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Re: The Man With No Name post# 790568

Saturday, 03/30/2024 9:17:13 PM

Saturday, March 30, 2024 9:17:13 PM

Post# of 797221
With 5 years of retained earnings— i think not. Calabria had an ipo planned for 2021. Three more years of retained earnings since then. In my view commons have no security but there is no structural way to undermine JPS without undermining the mortgage mkt via receivership. Commons are aligned however with the politics of spending whatever warrant money there is. I would not own them. But good luck to those that do. I think they are crazy.

Your proposal is akin to trading a sure thing for a wild gamble.

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