Remove the takings of the government from that equation and instead of diluting common holders and JPS stock into the ground it becomes reasonable and the gov gets to keep the extra 60 Billion they'd stolen.
But to give them another 125Billion on top of the current 60+ Billion would be theft. And will spur more lawsuits as the takings claim will be ripe.
A greedy government is not a good government. Greed is never good when the government feeds. They tend to over do it and ruin the meal.