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Re: MRJ25 post# 758128

Tuesday, 06/20/2023 10:48:55 PM

Tuesday, June 20, 2023 10:48:55 PM

Post# of 799701
to you maybe it doesn't make any sense, but if treasury's goal is to maximize their post restructuring equity stake, it does.

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