Kthomp pointed out an option 4 to my analysis when my #1 was spspa

Spspa is a factor to consider as a common shareholder because if its liquidation preference is not written down as part of this restructuring— it would be converted to common.

This would effectively destroy common

Spspa is conversion.

And here we go

are you hearing what i'm hearing

Distribute widely.

$fnma #fanniegate pic.twitter.com/PIAYWe6aCK

— Fanniegate Hero (@DoNotLose) October 23, 2023

https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/warrant/Fannie-Mae-Warrant.pdf

These terms. Review them and acknowledge the truth of their existence and their power to dilute pre conservatorship common equity in any and every forward outcome and Treasury’s direct benefit in doing so.

Those are the terms, so yes. That does sound logical to me. Were you not able to read and understand the terms? Sounds like you were— but you do not believe them. Why do you not believe what you read on an official document with terms?

Are you not being logical? Busted!

Lol. Warrants have no value in bankruptcy/receivership. Very poor logic there.

Glad to see you are taking the high ground here. Enjoy the outcome of your decisions.

Oh. We can read. I just think it is a poor perspective

Good luck with that outcome. Must be in a parallel universe — i dont think that is the reality here.

You must be reading the analyst reports because this is what they are saying

Explaining this FACT to people who do not understand it is like giving someone directions to a restaurant in french when they only speak english. This is a fact. Most common shareholders own commons because they do not understand this fact, much less the other facts surrounding this prerestructuring capital structure.

Retained earnings continues upwards along with the spspa liq pref. Anti dilution protection is the only value in the house. The rest is just a band of confused souls fighting over scraps like they are gold and diamonds. Lol.

The first sounds theyll hear is their heads hitting the floor

Surely not criminal mentality… wrong

No one who is doing this professionally thinks the warrants wont be exercised. Except maybe bryndon fisher. That man has my respect

It was the original deal.

To be fair ackman did a better job sizing this trade to be so wrong

Yes. Exercise the warrants because they are valid and belong to the govt and even ackman expects them to be.

There ya go. You own commons. He mostly has jps

And… wrong. Lol

But— what about level ii, doesnt it show that the deep pocketed buyers are manipulating the price so they can buy more at lower prices

— im kidding here, but this is the kind of narrative these crazy people would argue. Bottom line is if there is significant demand — price would go up

Price balances supply and demand pretty well

The price of jps and current situation seem to forecast a future of never ending conservatorship and a win on these bs contract damages in lamberths court

Anyway — navy has proved to himself that you are a stupid moron because he thinks he knew what level ii was before you. As such— anything you say is worthless because he is smarter

The same that he applies to you he applies to me because apparently i used to skate board like 7-10 years ago. He constantly asserts factually inaccurate statements against me to disparage my name. You simply cannot successfully have a meaningful conversation with him. He devolves into memes and emojis and ad hominum attacks to defend his ego and 500k common share position worth about $250k i would guess

Then, he only talks price intraday when commons are outperforming jps. Prefer common up a few percent and any series of jps down a few percent — which is all but guaranteed since there are like 40 series of jps.

He focuses on fnmas and fnmat anf fmckj. At least he gets that right. Sort of.

Anyway. Good mornings all around happy saturday. The big news monday king

The warrants have been outstanding long enough and have survived the legal challenges

Your interpretation of this situation seems to be at odds with my understanding of reality

Knowing what level ii is is probably less important than knowing what parts of the equity capital stack have anti dilution protection in an equity restructuring workout

Wishing you good fortune

Commenting deese’s post was not tied to that. I did that thursday. Not monday. There has been a good week. Deese’s commentary in my opinion is relevant because we are now 18 months past the time when hindes met with a top biden official who said 12-18 months

Lower prices are better to accumulate.

These jps get made whole if the commons are worth anything at all.

You may need to email him from a new email under a new name.

Inside navys head he is always right. He knew about level 2 before you. Apparently

The thing is — we will teach him about place in capital structure pending restructuring

Ding clark you lose!

when you say jackwagon, what do you mean?

i don't know what you're trying to say.. sometimes it seems to refer to yourself.

I actually tend to agree here.

I cant bring myself to read this. I skimmed it.

Good morning. Happy Thursday

I only use this one — for anyone who cares.

Tightcoil is just mikesp on google boards — over there he continues to prove how clueless he is to me — and so it is kind of fun to watch him do the same here

Now he is saying a common shareholder is a jps shareholder

You are the sort of fella that needs price to confirm your understanding huh?

Not me.

Anyway. Miracle #1. Sandra Thompson went to Franklin last month. Enjoy

Good one

Treasury talked about what its doing today. Now with Treasury taking this on it is time to get some direction at a local level about what works

yes, with anti dilution provisions.

happy big news monday! enjoy your gains

https://home.treasury.gov/news/press-releases/jy1812

UST Secret housing plan is out.

Now --- let's see what FHFA says.

You didnt see all the news today?

Zoom zoom on bnm