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Re: MRJ25 post# 755476

Saturday, 05/20/2023 11:53:28 PM

Saturday, May 20, 2023 11:53:28 PM

Post# of 802391
If you own commons and you don’t understand how spspa conversion destroys any chance of having potential upside — you really should not own commons. You should only own commons if you understand this risk and its likelihood and are willing to abandon reason in favor of believing in commons getting a windfall and a return of fairness when dealing retroactively with the government (because the indians got their land back)

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