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Down almost 5%. Large volume is not your friend.
Falling knife
Maybe people believe the lottery ticket is worth $1.00 and not $1.24.
How long has this saying been echoed?
I would rather be able to buy a filet for a share but that’s my personal preference. At this rate, it seems highly unlikely but cheers to a whopper.
"This is yet another stupid case where the Preferred (Pricks) shareholders pulled in big common stockholders to give the perception that we are all in the same boat; and we are not."
17. Plaintiff Washington Federal was, at all relevant times, a preferred shareholder of both Fannie Mae and Freddie Mac. Washington Federal is a subsidiary of Washington Federal, Inc., and is headquartered in Seattle, Washington.
18. Plaintiff Michael McCredy Baker was, at all relevant times, a preferred shareholder of both Fannie Mae and Freddie Mac.
19. Plaintiff City of Austin Police Retirement System was, at all relevant times, a common shareholder of both Fannie Mae and Freddie Mac
How sickening of you to blame pfd holders, Washington Federal and Michael McCredy, for joinging forces with the great police officers of Austin to combat the theft
You should tell the brave men and women serving as cops in Austin how bad it is that there are two pfd shareholders in their case fighting for The Police Retirement Fund alongside their own interests.
It is truly embarrassing how low some people will stoop in order to get their much desired average joe plan..
The Delaware case was expected.
It will appear in the form of moelis being implemented and the warrants being exercised. That is how everyone will learn about the mythical letter.
Who has common shareholder rights?
Last 2 posts on FMCKJ board. The average joes have taken it over.
1.
CatBirdSeat Wednesday, 08/22/18 08:45:44
READ THE CIRCULARS!
http://www.freddiemac.com/investors/pdf/FtFPrefStock-oc.pdf
"No Preemptive Rights and No Conversion
As a holder of Preferred Stock, you will not have any preemptive rights to purchase or
subscribe for any other shares, rights, options or other securities. You will not have any right to convert your shares into or exchange your shares for any other class or series of our stock or
obligations.
5. No Conversion or Exchange Rights
The holders of shares of the Non-Cumulative Preferred Stock shall not have any right to convert such shares into or exchange such shares for any other class or series of stock or obligations of Freddie Mac
6. No Preemptive Rights
No holder of the Non-Cumulative Preferred Stock shall as such holder have any preemptive right to purchase or subscribe for any other shares, rights, options or other securities of any class of Freddie Mac which at any time may be sold or ordered for sale by Freddie Mac."
2 stockprofitter [color=red][/color]Thursday, 11/01/18 05:42:32 PM
HUGE SELLOFF BY MAJOR SHAREHOLDER
$FNMAS $FMCKJ
Bruce Berkowitz reports:
The St. Joe Co (JOE) - 22,730,687 shares, 54.55% of the total portfolio.
Federal Home Loan Mortgage Corp (FMCKJ.PFD) - 16,387,268 shares, 14.5% of the total portfolio. Shares reduced by 16.21%
Fannie Mae (FNMAS.PFD) - 14,656,509 shares, 12.78% of the total portfolio. Shares reduced by 22.59%
Vista Outdoor Inc (VSTO) - 3,279,900 shares, 8.45% of the total portfolio. Shares reduced by 22.33%
Spectrum Brands Holdings Inc (SPB) - 376,540 shares, 4.56% of the total portfolio. Shares added by 82.61%
Would make total sense given the decline as of the past few months.
Passing the bag along to iHub dreamers.
Correct.
Yes, a few months ago, Ackman realized that it was way to risky being 100% common so he added pfd shares to hedge his bet. See below.
Ackman adds to preferred bets on GSEs - SA $FNMA $FMCC Pershing Square says its preferred investment in Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) now amounts to 21% of its total investment in the two GSEs.
"now our "only" remaining relief is Treasury/FHFA Administrative ACTION "
You must be forgetting about Lamberth and Sweeney. Although those are largely pfd cases. Common holders are now at the mercy of the administration and the pfd holders if a settlement were to happen.
Remember what Ackman said about opening a pfd position "it hedges our risk of a restructuring that disproportionately benefits the preferred shares versus the common shares"
Ackman adds to preferred bets on GSEs - SA $FNMA $FMCC Pershing Square says its preferred investment in Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) now amounts to 21% of its total investment in the two GSEs.
So much for the “slam dunk”.
Care to share the highly anticipated letter?
Can you explain for us how common see value if pfds go to 0? TIA.
Move over yahoo finance, google groups is the new leader in the recap conspiracies.
(2) 250,000 blocks buys on fnmas for 6.49 and 6.54. Double volume on those 2 monster whale buys than traded on fnma all day.
Notice how the price is now green? Looks to be like a whale wanted in and lowered the price for the massive buying.
Can you please provide your source? TIA.
Wow. 100% upside from here. Surprised this hasn’t caused fnma to go parabolic but lemmings are slow.
I think he was saying to not post troll MAGA twitter accounts that do not realize the statue of limitations has expired.
The promised letter from the SEC would sure be good right now, if it actually existed.
Will you share the published reports along with the SEC letter? Would be a great boost of confidence. TIA.
Whoever runs that spam MAGA account is just throwing out speculation with no proof to their claims. ".IF the warrants are excersized there will be individual and class action lawsuits fyi. "
They also fail to spell exercised correctly so it should be taken with a grain of salt considering the amount of bots that they follow and the amount of bots that follow the account.
The problem is, as evident in your post from Wednesday 11/07/18 09:32:50 PM, "Why, who is Janice Brown and why is it relevant? " most average joes do not know who she is.
Your post ID asking who Judge Brown is was 480356.
Lemmings are slow.
I am hoping it goes a little further south and then I will be a buyer.
With stockprofitter releasing the SEC letter any moment now, the world is waiting to see which direction the sp will go.
"It's time I released the document. " - Sunday, 11/11/18 04:16:53 PM
I think it is time to do as you said and release it.
So sells of 44,900, 141,500, 73,026, 24,499, 100,000, 36,720 , 29,280 are not big blocks? But any buy over 20,000 is a big block?
I wonder who is selling these huge blocks and why.
Great. Please post the letter like you said you would.
Release it and we will see the date.
Release it. This will be like cnn releasing Trumps tax returns.
It’s been years of you claiming the SEC stated they were illegal.
Don’t you think moelis would have known this before they came out with their plan?
Pretty much everyone agrees that they will be issued and the warrants are a huge incentive to release the twins.
Please stop posting about this secret letter unless you can actually back it up.
Sounds like a win for Trump and the taxpayers.
MAGA.
It makes perfect sense. Imagine the capital gains tax the government will reap if they pay pfds 100x par value. Why not? The government needs to fix the highways, build a wall and make America great again.
Finally we have the crux of the Average joe investment thesis. “Why not?”
Why stop at $1,000? We could wipe out all the national debt and make plenty of fnma make billionaires.
#averagejoesfor$100,000.
Which part? Lol
"Note, the new plan states they will issue new preferred and common stock.
This makes perfect sense. They will roll existing stock(s) into the new securities. "
I think they mean that they will be issuing new pfds to raise capital while converting the existing into common shares. They will also be selling common shares to raise capital. Existing common shares will not be rolled into new shares....the waves of dilution will be rolling into them.
We have not even talked about the warrant dilution yet.