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I appreciate that. Thanks bud. God bless America!
Yes. So we're in good company.
Strong conviction in this trade and anything one might do in life is a necessity to remain unshakable.
JMO of course.
Thanks Navycmdr
Still holding. Still adding.
Looking forward to what is yet to come.
9 days until trial. 27 or less until a verdict.
I'm good.
Thanks Navy, for the posting..
Added FMCC @ 0.53. THANKS in advance "Mr. Market"
With love,
M I A
I am an honest person. So I speak truth.
I like having everything out in the open.
We have to read 10 cent scenarios often.
Are we to leave that out there all alone.? No.
So I spoke my truth, not an opinion.
I am 100% common. And I will not lose.
Matter of time friends. A matter of time.
Sweet! I'd like to thank:
"Mr. Market"
And especially
"Smart Money".
If not for them I wouldn't be here.
Thanks again. I'll make you proud.
No luck needed. FACTS.
Facts: I'm 100% C. I will not lose on this.
Current Pps of jp and common mean nothing.
Market is unaware, unable, and/ or untrusting to buy these companies right now. Plus they are scared money right now with their money in the markets currently.
Real actionable news from a verdict, not from speculation, will move these stocks.
Then the "market" will be aware.
Then they will be trusting. And not scared.
These stocks shuffle back and forth. Hanging in a range. It's anyone's guess why or who is buying and selling. It doesn't matter. It is not an indication of anything good or bad.
We will know when something happens. It will be unmistakable.
When it was hanging in the 2's (common) before scotus.
It meant nothing.
When scotus released a bs ruling. It meant something bad and it was reflected in the price drop.
If hanging in the 2's prior to scotus was a sign, then why wait to sell after verdict. Should have sold before ruling and switched short. Then covered and went long.
No one did it because nothing happened to suggest it.
Same here. When something is actually happening. Pps will reflect it. Not before. Otherwise you are a psychic. So congratulations are in order.
Just remain calm and be appreciative of pps of jp and common shares. It's a gift. Say thank you and wait patiently. It will be beneficial to do so.
Warrants canceled. Govt been paid. Let's go Lamberth.
I understand warrants weren't mentioned in Lamberth, so no need to remind me.
Because it's
Just My Opinion.
Holy crap!
Thank you for your service. Absolutely amazing.
Thank you for your board contributions as well.
Has anyone read footnotes no. 9 on page 29 yet?👀$FNMA $FMCC pic.twitter.com/FGBbMScLNF
— José E Burgos Lugo, PA (@TheBurgosGrp) October 5, 2022
This is an odd response to my BOOM! post.
To say you told me so?
But, yeah you did.
I guess a BOOM! is in order.
BOOM!
Let's go Lamberth!
Still holding!
29 days or less for a Lamberth ruling.
Gov has been paid liken a payday lender. - a judge
Just added more @0.5184.. Easy decision. Will look to add again.
12 average Joe's vs a few elitist judges deciding my fate. I'll take it. Like I have a choice, right?
JMO
Now I gotta go to work! Thanks scotus and Rop.
I have challenged it, but you probably meant with lawyers and stuff, huh?
In that case. I don't know.
Sorry. The humor hides the hurt.
No corrections needed. That is what I read. Whether it's true or not is another matter.
Yes, it appears we wait longer.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170105067
I think this is what you are referring to.
Incredible advances are being made every day. We could see 125 year old life expectancies.
Wait. That might not be good enough.
But seriously, I get it.
YOU
ARE
NOT
ALONE!
4 Months for this? Corruption at it's finest. 12 jurors should be a lot better than a few corruptible judges.
I hope anyway. Lamberth jury should be obvious to make the right call. I guess if they messed with us, at least we won't have to wait several months to find out they messed with us.
I'm disappointed, of course, but still holding and adding at these prices especially.
Good luck to us all.
JMO
117 days for B.S.? Thanks rop. Corrupt!
So what did they say?
