Fannie Mae-No Politics (FNMA)

[M I A]

I agree on your higher range of pps, but that lower end would be achieved through what? A unreasonable valuation. Plus, the warrants would be a fraction of what they could and should be if used, which if warrants were used would also be crap.

I already laid out a case for $15 low/mid valuation and a near term release.
That's with a 50%dilution after wts(bs).

What are they going to do, realistically?

Release tomorrow? No.
So more money is saved.

Give away $205Billion raise? For what?
If $34Billion is Jp conversion BS, then you sold/ raised $171 Billion to wallstreet?

They're going to pay that much money?
Plus, at the end of this year we would be near $100B + $171B raise?
$272B? I mean, I don't think that time frame is likely and we don't need that much to release.

But..we'll see.

Thanks for your thought.

And....

*Disclaimer
JMO