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Post# of 795895
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Rodney5

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Rodney5

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Monday, 11/27/2023 2:44:01 PM

Monday, November 27, 2023 2:44:01 PM

Post# of 795895
Why would the Treasury convert its liquidation preference into common stock? What gives the cram-down pushers the assurance the Treasury will not demand payment in full on its liquidation preference and both common and JPS are wiped out. In essence the Treasury could own both companies.
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