Sorry familymang - you can have your opinion but you dont know how the separation of powers cases will turn out. I think you are giving the success of these cases a 1 pct chance and that seems to be market consensus for a 44 cent stock. Lets see how the separation of powers cases turn out - it is clear you dont think they will.
There is no conflict of interests between JPS-Common stocks. In order for a JPS to succeed (fetch the par value again), necessarily the common stock has to succeed in the first place, because the JPS valuation reflects the time period to resume the dividend payments again, at an annual 6% discount rate to par value, and that's achieved not only when FnF become Adequately Capitalized again, but also FnF have to meet at least 25% of their Prescribed Capital Buffers. Therefore, FnF need to record the Common Equity in full as starting point to that end. Definition of Common Equity: Common stock par value + Additional Paid-in Capital + Retained Earnings account + Accumulated Other Comprehensive Income (AOCI) - With some minor adjustments to this Common Equity figure, it's assessed the capital metric CET1 that has to meet the required CET1 level. - Adding the Additional Tier 1 Capital (JPSs), it's the capital metric TIER 1 Capital. Statutory: - Removing the Accumualted Other Comprehensive Income (AOCI) from the Common Equity and adding up the JPS, it's assessed the capital metric Core Capital that has to meet the Minimum Leverage Capital requirement, for the Undercapitalized threshold. - Adding the Allowance for Loan Losses (considered TIER 2 capital) to the Core Capital, it's assessed the Total Capital that has to meet the Risk-Based Capital requirement, for the Adequately Capitalized threshold. Then, meet 25% of the Prescribed Capital Buffers (Table 8: Payouts) for the resumption of the dividend payments and it's not until then, when the JPS's fair value fetches its par value. What we are witnessing with the corrupt litigants, is a shameful attempt to negotiate with the Government a better deal for the JPS holders (swap P-C, back dividends under the guise of constitutional damages,...), by covering up the law and by not challenging the 10% dividend, the Warrant and today's SPS increased for free every quarter (a NWS 2.0) It turns out that the cover-up of the law is a crime of Making False Statements and a conspiracy to defraud the FnF shareholders, in favor of the JPS holders. Very different from your "the JPS holders funding these cases won't stand up for common shareholders". They should have. Now they face crippling liabilities.
All I heard is a bunch of “ifs”. Just a fyi in case you didn’t notice… All these rich guys funding suits have all been dead wrong about everything till this point so another Hail Mary for JPS is all this is…
Funding a lawsuit doesn’t mean you know what will happen… lol
So far every Nostradamus that has a prediction has been dead wrong… Even the ones funding the suits… And especially that Brad guy… Lmao
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