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Re: FOFreddie post# 753496

Monday, 04/24/2023 12:48:17 AM

Monday, April 24, 2023 12:48:17 AM

Post# of 801119
At least you have a path forward that compiles using logic and reasoning. Good on you for making it that far and having a working thesis. Good luck with this. I like to think that I am conservative by not having to worrry about that angle since the jps cant be diluted and their rights and place in the capital structure persists as long as they stay out of receivership, which they should as they have more money than ever in history and their earnings are 2x what they were since the government jacked up gfees.

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