Replies to post #733898 on Fannie Mae-No Politics (FNMA)

[Rodney5]

How many times do we have to cover this subject?

Senior Preferred Stock cannot be converted to Common Stock or any class of Stock UNDER THE TERMS of THE AGREEMENT.

FOURTH AMENDED AND RESTATED CERTIFICATE OF DESIGNATION OF TERMS OF VARIABLE LIQUIDATION PREFERENCE SENIOR PREFERRED STOCK, SERIES 2008-2

FACT: The Senior Preferred Stock cannot be converted to common stock.
No 6 and No 7

Quote “No Conversion or Exchange Rights

The holders of shares of the Senior Preferred Stock shall not have any right to convert such shares into or exchange such shares for any other class or series of stock or obligations of the Company.

No Preemptive Rights

No holder of the Senior Preferred Stock shall as such holder have any preemptive right to purchase or subscribe for any other shares, rights, options or other securities of any class of the Company which at any time may be sold or offered for sale by the Company.” End of Quote

https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-Fourth-Amended-Restated-Certificate-04-13-21.pdf

[EternalPatience]

You forgot to add the reverse split shit tactics

[M I A]

If Lamberth and/or Rop win.

There is no chance in hell commons are 10 cents, while preferred get par.

But if you truly believe that than it makes sense why you might stick with jp.

I don't believe that at all. So 100% common. But thanks for the response.

JMO

[MoneyRobot]

I tend to agree that with the court wins the jps will get 75% to RV. I do not think the jps will go above that based on Royce's ruling on the damages. This is all jmho.

If the jps wins, so do the commons. Your worst case of 10 for a dollar is a bit extreme just like the 16 bones restitution a goober predicted and da goober gave it a 16x multiple on top of that..... ;-). Its all good. We are on ihub chilling and waiting while wez have a coca cola.

I predict commons will get 5-8 bucks at the end for the reasons I stated previously..... Jmho. Thats still a good haul from here....go figure