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Wednesday, May 29, 2024 10:35:04 AM
There is nothing charitable about a write down.
Of course there is....but let's be clear. You and numerous other hopefuls want a write off....yet term it a 'write down'.
The SPS will take a hair cut and I believe the JPS will take one as well. This has to be done for a release any time soon.
The amount of hair cut(s) will be tied to the newco enterprise value as determined by the market/new money.
The 3 groups above have no incentive to carve out a windfall for legacy commons.
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