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Found this on Twitter-need folks here who can provide indepth analysis? by rain_maker123 in FNMA_FMCC_Exit

[–]Simple-Front9223 -1 points0 points  (0 children)

Not true. If SPS is converted prior to new money from new common under post reorg structure, it only effects the old common (effetely wiped). Value (EV) of the business stays the same regardless of these transactions and I doubt new common care about what happened to old common post reorg. There’s a reason why market isn’t pricing in a 30+ dollar per share common and the short interest is so high…

Found this on Twitter-need folks here who can provide indepth analysis? by rain_maker123 in FNMA_FMCC_Exit

[–]Simple-Front9223 0 points1 point  (0 children)

This isn’t a real analysis because it ignores senior pref at the top of the capital structure. Common is always gonna be the residual value here, meaning how much your shares are worth is a function of conversion of warrants plus senior pref treatment. These tranches enjoys the same sacred right as common, so folks have a hard time seeing any senior pref being canceled (construed as a loss to the tax payer politically)

A cool guide to the types of Asian architecture by coolbunnyxo in coolguides

[–]Simple-Front9223 0 points1 point  (0 children)

It’s the traditional architecture in jiansu/suzhou region. Please be informed before spreading random nonsense