Fannie Mae Preferred S (FNMAS)

[Zargis]

While I do assert a 75% likelihood of the warrants being expunged, I must admit that there is the possibility that it will not occur.

In lawsuit, it would require the initial agreements themselves to be found dysfunctional, which, we cannot guarantee would occur or be seen as fact. If they are expunged in this manner, or as a pre-emptive to prevent a full onslaught from a group of Investors in suit, it still may take until end of 2016 to occur. I think a suit would have a good chance, with as much as I have read on the initial agreements and timeline, but that in no way implies that I am certain of that win.

Otherwise, the only other alternatives as o see them are as follows:

1: wait until 2028 and watch the warrants expire if they have not been exercised.

2: warrants are exercised and thus, more lawsuits may occur based on those damages.

Be well,

-zargis