Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

I think he knows what it means, which is why he has been advocating for people to be in Preferreds and not Commons. That warrant for 79.9% is gonna hurt earnings BIG TIME!! Earnings Per Share attributable to Common shares will go down the drain, we'll be lucky to see .10/EPS once those warrants are exercised. Which means current price is likely over-valued. We should be trading closer to $1.25 based on all those shares that will be out there once they exercise the warrants