kt what are you saying? I do not understand at all ?
it probably won't be quite that extreme; if Treasury converts the seniors to commons it will likely only happen if the juniors accept a conversion to common at a similar discount to par.
Why would JPS agree (if agreement is sought) to be treated like that ----- "similar discount to par"
? None of us - as this is virgin territory that so far has crazy court decisions ---- none of us know the protection that JPS has or does not have - but why would they vote for a similar discount to common ?
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