yes I know what you are saying I am getting older but I was a financial advisor - broker for 10+ years and sold and bought a bunch of JPS and better yet Trust Preferred Shares (which turned out to be debt not equity)
you note in the post -------------- conversion should be anticipated
Do you mean conversion of SP/LP into common Do you mean - some how ? - conversion of JPS into common BEFORE the SP/LP are converted to common
As note in a different post --- it could get interesting if --- a MASSIVE IF IMO - TREAS converts SP/LP into many many common shares. And then the GOV- TREAS asks JPS if it then wants to convert into common THEN - post that insane dilution. Note - I do not have any sense of if there would be such dilution of common v the GOV saying as I hope - paid in full (to then use the WTS)
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