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Wednesday, June 09, 2021 7:34:06 PM
It would probably be best for the Treasury to exercise the Warrants prior to the capital raise. But I'm sure the GSEs will be able to raise capital regardless
Nope, that's incorrect. This is directly from the newest Collins' SCOTUS filing:
Many of our friends realize the Jr. Preferreds will become Commons via a generous Conversion assuming Commons are going to have future value.
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