What they say is basically, the whole provision (3th amendment) needs to be voided including the payments to treasury, in its entirety, so every cent needs to be paid back and counted for the payback of the liquidation preference, and with taking actions, they mean the 3th should not be altered modified or anything else, not by FHFA nor by treasury
So with the liquidation preference overpaid the only thing remaining is the Warrant
Commons hold 1.158B shares, the other 79.9 % would be 4.604B, now commons trade for $3.84 last week, and since that is 20.1% of last week’s price, the 4.604B would be worth $15.26, that brings the total of 1 new share after the warrant exercised to $19.10
when exercised the total shares count would be 5.762 Shares, which would give the company a market cap of 110B, and with the current 2.83EPS they will be trading at $ 42.00
total shares in B % ownership value
1,158 20,10% $3,84
4,604 79,90% $15,26
total 5,762 100% $19,1
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