Friday, November 17, 2023 3:52:30 AM
There are certain people that are encouraging theft, these people want the Treasury Department to wiped out the Common Shareholders, referred to as Legacy Common Shareholders.
I think a heavy dilution of commons is most likely coming, but I'm not advocating it (and no one listens to me anyway). And I certainly do not encourage it. It's just the most likely outcome. Since I hold JPS, I would prefer that - upon recap/release - only the warrants are exercised and the SPS are written off. This "TH scenario" would minimize the chance of a haircut on JPS, so it's in my best interest. Unfortunately, the odds of that happening are only 25%, while the odds of a SPS-to-common-conversion are 75%.
It's an insinuation of yours that those who write that a heavy dilution is most likely coming are advocating it and "encourage theft".
You also grossly overestimate the impact of iHub posters; they can only marginally influence events in Washington - if at all. We are much less important than many here think.
Recent FNMA News
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- Fannie Mae Releases February 2026 Monthly Summary • PR Newswire (US) • 03/26/2026 08:05:00 PM
- Fannie Mae Announces Results of Tender Offer for Any and All of Certain CAS Notes • PR Newswire (US) • 03/02/2026 02:00:00 PM
- Fannie Mae Releases January 2026 Monthly Summary • PR Newswire (US) • 02/26/2026 09:05:00 PM
- Fannie Mae Announces Tender Offer for Any and All of Certain CAS Notes • PR Newswire (US) • 02/23/2026 02:00:00 PM
