I long for that day when we see a total, comprehensive application of justice. Believe in the homerun, it is our God-given right. It is our responsibility, however, to exercise that right.
some lawsuits against the government claim that the warrants were illegally taken during the bailout. If the warrants were to be nullified, it would eliminate the dilutive effect from the government stake allowing common shares to rise significantly higher possibly above the conversion price. Although nullifying the warrants poses an even greater challenge than ending the Sweep Amendment, it could still be possible and FNMFO offers preferred stock investors additional upside if this scenario were to play out.
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