Thank you again for explaining this! But sorry I have more questions!
I understand SP & JP conversion to common. Also current common shareholders being apart of the re-structure and you end up with a % of 100% of the company.
So the SP & JP end up with 99% of a $250b company. 79.9% for Gov 17.9% for JPS 2 % currant common
I'm Guessing !
So why wouldn't the new A/S be 250b based on the market value? Why wouldn't the Gov just make the A/S 10b ? or currant 4b? Then after the dust clears then both companies can issue new class of SP shares. But what stopping the Gov from doing this again?