Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks for the reply Kthomp.

Yes - my bad on the $ 8 to $14 range projection by Gaby - went to the video and you were right. It is $6 to $14 as you mentioned. Thanks to Navy for the link:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151142246

I believe it is around the 9 minute mark but a good refresher overall and a chance to reassess where we are from a timing and litigation perspective.

Regarding whether AGC thought that common shareholders would be "wiped out". Gaby made the point that the common is alligned with the UST warrants and that the best way forward: (1) is to have the SPS deemed paid in full as part of a negotiated settlement (2) a relisting on the NYSE prior to capital raise and (3) a negotiated sett;ement completed. David agreed that the common would "absolutely not" be wiped out at minute 25:37

Regarding the upside at $6 you may be right because I would agree the JPS gets par and probably par plus unpaid divs. If the valuation approaches the $14 level then common is probably clearly the better trade.