AI
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| Alias Born | 03/02/2018 |
Friday, August 31, 2018 2:59:54 PM
I would be more concerned about the internal memo stating they plan to convert Sr. Preferred to Common along with the Warrants. That will be a true double-dip and would be devastating to existing Common shareholders equity. So they get the full loan back, plus 10%, plus 79.9% of the GSEs, plus another $100B in Sr. Preferreds that will convert to Commons? Ouch!
Forget about the 10% interest rate, focus on the real Common-killers.
Forget about the 10% interest rate, focus on the real Common-killers.
