Common Stock Is an Alternate Form of Currency

Until we vote in the affirmative, which I'm sure that this group will probably do because of the confidence in you, it doesn't exist. That's true. It's just like common stock in that respect. It is an alternate form of currency. If we issue $200 million worth of preferred, when we receive a business that's only worth $150 million, there's no question you're worse off than before. So are we incidentally? But we're all worse off. And that's true if we give cash that's worth more for a business than the business is worth. Now imagine hiring a manager who thinks that way and paying the money to behave like Judas at your very