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2007, months before the conservatorship, cash flow was not positive.
If the company is forced to recap using the same amount they borrowed ($117b), which is highly likely in my opinion:
$12.31b NI x 14.62 PE = $179.97b Mkt cap
$179.97b - $19.13b pfd's = $160.84 mkt cap attributable to commons
$117b recap assumption
$117b / $160.84 = 72.74% weight of recap
100% - 72.74% = 27.26% weight value of total shares
5.893b current shares out / 27.26% = 21.62b total shares required
$160.84b / 21.62b = $7.44 pps valuation
Beats pulling a number out of thin air.
Conservatorship can't be ended by his signature. The 2016 omnibus says it can't. Nothing wrong with Watts competency.
He's the only reason the GSE's haven't been put into receivership. If he had not shed the risk they had on the books, they would have been in receivership two years.
No he hasn't.
It was in an entire year. 2014. They didn't produce 100k in one quarter.
No they won't. Even if they are, do you assume a recap won't be required?
It's not worth $60 pps unless you assume there'll be no recap and warrants will be canceled.
When a spokesperson speaks, they do so under the direction of who they represent. That's the entire purpose of a spokesperson. The spokesperson for the president speaks almost on a daily basis. Guess why?
It's probably a huge conspiracy. ;)
What do you think a treasury spokesman's job is?
Just because you didn't hear it, doesn't mean it didn't happen. This is a good example of the difference between our research capabilities.
http://www.housingwire.com/articles/40072-treasury-mnuchin-never-claimed-fannie-freddie-money-specifically-funded-obamacare
There is no difference whether it came from his mouth or a Treasury spokesman. The entire purpose of a spokesman is to clarify things that were stated. ?????
Source: https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/51385-healthinsurancebaselineonecol.pdf
That's a long way away from $78b.
I don't disagree with that. That's a large part of it.
Working in government is a very diplomatic job. You don't make decisions without thinking them through and you certaintly don't act spontaneously.
ObamaCare costs taxpayers annually more than the GSE's have paid in total since 2008. The ObamaCare argument makes no mathematical sense. Sure it's possible that the funds, because they were thrown into the general fund pile, were used to fund it. Makes no sense however that without those funds ObamaCare couldn't exist. ObamaCare costs hundreds of billions per year. Far more than the GSE's have paid.
He didn't create the capital buffer. His job is to enforce the contract Treasury created. You're focused on the wrong entity.
Watt hasn't changed his position since he became the director.
I agree with you 100%.
Valuation
Morningstar Metrics:
Current share price: $0.072 pps
Industry Average PE: 58.8
Industry Average net margin: 15%
Shares Out.: 145,814,222
$0.072 / 58.8 = $0.0012 (EPS)
$0.0012 * 145,814,222 = $174,977 (Earnings)
$174,977 / 15% = $1,166,513 (Revenue)
In order to justify a $0.07 per share price based on the industry Average metrics, nanologix would need to produce over $1 million in revenue per year. According to the latest update, the company just produced it's largest order for several THOUSAND dollars worth. That's a long way away from $1 million.
Nanologix is extremely over-valued
Oh, I assure you it is; on both accounts.
The split second transactions market makers utilize is above your understanding. Nanologix has added nearly 45 million additional shares in the last 10 years. Your idea of "little to no dilution" is a fantasy.
Nobody shorts a penny stock. Time to learn about the industry you participate in. Call your broker and ask him to short some shares. He can't.
The yieldcos have nothing to do with SunEdison.
Companies can't pay dividends when they're in bankruptcy. It's the law. Must be your first time investing. A calculator and a bit of intelligence will tell even the high school drop out that there's no equity left over.
Exactly. It's been one month shy of 10 years. Isn't a company on the planet I've ever witnessed that took 10 years to get off the ground. Not one.
That has nothing to do with what I stated. Again, the petition says nothing. It basically asks you to sign a blank piece of paper that states nothing. Read the petition. Provide an example within the petition where it states its objectives. There are none. Lol.
Don't think you understand the question.
Name ONE thing the petition asks the court for. Lol.
The petition is so generic that it actually doesn't say anything. A complete waste of effort. The judge will simply throw it in the garbage because it doesn't say anything.
I know what it is. It was about a small sale. Do you believe that everyone should be positive about a few thousand dollars?