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If your cost basis is sub 3 dollars I would be careful chasing gains like that.
So making 45% yesterday would be = to losing about 27% today. That would put us about even.
Anyone else not sleep well ha.
On paper it has. I hope this is it. But many of us have seen 4+ dollars several times in the past 5 or so years.
I'll hold no matter what. Enjoy the ride.
The score card has been updated. Thank you for your feedback.
En Banc - Check
Positive Government Plan - TBD
Up listing - TBD
Recap Plan - TBD
It is the highest since 2017 when we ran up 4+ per share for about 15 minutes I think 2014 we hit 5 per share for 5 minutes. I hope you are right. Truly.
En Banc - Check
Positive Government Plan - Check
Up listing - TBD
Recap Plan - TBD
I'm cautiously optimistic. We are at highest price in years. But after all these years it'll be hard to accept that it will hold. I would really love a relisting.
Can this board hit 1k posts today?
Looking forward to seeing 60 million + volume like we did a few years ago on the run up to 5.
Where's Arnold?
Are we all guilty of insider trading after hearing this breaking news?
I've always agreed with what you just said. 10 Million US dollars is nothing in the grand scheme.
Interesting, if Navy set up an LLC he would be on this list!
You all are absolutely insane to think this will be resolved in the next 6 weeks. It will be slow and steady. If you have more than 20% of wealth in this thing you really need to reevaluate.
You know better than anyone, that video is not relevant anymore. That is ancient history at this point.
That was an odd start to the week. I don't think in 5 or so years of following I've seen such an odd turnaround in first 30 minutes of trading on no volume.
Ha I agree with that. My sarcasm wasn't thick enough it turns out.
Really strange afternoon absolutely 0 volume on the stock since returning from my lunch. Have MM stopped accepting trades? No one can know for sure but tomorrow could be a big day for the PPS.
What is the general consensus on en-banc release? Am I correct in understanding that they have ruled just haven't published yet?
Good feedback. I'll try to do better so I can gain your approval. It really means the world to me.
Not one for conspiracy theories. But this Bloomberg article is interesting.
Would be interesting if the administration owed the GSE's one.
"Warren Asks If Kushner Got Special Treatment on Freddie Mac Loan"
(Bloomberg) -- Presidential candidate Elizabeth Warren and another Democratic senator are asking whether Kushner Cos. “may have received special treatment” on a U.S.-government-backed loan of about $800 million.
Jared Kushner, the former chief executive officer of Kushner Cos., maintained ownership of some assets associated with the real estate company while divesting others to close family members when he became an adviser to his father-in-law, President Donald Trump.
Kushner’s status, combined with the size of the loan backed by federally chartered Freddie Mac, raise “serious questions about conflicts of interest and whether Kushner Companies may have received special treatment” from Freddie, the senators wrote in a June 13 letter to Freddie’s chief executive officer, Donald H. Layton. They noted that there was no specific indication of any wrongdoing by Freddie in the matter.
The letter follows articles by Bloomberg about Kushner Cos.’ efforts to seek the loan, and another about having obtained it last month in a transaction with commercial mortgage issuer Berkadia.
A spokesman for Kushner Cos. said all of its debt is bid and obtained through a competitive process. “Kushner Companies has done extensive business with Freddie Mac and Fannie Mae for decades, and the insinuation of any favorable treatment is ridiculous and totally false,” the spokesman said.
Spokesmen for Jared Kushner, Freddie Mac and Berkadia didn’t immediately respond to requests for comment.
Peter Mirijanian, a spokesman for Jared Kushner’s lawyer, has said previously that Kushner follows an ethics agreement and is “walled off from any business or investment decisions and has no idea or knowledge of these activities.”
The $800 million loan will be used to buy apartments in Maryland and Virginia, in the Kushner Cos.’ biggest purchase in a decade. The arrangement increases the government’s exposure to the company, which had more than $500 million of government-backed loans when Jared Kushner joined the administration.
The letter, which was also signed by U.S. Senator Tom Carper of Delaware, requests a full timeline of the application and approval process. It asks which officials at Freddie were involved in issuing the loan and whether Jared Kushner or other people affiliated with the family company communicated with any Freddie Mac officials about it.
Let's hope those ideas don't end up in the dump.
That's probably the worst news I've heard in awhile. Nothing will happen
He's a young version of Mel Watt before Mel reliezed nothing he did mattered. Expect drop in PPS today.
Thumbs up brother I long for the day I no longer need to check this bored. Once this is over let me know what the next 10 bagger will be!
Yeah I agree. But then what do they do with future profits? Dividend? What does a dividend take the price to? Maybe 18-20...
You think they are going to issue 100 billion shares at 1 dollar each to recap?
I thought you were smarter than that. Who in the world would buy that...
The most exciting thing goin on with FNMA is waiting to see if zRide will cover in the money. Really hope that en banc is worth that wait.
I think he is referring to their share price. He constantly refers to a companies recent share price as a indicator of how they are doing.
to the conservatorship of mortgage giants Fannie Mae(FNMA) and Freddie Mac(FMCC).
Navy can you reply to this post what something from the past that describes the En Banc. I always get a little confused on what this is.
Posts 451 through 500 is like looking at a mirror of current day posts. Insane.
It's pretty interesting if you go back to post 1 of this board from 2008 and browse through a couple hundred posts... Even more interesting how closely current posters mimic the words spoke from back then.
Here's a serious question I bought most of my shares 6-7 years ago... mostly FMCC... should I convert all to FNMA? Right now I have about 60% FMCC because I was young and wanted the cheaper option. I'd probably end up with less shares but is that a better option?
Protect your shorts! Against NK Stocks!
So worst case is looking like government exercises it's warrents and then issues another couple billion shares to recap? Either way without court intervention I don't see us breaking past 20 a share upon release. Hope I'm wrong. But honestly I just want it to be over one way or another
Awesome thanks for the lesson. And let's hope they don't do that...
Is my understanding incorrect?
There are 1,158,077,970 outstanding shares...
Government owns 79.99% of those shares or 926,346,568...
Leaving us bag holders 231,731,401 shares to own...
Or is it they can call in 79.9 percent if they decide to?
People here can complain all they want but if they think commons go 100+ free and clear they are insane. This thing is gonna overshoot it's market price by maybe 20 percent, it'll be hard to call that but if you holding for 100 plus you'll for sure miss out .
I would hope for recap.
I say they issue 2 billion more shares putting us at 40-60 a share I could live with that.