Fannie Mae Preferred S (FNMAS)

[Donotunderstand]

yes - I agree

yes - and I forgot the rule as I am not a CPA - if the trading price is higher then the exercise price then one counts warrants in counting number of shares

So - yes if the DTA were valuable with the warrants "deemed to be exercised" by GAAP = then why not if physically exercised

And I do expect that at some point the GOV will IPO 4Billion shares - say at a price of 8-11 a share ? (or less if they limit the scope of FNMA - mayabe 6-7)