If cap requirements are fully satisfied and 2.5%… most of us will not mind waiting for a couple more years for full price appreciation to occur. Just look at the quarterly earnings and it will be no surprise that the market will figure out a few things real quick….
Eh. We’ll see. The preferred price is not predicting a victory. I think that preferred will win but it’s a 10x move to par.
The common is priced at 5x the fully diluted share count if SPS, JPS are converted and warrants are exercised. (10/12 cents is probably fair value if everything bad happens)
It would drive down prices. The government doesn’t seem to care about anything but extraction of actual cash.