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Re: navycmdr post# 736727

Friday, 10/21/2022 11:53:22 AM

Friday, October 21, 2022 11:53:22 AM

Post# of 799896
Isnt the Common Cramdown idea dead?
How can the cramdown without damages to common if the SPS was agreed upon based on arbitrary uninformed assumptions?
Future dilution seems to be the issue - public has rights to 20% of retained earnings going forward and will be diluted equally with UST?
JPS big payoff seems off the table but could negotiate for a conversion premium or will just stay in place ex Conservatorship if interest rates stay high?

Thoughts?