does the net worth or retained earnings accrue to jps or common? would treasury want to maximize its stake via common or they need to watch out for jps? still want restructuring? why? why do they need to raise money at all? who will give them a dime? oh i forgot we want receivership and commons at $0.000001 and jps get trillion shares of commons. did i hear perry, kao, fairlhome, paulson , capital group , almost everyone exited their preferreds position? they all must be stupid or they must have analyzed that dividends on jps will never be turned back on where it's value lies in. i don't want to forget that we want mnuchin and calabria back. lol.
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