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Exceptional FNMA Facts! Considering our track record in the Courts so far, it's comical some still have such high hopes for Commons.
Commons are literally in No Man's Land. They have no seat at the table and the only Court claims that may benefit them are only for pre-Conservatorship holders.
They are riding the Jr. Preferred coattails and some of them still don't even realize it yet
FNMAS had 327,941 in volume. And what's 327,941 x $8.95? It's ~$3M, which is the total dollar volume traded in FNMAS today.
FNMA had 2,605,928 in volume. Times that be $2.18 and that's $5.6M in total dollar volume traded in FNMA today.
Now do this for the other Jr. Preferreds and you'll see JPS as a whole consistently have more dollar volume than Commons
Yep, nearly $3M in volume today. That's not much for FNMAS, but still a whole lot of liquidity
no volume, no liquidity, no dividend, no growth potential, no conversion, no bankruptcy, non cumulative, no future, so yeah, irrelevant for sure.
No volume in FNMAS, so it's irrelevant, right?!
You're basing your Fraud claims on fraudulent numbers. FNMA doesn't trade at $5, $7, or $10. It trades at $2.17.
And that technically doesn't matter since the Warrants, which were issued LEGALLY and have never been challenged in Court anywhere, have an exercise price of one one-thousandth of a penny ($0.00001).
Assuming the Warrants are exercised (they will be), then the Treasury has the right to purchase the shares at $0.00001 and they will get 79.9% of the Common shares of each GSE.
Those are the FNMA Facts. See my signature for further clarification.
Does Shorting FNMA count? I've been doing that lately.
The Irrational Exuberance is running high yet again, even after the Capital Rule shows Commons will likely be crushed under a wave of dilution.
FNMA Facts Matter here.
Yes, those Sr. Preferreds are giving Jr. Preferreds a heart attack. I hope this amigo understands the difference between SPS and JPS
If there's a Jr. Preferred to Commons Conversion, will any FNMA Commononer admit they were wrong?
Can we sticky these FNMA Facts? Incredibly informative!
That's incredible! My FNMAS purchases at $3.50 are also doing incredibly well.
But what about the people that bought FNMA at $3, $4, and $5? Is life good for them amigo?
FNMA is not looking good amigos. We were warned this might happen. Now, it seems Calabria is ready to act.
No windfall for Commons. FNMA could actually end up lower even if everything falls into place. No Bueno
The worst is yet to come for Commons. We only received a glimpse of what's coming. It's possible (likely?) that after the Comment period for the Capital Rule, the GSEs might be forced to hold even more capital than the original proposal.
That and a possible SPS Conversion to Commons are still on the table, and of course the 79.9% Warrants as well. Although, Converting the SPS gives the Treasury basically all of the Commons anyway, so the Warrants would be pretty meaningless at that point.
Exciting times ahead for everyone, especially FNMA Commons. But it looks like the Pop Sellers are here to stay, since they know FNMA Always Drops
Low of the Day close again today What is going on with FNMA?!
When will this nightmare end?
FNMA Closes at the Low of the Day. Ouch!
How does this happen after all the "Good News" we were hearing about over the weekend?
FNMA chart is heading in the wrong direction. It's supposed to go from bottom left to upper right.
It's heading from upper left to bottom right.
FNMA Pop Sellers in full force today. No bueno amigos
The better Commons do, the better Jr. Preferreds also do. How can you go wrong with that scenario amigo?!
We're all in this together. I mean kind of.
Not a recco
reverse splits, warrants, capital raises and many other factors will determine the price.
As common shareholders, we are confident.
Not according to Fannie Mae's most recent 10-Q filed with the SEC. Do you have a link to substantiate this claim?
They should've been, but like I've said for the last few years, FNMA Commons will likely see $4-6.
Although with the new Capital Rule proposed, I think $3-5 is the most likely outcome now (pending Reverse Splits of course).
Don't worry amigo, it's coming!!
I will vote No on Ackman when my Jr. Preferreds get Converted into Voting Common shares.
so Calabria does not just say there won't be a windfall, he also explicitly says shareholders will be heavily diluted...
The conversion is completely legal and advances the recap/release agenda.
re-IPO investors will insist on the existing juniors being converted to commons.
How low does $FNMA go this week?
Now that the irrational exuberance has subsided and the Triple Train Top is in place, I see $FNMA drifting back towards $1.60 in the weeks ahead.
I for one am grateful I sold the Pop. We know $FNMA Always Drops
Agreed! Converting JPS to Commons adds $33 Billion to CET1 which helps significantly and it basically costs the GSEs nothing -- besides the dilution to existing $FNMA Commons, which we knew was going to happen anyway!
Thankfully, the FHFA and Calabria have stepped into the BOD's shoes and owe no fiduciary duty to shareholders. So any decision they make will be absolute and Commons will have no vote/say.
The Jr. Preferred Choo Choo Train is going to leave the Polar Express in the dust. The market is already starting to figure this out
$FNMA Facts. Can we sticky this?
Nice $FNMA Flip! I'm waiting for lower prices to consider dipping my toes back in.
But it's good to see people Selling the Pop. This is what $FNMA wants
"Crushed" as in sold the top almost perfectly? Yes, then I was crushed. I just wish I Shorted $FNMA at $2.70 where I sold my 0.01% position
I might re-buy around $1.60 or if they fill the other Gaps.
$2+ FNMA is too rich for my blood seeing as even in the best case scenario it might only see $6.
Jr. Preferreds are a much more reassuring investment with an even high up-side as compared to Commons
Is one of the Average Joe Plan Authors Selling the Pop because he understands $FNMA Always Drops?
Wow! Shocking FNMA FACTS