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kthomp19

05/26/20 7:16 PM

#611748 RE: Brooge warrants cancelled #611745

Make sure to take note of the fact that Michael Kao, whose answers to some questions appear in the article, had this to say:

I've always felt that the common was untouchable.

JosephS

05/26/20 7:45 PM

#611755 RE: Brooge warrants cancelled #611745

Why would he only read what you send and then "decide for himself?"

Doesn't he always likely "decide for himself"?

I suggest that you do as much due diligence as possible to understand what is happening. But, maybe dd is overrated....

Guido2

05/26/20 7:59 PM

#611764 RE: Brooge warrants cancelled #611745

He posted the attached after Treasury came out with it's plan.

https://kaoboymusings.com/example-post/

Guido2

05/26/20 8:09 PM

#611769 RE: Brooge warrants cancelled #611745

He agrees with Kunal Shah that Treasury should write down liquidation preference to zero and credit the overpayments.