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.”
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM