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It'll probably never see $20 even with a 1:5 Reverse Split.
FNMA sub-$2 this week? Seems likely based on the price action and significant selling we saw to end last week.
Commons are probably realizing they're going to be fighting for Scraps soon.
They realize they've already lost to Jr. Preferreds, so they're going to attack each other now.
Who knows, maybe Commons will end up in the double digits after a Reverse Split.
Sad really
Market is starting to price in the 4% Capital Rule and Commons are not liking it.
Sadly, FNMA has a lot further to fall if it's going to price in a $100B Capital Raise via Common Shares.
Then you factor in another $33B via the JPS Conversions.
Now you can see why Commons will continue to struggle for months, maybe even years to come.
Lower priced Commons is better for everyone. Well, everyone except existing Common holders.
For now, Sell the Pops because FNMA Will Keep Dropping
FMCCN & FMCCO are really making me frustrated today
Don't look at the 5-year chart on those tickers. It would probably make you cry seeing as how much they're up in comparison to FNMA's zero gains in that same time frame
Another FNMA realist. Ready to take a loss or cash in as soon as his investment goes green.
Lots of bagholders in Commons that have been waiting for justice that will likely never come. Only to be beaten over the head with $100B in dilution and another $33B via JPS Conversions.
Can you blame him for being frustrated?
You're not factoring in the massive dilution that's set to occur. You're also not factoring in the Treasury owns 79.9%.
So your $60 number gets cut to $12 just based on the Warrants. Now factor in ~$100B in newly issued Common shares.
I imagine FNMA will end up around $4-6 which is what I've long stated.
And don't forget, some JPS are $50 and there's even a Super Secret one that's $100,000
LMAO! Mongo threatening more lawsuits without consulting Lawyer?
Mongo will be throwing away money on useless lawsuits faster than Bryndon Fisher.
Will Mongo have to sell his FNMA shares to fund said lawsuits?
That would be no bueno.
This is actually concerning now that I think about it.
Seeing all of these issues and considering the poor treatment of existing jps/cs stakeholders, I have to imagine the new money is going to get a deeper discount.
New investors will likely want an even steeper discount than the 10-15% discount I was thinking would occur at time of the re-IPO.
So maybe they ask for a 33% discount to the average trading price of FNMA over the last 30-60-90 days?
That would be no bueno for anyone holding shares though.
Scary stuff amigo!
Mongo congratulates you on your Trading of FNMA. I didn't say no one was up, I said FNMA is flat over the last 5-year time frame.
You keep Selling the Pops, it's what the smart folks are doing since they know FNMA Always Drops
Mongo knows JPS to Common Conversion is coming. Mongo gets scared, but then Mongo realizes it's a good thing for FNMA. Otherwise, another $33B in dilution has to occur.
Mongo knows dilution will be significant already. Mongo doesn't want another $33B in dilution as that would be no bueno amigos.
Mongo supports JPS to Common Conversion. It's coming amigos!!
Nice to see you've been Selling the Pops. FNMA was about $2 five years ago and it's still right about $2 now.
As you see, it's gone nowhere in that time frame.
But if you're trading, then Selling the Pop is the best thing you can do since everyone knows FNMA has no chance of ever seeing double-digits without a Reverse Split.
Probably. As Glen said earlier, Commons & JPS likely have similar upside from these prices.
3-4x from current prices seems the likely outcome for both classes of shares. But the Safety Net of the Jr. Preferreds (along with their Contract Claims in Lamberth's Court) allow JPS to sleep much easier at night. No fear of massive dilution either
Anyone expecting a 10-100x in FNMA is going to be sorely disappointed when the Reverse Split is announced and those FNMA Fantasies are destroyed.
FNMA has gone nowhere in 5 years. Check what JPS have done in that time frame
A small drip from significant gains is nothing in comparison to the 0% gains Commons have seen in 5 years
Short & Sweet. Seems Calabria isn't backing down. High capital reqs are coming and it looks like the CRTs aren't going away.
Sell half, buy Jr. Preferreds. Thank me later
Smart Funds buying cheaper Jr. Preferreds. Follow the money!
Another one down. Let's hope SCOTUS doesn't rule the same way. Otherwise, we all held our breath only to be taken to the FNMA woodshed by HERA
Can we sticky these FNMA Facts?
Maybe they'll just keep increasing the Capital Buffer until it's enough to cover the liquidation preference of the Jr. Preferreds.
Then they can declare Receivership and let the Commons battle it out in Court for the next 10 years.
That would be an interesting turn of events.
Protesters outside of F&F with Signs reading "12-More-Years."
Do people really want another 12 years of Conservatorship?
Let's hope this all gets hashed out via settlement; otherwise, that's what we're looking at if Biden wins and SCOTUS rules Calabria is removable for cause and nothing further.
They might strike down their Charters then also using your logic. HERA was written alongside the Charters.
So if HERA is reviewable, then the Charters must be also.
FNMA $1,000,000 here we come!!
HERA isn't either. Just the actions taken by the FHFA and if they are legal under HERA.
HERA itself is not under review
So is thinking SCOTUS will overturn HERA and the entire Conservatorship.
Let's get back to the FNMA Facts then!
Can SCOTUS also make Commons worth $1,000?
Maybe they'll overturn everything all the way back to the original Charters and make Fannie & Freddie truly free market enterprises.
That would make them worth more than Apple & Tesla combined, easily making Commons worth close to $1,000,000 each.
Not gonna happen. Pure FNMA Fantasy.
Exceptional FNMA Facts. Sticky Please!!
Before FNMA's de-listing occurs?
I'd hate to wake up next week on the Gray Sheets.
This is a very good possibility.
Didn't CryptoNator predict this also? I think he changed his name to something else.
Sell the Pops, FNMA Always Drops!!
The Supreme Court alone won't fix this mess.
Another rough day in FNMA Land. No Bueno!
Commons can't catch a bid. What gives??
Would be more than happy with the Dividends being turned back on.
Jr. Preferreds are a Win-Win at this point. Either they get Converted to Commons or their Dividends get turned back on.
FNMA Commons are in a difficult position. Already facing 400% dilution from the Warrants, they now also face an additional $100B in dilution bringing their ownership down to the mid-to-low single digits.
And that's No Bueno Amigos!
I would start meeting with Lawyers this week. You're going to need one when the FNMA Warrants get exercised
Mongo thinks Commons might Reverse entirely and turn red.
Mongo says that would be major Sell Signal.
Mongo wants to see more buying of FNMA at the Ask and less Selling of the Pops.
Mongo says FNMA won't drop this time ... But Mongo is usually wrong
JPS are finally pulling Commons higher. I called for this last week and it's finally happening!
I'm just not sure if Commons will be able to hold their gains for long since everyone knows to Sell the Pop since FNMA Always Drops.
Ackman and the Growth Fund are making bets, that's all. They don't have any power to make sure their expectations are met.
Can we sticky this?
JPS Converting to Commons are comparable to them eating FNMA Commons' Brains.
Exciting times ahead.
The first movie or the second?