Fannie Mae-No Politics (FNMA)

[big-yank]

To generate $100 B in recapitalization, the 4 B shares from converted warrants would have to sell for $25 after dilution. They sell for $3 today, before dilution. That makes the expected proceeds $.60/share for a net intake of $2.4 B with which to fund recapitalization after dilution.

Sorry, but the mathematics are a non-starter. That strategy is a death sentence.

JMHO.