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Sunday, February 16, 2020 5:58:55 PM
Your analysis is spot on.
JPS will get par value based upon dividend yield .. so may actually trade higher than par, won't be converted and could be "redeemed" or repurchased in the market.
The upside for JPS is limited.
The upside for Common is unlimited - not infinite but could be a multiple of 40-50x current price. (Price...not value)"
jeddiemack,
Thanks, Appreciate your validation.
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