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Re: navycmdr post# 774018

Saturday, 11/11/2023 11:57:47 AM

Saturday, November 11, 2023 11:57:47 AM

Post# of 796372
Yea, considering that in my view fnma has no intrinsic value because the spspa and fnmas is worth 25 when the companies are restructured— the opportunity has increased in the past year. Cheers

Warrants will be exercised. Common lack dilution protection against SPSPA being converted.. Common thus have no security. Preferred will be made whole.