Wednesday, September 13, 2023 3:32:48 PM
1) Convert JPS at $1 per share adds 33 billion shares
2) Then convert warrants for 80% adds 139 billion shares
3) Cancel SPS
4) Sell 100 billion shares @ $1
Companies now have $245 billion in capital owned by,
1) Original shareholders – 0.66% of the new company
2) JPS – 12.04% of the new company
3) Treasury – 50,81% of the new company
4) New shareholders – 36.49% of the new company
A company earning $22 billion annually, with $250 billion in cash, at 22 times earnings is worth $400 billion. Value of holdings;
1) Original shareholders – $2.6 billion
2) JPS – $47.7 billion
3) Treasury – $200 billion
4) New shareholders – $144.5 billion
I believe this can be done without going to congress. Original shares would be worth about $1.44.
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