Sunday, April 16, 2023 1:14:55 PM
We should know this year which way the 5th Circuit will rule on voiding the NWS and SPS Liquidation pref. It then is up to SCOTUS. Bhatti and Rop are still in play also.
If the NWS is voided, then common dilution will be the function of sequencing the exercise of the warrants and any consensual conversion of the JPS into CET1. Public common could be less that 20 pct but not the wipe out that is in some of the CBO scenarios.
Maybe reasonable posters should wait until the 5th Circuit rules before making bold predictions of a wipe out cram down? . Could happen but Collins seems like we have a 9/16 likelihood that the 5th will set aside the NWS and SPS Liquidation Pref.
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM
CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • CBDL • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM