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Absolutely! Agree.
I believe it's Vulcan. Better the mind control trick than going the pon-farr route Rick. Lol
Thanks navy. Some day they will learn...right now there's a hard way to or an easy way to. Depends on the individuals common sense
Spot on Rick. I always said they had a plan A & B worked out as far as they could foresee with SCOTUS involved. Cross our fingers now and hope they let a just ending to conservatorship prevail.
That's correct. I'm not selling anything. 76k and still holding. Looking for more but I want them cheaper since this situation is ever changing and too many variables.
That's a great idea and a time saver, thanks GAK
If in the SCOTUS ruling they say no direct claims then those who have them may only be left to pound sand. SCOTUS could very well distigush on their ruling since multiple cases and classes are involved. Just my honest view point
In my view...election was plenty incentive, although the election is going to be extended through legal challenges just like the Al Gore/Busch election and chads.
If the administration does not see a clear path to flipping the election then I am sure this will get done. They will be discussing soon on what to do with unfinished business because the courts will be in no hurry to do a rush job on a contentious election.
Something's gotta give!
Well, based on the article we know MC is guaranteed until June. It says scotus will not be rendering a final decision until then. But, if they make MC fireable at will, can Biden just flat out fire him for no reason? By then he will be neck deep in the release of the GSE's and Biden would be dumb to replace him after SCOTUS decides on Collins, and if consent decree happens along with other things like cancellation of the SPSA, NWS and warrants. Once certain things get undone and progressing, there's no going back, in the case of Biden, or there will be many more legal challenges.
Hoping they do this long before Jan 20 Rick. Like after Thanksgiving or just before so shareholders have a reason to be thankful.
The only gift Jps might get is their dividends turned on and that is IF #1 the seniors get canceled & #2 We attain enough capital threshold to allow the companies to pay it. The higher dividend pref's will be bought at 70-80% of par, possibly, to allow for an IPO of more cheaper dividend pref's. Then, possibly a public offering of commons after release IF the price is right and IF we have not hit needed capital to stave off a downturn at a minimum.
Jps puts too much self importance on their behalf. It is not the share class that will refloat this company in the future, and ultimately attract the most investment and money from retail and mutual funds, pensions. So, if the company BOD is wise and FHFA, they will not do anything that creates an abundance of commons law suits or negative common publicity if they are in fact needed to do a public offering.
Oh yeah it does! I hope it makes it into MC, SM and DT twitter accounts.
What if MC gets the 6 to 10 billion to cover covid losses? They've already specified, I belive, in their 10k for losses already attributed to it, so more to add to capital if congress loosens up the purse strings. But then....they would probably want MC to commit to dropping that fee. I don't know which would be better? I think 6-10 billion in hand right now would be.
Thank you Brooge, I was unsure of that basis number.
Also the (0.5, 0.25 ?) basis fee that will kick in in December if congress does not aquisition the 6-10 billion MC said was needed to cover the epidemic losses.
So he will use the GSE profits to pay for free housing for poor and minorities, and all the idiots that took out 100k plus college loans,,and possibly reparations. Maybe even a few more social engineering ideas....
Agree! Yes indeed....
Stay on 'em Rumple! Twisting, obscuring, wishing, flavor of the day windfall wishes. Call them out on all of it.
Im with you on all points. Something's big is going to happen short term.
I fully realize that! Bove is a hack. But the mosquito keeps using a quote from months back and falsely calling it facts. Just helping a special needs poster. Lol
Yes it is important to stick to CURRENT facts! Your buddy Boves latest does not say conversion, does not say cram down, does not say 110% of par, does not say bankruptcy, it says this:
Nice! And smart to boot.
JPS buying though....immediate release makes their wide awake dreams of conversion or reverse split a heck of a lot LESS LIKELY. They cut us lose, load us up and giddyup! No time to deal with whiners.
Agree, plenty of time.
100% on board with that.
All I can say is....I never underestimate government greed or stupidity.
If I were holding jps....I'd be worried. Derivative claims not going to help them unless enough capital materializes to turn dividends back on. If the specified cap level is hit that triggers that.
Thank you for clarifying RPS!
20-271 case number reference on top of that first page? Where it starts "Re"
Yeah, and if so close to SCOTUS, maybe/probably a low ball embarrassing offer.was the court case listed on that mediator paperwork? For sure it's Collins and not the jps Lamberth case?
Big thumbs up!
Looks like the next big short play is prefs.
That is funny stuff! Totally reminds me of my best friends dad many years ago. Always referred to us kids as mosquitos when we were being annoying, bad, bothersome, pains in the azz, idiots, etc
"jps converted mosquito"
There ya go! Old Bove talking out of both sides of his mouth. Again
JPS are suing who in Lamberths court for dividends? The conservator? The Government? Or the corporation? One and two fail because it is the corporations who establish not paying dividends, or paying dividends (senior prefs). You can not go after the government or conservator for your dividends. So the court is naturally going to side with the corporations since 1, they are in conservatorship and lack capital, 2, the shares are stated as being noncummulative which is a legally understood term.
We all know the government/conservator has puppet lackey's running the GSE's currently (BOD), but that is not the case being fought in Lamberths court. Lamberth will not deem government or conservator at fault because the corporations withheld dividends to preserve capital.
JPS better go with some other fiction, hallucination or conspiracy theory.
Here's the biggest flaw in the JPS plan to rape a windfall in conversion, back dividends or par+....the government does not like competition while it is in full fledged thievery of the GSE's. So the more JPS push for any imaginary plans the more less likely it will be, like cutting your own throat. JPS are headed for a reckoning with the government, and the government won't lose, why? Because the government does not like competition in taking GSE money or equity. (does that sink in yet?)
Back dividends will be tossed by Lamberth. The contract claims JPS constantly site do not take into account the most important fact that all pref holders should have known and read BEFORE they purchased. Noncummulative.
What Is Noncumulative?
The term "noncumulative" describes a type of preferred stock that does not pay stockholders any unpaid or omitted dividends. Preferred stock shares are issued with pre-established dividend rates, which may either be stated as a dollar amount or as a percentage of the par value. If the corporation chooses not to pay dividends in a given year, investors forfeit the right to claim any of the unpaid dividends in the future.
Wrong, jps could be wiped out and replaced with new lower divi jps and it would not hurt commons. As a matter of fact it would cause commons price to rise.
Lol. How's the conversion going? Also.
All this blather, yet not a peep from any one involved about anything, zero, zip, nada on jps. Its got to be getting tough for these guys to keep up this sham.
Naaaaaa, jps is gonna slow burn down as holders start to realize they will get no conversion for a long while. And cram down is a dream. They are trying to release the GSE's into stability. Doing anything for any shareholder group will destabilize, so good luck with the dream.
FYI red tsunami Nov 3 9pm
Im feeling a big, biggly big event coming right around November 3rd.
With markets trending down, it must be a Biden win that is being assumed.....but watch come election day! Boooooom Baaaaam. Trump da man! And then market jumps 1k+ in one day.