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Post# of 864407
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YanksGhost

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YanksGhost

Re: kthomp19 post# 606302

Saturday, 04/25/2020 4:59:31 AM

Saturday, April 25, 2020 4:59:31 AM

Post# of 864407
Disagree on all points. No 80% threshold because shares get sold like in Maiden Lane. If you read my post correctly, Treasury sets a recovery total in dollars... say $50 B. The eventual SPO years later would be based on then-prevailing common share prices, not today's miserable <$2 floor which WOULD create a dilution nightmare.

Everyone wins.
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