Fannie Mae-No Politics (FNMA)

[Golfbum22]

GB. which one is it??



"TINA
@DoNotLose
·
Nov 19
If you think commons are worth over $34b then (2*$16) — $30 is double that — and say that is true, then the government will force the conversion of junior preferred to common before the warrants are exercised, ensuring commons are worth less than $5. — my perspective


or


TINA
@DoNotLose
·
Nov 19
If you think commons are worth over $34b then (2*$16) — $30 is double that — and say that is true, then the government will force the conversion of junior preferred to common before the warrants are exercised, ensuring commons are worth less than $5. — my perspective"


How is gov't going to force a conversion? Any judge can read that they are non convertible and non cumulative

also, if you got (you won't IMO) a pref conversion to common you would get scalped too because you would now be commons.

GLTA shareholders