Thursday, July 31, 2025 9:42:54 AM
I'm probably missing something here, but can someone explain to me why the option of the government just keeping the SPS or converting them and not exercising warrants doesn't seem to be an option discussed. I know it's unlikely that the government gives us any type of fair deal and lets the warrants go, but I'm just wondering why is that not one of the options being thrown around? I haven't run through the math, so I don't know the implications or if it would be better or worse than SPS writedown and warrants exercise, was just curious.
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