![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, December 08, 2023 3:16:05 PM
If the majority (let's say 60%) of say FNMAT own those at a cost basis of $2, and you own at a cost basis of $10. If Fannie offered a $6 buyout of FNMAT, how do you think the vote would go? You obviously would not vote for it. They'd offer via a vote, so no contract problem involved.
If you think 60% of the FNMAT shareholders would jump on $6, you're right. Where does that leave you? This is why GB and others with HIGH cost basis are desperate to get the price up and folks to buy. They need their cost basis drastically reduced.
No no one knows what the cost basis is in all the JPS classes.... Except government/FHFA/GSE's.
So when offers for buyouts start happening, be sure you're on the cost basis low side!
FYI, this would apply to commons also, but commons are not debt!
“If liberty means anything at all, it means the right to tell people what they do not want to hear.” “I disapprove of what you say, but I will defend to the death your right to say it.”
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM