Fannie Mae (FNMA)

[MannSinger]

SPS+10% paid off, 80% warrant used for recap+Gov

JPS should get par, nothing else because gov should get $191B+10%+ fee for catastrophic guarantee from warrant.

Most of the warrant money should go towards recap and some for catastrophic guarantee fee.

Common will get there 20%- final pps = $20-$30

If you have purchased 100K shares at $3($300K) then after 80% warrant dilution, you will have 20K shares with reverse spit.If pps is $20 then you get 20Kx$20=$400k. That $400K will earn 6% divident in utility model.