Fannie Mae-No Politics (FNMA)

[buflo]

NYSE relisting rules:

See
http://nysemanual.nyse.com/LCMTools/PlatformViewer.asp?selectednode=chp_1_9_2_1&manual=%2Flcm%2Fsections%2Flcm-sections%2F

Exerpt: Notwithstanding the foregoing, if a company determines that, if necessary, it will cure the price condition by taking an action that will require approval of its shareholders, it must so inform the Exchange in the above referenced notification, must obtain the shareholder approval by no later than its next annual meeting, and must implement the action promptly thereafter. The price condition will be deemed cured if the price promptly exceeds $1.00 per share, and the price remains above the level for at least the following 30 trading days.

Not easy reading, but I do think the NYSE laws state the stock price must remain above $1.00 for 30 days, inform the Exchange and have shareholder approval.

I am not sure this can all happen on the 30th day, but it appears to be very possible FNMA stock can relist on NYSE very soon. The $4.00 price appears to apply to initial listing applications.