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bradford86

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bradford86

Re: Freddie bagholder post# 748107

Saturday, 02/11/2023 10:35:39 AM

Saturday, February 11, 2023 10:35:39 AM

Post# of 802381
remind me where each dollar of retained capital accrues? does it accrue to common shareholders?

darn, it doesn't. so why are you acting like it does?

the only way commons have any value is to reverse the net worth sweep. by my count there is only one legal claim left standing, appropriations --- that fights the net worth sweep.

your last line of defense --- and that assumes that whomever is backing that litigation will insist on spspa writedown...

or if the investment bankers think spspa writedown helps with government's equity stake valuation.

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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