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Post# of 796681
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derekjeter

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derekjeter

Re: Wesdawg post# 150199

Thursday, 11/14/2013 6:54:34 PM

Thursday, November 14, 2013 6:54:34 PM

Post# of 796681
Forget charts. Read the proposal. (1) His proposal states that Existing shareholders would get 20.1% of all profits based on the legacy business and then govt would get the 79.9%. His arbitrary cut off date is 7/1/2014. (2) The preferreds would get converted into common shares of the "newco" which is the existing FnF mortgage insurance business.
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