People use that term loosely but the whole premise is about stolen money, company, and market share. We in an instant, where weeks before they did it, said there were no liquidity issues. It’s all there over and over and over for over a decade. If not resolved it starts a whole new crop on new suits. With $$$$$. Makes any heist in history look like amateur hour.
You are right Chessmaster. As Trunk mentioned the important point is that FNMA issued $2.25 bn of common stock and another $ 4 bn plus of JPS in May which is 60 days after the UST Barrons article plant on March 8, 2008
Here is the Offering Circular which also details the par value issue you discussed.
Stock was issued at $ 27.50 60 days after UST sent the basis for "nationalization". What is $ 27.50 plus loss dividends since 2008 worth per share?
Look at the Underwriting Syndicate - wonder if anyone at one of these firms knew that UST wanted to nationalize and wipe out the value of shareholders who were purchasing the shares issued on this Offering?
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