Fannie Mae-No Politics (FNMA)

[LuLeVan]

After the reverse split.

That's BS. A reverse split lifts the share price, but the number of shares outstanding decreases accordingly.

To get to a pre-IPO price of, say, $20, the reverse split has to be 200:1, which would happen after the common stock was diluted to $0.10 in an SPS-to-common conversion. Even if only the warrants are exercised, there could still be a reverse split of about 2:1 or 3:1.