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Re: real777mellon post# 783052

Sunday, 01/21/2024 9:55:38 PM

Sunday, January 21, 2024 9:55:38 PM

Post# of 800640
Spspa if monetized can be exceedingly dilutive for common interests. But my view is that going this route kind of wipes commons

The main thing for commons is if the government wants to spend the warrant money and values it over spspa money. Mnuchin seemed to think it was illegal to just write spspa to zero. That may have changed since they breached contract

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