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Wednesday, June 30, 2021 1:32:11 AM
Therefore, it would be prudent to determine the Enterprise Value of the company now.....so as to see where the waterfall takes us.
It's going to take a 9-10X multiple to get the junior preferreds in the money, imo.
And at make whole for the junior preferreds (face, not face plus interest because it ain't gonna happen) 79.9% will go to the government.
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