"FnF are depressed stocks because of lawless conservatorship. Once FnF are out of conservatorship, the prices will go up even on OTC."
The biggest challenge to re-capitalization of FnF, is the lawless FHFA conservatorship.
Lawless FHFA conservatorship is the main reason why capital rich FnF (about $100B) became zero net worth companies. If FnF were to continue without lawless conservatorship, then by this time FnF would have accumulated additional $150B to $200B additional capital.