Freddie Mac-No Politics (FMCC)

[brute_force]

He's saying the value of the common stock was destroyed -- meaning the price. It is destroyed meaning hurt bad. But not eliminated. :)

Be honest with this. The government financiers have warrants to buy 79.9% of the common. If they execise those warrants, the common becomes massively diluted and worthless - best case scenario trading in the pinks for pennies. If the warrants are NOT exercised, it'll be because the shares are already worthless. That is the truth here. Its a trade. Nothing more. Speculation & rigging the market by getting rid of shorty is soley responsible for the pop in share price. That will pretty much seal the warrants being exercised and the common to be massively diluted into oblivion. The hammer could drop at any moment. If you can trade it for profit, kudos. But its' important to not lead anyone in beliveing this is a long term play. The warrants are reality.
And, btw, when they talk of increasing "stockholder value", they are referring to the senior preferred owned by those financing this pig. The common have had their voting rights stripped and their dividends extinguished. Any act that increases "shareholder value" will NOT increase the common's shareholder value. Common get NO DIVIDEND on ANY EARNINGS. Only speculators and the rigging of the market by taking out shorty can increase the PPS here. No "institutions" will buy this toxic BS. Any institution that was hedging trading in it must cover due to the rigging of the market by eliminating shorty. Don't confuse the two.