Replies to post #416335 on Fannie Mae-No Politics (FNMA)

[stockprofitter]

$FNMA You just proved the warrants are illegal without even knowing it! LOOK at clause "A" where it talks about the pricing of the warrants..

The warrants were supposed to be priced at the average of the preceding 20 day closing price therefore making the issuance of the warrants at 1/1000th of a penny completely illegal.

Now we all know why the warrants were never excersized nor will they be.

[mhill_fin]

If we can drag this out for 11 more years, these things are toast.