Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Bove ... doesn't expect the junior preferred shares to be converted into common shares or full payment of par value on preferreds..

Can we put an end to this conversion nonsense?

Can we put an end to this conversion nonsense? How’s that JPS leverage in any settlement talks? Oh, non-existent you now say ... should we now follow Kaoboy - his whole thesis has been undermined and now JPS continues to convert to commons ...

Can we also agree the real reason JPS insiders keep criticizing FNMA here is so they can convert to commons without spooking JPS outsiders?

https://www.valuewalk.com/2020/07/fannie-mae-junior-preferred-shares/
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