No. Ackman can get as much as he wants. After 10%, under normal rules, he must report it. But since FnF aren’t listed on the big boards, those rules don’t apply.
M I A - YanksGhost once pointed out that as long as the warrants remain outstanding, the "big boys" can accumulate 4 times as much before they have to comply with the SEC reporting requirements.
Actually yes and no. Big Boys don't want any additional risk even at these so called cheapies price. Only liars rinse and repeat eazy peazy. Ackman is truthful and acknowledged he is way under water. Most have claimed their average is always below current pps, Ackman speaks the truth