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Don't worry! Lots of us got big dry $$$$ powder to buy up so jps are stuck holding jps Lol
Wrong....
Dam. I try and try but I get no respect!
Changing my moniker to commons Rodney
I got about 30-40k for when that happens.
I resent that...;-( I thought I was? Lol
Not weak anymore!
Kavanaugh, Grousuch (sp?) And now ACB!
I say we bribe him with a fast food gift card to the chicken sandwich place of his choice and a life time subscription to national geographic. Maybe throw in a couple of pet sea cucumbers and an aquarium??? Sweeten the deal.
Pref's talking about getting back dividends is incorrect. Pref shares are non cumulative which means anytime the dividend is suspended for any reason, it will not be paid back. Not necessarily true for common shares. No such contract legal verbiage restricts common shares.
What gives? FNMAS down. I thought everyone was supposed to be tripping over each other to own?. Why not at par?
That's what I am saying. The old addage: if you throw enough money at the problem, the problem goes away. Give the jps their 75-80% par and then say Akmans 23 to 47 share price ($35), BOOM everyone says deal. Re ipo later with new commons and pref's for bigger money.
The real problem here is not trying to figure out how to pacify and settle with all the shareholders. Its government trying to figure out how to maximize it's theft with outstanding warrants and other crap. That's why I'm convinced they won't ever go with a settlement, because if there are new shareholders, there will be new demands and dirty grubby hands will be demanded to let go of purse strings, which a guy like SM loves oh so much and MC the control freak likes playing boss man. Big move up from his scholastic circle jerk groupie papers.
Fool can't make up his/her mind whether they currently own commons or pref's or wants to own commons or pref's in the future. Its known as being.....
Neurotic means you're afflicted by neurosis, a word that has been in use since the 1700s to describe mental, emotional, or physical reactions that are drastic and irrational. At its root, a neurotic behavior is an automatic, unconscious effort to manage deep anxiety.
I doubt most currentvshareholders would settle for $10/share when government stole 79.9%. Now, $20 to $30 range I would say very few to none would press on in the courts.
If you're gonna pay me for 13 years of your cluster-fuc, then pay me what is fair for my time and grief. Otherwise, have at it SCOTUS, spank'em hard!
Ya gotta get 4 years in minimum in a higher government position to get those juicy taxpayer funded endless benefits for life.
This release will be an ever changing and ever evolving event while so many parts are still unsettled and in play. You can bet Trump/SM/MC have a plan A & B at this point due to election and SCOTUS, but both are partial plans because of the unknown election results and SCOTUS decisions. Even house or Senate getting flipped can affect an unforeseen outcome.
Jps and shareholders have no priority to be dealt with from what is being said and not said, but the fact of the matter is, any claims won by the companies (non direct, derivative) and any actions flowing towards uplist and release will definitely have more positive results on common share class. JMHO.
This is a very real scenario that jps give little credence to. If release or release consent decree and at some juncture they reinstate shareholder rights, that will be proof positive that jps will be left to wait for a dividend and nothing else for a while. They have stated multiple capital raises, so I highly doubt jps are converted until further down the road when the share price has realized some of its huge potential. No way doing a conversion now makes a whip of sense. Its giving away fire sale shares....for what? Because they say so? Lol lol lmao
Did this link get sticky'd? If not, please sticky.
Let's see....cats, inmates, paid 0.20 cents. Hmmmm
Is he implying we will be paid more if we are nicer to him?
Cats=MC
Inmates=shareholders
0.20=our next pop in the stock prices?
Lol
Nice move! Good luck.
Pretty much wrong.
We've been operating 12+ years with very little capital and only the government backstop. We can continue like this while raising capital for the next 4 years. No dividends for anyone until whatever milestones are reached. Jps got a long wait. I think Yank was too generous saying JPS would get par in a settlement. I say 75% max since most jumped in only to be vultures if they were liquidated. So JPS has never been part of the saving and recapping of the GSE's so why should they benefit anymore than what is affordable?
Decisions can be made between Nov 3 right up to Jan 20 when the official transfer of power happens. Those decisions probably won't be liked or looked at as legitimate if the incumbent does not win, but oh well, it's how things go.
Call it: how to go to hell in a handbasket in 3 months.
Good points chess!
Some folks on here really do not understand the gravity of the situation with the courts the government and the GSE's. This is being watched by many in the business world, bank on that. They are all watching to see how this ends up. So government and SCOTUS better have their shyt together on the solution and outcome or business will not go on as usual in the good old USA.
Thank you for pointing out the obvious.
Yep, as I said, scorched earth move if Biden gets in. But I highly doubt we as a nation are stupid enough to vote Biden in.
His last statement specified significant appreciation in the companies shares. Hmmmm
Great idea!
Who on here has not known the government committed fraud from day one of this fiasco nationalization?
People still talking about commons being wiped out are wishful thinking. As the article states, commons and pref's were kept viable all these years so government could keep their sovereign credit rating. So we not only bankrolled the come back, and this current virus mess, but uncle Sam's rear also.
So what do you 20.1 percenters deserve?
Big time FALSE! No one knows anything for sure. Oh great Oz. Lol
You are not wrong about ROLG slanting his comments towards JPS. Just caught that reading that last Howard, ROLG thread. He used to be balanced. As I said months ago, the closer the resolution gets the more BS posts, news, misinformation, etc and the more posters will show their "true" colors.
Really stupid if there are actual multiple ID posters here though. You gotta be real desperate and insecure to do that.
There ya go! Excellent point and facts.
Best comment I've read today.
Thanks for that thread link Guido.
ROLG is really a good read. No BS.
Thanks for that info!
Better write up than most financial places have done in a long time.
Forget this little tidbit at your own risk...
There are some here who are not taking into consideration that SCOTUS most definitely will be looking at those un-redacted presidential privelege docs yet to be released.
Keep fooling yourself that the SCOTUS Judges will not be motivated or influenced by these in how they decide.
Nice! Call a spade, a spade.
Great analytical logic Mrfence!
Thats the truth! He's about as much value as my crazy 8 ball or my horoscope. Lmao
Bove's predictions are correct 54% of the time based on a analyst handicapping site. So if I sat flipping a quarter and made decisions on giving analytical advice, I would be as good as him. Enough said!
Does anyone else think that the direction we head is very dependent on the "remove for cause" issue in front of SCOTUS? I think it will be the major issue since it will come after the election and can potentially give Biden his answer on replacing MC. If changed and Biden wins, he will immediately fire MC in January, so a fast consent decree and other things will need to happen quickly before change of office.
If Changed and Trump wins we keep heading in their planned direction and follow whatever is put in place between now and Dec 9. There are probably not too many similarities between plan A and plan B, so maybe not much is going to be done until the Dec 9th decision kick starts one plan or the other.
I see two pretty different paths dependent on how SCOTUS rules on the for cause issue. I will bet money there is a plan A and a plan B, maybe not so similar. The plan where if Biden wins and takes office could be a fast scorched earth plan, while the plan if Trump wins could very well be a slower, longer term plan.
Thoughts?
Amen to that Golf.
ER
Excruciating Repetition.....up a penny, down a penny, repeat.