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Re: Robert from yahoo bd post# 758734

Sunday, 07/02/2023 1:40:19 AM

Sunday, July 02, 2023 1:40:19 AM

Post# of 796810
As a preferred shareholder i dont mind. The only way to disenfranchise my shares is receivership. Outside of receivership any restructuring that exits conservatorship and returns to the companies being owned by stockholders makes jps whole.

Not worried about the nws / liq pref. That only destroys commons

And yes fhfa is preparing them to exit their conservatorships — very valuable

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