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bradford86

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bradford86

Re: Ace Trader post# 776633

Sunday, 12/03/2023 11:38:55 AM

Sunday, December 03, 2023 11:38:55 AM

Post# of 796310
lol. you guys are crazy but yes

the only way to convert jps is with the consent of the jps.

jps have anti dilution protection, which is why they are not technically worthless and in fact technically worth face value in a recap and release whereas commons in theory only have value if the enterprises are worth more than the spspa

which... tough to say there.

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

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