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I wouldn't expect more than $4, and would be ecstatic with anything over $5.
FNMA won't see double-digits without a Reverse Split. Unless the Warrants somehow disappear (<5% chance of that). But we all know that's not going to happen
We should all be happy with another double from here since that's all that's likely to happen in the next 2-3 years.
It's Coming Amigos!!
Most scholars disagree, as do I. But that's what makes a market. I'm out at $3.20 or I get stopped out at $2. You guys can have my voting shares back then.
I'm more worried about the SCOTUS Judges forcing a Jr. Preferred Conversion in their ruling. It sounds like the Collins Plaintiffs can change their remedy request after the ruling, so they might just ask for their JPS to get Converted.
We shall see! Everyone's wrong until proven right.
FNMA Warrants exercised and Jr. Preferreds get Converted prior to or at the time of the first Capital Raise is my assumption.
Calabria, JP Morgan, and Morgan Stanley will make it so. This is the way.
Sound logic and filled with FNMA Facts. Sticky!
Indeed it is. At least one case has already been denied there (after the Judge compared FHFA/Treasury to the Mob no less).
And the Judge is almost as slow as Lamberth.
In other words, it'll be awhile.
Unless SCOTUS says we don't have Standing, which is a strong possibility considering Justice Breyer's comments.
It would be easier for SCOTUS to tell us these claims are all direct and that we need to go to CoFC.
That kicks the can another few years. It's Coming Amigos!
Glad I Sold the Pop after reading this ruling more closely.
This does not bode well for FNMA at all.
And tossed out due to No Standing after 7 months? Says "9th Circuit erred in letting this proceed."
How devastating would that be for Commons if that happens to us?
Not a good sign. No Bueno Amigos
Does it matter? If Ackman sells, then what?
Is anyone else hearing the Twitter rumors that SCOTUS might force a Conversion of Jr. Preferreds to Commons?
Come on FNMA. Show me $3.20 so I can sell these Junk shares and add to my Jr. Preferred stack.
$5 pre-Reverse Split? We're still looking at 10:1 RS, so $5 would be $50. Your math checks out!
It's the $2 Magnet that's held FNMA in place for the last decade.
It starts to wear down on people's sanity.
But don't worry, it's coming amigos
Sell the Pop, FNMA Always Drops!
I'm in the opposite camp. The longer it goes tells me the SCOTUS Judges are making sure they're going to cover everything that may come up in all of the other early-stage lawsuits (Fisher, etc).
SCOTUS will give the Judges all the firepower they need to dismiss those cases. This is setting up to reward Jr. Preferreds in a big way.
SCOTUS' ruling will crush all the other cases. Then, FHFA/Treasury only need to pay damages in Lamberth's Court to JPS.
Everyone else likely loses
No chance that happens without a Reverse Split.
Strange. JPS have brought almost all of the cases besides the one that only helps pre-Conservatorship holders and the oddball ones that are soon to be dismissed (Fisher, etc).
Are you following the same court cases as the rest of us?
Seems high risk, especially being all Commons.
I'm like 98% Jr. Preferreds and still not fully convinced SCOTUS will help me get Par.
I can only imagine how Commons must feel. Staring at those Warrants coming down the pipe even if SCOTUS rules in our favor.
No bueno amigos
Maybe if Commons get their voting rights restored they can hire their own financial advisors.
Until then, that cost is coming out of Commons' EPS
Commons need to get their own legal representation. Hume is only looking out for the Jr. Preferreds.
Thanks for clearing this up. FNMA Facts are important!
Do you think SCOTUS Judges are Shorting FNMA Commons??
That was some large volume earlier. Maybe the Judges are positioning themselves ahead of upcoming ruling.
Maybe some of the SCOTUS Judges will buy Commons as they know they're going to lay the smack down on FHFA & Treasury. That could cause a volume/price spike.
Although, anyone "in the know" would likely buy Jr. Preferreds rather than Commons.
But, the Irrational Exuberance is known to run strong in FNMA Commons. So it's possible the SCOTUS Judges will try to front-run their decision by loading up on Commons.
When can we expect to see your lawsuit challenging all of the allegations against FNMA that you've put forward?
Since none of the existing suits encompass all of your claims, it would be prudent for you to file a claim.
I look forward to reading this lawsuit. Please share the link when you file it.
Until then, only the allegations being challenged in Court matter
Due to no ruling in SCOTUS, Lamberth kicks the can to 2023.
You heard it here first amigos.
That $2 magnet is pulling FNMA back!