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The actual stock would be sold later this year.
Only publicly traded stock would be marked to market.
"So your stock would be worth more than ever".
The new stock would be issued in exchange for preferred shares currently held by investors.
"The only reason to buy the stock would be a dramatic change," he said.
Specifically, 49.9percentt of the new common stock would be distributed to noteholders, the company said.
Wieser suggested that a fair price for the stock would be $30.
By now, Mr. Wendt said, he expected Conseco's stock would be climbing.
Virtually no publicly traded stock would be beyond the reach of a fund that small.
Another posting said that a stock would be the next "to gain 1,000 percent".
For example, a $2 stock would be worth $20 "very soon," he wrote.
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