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Re: DaJester post# 781975

Monday, 01/15/2024 2:54:22 PM

Monday, January 15, 2024 2:54:22 PM

Post# of 796303
The liquidation preference keeps going up. The face value does not. The government’s accounting of the value if its spspa it publishes i think once a year. The cbo report monetizes the face value of the spspa.

Nothing is hiding. It is all there, but the market value of the equity of the gses based on their earnings power is only so much

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