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bradford86

07/28/25 8:29 PM

#836970 RE: Fully Diluted #836954

Im not sure how they amend the spspa to retain the commitment and turn it into a pcf and also let earnings flow through to common;

To your point it sounds like the gov can have maybe $1-25b of value or maybe another $200b or so of potential backstop.

I think we get visibility on what the gov will do shortly. I expect them to take the money and run. Shrug.