Replies to post #676618 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

Cause it’s the only way their fantasy can work. They want 10 even 20 commons for 1 preferred conversion after they get par............then they will turn to commons bulls and somehow gets common price to go up. How sad for them and fortunate for us, judges can see through the smoke, on all direct claims in court, district court, and SCOTUS next.
They miss the important part of value to shareholders, which the CEO understands, but Ps continue to fail to understand preferred share price is very much tied to common price. Markets set value, through common shares. Anyone that understands markets knows this.

[FFFacts]

They were part of the consideration for a line of credit. Of course 10% + commitment fee + 79.9% + change in control of the board of the companies is excessive. The board in consideration also received immunity and indemnification.