Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
And that will be proof positive for anyone with any doubts that the judicial is in cahoots with the government. = banana republic
Sadly
Loaded nachos.....yummmmmmmm
May it be our last! Having mucho beer today.
Mnuchin and Calabria, the GSE blues brothers!!!
Belushi kind of reminds you of squid (MC) in that. Lmao
Carry's a big whip, follows the lyrics, stands still and doesn't do much. Lol
Exactly what it feels like to be a GSE shareholder. Lol
Yep.
Get'em bought, place yer bets, Load'em up
Raw hide! "WAAAAPISHHHHHH"
I wish the lawyers going to bat for the collins case with the scotus would read this to scotus judges. It would take maybe 5 minutes of their allotted hour, but would point out a very recent argument against the government's past shenanigans.
As I said months ago, people showing up here as events get closer, talking BS and making things up. Half short, half jps
Where is that coming from? Link? I've heard nothing about fnma buying back shares.
I still want in on the bet with kittybirdseat.
Perfect new name for California when they secede.
You know...that statement of MC's saying this will be treated like a chapter 13 reorg is just another way of saying we the government will cover our azz's. There has always been enough money being made by the GSE's to be released, as long as the government would have got out of the way of stealing everything. So talk of this being a reorg is a charade at best, my view: a joke. I'm sure many places would love to do a reorg on very profitable companies while embezzling as much of their profit as possible, thankfully that is against the law.....or is it?.
Our government - champions of do as I say, not as I do.
Just like their benefits, stock trading, and all other laws they've made themselves immune to.
I think if there is any pay back by the government it should be accompanied by 1% interest for each year in conservatorship. If this would have been an understanding at the beginning of all the law suits,,we would have known the outcome about 4 years ago.
You should sell
As good an anology as any.
You may have forgot to add...
We have have the Keystone fire brigade in Congress
Still love the crap out of that last one with Barry. Lol lol
Great article! The guy does a nice job of pointing out how EVERYONE in our government did nothing but rape and pillage these two companies who have been nothing but fall guys.
But, these two companies are a bedrock of stability for the housing market, proven twice now, even though they were being used as a gigantic slush fund and at the same time whipping boys by our inept politicians.
You really need to read that form more closely. Lmao.
Let me in on that action!
We explained this form multiple times to this poster. They do not understand at all.
Yes, some of MC twitter posts could be sarcastic innuendo aimed at various groups.
When you are in charge of a situation like this you gotta be very careful who's toes you might step on, or backs you're massaging.
Good post Sam!
GSE contracts have no anti dilution clauses.
From internet facts!
Anti-Dilution Provisions at Work
Dilution can be particularly vexing to preferred shareholders of venture capital deals, whose stock ownership may become diluted when later issues of the same stock hit the market at a cheaper price. Anti-dilution provisions can discourage this from happening by tweaking the conversion price between convertible securities, such as corporate bonds or preferred shares, and common stocks. In this way, anti-dilution clauses can keep an investor's original ownership percentage intact.
THATS 3 STRIKES, you're out. Not going to waste my time anymore.
Not facts from what I just provided to you. Maybe made up facts that fit your story?
The class gets no vote. Nope, wrong again. The existing pref's can mot stop new pref's from being issued. It's in the circular.
Voting Rights; Amendments
Except as provided below, the Holders of Preferred Stock will not be entitled to any voting rights.
Without the consent of the Holders of Preferred Stock, we may amend, alter, supplement, or repeal any
terms of the Preferred Stock:
• to cure any ambiguity, or to cure, correct or supplement any provision contained in the Certificate of
Designation that may be defective or inconsistent; or
• to make any other provision with respect to matters or questions arising with respect to the Preferred
Stock that is not inconsistent with the provisions of the Certificate of Designation, so long as such action
does not materially and adversely affect the interests of the Holders of Preferred Stock.
