Fannie Mae (FNMA)

[DJVan57]

My question is this regarding capital raise. Selling new commons at an “attractive price” is needed for appreciation potential that any investor would require but the lower the share price the lower the capital raised or the higher the number of shares required and therefore more dilution. So doesn’t it make sense that the secondary offering (re-ipo) needs to be higher like $5 (10b x5 = $50 billion). No expert here just seems to make more sense . Too much dilution and they never climb out of the hole - maybe I’m missing something but that’s at least the way I see this.