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Re: HappyAlways post# 760823

Monday, 07/31/2023 11:20:59 AM

Monday, July 31, 2023 11:20:59 AM

Post# of 797180
1. i do not have the financial wherewithal to file such a lawsuit and see it through.
2. the statute of limitations has expired
3. i see the commons as uninvestible because the spspa wipes them out --- *winces*
4. the companies are retaining earnings on path towards an equity restructuring, which i think takes shape imminently, and the jps i own are senior equity because they have anti-dilution protection --- so i am going to get paid out regardless of me having to file a lawsuit
5. that leaves an impossible uphill battle to save common shareholders--- and no real economic reason to pursue it in a world where the courts basically bend over backwards to rule in favor of the government.

no can do.

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