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Now, moving onto more important matters.
Lamburger plaintiff response due 2/12/24 but let's see if:
A) Their lawyers can fix the damages calculation by then.
or
B) Request an extension to fix the calculuation.
I'm flattered that you hang on my every word. ❤️
Mr Barron, clearly commons are going to rocket to $444/share 🚀🚀🚀
Don't forget, I'm BoB Corker.
After all these years, I can't believe people still care who will release FnF.
I just want them free. period. really don't give a rats ass who does it.
8-0 jury verdict says shareholders only deserve 600 million out of the 300B.
Also don't forget that everyone who didn't opt out, can no longer file the same law suit for damages again in the future.
FYI, depending on how many shareholders "opted out", there is a chance you may see a slight uptick in your share of damages to be received.
Still a paltry sum nonetheless 🙄
Upon reading the GOVT's opposition... what they are asking for are completely reasonable.
They want the allocation plan to exclude all of those who opted out from the lawsuit. - Can't disagree with that.
Unclaimed funds for whatever reason... be returned to defendants. - OK but not the end of the world because everyone here will claim it right?
I vaguely remember either AIG or CITI that sued afterwards.
They won the lawsuit but received nothing in damages lol...
Sounds eerily similar to Lamburger where the 8-0 jury saw the 300B+ swindle... Saw the 1.6B asking in damages... and decided that shareholders didn't deserve all of that so gave us 600 million instead.
I pray that all common holders will be able to move on with their lives after this whole ordeal is done.
Conservatorship and Bankruptcy both fall under the giant umbrella known as Restructurings.
Donkey Kong
COMMONS TO $44 🚀🚀
SIR. YES, SIR.
COMMONS TO $444 🚀🚀🚀
You will change your mind about #2 once you sit through a restructuring.
If you want an interesting case history you should look up $SDRL.
https://en.wikipedia.org/wiki/Seadrill
- In December 2017, the company filed bankruptcy.[12][13][14] The company emerged from bankruptcy in July 2018.[15]
- On December 1, 2020, Seadrill filed for Chapter 11 bankruptcy for the second time.[20] The company emerged from Chapter 11 in February 2022 and a new Board of Directors was appointed.[21]
- On January 12, 2022, Seadrill New Finance, Seadrill's subsidiary, filed for Chapter 11 bankruptcy. The company emerged from bankruptcy on January 20, 2022.[22]
Went through three restructurings in quick succession over the span of 5 short years.
Each/every time, commons got diluted 98%+ but the kicker here is that new money came in Every. Single. Time.
Until you sit through one of these on your own, you won't really understand #2 and the how unforgiving the world works. For the better or for the worse, Tim howard has never been through one and thus writes it off completely.
That's better than what I was expecting... I thought the lawyers would take a 33% cut.
Best of luck to all of you who'll ride the 🚀 up but unfortunately the time window to get off will be like an hour at most before it comes back down.
Unfortunately the 8-0 Jury saw the 300B swindle and they saw shareholders asking for 1.6B in damages... and they decided that shareholders only deserved 600 million...
Your confidence in the courts to do the right thing is greater than a housewife stuck in an abusive relationship.
I asked him 2 years ago if this was the case:
1. Senior conversion
2. Warrants exercised
3. JPS conversion
4. Newco equity raise
5. Possibly new JPS to top off
He said generally yes,
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167789311
Hopefully you've realized what she's saying is just lip service.
FnF have been rehabilitated but unfortunately, there is no one to rehabilitate the govt.
COMMONS TO THE MOON $4,444/SHARE 🚀🚀🚀🚀🚀
It is of my opinion that money is money. It doesn't matter if it's been in your wallet or it's been stuffed inside of Rick's underwear for the past 15 years.
FnF will need to raise capital and you can argue it doesn't matter where they get it from. The rights offering will be FnF giving legacy commons a chance to participate in the IPO.
Everyone will be taking a haircut, except new capital coming in.
While I agree that it doesn't matter where the money is coming for the upcoming capital raise... but the rights offering for legacy commons would probably be near equivalent to the value that the new capital would be receiving.
Do you believe that the GOVT will change for the better?
There is no one promoting anything on this board.
Let's be realistic here. Nothing that anyone says on this board has an ounce of weight.
Most JPS holders hold the belief that the GOVT is a bad actor and will not change its ways.
Most common holders hold the belief that the GOVT will change for the better.
Reminds me of an abusive relationship... You guys can continue to believe and pray that the GOVT will become an upstanding husband.
Since '96.
It got assigned to the Morgan Stanley restructuring team.
The problem with your order of execution is that JPS are non-convertible.
The only way to get around it is by making an offer to the JPS to convert voluntarily (this would be similar to how CITI did it... some converted and some held out). Unfortunately, no one in their right mind would accept the conversion to get diluted by seniors.
I hope all of you guys realize the power dynamics in this recap scenario.
- It's not treasury who will get the most favorable terms.
- It's the new incoming capital that will get extra pepperoni on their slices.
Weak sauce. You need to double that.
FNMA to $444/share 🚀🚀
Buy more commons it's going to $4444 per share 🚀🚀🚀
You were wrong.
Lost count of how many times BTIG mentioned "capital stack."
I'm surprised that not everyone has muted him.
FNMA TO THE MOON $444 🚀🚀🚀
Wrong deadline, that was the old order before delays. Next deadline is 2/5.
FNMA to $44 🚀
Hank Paulson wouldn't have been in commons... he probably would've pulled off what Howard marks did with Evergrande back in early 2022. They all own DEBT and not common equity.
https://www.ft.com/content/93102a3e-943b-4828-aa9d-f85e939055fe
China's RE market going bust should be a BOOM to US MBS... they're going to want something stable and safe so money should pour into what FnF are shelling out.
Oh but she does.
The fed's current unwinding of FnF MB is actually what is driving up the spread between MBS and 10 year treasury yields. That widening spread is what is pushing mortgage rates higher and consequently what is leading to the mortgage industry pounding the table for FnF release.
Sleepy Joe needs to wake up and release FnF already.
The $800 is after a 3:1 split.
Weak.
FNMA commons to $800 🚀