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Re: A deleted message

Sunday, 04/12/2020 10:40:32 PM

Sunday, April 12, 2020 10:40:32 PM

Post# of 797197
None of the people you've listed...

FHFA, Treasury, and the re-IPO investors.


...have any power to redeem or convert other than current Pref holders post C-ship once every 5 years and there will be no Gooberment warrants or SPS post C-ship. Only the BOD elected by common shareholders may propose new preferred issues, changes to SS, or negotiate new contract terms with existing preferred shareholders.

The only viable preferred investment thesis after C-ship began was the lawsuits chasing direct claims. Preferred direct claims are dead in court now with only derivative claims to be returned the GSEs. that the commons own. This is why Palagria is already advancing the idea of settling for a discount to par and that won't come from the Government either. It would come from the entities if approved by common shareholders post C-ship under consent decree. Otherwise PREFERREDs will have to wait for their respective contract conversion dates to redeem them for par or convert at the price commons are trading for at that time.

There is no realistic scenario left where preferred issues are likely to receive more than a fraction of a share post C-ship which is why preferred holders clinging to a dead historic investment thesis continuously post

Red Herring

on this common holder board $FNMA~ $FMCC~ https://www.logicallyfallacious.com/logicalfallacies/Red-Herring


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