Replies to post #637284 on Fannie Mae-No Politics (FNMA)

[Brooge warrants cancelled]

They can easily sell new pref at a lower percentage

[Donotunderstand]

nonsense

no discount to this nonsense price

common will step up to a normative price - once uncertainty is removed

it is all a question of how key items are resolved

I expect

Senior Paper to be declared paid in full for money received

Warrants to be sold to F and F for pennies on the dollar

F and F to gain a credit - to buy the warrants for amounts >10% paid as dividends under the NWS

NWS killed

At such point the shares are worth 8-24 or whatever

[EternalPatience]

Is it a recco or not a recco?