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Tuesday, January 24, 2023 5:29:10 PM
Government would be wise to convert the snr pfds to common to own 99.9% of the new equity and monetize over ~$200b+ of value, not wise to leave $50b+ on the table so old legacy common shareholders can make money. Use some common sense.
Common sense is not that common.
After 14 years, I have no reason to believe the government will become kind and charitable.
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