I will bet some big coin the VDub trade was not very well known by their globalist masters.........headz gonna ROLL!!!
after blowing out all their "accredited investors" now they have a better system take customer deposits and roll the dice of course there is ( / will be ) no regulatory over sight. It's a capitalist system dammit.
I don't know where to look for the prices of the preferred shares and common shares of VW, but wouldn't the preferred shares trade higher than the common? If so, why would they be long the preferred and short the common? And how would this be a bet that they would converge, isn't it the opposite (betting the difference would widen)? Again, assuming that preferred is trading above common, which I don't know if thats true or not. I'm sure I'll be promptly told if my assumptions are incorrect...