Fannie Mae-No Politics (FNMA): Exactly! There's many who would. Anyon...

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Louie_Louie

Re: CNorris2 post# 777142

Friday, 12/08/2023 5:02:01 PM

Friday, December 08, 2023 5:02:01 PM

Exactly! There's many who would. Anyone who has bought and held at $5-$6 a share would gladly take $10. Now, what about those who own a 25 par bought at $20, $18, $15, $12? It all depends on where the majority cost basis lays. If there are 20% who are holding a high cost basis, they could be in for a world of hurt. Because the government can make an offer and do a vote. No one's going to feel sorry for those who are at a higher cost. That's why many on here are trying to convince commons into the JPS shares, drive the price up, so they can lower their cost basis. It's not a conversion that they keep pumping, but the fear of an actual offer below par.

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