Why are you even entertaining posts like this. The nonsense will continue. Just post the results. No need to attempt to reason with the unreasonable. Not everyone understands the incentives of restructuring. Jps get par if commons are worth anything at all. The only way to zero out commons is receivership. This is not a receivership scenario. But it is diluting scenario. Just a matter of how much dilution. I believe my base case is so much dilution that the common shareholders of this board are disappointed.
Thanks for the color about the selling of the JPS - I am assuming you actually know that a large holder is liquidating. I hope that is the case because one would think that there is enough potential positive news to at least support the JPS price.
Regarding the JB Admin - it would seem that anything is possible - who would have imagined the NWS and the SPS Liquidation Pref in 2012 - I know I was totally in disbelief and thought that there was no way a Federal Court would uphold such a egregious USG action.
Regarding motivations - it is not just about the money - if that was the case I would have been gone in 2008 - it is about what is right and what is fair. I bought FNMAT at $ 25 in May of 2008 and I want to be treated fairly and will continue to advocate that every investor is treated fairly. FYI - I have very few common because I have been holding primarily JPS since 2008.
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