That Demarco was defacto and then became insulated. Which in turn made him unconstitutional? So there is possible damages?
F u Rop!
I disagree with 10 cents pps commons with wins in rop and/ or Lamberth.
That's it.
100% commons. I'm not worried how well I do. Are you?
Jmo
The post you replied to had nothing to do with Pagman.
In a different post Pagman was mentioned, where aside from my own thoughts on warrants, it seemed similar to my thought. Which was: without NWS, Sp would be officially paid back and excess toward recap.
And the warrants being tossed was something I said SHOULD happen. I didn't mention Lamberth had the warrants in his case. This is a separate idea I believe could result from a favorable ruling in Lamberth or Rop and not necessarily because those courts ruled it to be so.
This is exactly why I say it's just my opinion.
It's been re- re-re-reevaluated many times. I'm good.
Plus it was based off a win and not losing. But anyway.
If Lamberth and/or Rop win.
There is no chance in hell commons are 10 cents, while preferred get par.
But if you truly believe that than it makes sense why you might stick with jp.
I don't believe that at all. So 100% common. But thanks for the response.
JMO
You're right on the money. Now let's get twelve just like you to sit in Lamberth's courthouse. 14 days to trial and counting.
It's been long enough.
Thanks for response
I don't know about Pagman flipping and flopping, but in that tweet seems to be in line with what I'd be expecting at the least and what collins had originally asked for in scotus.
Which was:
Revert back to the original 10% and seniors would be deemed paid in full and the overage of $27+B returned to the companies.
In that scenario Jp would soon be getting par and commons would avoid any sp conversion dilution mumbo jumbo.
Jp would be top of stack.
No need or reasonable thought would suggest that absent the 3rd amendment would have excess money to pay dividends to anyone or to buyout jp at par. That would be speculation.
If FnF are undercapitalized and we still had sp outstanding at the time of the sweep then why if the sweep never took place would top priority be to pay jp par while still owing the govt sp + interest and the need to fully capitalize?
Even without NWS, FHFA would never have allowed such a thing. They would most likely have paid as fast as possible to square the govt and have moved on to recapping the gses as fast as possible. Why would the FHFA(GOVT) care to give dividends to Jp or common before debt settled and full recap?
Why would govt use funds for jp par buyout instead of sp debt and interest and FnF recap? The FHFA wouldn't.
They care to take their cut first.
2nd recap companies to safe and sound to protect taxpayer.
3rd would be cap raise for the rest.
4th return to market.
5th Jp and common start to make back on their investments.
Thinking otherwise makes little sense. Considering how selfish govt is, we shareholders would be an afterthought.
Not a priority at all.
That's my thought on the matter anyway.
Fhfa is on trial as well. And fhfa is the govt. And they made these decisions. So FHFA/ govt should pay overage and deem sp paid. That is where we would be.
JMO until Lamberth or some brave judge makes it FACT!
The expectancy is that the sweep should be negated - a recalculation of the payments to treasury to be credited against the senior pfd. They would be declared paid. The excess will be paid in as additional capital. The entities will be very close to full capitalization. Common+
— Tim Pagliara (@timpagliara) October 2, 2022
B O O M!!!!!!!
Yes. It would put us on a course to freedom in a short amount of time. With dividends to follow on top of massive pps appreciation.
I'd like FHFA (on their own) to recognize that the cap requirements should be lowered to 2.5% and consent decree issued for immediate release with stipulation we reached certain levels before paying dividends. That would take just a few years to reach full dividend level. And would take away a need for dilution from cap raise.
I'm optimistic where we are at. I'm looking forward to this ending. Everybody would benefit and most, if not all, lawsuits would stop. Exception to Kelly case where the govt sold him $1B worth of preferred and then he lost when shtf.
Thanks for response. Appreciate any thoughts you might have on this post or anyone else reading.
JMO
Sp/Lp would be officially paid off.
We'd have more money in retained. So a return of $27+B to FnF.
