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Re: JosephS post# 628434

Monday, 08/24/2020 12:42:44 PM

Monday, August 24, 2020 12:42:44 PM

Post# of 799134
You do realize Dick Bove amended his JPS view after speaking to colleagues at JPM and MS. He got the inside scoop that JPM and MS will not be offering any conversion... see below

Bove ... doesn't expect the junior preferred shares to be converted into common shares or full payment of par value on preferreds
...
They will also want to see value created for common shareholders.
.