Still have not heard any conversion plan....Very much doubt any conversion plan is coming out in any revised amendment, at least absolutely no one I've read is predicting that. So, when is it? If we are left to raise capital through retained earnings, doesn't that kind of throw conversion to the wind?
Kill the warrants, or sell back for what they paid, or maybe twice what they paid (inflation). Kill NWS and attach a fee/dividend to the seniors. Government either kills seniors at each capital goal achievement or if another downturn, converts some seniorss to commons to strengthen capital during a downturn (only). Otherwise seniors disapear as capital builds, so less fee/dividend is paid as capital builds and seniors are walked down. Easy peasy. But juniors will be juniors and like commons, no dividends until whatever capital goal is required. BUT...warrants going, commons rise, first cap goal is met, commons rise. As seniors are bled down, commons rise. The more capital, commons rise...but hey, sure you can buy Juniors and see what happens as far as par.
News 
Market Data 
Discover 
