Fannie Mae-No Politics (FNMA)

[jeddiemack]

Exactly my point.

They can exercise the warrant but not purchase new securities. Shares, if issued pursuant to the warrant would be "new" minted shares and therefore is in contrast; however they can do a cash less exercise. Lest you be reminded of the miniscule - price of $.000001 cent a share (ie. its a non-event).

As for transferring the unexercised warrant... this can not be done. Per the Warrant only trearsury can exercise them. So. Heck yes... transfer them / sell them and they are worthless to any purchaser.

As for the conditions and terms underwhich the warrants were Taken - it has been well publicized that it was by means similar to how the Mafia works. Or what you'd see out of a criminal enterprise. Whether its being contested I haven't read all 19 complaints, however, it is a taking and is counter to what civil societies should allow.