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Re: whomarjb post# 759818

Thursday, 07/20/2023 1:28:28 PM

Thursday, July 20, 2023 1:28:28 PM

Post# of 796657
they would be better off, everyone here would be better off if they had more junior preferred

common have no value in a restructuring and a restructuring is actually necessary for treasury as they lay siege to the companies' ability to access third party capital

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