Fannie Mae-No Politics (FNMA)

[rosen62]

Current commoners may have a shot at small chunk of the Newco. But if the rights work as they normally do, commoners may have to pay to exercise whatever rights they may get to acquire new common shares -as it usually happens- at a discount.

True that a rights offering will dilute but it simultaneously adds capital which may be semi-permanent: once rights are exercised the resulting shares will not trade for a pre-determined period.

Obit, with all due respect, I do not think this is a pump. The way Jrs. trade tomorrow will be the tell tale.