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Post# of 867074
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bradford86

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bradford86

Re: nagoya1 post# 752828

Sunday, 04/16/2023 9:25:24 AM

Sunday, April 16, 2023 9:25:24 AM

Post# of 867074
If gse prefs are worthless to common then common would have to get returns wildly exceeding the 20x preferred get if common are worth a single penny. Common would have to go to $100 plus or x200 here.

You would need to unwind the entire conservatorship. Good luck with that. I would put odds close to 0% especially with admin solution inbound

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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