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.
There is a big chance, that warrants wouldn't be exercised in 2028 or earlier, but postponed until 2040/2050.
Don't You see, it's a strategy how to handle FNMA/FMCC.
I'm surprised why nobody talks about human factor. In 2012 FNMA had 12,000 shareholders,
as of 2023 this number shrink to 8,000. By 2040 it would be probably 4,000 shareholders. By 2050
majority of shareholders wouldn't be alive.
May be this is a purpose of dragging Fannie and Freddie case indefinitely. And You are the one of these shareholders and still doing nothing to change it's current status. Think about.
I'm surprised why nobody talks about human factor. In 2012 FNMA had 12,000 shareholders,
as of 2023 this number shrink to 8,000. By 2040 it would be probably 4,000 shareholders. By 2050
majority of shareholders wouldn't be alive.
May be this is a purpose of dragging Fannie and Freddie case indefinitely.
In 2021 FHFA included FNMA/FMCC to the Draft of the 2022-2026 FHFA Development Plan.
But this item had been dropped of the 2021 final version of the above mentioned Development Plan,
and therefore leaving FNMA/FMCC in limbo.
And this is critical to the shareholders.
In addition, since FNMA/FMCC are not included into 2022-2026 plan to release them, it looks like
nothing would change at least until 2025, or even further until 2028.
Two years ago it was announced, that documents recovery is finished. Agreed by both teams.
Some of the shareholders( aka FMCC common) are a participants in the lamberth court. And what we need to do is the following: request to organize a conference call with the plaintiff's legal team. This is a chance to do something. Please respond.
Agree. plantiffs legal team doesn't do even a minimum of what is required. And stakeholders
are silent
See the below message. It could one of the reasons, why investors don't want to buy FNMA/FMCC.
Lamberth entered an opinion and an order today denying the requests concerning supplemental expert reports, telling the jury about reliance damages, and a jury questionnaire.
I'd like to hear plantiff's legal team opinion regarding this decision, but this team wouldn't do it. For the last 8 years this team accept everything what is being told to them, and continue to fail again.
Would be glad to hear shareholders opinion.
Treasury’s liquidation preference/receivership, it's a fairy tale for kids. It's obvious: either 2025 by Trump or wait until 2028.
Judge Lamberth approved the two-week extension to file papers concerning Dr. Mason’s testimony the parties requested last week
lamberth case will require totally different approach by a plaintiff's team. plaintiff lawyers should be proactive and not afraid of lamberth
FHFA filed two the Class Plaintiffs filed four motions last night asking Judge Lamberth to make pre-trial rulings about what the jury will and won’t see and hear in the second trial. The public filings ask Judge Lamberth to:
— limit Susan McFarland’s testimony;
— prohibit witnesses from describing PSPA funding as a loan;
— restrict testimony about dividends payable to junior preferred shareholders;
— contract testimony about payments made to Treasury following the sweep;
— rule the Stegman Memo is inadmissible; and
— allow the jury to see additional materials reflecting FHFA and Treasury’s motives.
who says a dividend of $0.28? where do you see it. there is no proof to it
Even 5th circuit in 2019 came up with a comment, that in 2014 Lamberth's decision was not 100% correct,since it didn't address shareholders reward. Plaintiffs legal team had to ask
for his replacement at the upcoming trial on July 24th. I even didn't mentioned all of unnessesary
delays, that created endless trial.
This is funny only for the persons,that are not shareholders
Shareholders need to get together in Washington on July 24th,when Lamberth court is open. Let's discuss what could be done.
Unsatisfactory performance of the Plaintiffs Legal team and Lamberth failure since 2014 and continued today, created a situation when FNMA/FMCC shareholders were put into the corner. Raise your voice, write Your local congressmen,contact Plaintiffs Legal team. Just don't be silent.
Shareholders need to participate in the Lamberth conference on July 10th in Washington.
