Fannie Mae (FNMA)

[tutt1126]

By exercising of the warrants , government will own 79.9% of common stocks, this will dilute shareholders.

But how will government exercise the warrant?

How ?

Under an agreement document which is also kept by supreme court, it says that quote " Treasury received the warrant to PURCHASE the 79.9% of common stocks"

The word "to purchase" must be placed following warrant otherwise it will become a different meaning.

Do or did government own warrant already?
Yes
Do or did government own 79.9% stake already?
No
Why ?

Because to own the 79.9% of common stocks then government must exercise the warrant "TO PURCHASE " at 79.9%>

In other words, to exercise warrants to purchase 79.9% is to recapitalized to release from c-ship and then relist to NYSE.

How much will government spend money to buy common stocks in order to exercise the warrant to own 79.9%? It's a lot, in hundreds of billions

That's why dick bove asked us to hold with him , because the price is unusually large.