The government can crush the jps as the see fit. Will they, yes. Because if they don't then they'll allow all the hedgefunds to be enriched from a smart investment and because they can.
What will it look like?
Again, if the government consents to crush shareholders they'll crush all shareholders because they can.
I've read many say... blah blah blah... jps have a contract... can't violate that have to adhere to the contract... well, the government ... can do and will do whatever it wants; without regard to this contract. Why because they can and have done so in the past... remember the Senior Debt holders of the car companies, that had a "security" intterest get nothing??? And they give the unions a %'s of the company?? Yep, contract ... contract didn't mean a thing.
So, how can governement do this... anyway they want... becuase the judges have already said they ascended to ALL the rights of the shareholders... all being all.. so, yep, they can redeem the shares at say 1/1000 of face as one example or convert $50 pref to 0.67 common share... again... they can do it...
All they have to do is propose it and agree to it on behalf of all the jps shareholders... and there is nothing anyone can do about it.... sorry JPshareholders... your "contract" isn't worth ... shinola...
The best hope you all have... is to bond with commons to get the gse's out of this mess and release them without the warrants and sps paid in full at a minimum.
