Fannie Mae-No Politics (FNMA)

[kthomp19]

If we ever get reslesed what the chances they for a reverse split and to $50 and we get no upside ??

That depends on who you ask. I think the chances of that are at least 40%.

it’s possible ??

Of course it is. Four different sources of dilution (junior pref conversion, re-IPO, warrant exercise, senior pref conversion) are all on the table and have been for a long time. They are listed on page 27 of Treasury's 2019 Housing Finance Reform Plan.

It's Treasury that has veto power over recap and release; what they say matters.

Treasury also could not have included those things in that report without the signoff of the Department of Justice, so it's safe to say that all of those are perfectly legal too.