Fannie Mae (FNMA)

[kthomp19]

The individuals and/or investment committee that determines which equities to buy/hold/sell possibly could change their holdings here (e.g., if Lamberts case comes up snake eyes or some other reason).

That's true. It might not even take an immediate catalyst. AGTHX's common sales mostly happened well after the Collins ruling and in the absence of major negative news.

A fellow shareholder has a theory behind AGTHX and their FnF common sales: they were ready to contribute to the recap effort as long as legacy common were spared and have decided that possibility no longer exists. AGTHX also oversubscribed the issuance of FNMAT and got almost immediately screwed, so holding on to their FnF shares (which comprise around 0.15% of AGTHX's holdings by dollar weight) could be a vendetta trade.

Unloading that type of concentration will have an adverse impact on prices and will take a long time of selling.

Agreed. It would probably have a greater impact on the juniors' share prices as their common sales have had on the commons (-70% or so since the close on June 23 2021, the date of the Collins ruling), though probably not all at once.

If equity holders come up with zero recovery within the next 2 to 5 years after all the appeals and trials are exhausted on the current pending litigation, shouldn't we working on a Plan B, Plan C, etc.?

The only alternate plan I can think of is to just sell the shares and give up on the idea of the juniors hitting par or the commons recovering to a meaningful value (maybe $5?). We don't have any power here outside of the lawsuits.

The ONLY way to change the confiscation of our economic rights will be through the Legislative, Executive, and Judicial Branches.

Unfortunately, none of us has any real power over any of these. Just drops in an ocean of votes.