Fannie Mae-No Politics (FNMA)

[rekcusdo]

You are actually thinking it in reverse.

You believe that because the warrants would dilute the share price by 1/5, that if they were invalidated, the share price would go up by 5x.

That is NOT how warrants work.

The way it works, if the warrants are exercised, only then would the pps dilute by 1/5. Invalidating them before they are exercised will have very little effect on the pps.