Friday, December 18, 2020 7:23:15 AM
JPS conversion is highly likely, if they want to meet the capital requirement asap. Total JPS is $32B (if I remember correctly) at face value. If they are converted, Commons will be diluted. The dilution will depend on the price of Commons at the time of conversion. Usually, they will take the average price of the past 10 trading days.
There is no use disclaiming JPS conversion. If there is no JPS conversion, they will need to have more SPOs to build the capital. For SPO, the price will be decided usually by similar rationale. So, they will result in similar dilution.
Ever since I hold both JPS and Commons, I am not too concerned about JPS conversion. Instead, I would like a major price hike for Commons before any conversion or SPO. So, it is better to uplist the GSEs to decide the market price.
If there are SPOs, I would request that FHFA to offer priority to existing shareholders just in case the offered price is too low.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM