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Re: Raging Bitterman post# 756262

Tuesday, 05/30/2023 10:40:54 AM

Tuesday, May 30, 2023 10:40:54 AM

Post# of 869370
Not really. It isnt jps va common fighting. It is kind hearted capital structure aware folks trying to help out people who understand the wrong that has occured here but seem unable to fully appreciate the ever increasing spspa liquidation preference and the weight it carries and weighs heading into an eventual restructuring and how many common shares it will convert into and what that means for people who are unfamiliar with how to value equities based on share counts and earnings multiples.

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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