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There have been significant changes to that picture you keep posting. It is outdated and gives a false sense of security based on the initial timeline having already passed for it to begin. This all negativity effects the common sp so this picture IMO is a worthless misrepresentation of what is going to happen in a recap.
Through Charlie’s tweet, common investors get a glimpse into the mind of the investment banks. They are going to try to dilute the commons as much as possible so they can make the real money off this recap.
This is the exact reason Ackman initiated a large percentage of his F&F holdings to pfds,”Incase a restructuring disproportionately favors the pfds shares”.
The commons shares are nothing more than a scratch off ticket at this point due to their location in the capital structure.
See how that works, they just add a tow and a sweep goes through.
With all the pumping on this board, I thought the sweep was over but I guess not. The NWS happened amigos.
Their plans do not forecast a sp of $270+ plus damages which would make every common holder filthy rich. They propose realistic gains which are frowned upon on the FNMA board.
That is the beauty of computers, you can just add a row. They have done it for every sweep to date.
How is this time different than the times shown below? TIA
"CatBirdSeat Thursday, 03/28/19 12:18:14 PM
Re: None 0
Post #
42497
of 42687
I’ve Got A Feeling There Will NOT Be A Sweep...
Trump Issued The Order, The Order Must Be Quickly, & Expeditiously Executed.
https://www.politico.com/f/?id=00000169-c0a9-d90f-a16b-f7bbf24f0001"
"
CatBirdSeat Monday, 12/31/18 11:55:30 AM
Re: None 0
Post #
42171
of 42687
Net Worth Sweep Was NOT Taken!!!! KaBooM!!!! $$$$$$ BooM ChaKaLacka,... BooM...!
https://www.fhfa.gov/DataTools/Downloads/Documents/Market-Data/Table_2.pdf
Here it is!
The NWS has not been taken! TBD. Well, DUH,... Sweep not made because the government was shutdown to compensate for NOT taking the sweep!
And there it is in the footnote,.. they would of already made the sweep by the 28th.
They did not sweep! "
This has been said the last 12 quarters and every quarter they have paid.
Prepare for the sweep and have cash ready for the nose dive.
Genuinely curious- do you laugh at everything you post or is it just the way you write? lol.
TIA
It is most likely some average joe who was duped into buying fnma in the 3s, 4s, or 5s and is trying to get some money to average down.
They see the slow bleed and want to have dry powder when fnma drops below 2 before the choo choo train takes off from the station spewing steam on the way to $100.
Cheers amigos. Happy fnma gambling.
And that is why I believe he responded using Lambert to show the wheels of justice move at a snails pace. He then responded to the previous claim.
“Sweeney hasn't gotten this far. Thus I believe that any trial date she sets will be in 2021”
Cheers amigo. *insert emoji*
Every jeweler knows that a broken clock is right twice a day.
Dilution concerns stating to spook common investors?
Why are you certain they will deny?
TIA
average reverse is 171, we are 146, still ~a month~ plus or minus i would guess https://t.co/lAwV08lTWb
— Fanniegate Hero (@DoNotLose) June 17, 2019
That must be why the two major pfds are green today by ~.10 and fnma is sliding deeper in to the red.
Thanks for educating us who cannot make the correlation.
I would have thought the commons would have been green and the pfds red in your scenario but I trust your DD, as it has a 100% track record in the past.
Thank you.
Simple question that will put your post in context. Are JPS equity or debt?
People need to stop embarrassing themselves on twitter acting like they know it all IMO.
Just like “Delaware” was a slam dunk with our superhero attorney.
A lot of people were fooled with that prediction.
Please find the below passage from the first paragraph of the article you responded with
". Like common stock, preferred stock represents an equity stake in a company, but its many features make it more like a debt security.
Is there still any question that it is equity rather than debt?
So in your eyes, jr pfds, are debt? That statement is enough for me to draw conclusions regarding the accuracy of your statement.
"Look up contract law on debt that has not paid dividends for 10 years. " Are the Jr Pfds debt or equity? Hint: They are not debt.
Well without p shares trading or redeemed at par, the commons wouldn’t trade. He figured investors knew this basic principal imo.
Good luck raising capital if you wipe out jr pfd. That is a death sentence for common holders.
Fnmas is down 3.8% compared to 11% on fnma. Is that what you were asking?
And contacting any of the judges would be an incredibly dumb idea.
“CryptoNator Wednesday, 06/05/19 04:04:22 PM
Re: None 0
Post #
532073
of 532162
Trading Desk Prophecy: 06 June 2019 FNMA Institutional Flex Begins
Ready to see monster volume?
Buckle your seat belts.
Limited risk-off floor approval is now granted to trade FNMA.
FNMA met 3by3 exemption.
Trader gloves are now off.
Short blood will bathe the ticker.
So Mote It Be.”
Anyone else stunned by this volume?
So does the king of common shares, Ackman. He wants them to be exercised. If the largest holder of commons wants something, shouldn’t the iHub posters want it also?
He also noticeably added pfds. Probably something the iHub posters should do also.
Or fall back to 3 with a touch of a feather. Expect no significant price increase til the concerns regarding dilution are known.
Saying prayers for this board right now.
This should be stickied.
Everyone is assuming the en banc is an automatic win just like it was shouted from the mountains that Delaware was going to be a slam dunk.
Why is everyone so blindly optimistic?
And fmcc might go red?! Is all the potential bad news baked in yet in your opinion or are investors scared of a potential massive dilution in a capital raise?
TIA.
Great info. This should be stickied amigo!!! It’s coming!!!!!!
Funny reading all this speculation on dividends and how high they will be based on levels from over 10 years ago.
Whatever helps you sleep at night.
Fabulous job fhfa has done turning there companies around. I now see the point of leaving them in this limbo but I want to get paid.
Well spoken Amigo!!! The warrants are a sure bet to be exercised. Take it to the bank.
Enjoy the fnma weekend.
“I called the 5th Circuit Court of Appeals Clerk's Office @ (504) 310-7700 and spoke with a really friendly staff. It helps to have attorney friends.”
So because you have attorney friends (who doesn’t) the clerk gave you information they are not allowed to give out?
That was a very detailed pump so props to you. It was much more enjoyable to read than, “Yahoo is updating their website for fnma to be released”, so props to you but it is still a lie.
Do the Average Joes still think Freddie is buying back shares or have they read the law and done some dd?
NOT TRUE. BS!!!!
That is easy to prove false because by law, they can’t. This has been posted multiple times on many message boards and proven false.
I thought this issue was put to rest but I guess not so again, they can not buy back their shares!
Will it get back to $2.50 once the lemmings realize there is going to be massive dilution to raise capital?
I know they are slow but they are comprehending the news pretty fast today which is no good amigo.
No camaro 4 me yet.