Sunday, June 04, 2023 2:25:04 PM
This calculates the Net Worth of the company is not enough to pay off the Treasury let alone pay the JPS and Common Shareholders.
And somehow the Treasury will gracefully take a so called haircut to preserve the JPS and wipeout the common??
Treasury sweeping all the Net Worth.
The prayer of relief is for the Treasury write down the LP, cancel the SPS. More than enough monies above the 10 percent calculation sent to the Treasury can do this minus the NWS.
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