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Re: YanksGhost post# 543477

Friday, 07/26/2019 7:22:33 AM

Friday, July 26, 2019 7:22:33 AM

Post# of 795755
Nowhere is written that the Washington Federal's lawsuit challenges the warrant. Have you read all the post including the last phrase that says: "More info here"?
It's explained that what appears in the suit occurred the same day (one day before the Conservatorship) the BOD of Freddie Mac amended the bylaws without two-thirds shareholders' approval, opting out of an anti-takeover measure: Control Share Acquisitions, that would have banned the issuance of the warrant representing 79.9% of the common stock (it limits the power to 20%).
The part of the CSA statute, was denounced by Carlos in a complaint with the S.E.C.
It will help in the complaint if it's demonstrated that the BOD was coerced into approving the Conservatorship and into illegally amend the bylaws.
Do we agree that what the BOD did was illegal? Then the warrant can't be exercised pursuant to a restored CSA statute in the bylaws.
We want the CSA statute back. If the warrant can't be exercised, it's good news for the common stocks. NO DILUTION.