Replies to post #587998 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

Remember their tactic was to talk everyone, including the common shares themselves into thinking its best for commons to be at $1. Then miraculously realize one day after the conversion it would go to its real value. Which I think is $30. But in reality in order for Ps to get par is for commons to go to 75 to 100. No one in their right mind, nor and common shareholder is going to vote that Ps get par instantly for no other reason than Ps want it that way. Such are children, or liberals who think everyone should get something at the expense of others. Stealing is common thought these days. Free education by stealing from the rich, such are the promises of democrats. Why do I say this? If we don’t do all GSE steps before elections, good luck cause I’m not waiting around for lying congress to mess with the money they stole from me.

[JosephS]

You don't even know what common is worth without a share count. Do you know the share count?

If you do, it is some inside information that I would love to know.

Of course you cannot discern any of this without knowing what the courts or administration will do.

You could write any number you want for a common share count. I won't know about splits, reverse splits, warrants, SPS, SPS conversions, secondary offerings, preferred conversion.

People cannot argue with your price except with logic based on what Treasury and FHFA has said.

The courts may ultimately rule that the common shares were not hurt by anything as long as the NWS changes back to 10%. Even if the US Treasury department returns 125 billion in tax credits and converts the 191 billion in SPS to common.

The common shares are in a poor position if the SCOTUS doesn't take the case. My opinion

Not a recco

[bradford86]

right so i am not expecting commons to be worth that much