbets
Before you buy FRC, read this.
FRC -> $25 Liquidation Preference ... first $8b of any sales go to Preferred Share Holders.
Comments
sad_cub t1_je5u11c wrote
Debt holders get paid first. Preferred SH get paid next. Common SH get paid last.
VisualMod t1_je5mo0a wrote
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KostasKatsakos t1_je5qt9d wrote
Can someone explain this to me simply
ApprehensiveWalrus26 t1_je5ral0 wrote
Sure, you’re never going to make it.
Middle_Name-Danger t1_je5rvjs wrote
FRC.PI is a better buy that FRC if you want to mitigate some of the risk of a distressed sale. Common shares may be made worthless if FRC is bought out, preferred shares have a priority claim on company equity.
KostasKatsakos t1_je5tqlq wrote
Thanks
L33n1xu5 t1_je701bl wrote
Maybe try another stock.
One_Alternative_6965 t1_je5munl wrote
Thats why this is pushed so hard. FRC = 🗑