Fannie Mae (FNMA)

[LuLeVan]

"Warrants exercise and 5.5B shares exist"

It will be 9 billion shares, and 7.2 billion will belong to treasury.

Okay can you break down the math for me?

The math is tricky. I recommend this as a starter:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147182438

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Rodney #790711:

You forgot the need for a capital raise that will further dilute commons. At least 60% of the market cap (after the raise) will go to the subscribers of the new shares. So with your $42 estimate, you get $16.80 - which is close to my $10 to $15 range.

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Sorry for answering 2 posts in one, but I'm still limited to 1 post per day.