InvestorsHub Logo
Followers 270
Posts 8037
Boards Moderated 0
Alias Born 02/14/2009

Re: navycmdr post# 764351

Sunday, 08/20/2023 3:06:44 PM

Sunday, August 20, 2023 3:06:44 PM

Post# of 797170
your shares lack security in a spspa conversion restructuring, which will be what happens absent a legal ruling that would be unprecedented in causing a spspa putback/writedown.

jps, however, would get made whole in every outcome

that's the differrence.

yes i've been wrong about time so far, but i am not wrong about jps being made better off.. that i am certain of eventually. roi from here is solid

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