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Re: Freddie bagholder post# 746940

Wednesday, 02/01/2023 2:52:35 PM

Wednesday, February 01, 2023 2:52:35 PM

Post# of 796623
That is not my understanding— my understanding is that it is all going to happen at once. Not piecemeal as you suggest.

Warrants will be exercised and I expect the SPSPA to convert to common. Common thus have no security. Preferred will be made whole.