Saturday, May 22, 2021 9:27:35 AM
Only the Warrant is a 79.9% dilution. Total shares combined would be 9 billion.
Later, FnF would have $155 billion deficit of Core Capital over the Risk-Based Capital requirement, after the SPS are cancelled.
Assuming an average price of the stock offerings of $4ps, there will be 39 billion more shares outstanding.
Total common shares outstanding = 48 billion.
That's a dilution of 96% of the existing shareholders.
So, the target price of $200 combined, now it's $8ps.
These are round numbers because the target price of FMCC is higher than FNMA.
On the other hand, under the Secret Plan, the UST would have to reimburse $163.5 billion to FnF and they would have a Capital Surplus over the Risk-Based Capital requirement (without the buffers) and the warrant is cancelled. Zero dilution.
This is why the plaintiffs are corrupt and they just pursue stock offerings at rigged prices.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM