Replies to post #559367 on Fannie Mae-No Politics (FNMA)

[RickNagra]

I asked this same question yesterday. The general consensus was that Calabria is not that market savvy. He also keeps saying IPO when really the correct term is secondary offering.

[Rk3]

“Obiterdictum and or everybody, I saw Calabria say that Fannie and Freddie would trade again. That statement has been making me crazy. Calabria knows that we trade on the OTC. I am questioning in what context that statement was made.”
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I thought exactly the same thing 10bambam, it’s been bugging me too. Did these Lecherous and treacherous bastards somehow set up this ticker as some sick and twisted equivalent of an OTC-ADR? Or?

Let’s not forget that Craig Philips is on a previous video telling a luncheon audience that “F&F sorta doesn’t have shareholders” I’m paraphrasing, some thing to that effect. I wish I could find that video.

Why won’t these guys come clean on this sorted affair?

[obiterdictum]

I saw Calabria say that Fannie and Freddie would trade again. That statement has been making me crazy. Calabria knows that we trade on the OTC. I am questioning in what context that statement was made.

1. Did he mean that we would trade on a major exchange again?

Besides making an error or misspeaking about GSEs stock trading, it is not known if Calabria, perhaps, was referring to relisting and trading on a major exchange.

2. Did he mean that we would trade at our real value again?

Given the words spoken, that seems unlikely.

3. Did he mean something else?

Perhaps. We will not know what that could be without his clarification.

I read on this forum that FnF could apply for uplisting under special circumstances as if there exceptions to the rules.

4. Can we uplist while in conservatorship?

Yes. Relisting can be done.

5. Can we uplist while our share price is lower than normal requirements?

To relist to a major exchange (i.e. NYSE) The GSEs must be able to return to compliance by fulfilling the rules and standards given by the major exchange.

NYSE

Rule 103B. Security Allocation and Reallocation

VI. POLICY NOTES

(B) Relistings

Relistings are treated as new listings and will be allocated through the allocation process pursuant to Exchange Rule 103B, Section III. If the relisting chooses to have its DMM unit selected by the Exchange pursuant to NYSE Rule 103B, Section III(B), and requests not to be allocated to its former DMM unit, such request will be honored. DMM units that are ineligible to receive a new allocation due to its failure to meet the requirements of NYSE Rule 103B, Section II(D) and (E) will remain eligible to receive an allocation pursuant to this section. - See the Exchange Rule 103B - https://bit.ly/2miW2rj

Although I think if news leaked of our application for uplist then share price would not be an issue.

Here is the NYSE listing process:

https://bit.ly/2mdn8ji

[Lotto65]

Thank you Bambam!