Fannie Mae-No Politics (FNMA)

[bradford86]

95% turns to like 97-98% when you then do a follow on capital raise

I just say 99% to simplify the conversation. Warrants only exercise is like 90% post capital raise. So if commons were worth like $5 they are then worth $0.50 with the additional dilution

Tldr possibility that there is no upside from here and in fact downside