Fannie Mae Preferred S (FNMAS)

[Lake of the Islands]

foscofrank • 17 hours ago


21users liked this postsusers disliked this posts2Reply
A FEW SOLID FACTS ABOUT COMMON AND PERFERRED SHARES OF FNF
1. They only have no rights under the Gov written documents.
2. They have rights under the constitution
3. The courts found that FNF are private shareholder firms
4. All stocks offered publicly have ownership rights period
5. Does not matter when you bought this stock the rights of ownership per share the same PRE 2008 or Post 2008 for all share classes.
6. The higher the common share price the lower the 79.9% potential senior perferred share conversion will be.
7. If Congress voted to by 79.9% of FNF it would take a vote and the stock price would soar cutting ownership conversion way down.
8. All cases though claims are for prior to 2008 all have same impact for those who own post 2008 as the stock is the same stock then as it is now.
9. There is no dilution effect on this stock UNTILL warrants are purchased and issued - that is a fact
10. Yes shareholder rights were transferred to the conservator NOT end indefinitely!
11. The stock has book value now that the bail out is paid back.
12. The rights of shareholders go beyond any Gov document written or the courts would not have taken the cases.
13. No stock holder on the OTC or NYSE or NASDAC can be taken by the Gov without compensation period.
14. If the Gov was going to wind down it would have happened already.
15. If they could not get a majority vote on winding down during the worst times how can they get it now?
16. Nobody in their right minds would agree these stocks have zero value now that NETZERO has been accomplished.
17. FNF paying all this money through the sweep amendment was a play to get all money back before legal proceedings would take place cutting the Gov out of getting fully repaid fast.
18. If the GOV does not respond on Dec 9 then they want a judgement to release
19. If the GOV responds with no solid arguments other than normal cry baby tax PAYOR claims they loose before they are even in court. Less