Replies to post #603946 on Fannie Mae-No Politics (FNMA)

[lumpina]

Correct me if I'm wrong.

On a 1:10 reverse split, if I own 50,000 shares @ $2 per share = $100,000 total

After the split, I would own 500,000 shares @ .20 per share = $100,000 total

Is my math right? anyone?

[tutt1126]

I totally agree with you.

[tutt1126]

There are reasons why RS is illegal due to an illegal gses
1. Due to the unconstitutional of fhfa.
2. Guide is correct. CORPORATION is doing well.

[nats1]

Thanks Guido2 - Right, I could see that it could be a red flag. That being said - you and I know the GSEs are still on solid ground and to be a great place to park money in this crisis - but for pete's sake - what does a stock price of $1.58 a share on the NSYE tell you - now THAT's a red flag. Plus I understand that some large funds, etc. have minimum price limitations. I am counting on the price to be a lot higher at the relist, but given the market as a whole I think even a NYSE stock at $5-7 a share would seem to be radioactive at first glance. This ain't no REIT. But I definitely see your point. Its just that in this case I think we would all come out better eventually if the price was 10 or 20 or 30 times higher.

A lot of places in the US are going to get hammered in the next 24 hours or so - including in the DC area where I am. Everybody stay safe!


Nats