Replies to post #661051 on Fannie Mae-No Politics (FNMA)

[EternalPatience]

He punctuates the section 5.2 the way he wants to.. the emphasis is on. " Seller shall not... Without prior consent" emphasis is on without approval..

If approval is sought, the capital raise can and will happen wo warrants...

[Donotunderstand]

I thought the link on today's PR from Treasury used the word exercised

(now one can exercise - get the stock for .00001 and not sell the stock - e.g. the Treasury could exercise and return to F and F as one way to kill the warrant dilution overhand before going to the capital market. My preference was for SM to sell the warrants to F and F but he did not)