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Suckers will give him fiat for 11.25% APR. as the legacy system becomes starved of yield these preferreds are going to shine
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maybe. We shall see.
I'm not too convinced his gambit will succeed. (I'm pretty convinced it won't fail but that's another matter)
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And I’m convinced he will succeed the numbers are the numbers and rates are going to come down in the long run
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incorrect... they have enough cash for like 18 months (#1430855), after which they have to ("have to") sell (deteriorating) coins or, as always, find a new sucker to hold their infinitely printable common stock.