ANTS PRIVATE CORPORATION.
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I know these people are rididng the momo. This worthless stock will drop just as quick as it got up. I saw it last year after Cramer opened his mouth, a rally and a sell off.
jmo
thanks.
t
FNMA worse than JUNK BOND. I would rather buy Papua New Guinea BONDS. Country that practice cannibalism.
jmo
The federal reserve sells bonds and use the proceed to buy fnma mortgages that no one wants. That is the fraud that keeps the rates low even though the mortgages are full of risk because of no to little down payment own a home schemes. In ASIA they actually call these tactics a government scheme. They wouldn't use it here because it has a negative tone. The feds is creating another bubble ready to burst.
jmo
He did not actually recommend it. He would recommend it if they can securitize and sell the mortgages to the public or private investors. THE PROBLEM IS NOBODY IS BUYING THEM. SO WHO IS BUYING THEM...THE F'ING FEDERAL RESERVE. INVESTORS LOST SO MUCH THAT NO ONE IS WILLING TO BUY THEM EXCEPT OUR OWN STUPID GOVERNMENT. If you dont know this then you must do a real DD and not what CRAMER could have would have scenarios.
jmo
I sold fnma and freddie macs preferred at 25 a share. Most of them are worth less than .25 cents. The common stock should be worth less than that. I dont have to explain anything to you. Go ahead and losse your money. The shorts will thank you later.
jmo
That will depend on what priced you pay If you paid a quarter, then you doubled your money and you should run. FNMA is going to come down where they belong. In the single digit.
jmo.
let the selling begin....
jmo
Criminal is a very strong word to use. BCCI CEO is maybe the ultimate criminal. jmo. Check him out, you will be surprise just as me that he is allowed to operate.
jmo.
I do hope you make a ton of money from this momo players. GLTA to you.
jmo
AND BCCI file with SEC. NO! SO why the SEC dont shut the CEO who has a history with penny companies.
jmo
They already are. Wha many people here dont know is how fannie and freddie is being financed right now. FHA issued a new preferred shares for fannie and freddie to continue operation. Therefore, this current shares being traded is now 4th in line behind, FHA preferreds, bonds, old fnma preferreds and then the common stock. There is completely no value here whatsoever. Tim Geithner said it, Blair said it, OBAMA said it. Even the FHA said there is no value here. What else do you want. Buffet to say it too!
jmo
First, I disagree with all 3 of your points. Fannie and Freddie are worthless. The creditors are owed 60 billion plus. the company is valued at half a billion. Once liquidated....there's nothing to liquidate.
OBAMA wants fannie and freddie shut down because they have become like entitlements. Allowing people to buy with no down payment is a serious flaw in the way fannie and freddie works. Buying a house is not like buying a car. I dont know why they think they can finance a house like a car. Its just bad business. But who cares, Uncle Sam will bail them out. Yah right! at whose expense? you and me.
Fannie and Freddie must be shut down.
jmo
Listen Fannie and Fredie has negative value. They owe more than 60 billion dollars. The company is worth half a billion. How the hell are they operating...because the politics cannot agree on the new program. The FHA is managing this two defunk companies. The government cannot keep supporting this bad program. They must support the property insurance companies in case of mortgage default. Fannie and Freddie cannot act as guarantor, they are bankrupt.
jmo
whats going on with SEC??? why are they letting BCCI continue to trade? Its a complete Fraud. They shut down GTGP and ANTS whcih look very legit companies and they dont do anything about BCCI. SEC must check BCCI.
jmo
crap shoot! Non of what the management ever happened. SEC will suspend this POS soon.
jmo.
The big news willbe the SEC suspension of this POS and Fraud company!
jmo
it is not made up! it is published so that investors will be informed what theyre getting into. The momo is done. The truth evetually will prevail here.
jmo.
Fnma will be at .007 and you will never see 70 again because by then FNMA will be delisted altogether.
jmo
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=3&cad=rja&ved=0CEUQFjAC&url=http%3A%2F%2Fwww.huffingtonpost.com%2F2011%2F02%2F11%2Fobama-fannie-mae-freddie-mac_n_821824.html&ei=F-RHUfrKMavliwKQjoDgAw&usg=AFQjCNEGWMHo9KUq7h3EcLJAF645hLONIA
Even President Obama calls for the END of fannie and freddie. Read UP.
jmo
YOU ARE DREAMING! LMAO! It only exist because they still need to payoff all those losses. Once they are paid off. FHA will shut them down. You are too funny.
jmo
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=1&cad=rja&ved=0CDAQFjAA&url=http%3A%2F%2Fwww.incharge.org%2Fmilitary-money%2Fstory%2Fbargain-hunting-for-fannie&ei=CdhHUefPJovPiwKysYDQCQ&usg=AFQjCNEDrcWAuOgJjUlJaD8XO9pucPZAKw
this would be another reason not to invest in fannie and freddie.
jmo
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=3&cad=rja&ved=0CEEQFjAC&url=http%3A%2F%2Fwww.nasdaq.com%2Finvesting%2Ffannie-mae-and-freddie-mac.aspx&ei=CdhHUefPJovPiwKysYDQCQ&usg=AFQjCNG6c4k7259e0HPjojKSSuin-POsig
this article may help explain why freddie and fannie are worthless companies.
jmo
Then why government officials keep saying that fannie and freddie are worthless companies. In fact, all of their profits are being taken by Uncle Sam. ALL OF IT! Nothing is left for fannie and freddi investors.
jmo.
Now they claim a NASDAQ uplist? The bigger the LIE the BETTER!
where is the 100 stores per year growth?
where is the tully's acquisistion?
where is the ice cream?
where is the reality TV show!
SEC! SEC! SEC! LIES LIES LIES. BCCI IS FRAUD!!!
jmo
FNMA hits .50 today! WOW!!!!!!!
been almost a year. no ice cream. SEC suspension coming up.
jmo
All I remember was buying this POS when Maria Bartiromo interviewed its CEO on CNBC. I bot it for that publicity at about a dollar. I put 5K and today it is worth 2.50 cents. This was so bad, I had to keep it because it would cost me more to sell this. A reminder that CNBC or Maria Bartiromo probably was paid a lot to have the CEO on the air for less than a minute. That is how I took it. SCAM can go to CNBC as long as they pay. No doubt a scam. Yes I am still a bagholder. lol!
jmo.
Added more in my stock pile. In at .395 Topped it. Damn. Bot it last quarter for .25 cents. FNMA should be at least a billion dollar company. easy double from here.
Now SEC cant touch this.
jmo.
WOW!!!!
Regardless of the decision to release or not release the valuation allowance, we expect to report significant net income for the three months and the year ended December 31, 2012, compared with a net loss of $2.4 billion for the three months ended December 31, 2011 and a net loss of $16.9 billion for the year ended December 31, 2011.
jmo
yah! the SEC may suspend this on monday. No way I will be caught holding this POS over the weekend.
jmo
LMAO!!!!The only people making money here is the management from all the PR LIES.
jmo.
common! You know me long enough. Been here when only a few where posting. You and I know that nothing ever materialize with this company.
jmo
do your dd.... youve been warned..... future bag holders abound...
jmo
LMAO????GLTY!!!!I wouldn't be caught with this POS over the weekend. SEC can step in anytime. Suspension next!!!!Management is using the stock as their ATM. Look at the A/D line. The chart dont lie.
LMAO???huh!!!
jmo