The following are deemed not to materially and adversely affect the interests of the Holders of Preferred
Stock:
• any increase in the amount of authorized or issued Preferred Stock; or
• the creation and issuance, or an increase in the authorized or issued amount, of any other class or series
of our stock, whether ranking prior to, on a parity with or junior to the Preferred Stock as to dividends or
liquidation or otherwise.
Look at it however you want, and play semantics with words.
You, like many pref holders have never read a pref contract.
From the government's circular for sale of non cumulative pref shares below. Your statement saying mine was false is FALSE! You really need to read your contract before blabbing what's false or true. You have no idea, yet try to control your own narrative with FALSE FLATUATED FACTS.
Preemptive and Conversion Rights . . . . . None
General
We have the right to create and issue additional shares of Preferred Stock and additional classes or series of
stock that rank, as to dividends, liquidation or otherwise, prior to, on parity with or junior to the Preferred Stock,
without the consent of holders of the Preferred Stock. As of the date hereof, the shares of Outstanding Preferred
Stock are the only shares of our preferred stock outstanding. The Preferred Stock will rank equally as to the
payment of dividends and the distribution of assets upon our dissolution, liquidation or winding up with the
Outstanding Preferred Stock.
Dividends on the Preferred Stock will not be cumulative. If we do not pay a dividend on the Preferred Stock,
the Holders of Preferred Stock will have no claim in respect of such non-payment so long as no dividend (other
than those referred to in the preceding paragraph) is paid on our common stock (or any of our other stock
ranking, as to the payment of dividends, junior to the Preferred Stock) for the then-current quarterly dividend
period.
JPS dividends turned back on 2023/2024 IF not replaced by lower dividend pref by then.
Best to change that name now to awaiting_dividends-4ever
Many companies have canceled or got rid of their preferred shares.
The GSE's can leave the jps languish until the companies can either afford the dividends (not likely on the high coupon ones), or issues a new pref paying lower.
In my view pref's are diluted right now, they are far from par. Another way to dilute pref's is to offer pref's that are senior to the existing ones, that pay dividends at the lower rate. Every pref contract says the companies have the right to issue more senior pref's, hence the government's senior pref shares. They can't fight the government currently collecting all dividends, so if government cancels their seniors but then new pref's are created that are senior to existing ones, what can current jr pref holders do? Not-a-thing
Read the original quote again....did Calabria say common shareholders?
Ya know....Selectively interpreting open ended comments is still lying.
Quote:
The shareholders will be heavily diluted when we raise capital.
from 8:13 of this Bloomberg interview.
Nothing you quoted indicates that current common shareholders cannot or will not be heavily diluted by a capital raise.
The claim only has value until they shoot it down. They will devise a way to shoot it down when they are ready to.
Our judicial system is corrupt, and the lawyers who take part in it, more so. I have no misgivings when the government is involved since they are the most corrupt in this country. You only need to see how this whole thing started and progressed to realize this fact. So put your faith in the judicial and lawyers with open eyes and a ton of caution.
Lmao, fence
We need that as all our signatures.
Spot on! The guy is a pro at obfuscating, selective reasoning, and out of context opinionating. AKA: full of crap
If Lamberth is in no hurry to hear this case and settle it, then that should tell you all you need to know.
He believes commonscould be
Oh yeah, that's an indisputable fact..lmao. You guys are so embarrassing. Even my 5 year old great nephew understands that statement better.
Yanks! I think you just gave them their next conversion perversion idea! Treasury will reward them in bitcoin! Watch, it's coming. The boy who cried wolf jps_converted will change his name to we're getting tons of bitcoin conversion. Lol
Well let's see...based on the article they've been on the job about 4 months, so any day now....correct? Oooh wait they get what 7 more months to dilly daily and that's it. Times up! Lmao
You guys are to dam literal and easily confused.
Dumb. So government dilutes themselves from 79.9 to approx. 16%....Yeah, keep dreaming. What ever they do to legacy affects the warrants also geniuses. The government is going to use that 79.9 to raise capital, bank on it. Pref's get offered conversion to lower coupon pref with lower interest, but maybe higher par value once the companies reach the top milestone. Those not converting will get wiped out at worse offer later.