![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, July 26, 2019 7:22:33 AM
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.
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM