I asked him 2 years ago if this was the case: 1. Senior conversion 2. Warrants exercised 3. JPS conversion 4. Newco equity raise 5. Possibly new JPS to top off
All these days I was thinking you are the restructuring expert and you were dictating how it will end... Now you are asking an anonymous Internet message board person(no pun intended )??
1 billion actually 500 million isn’t enough to influence the housing market, that’s what you would get if the government announced exercising the warrants. I wouldn’t be surprised to see the SP below .25. Destroying shareholders will doom any serious investment of the GSE’s in the future. If Biden even tried that now, it would be tied up in politics and legal stopping it’s impact on the 2024 election.