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Re: LuLeVan post# 772680

Monday, 10/30/2023 8:42:47 AM

Monday, October 30, 2023 8:42:47 AM

Post# of 796333
If you look at the government’s balance sheet — and how it values the spspa and warrants— it exercises the warrants and then converts the spspa.

If it takes those two actions — the companies can go and raise equity capital via equity offerings

That is the theory — the spspa liq pref itself remains unchallenged in court.

Warrants will be exercised. Common lack dilution protection against SPSPA being converted.. Common thus have no security. Preferred will be made whole.