Fannie Mae-No Politics (FNMA)

[jeddiemack]

Not being to particular.

But read it again.

The Warrant itself - was "GRANTED" meaning it was given for no consideration. Chess, this means it was provided for NO MONEY.

What you refer to inappropriately as the price paid for the warrant is actually the "exercise price". The exercise price is the price to be paid on a per share basis for the shares "acquired" if exercised. Which has not occurred.

So to be clear.

The "WARRANT" was not purchased it was granted; granted is a gift; purchase means for consideration (money).

Its important to know the difference and apply the terminology appropriately.