Unsatisfactory performance of the Plaintiffs Legal team and Lamberth failure since 2014 and continued today, created a situation when FNMA/FMCC shareholders were put into the corner. Raise your voice, write Your local congressmen,contact Plaintiffs Legal team. Just don't be silent.
Like many of us, as FMCC shareholder, I'm a participant in the Lamberth court. And it
confirmed by the letter received,contact names and phone numbers provided . And therefore I'm going to talk to the Plaintiffs legal team, send an e-mail, and address the concerns shareholders have.
I completely disagree, this is a jury trial not Lamberth trial, and we shouldn't allow him to do
this. Shareholders already waiting over 8 years after his first court decision in 2014, which even 5th circuit recognized as mistaken for not awarding shareholders.
If it's expected that Lamberths comments and rulings comments and rulings would be same, Plaintiffs legal team should request his replacement. Period.
Shareholders need to contact Plaintiffs legal team and ask for it.
As court participants,we could request a lot of things and apply a pressure on the Plaintiffs legal team.
If it's expected that Lamberths comments and rulings comments and rulings would be same, Plaintiffs legal team should request his replacement. Period.
Shareholders need to contact Plaintiffs legal team and ask for it.
Thanks
Even Lamberth court is scheduled to open on July 24th, neither Pre-trial Conference nor Jury Selection not scheduled yet. Contact Plaintiffs legal team and put some pressure on them.
13-cv-1053: FAIRHOLME FUNDS, INC. et al v. FEDERAL HOUSING FINANCE AGENCY, Judge Royce C. Lamberth 07/24/2023 10:00AM Courtroom 15- In Person Jury Trial
13-mc-1288: IN RE: FANNIE MAE/FREDDIE MAC SENIOR PREFERRED STOCK PURCHASE AGREEMENT CLASS ACTION LITIGATIONS Judge Royce C. Lamberth 07/24/2023 10:00AM Courtroom 15- In Person Jury Trial
Contact Plaintiffs legal team and demand from them to do their job, so far it's a weak
and not responsible effort
It's my understanding a NEW class action flyer is not required, it's the same case.
Plaintiffs legal team needs to do much better to defend shareholders. If Lambreath will continue
fixing the outcome, shareholders do not need such a court, and should ask for Lambreath
removal. We need to call and write to the plantiff's legal team and demand it.
RickNagra, Don't be so naive:
Nothing could stop the team, that created current situation of FNMA/FMCC functionality. The warrants come into play in 2028, but it wouldn't surprise me if it would be postponed until 2035,2040...( to be continued).
Nothing could stop the team, that created current situation of FNMA/FMCC functionality. The warrants come into play in 2028, but it wouldn't surprise me if it would be postponed until 2035,2040...( to be continued).
A decision was made long ago by other people, and the rest just playing with words, and not intended to do any actions to release the twins. Completely useless people without their
opinion and role.What a shame.
A decision was made long ago, and the others just playing with words, and not intended
to do any actions to release the twins.
Talking about Lamberth Trial in July. Possibly It would create some minor increase in PPS and a peanuts reward to the shareholders,but it wouldn't have a major impact on PPS.
There is an old Uzbek expression: someone could 100 times say candy,but it does not mean
he would feel it taste. The same apply to SPSPA to common conversion.
I do not envision any major move of FNMA/FMCC PPS prior to 2025. Could be some increase of PPS later in 2023,after Lamberth court completed.
I don't expect major moves of FNMA PPS prior to 2025. Let's wait and see what would happened.
Shareholders should contact the Firms that hired these lawyers.
The Firms should replaced them completely or at least partually.
To be aware: PUMP and DUMP scenario. $0.40 - $0.48 range and back to $0.40. Volume 1.2-1.5M. Occurs once a month.
Q. What could we do to to stop this PUMP and DUMP activity? Please advice
Today's Chg ($): -0.0136 Vol: 636K
To be aware: PUMP and DUMP scenario. $0.40 - $0.48 range and back to $0.40. Volume 1.2-1.5M. Occurs once a month.
Q. What could we do to to stop this PUMP and DUMP activity? Please advice