I understand the frustration, waiting and disappointment we are all are going through. I am overwhelming a 50s Fre jps holder. I have 1000 shares each of fnf commons at .83ish which is minor. They were bought recently.
I agree with the JPS analysis from this board for most. Its safer and more importantly for me.....the jps are above the warrants priority wise.
But..I do understand the common holders' plight. A few are my buddies in war with me with another investment.
My post on the commons is to simply point out that the commons are not dead. Do I recommend buying commons when fmcci is at 3.65 ask with a 50 RV? No. That is over a 10 bagger+ on an issue that is likely to get paid and most importantly above the warrants.
I am just giving the common holders some support. Its not over until its over. And we should not be killing ourselves with this commons vs. Preferreds battle. Whats the point? We are all on the same boat.
If we win any lawsuits, commons will run alongside jps. Good luck.