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Re: Brooge warrants cancelled post# 779878

Thursday, 12/28/2023 9:59:04 AM

Thursday, December 28, 2023 9:59:04 AM

Post# of 796349
Welcome back to the board.

For fannie mae,
There is $140b of face value preferred stock on their balance sheet. They make $15b a year and historically trade at 10x earnings.

The cbo report only has them having value if they value at higher earnings multiples than that at the time they restructure

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