The FACT IS JPS are extremely over valued today since they have zero chance of seeing any redemption @ par value or dividends for years to come. Their speculative rise based on direct lawsuit claims died with all the benefits of derrivative claims to benefit Common Owner's of the GSEs instantaneously upon award. Time is running out for a successful manual conversion from stale JPS debt contracts to Common $FNMA~ $FMCC~ Ownership as the pps margin's between them continue their narrowing trend.