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It's late to tape transactions written by market makers from previous day trades. That's why there's only three of them, and they're nice round lot numbers. 10,000, 10,000, and 100. Average investors don't trade exclusively round lot numbers because they don't know the significant reasons for purchasing round lots.
Like I said, buy one share of FNMA Pre-market, show me a broker statement that proves the transaction occurred with time-stamp, and I'll PayPal you a $100 bill. You've got nothing to lose. I'm not going to argue about it anymore.
FNMA is classified as current by OTC because they still release financials, but because they're in conservatorship, they are technically considered dark which is why brokers won't touch it do to their own broker rules concerning bankrupt companies and those in conservatorship. I've tried several times and I have a great international broker. Can't do it.
Yeah, I changed it because I realized it was a blank statement after reading it back.
I'll give ANYONE $100 to prove they made a trade pre-market of FNMA shares. It's simple, prove it.
Yes they are. All companies that are in conservatorship and bankruptcy are considered dark stocks.
Do a little more researching. I'll give anyone here $100 bill if they show me they could trade one share of FNMA pre OR post market.
Late tape prints being recorded to tape from previous day trades. OTC "dark" companies do not trade pre-market, and no OTC stock, regardless of tier group, trades after-hours.
In the case of OTC "dark companies", they do not trade pre-market. Some OTC's do trade pre-market. Not the ones listed as "dark". Go try to trade it right now and find out.
I guarantee you there isn't.
There is no pre-market for OTC "dark" stocks.
I think you've mistaken the message.
He touches on it in the comments section.
What are you talking about? The bill is an extremely positive step forward for shareholders.
They're voting on it right now.
Take a look at Tim Howard's recent article about it.
FMCCT & FMCKM both up 1.68% & 1.69% My other two are currently at 0.00%.
My preferreds are up.
French Hill is complaining about the lavish expenditures of the GSE's, while completely ignoring the fact that Obama hired those "lavish" executives.
Facts don't matter in Congress smh.
The significance of the bill is that the pending lawsuits will no longer require the court to rule on the release of 11,000 government documents that are deemed executive privilege. This bill wipes away the ability of the government to claim executive privilege on these documents. That is my understanding, but I'm not an attorney. I believe it will also permit Tim pagliara to gain access to the corporate books and records without the need for a court ruling.
The last analysis I did was based on the Mulvaney Bill which required a $78b recap and warrants excercised in order to depart conservatorship. The result was a $12 stock price assuming a WACC of 6.5%, which is nearly equal to the 30 year cyclically adjusted PE of 14.62 that Fannie has produced.
Because I'm no longer a common holder and instead hold preferreds, the method for determining value is much different and doesn't rely on nearly as many assumptions. Matter of fact, only one assumption is required: what will the new tax rate be.
Glad I could make you chuckle. If you'd like to talk valuation, I'm your guy, lol.
Oh wow, I dropped the ball on that one lol. Been a long day already, I guess. Thought they were voting on the transparency bill. Lol.
I agree. I should have said: it SHOULD soar. :).
It'll easily pass the Senate.
It passed!!!
I'm in complete disagreement with Bill Ackman's thesis, and I've never had to open a public shell company in order to fund my investment company due to my clients taking half the funds and leaving.
Current vote: 154 yea, 104 nay. Looks like it's going to pass. The stock should soar because of this.
Agree. Watching C-SPAN for about an hour is all it takes to conclude the flaws of our lawmakers. Hence, 8 years in conservatorship.
I haven't counted.
In case of GSEs, with 5X (80%) dilution, pps will be $20.
Why it is not going higher when entire market has jumped after election. That tells this is dead money unless dividend is given. Once the market crashs, GM will not survive.
The BO administration - working with lots of parties in interest - with Steve Rattner in charge - TOOK GM into a pre arranged CH 11
GM did not "go bankrupt" in the typical sense
A pre arranged outcome was determined first ---- and then the GOV led GM into 11 by the hand
It certainly is, and still hasn't recieved the exposure it deserves.
Correct. And, it requires conservatorship to end.
GM IPO'd at $33 per share and sold every single share into the market. Previously, their share price was $1 and a few pennies. This argument has already been made and I've addressed it. It's a straw man argument to me and doesn't warrant any further interest. It happens all the time. Look around you.
Furthermore, I'm not trying to scare anyone into doing anything. What you do with your money doesn't affect me the least bit. I'm simply exchanging thoughts. Nothing more, nothing less.
I believe many people are looking at the warrants the completely wrong way. The value of the warrants is not in what they can monetarily provide. The government, who in reality owns every dollar you place in your pocket and has the power to create more at their discretion, doesn't care about the money. The value of the warrants is in the power those warrants represent. With a 79.9% ownership stake in the business, they control 79.9% of the voting rights of the business which enables them to control the direction of the company without any distraction from current common shareholders who are the only other class that are entitled to such rights. I am 1,000% positive the warrants will be excercised, unless a court rules otherwise. So far, that hasn't gone so well.
Odd talk as the companies are implementing and talking about release from conservatorship.