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Re: CatBirdSeat post# 507395

Friday, 02/22/2019 2:49:44 PM

Friday, February 22, 2019 2:49:44 PM

Post# of 801137
Why are JPS listed as Equity on the balance sheet? You keep referring to them as Junk Debt. I don't think you know what that means.

JPS are actually Sr. Equity, with Commons being Jr. Equity. If Sr. Equity is Junk, I don't want to know what Jr. Equity is. Dirt? Worse than Dirt?