Monday, October 07, 2019 12:17:41 PM
My question
Why do preferred have to convert to common as part of settlement? Tia
My opinion...
Stopping NWS and paying out par or slightly above par is probably going to happen.
Wouldn't new lawsuits come in saying gov't gave mob style deal to hedge funds/pref as part of the settlement(i.e. 6 common shares for 1 pref)?
It's like winning the lottery 2x.
IMO not going to happen.
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