And warrants look like a joke of a deal so they should be canceled. Unless they compromise and let govt keep the $27+B in exchange for canceled warrants.
I know we are owed more, but that is at least where we'd be without the sweep.
Sp/Lp gone. Warrants canceled.
$27+B returned or exchanged for warrants.
So no money changes hands.
That is where we'd be.
IMO
FHFA : Lower cap requirement to $180B.
Consent decree release with stipulation we withold.
dividends until certain cap percentage is reached.
TREASURY : Write down LP to zero/ deemed paid. SP gone.
Keep $27B overpayment in exchange for warrants.
FNMA / FMCC : Leave JP to trade on open market to receive.
full par. Once a % of cap req is reached.
reinstate dividends. As well for common.
So by 1st quarter of 2023:
FnF.hold $100B positive on the books.
Sp/Lp is gone.
Warrants are gone.
Jp is taken care of.
Common is taken care of.
3 to 4 years of earnings retention to reach full cap levels and full dividends.
No dilution needed. We all get fair value with dividends to follow. Government does not get into trouble or return any money. Govt will have made $83+B interest + $27+B warrants along side the TBTF settlement money they keep. After being repaid principal amount back.
That's FAIR, PRACTICAL, LOGICAL. But it's also the govt. So.......What the hell? I just solved a problem. Even though this whole c-ship is a sham and govt should return all money and be held accountable publicly, I am willing to compromise.
Whatever.
It's JMO.
Amazing and horrific at the same time.
Good post.
You're good.
No apology needed.
On lunch break, saw your post, figured I'd respond.
See everyone later. 4 hours left til end of workday.
Thanks again.
Added @ 0.545 Freddie. Thanks Mr. Market.
This is gonna be sweeeeeeeet!
How's everyone doing? Well, I hope.
Off to work. Come on Rop / Lamberth! LFG!
JMO
I didn't no one else thought what I thought.
Didn't say I was the only one.
Being a Billionaire means nothing to me other than a number more than I have.
And no amendment needed because I never said you did or didn't say anything. I never referenced you at all.
I don't know, but maybe you responded to the wrong post.
No, I don't think they cared. Which is what I said in the post. From several months ago, I, along with a few others, knew that it wasn't going to happen before midterms.
No matter how much begging some did. By offering up more theft from common holders through sp conversion and warrants to be used to buy votes. It wasn't going to happen. The gov loves the power.
And yes, even after midterms, if current admin acts it would be because of court ruling or court pressure behind the scenes.
Agreed.
Clock is ticking on gov. We've shown we're not going away without a fight.
LFG
Thanks for your post.
JMO
I say, I called no action before midterms.
All the talk of tangling warrants in front of government to get this to end. Trying to coax them along with sp conversion and warrants to use for bs "affordable housing" " build back better" malarkey. Ha! They did nothing. As expected. A new administration or threat of courts was our only chance.
I know I am not the only one who thought this way.
The speculation that gov would steal through warrants and conversion to help buy votes was plausible, but wasn't going to happen. That was my thought anyway. And it happened exactly that way. They love the power and they have tons of other issues on their plate to have acted.
Status quo = Power
Government's desire.
JMO
Are you referring to the rand Paul letter because I am unaware of a letter to Graham?
And Rop is about Demarco passing the two year limit ( he was there 3 years unconfirmed) when he signed the 3rd amendment. So he lacked the authority to sign. So null and void the 3rd. That is what Rop was concerning.
Let me know if this helps
I hear you. So I'm thinking a loss is more corruption because it's so obvious. That to rule against us can only mean one thing. Kind of like losing in Lamberth. If we show emails and jury still says, "sorry, I don't see a problem at all" or Lamberth tosses most evidence and either or result in a loss. = CORRUPTION
But that's me.
Thanks for response
JMO
Why does it look that way to you?
Give me a reason judge might come up with to explain allowing this to happen without setting a bad precedent. If you don't mind.
Or is it that you believe it seems bad because of how long it's taking?
Thanks