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Re: trunkmonk post# 640792

Monday, 11/09/2020 7:24:10 PM

Monday, November 09, 2020 7:24:10 PM

Post# of 796360
The Market disagrees with your statement based on the way it's valuing Jr. Preferreds significantly higher (over 4.5:1) than Commons.

I imagine the Conversion Offer will come in around 8-10 Commons for each $25 JPS and 16-20 Commons for each $50 JPS.

Mongo says the good times are ahead, but mostly for Jr. Preferreds!


Bove:


Congressional Budget Office: