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Re: Donotunderstand post# 777535

Tuesday, 12/12/2023 10:30:49 AM

Tuesday, December 12, 2023 10:30:49 AM

Post# of 797111
The order of the restructuring is important.

The first thing that has to happen before anything else is to take care of the seniors. No one is investing a single penny until that is out of the way.

Result: Massive commons dilution; JPS remains intact.

Senior ~> common conversion has no effect on JPS.

Seniority:
- Seniors get paid first.
- What they get is 99.99% of the company.