Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Why would I and everyone else holding JPS $25’s and $50’s cash in for common stock worth $3 to $5 ???

As per written contracts between the companies and JPS holders park is par! The companies can NOT convert to anything less in a Chapter 11 or bankruptcy! We get Par !!!!!

No sir, you don't get par in a bankruptcy unless the senior's liquidation preference is made whole.

Common isn't worth 3 to 5 cents if Treasury converts the Seniors....and they will.

Respectfully, your knowledge of re-orgs is....nonexistent. Have a nice day.