Replies to post #670089 on Fannie Mae-No Politics (FNMA)

[stockprofitter]

Another illegality of the warrant was that it was issued at a price of $0.0001 while the stock was trading at 20 cents. Look up Black Scholes.

Imagine Apple or Tesla favourably issuing warrants at 20,000 percent less than where the shares are trading?

[Guido2]

Has the conversation changed?

I'll reiterate: I will challenge the exercise of warrants through derivative claims. The day before they were issued FNM (old symbol) closed at $7.04.

https://finance.yahoo.com/quote/FNMA/history?period1=1217548800&period2=1221091200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true

BTW, in their own warrants agreement, Treasury & FHFA have a definition of "fair market value" . It isn't one hundred shares for a dollar. They defined it as 20-day trailing average closing price.