Replies to post #758145 on Fannie Mae-No Politics (FNMA)

[The Man With No Name]

How about your lottery ticket then? “Nonconvertible”

How about your lack of understanding of contracts?

Non-convertible as a right of the holder, but convertible if offered by the issuer and agreed to by 2/3'rds of the holders.

This goes for the seniors too.

Everything is convertible....except for commons. They can just be diluted. Comprende?