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Thursday, February 09, 2017 7:41:28 PM
Regarding the warrants, I know UST has control of them, but I was under the impression they would still have to sign some type of agreement/contact with FAHA to do away with/alter them. Of course, if that was offered by the UST, Watt would have to accept as he has a fiduciary duty to. No? I also know they could just never exercise them without any input from Watt/FHFA, but they would still exist for another 12 years until they expire, and this would make it very hard to recap and value the companies if that was the case.
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