Fannie Mae-No Politics (FNMA)

[positiveonstocks101]

Also read the last sentence.. a win in the court would greatly accelerate this outcome.
I kind of agree with him on that.

Remember, the Jr Pref liquidation preference is still $25/50/100,000 for all preferreds and no div can be paid to commons without starting Jr pref dividends or redeeming all of Jr Pref shares.

Warrants expire in 2027 if no action is taken. If they are exercised now, they are worth less than 5 B (based on current stock price around $1).

Conversion of Sr Pref into Commons is not available per existing terms. If they are converted at any price other than the current market price, it is a takings.