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Another way to look at it....
20 shares priced at $50 = $1000 investment
PPS dumps to $1
PPS value 20 shares is $20.
Reverse Split occurs to get a share value to $20
Which is short $ 30 PPS of the $50 PPS you paid.
However, to move the PPS to $20 , 19 of shares are removed from you leaving 1 share for you valued at
$20 .
You have a portifolio still worth $20 but the number of shares reduced 19 shares.
To get your investment even, that 1 share has to rise $980 . What is the odds of that occurring in your life time.
Hope you understand it is a screw job performed on shareholders
AIG was trading 1.25 PPS before split. After split it was 20 plus PPS. A lot of shares removed to raise price to relist.
Go back on his post where he named the Travalers as the supporters of a utility model. What the hell would one do that? Leaves one suspect of yanks intention. Oh, he did mention Howard and Rosner in his list.
Nothing like reflections. What kind of message does public send when finds out John Paulson made billions from inside information , John Paulson Destroyed many lives shorting FnF into hell. John Paulson purchased millions of shares at the bottom after the disaster , John Paulson put together Moelis plan that screws remaining holders who have waited 10 years without justice, and Moelis assures John Paulson will benefit greatly in the billions. Finally, he was instrumental in getting trump in the White House. If that is not enough, I am sure a certain political party will come down on those with many investigations and hearing. Trump can stop the ACA PAYMENTS, Trump can set up release from cship and recap and relist , and trump can take the case to public. BUT..... IF TRUMP ALLOWS OVERWHELMING FAVOR TO JOHN PAULSON preferreds and shortchanged common , Bill Ackman, Capital Funds, etc., it will be hell to pay. Been in these political situation many times in corporate American. For Trmps sake and America Great Again , stay away from any arrangement that favors one side against another.
How about the books and APA and other unquestable evidence released to back charges . Otherwise , it gives the libs to divert and avert focus.
Wonder why Veterans (pro constitution ) have not stepped up in support of shareholders? Can you imagine Veterans on White House lawn telling lawmakers to get it straight or face a military tribunal. Veterans, Militia, active Military, USMC. Does Military represent the republic or corrupt government ?
If you can make a Chicago Dog at Cosco , I will have 4.
I agree . I am not a lawyer , but from a license advisor I worked for a large cooperation that put in place charters with 95 non-profit independent organizations . Complicated scheme, but the charters allowed these 95 non-profit independent organizations exclusive rights to market certain products with the other party to the charter. Terminate a charter normally either party has right to terminate the charter. However , FnF do not have that right. However, the charter was agreement by both parties. But FnF have no right to terminate contract. However, if the charter is changed in original terms, that should allow FnF to terminate the charter based on agreement terms being changed that would be detrimental to FnF . I am surprised this was not a grounds for a lawsuite by someone. After all they are private companies with shareholders.
Another observation, the hedge funds drove the price into hell by billions of dollars. Now , they want to make billions going upside. For a poltician to paint self into such corner in complying to hedge funds greed , could get self killed in today’s environment. Much bigger pool than the wackos.
You are aware these same hedge funds are the ones who made billions pushing FnF down pre crisis. And, after so much destruction to those owning the stock pre, they are going to be rewarded with plans that screw the remaining shareholders ? Enough said.
He reported he was only holding bonds when he and cabinet members were asked to divest from fnf stock holdings. So you are saying he didn’t divest ?
Trump bought bonds. If the FnF were liquidated, bond holders make out first,
Just think when price per share reaches $100, the sell call option for a week is $1.00 per share per week. Just doing 1 option per month , will make you $650000.00 per month and $7,800,000. 00 per year income minimum.
This guy is a a&7hout.
I think a constitutional suit against FHFA has been started. Maybe knowing this ruling coming open some eyes that a court loss could be very costly to government.
He posted he found a person assuming respondibility to keep the site current.
Yes, amortilize the credit line..... what I have been saying. No need to dilute. Seniors paid and cancel the warrants.
Point is propane been utilized for decades in industrial environment . Yes, been incidents but nothing to ever discourage use. Test indicate same reliability with hydrogen use. Unless.....you split the atom. Lol. Advantage of hydrogen is residue is clean without ebviromental impact or toxic effect in indoor environment.
Like non explosive propane ? Lol. Saw a rail car full of propone blow in the 70’s in Decatur Illinois in the raill yards. Explosion rattled building 35 miles away in Tuscola , Il. One person in the yard lost his hearing. That was the only casualty . My personal experience , I drove a forklift at Wagner’s Casting ( a foundry) for 2 years. I drove the lift from the furnace to the pouring line. That furnace lip was 15 ft up. The bull-ladle had to be lifted so iron when poured from the furnace would travel over the lip into the bull-ladle. Point being never a history of propane explosion. What makes hydrogen any more dangerous than propane ?
Yeah, let us see transparency from 1990 forward and APAs same time period. A complete picture of the fiasco.
FY2012 . You have no creditability. Take your shit some place else or SEC may be interested in your attempts to manipulating others out of their shares with misleading information.
He is added to the things to do list. Do not want to be on that list.
As stated on this board or yahoo or tweeter, the agencies could sell 10 percent of business and create $120 billion in capital without diluting common and enough to pay common and preferred shareholders a dividend. That is one way.
Another, amortilize the required capital where the government / taxpayer provides a decline guarantee vs increasing agency capital.
Government no smarter than a 3rd grader.
Are you serious ? Every industrial , public access area , many residential homes etc. are using security cameras to protect property and monitor activity which allow/ for insurance discounts. Cameras can trail criminals , allow for early arrest. See this on news frequently.
If moved to Canada , how would such a move effect taxes paid and discounts ?
Contradiction with announce job fair in Spokane last Friday.
The interest rate HAS BEEN CHALLENGED IN A COUPLE OF LAWSUITS. DO YOUR dd.
Recall at time announced delisting to otc, Freddie was PPS $1.25 and Fannie was PPS $0.99.
Thank you.
Has this case been ruled on?
Several things. On YouTube with Maria B. in April 2018.
“ What has become abundantly clear is the Trump administration, in regards to Fannie Mae and Freddie Mac and their beleaguered shareholders, is not one iota better than the disgusting Obama administration and its horde of the criminal element. “
Agree on the what we see on the surface, but what lies below? Only they know.
“ You're ignoring two things: Ackman owns mostly commons and he's a hedge fund, and there are plenty of non-hedge fund junior pref holders, like me. “
You can add Carl Icahn , Black Rock, Capital Wealth Retirement and many other whales.
Jaime DImon April interview with Marie B. gave a brief what to expect on release , recap, warrants. Keep in mind DImon was consulted for opinion on housing by Trump .
“ It’s unclear whether an administrative plan would benefit shareholders. Brooks’ recommendations closely mirrored the plan proposed by Watt in January for regulated utilities, the people said. However, Watt’s plan did not address shareholder claims directly.
A separate person said Brooks about a year ago pitched to some government officials an administrative plan to release Fannie from federal control that would have included putting the companies through a bankruptcy-like process. Such a move could have hurt shareholders. The plan never gained traction, the person said.”
Last paragraph interesting. Brook’s Plan to put into recievership gain no traction cause COULD HAVE hurt shareholders. Is there concern for shareholders ? Or just not for Whakes ?
Resume interest payments or dividend ? He says interest payment , but the sweep was dividend payment.
Check price history. Freddie was higher then Fannie before being delisted. When delisted Freddie was 1.25 and Fannie was slightly under 1.00. Currently, Fannie has $10 bil cash and Freddie has $8 . Fannie $10 bil / 1.2 = $8 per share versus Freddie has $8 bil cash $8 bil / 650 mil shares = $12 per share . That is why Freddie trading higher.
And , that statement that shareholders will be left with the legacy garbage is thoughtful.
Anyone can list the Nikola listed trading symbol ? Thanks in advance.
Bridges and roads do not provide personal history about ones health and other things.
Is the 7th circuit decision going to be appealed to Supreme Court ?
Is the 7th circuit decision going to prevent Honorable Judge Sweeney from making a favorable decision for plaintiff ?
Another case had recent oral arguements, expecting a decision. If 7th circuit says FHFA and Treasury performed in matter expected and authorized, does that not legitimize everything ,
Without :
The Books
The APA
THe 11000 Documents
How do you prove anything without the hard evidence ?
It was brought forward that Mel Watt wanted the 3 billion to pay the subsidies. Congress demand to know why Watt was paying subsidies when he was asking for a bailout.
Mel Watt conducted auctions to sell assets of FnF .
HOWARD writes a critical article about CRT business paying hugh interest to tbtf banks to hold MBS , but states it is bad cause tbtf will abandon the risk at first sight of trouble . Now he praises Watt , who put CRT plan in motion. Putting the taxpayer at increase risk knowing tbtf are being highly compensated only to abandon risk sharing .
It is like Glen Bradford tweeted “ the conservertory it is about race”. The only hope to stop this is through a court decision or administrative act. Not going to happen through Congress. Administrative action by president only works till the next President changes it.
Watt is not your friend.