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Re: navycmdr post# 757967

Sunday, 06/18/2023 10:32:39 PM

Sunday, June 18, 2023 10:32:39 PM

Post# of 798199
the amount of capital they are retaining is good and pro exit from conservatorship, but you seem to willingly ignore the spspa liq preference that stands ahead of you in this restructuring.

if you don't want to understand, that's your own call.

you see, just because companies have money and you have common shares in those companies does not mean that any of it is yours if there are claims ahead of yours that are underwater ahead of a restructuring.

sir -- i'm trying to help you sir.

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