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Re: Stern is Bald post# 784605

Wednesday, 01/31/2024 12:57:07 PM

Wednesday, January 31, 2024 12:57:07 PM

Post# of 821019

"the announcement will be after hours and and you’ll be locked out… "



Being locked out (= holding no commons when the announcement hits) might actually be an advantage. Because the announcement of recap/release - which I agree will certainly come after hours - could send commons down to below 10 cents if FHFA and Treasury decide to get rid of the SPS through an SPS-to-common conversion. No one here can rule that out, and according to KThomp, the probability is as high as 75%.