Hi Jax, been a while! Hope you're doing well.
You make an excellent point about "too big to fail" and I agree, the japanese will keep JAL from failing. My concern is two fold...what happens to commons through all of this (so what is the risk, upside/downside e.g. are we 70% sure commons will remain in tact), and even if nothing happens to commons - are we confident with trading in grey sheets? Can we sell them at or near the ask if we find ourselves at 400%-500% profit?
My apologies if these two questions have been satisfied..if so, could someone please post answers?
Thanks,
Clint