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bradford86

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bradford86

Re: FOFreddie post# 746994

Wednesday, 02/01/2023 11:52:35 PM

Wednesday, February 01, 2023 11:52:35 PM

Post# of 869609
Tim Howard does not seem to want to convert the spspa to common even though there is no legal basis for the government taking a loss on its spspa liquidation preference by writing it down he continues to advocate for this inferior deal for taxpayers

He was a good cfo

But he would never cut it in investment banking. Just my opinion. I respect the guy

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

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