Yeah well
“ She was an attorney for the Dept of Treasury and has consulted with Trump on all of this, and taking them out of conservatorship. She was telling me things I simply dont understand, as this is not my industry nor expertise. I would love to have had a knowledgeable debate with her, but I was way out of my league. She did tell me one thing….this is never gonna happen. She said the common shares will never be worth anything after the warrants are either exercised or expire.”
In my view generally speaking common shareholders lack an basic understanding of the balance sheet or how a restructuring works. This lady was probably dropping simple knowledge on you but you just were not able to understand it because you have built and held your position around purposely misunderstanding it. There is still time. You should have recorded it. She was trying to help you. This is like throwing a life raft at someone who can’t swim who is drowning. Anyway. I love your notes here, i just feel bad for you here. I had the same thing happen in like 2017 when i was talked into owning preferred instead of commons.
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