No. Ackman said that he believes that he can contravene S.E.C. rules and don't file future reports on Schedule 13D with beneficial ownership, according to Freddie Mac in its Earnings reports.
So, play the fool talking about what he "believes" as part of his strategy to bottom-fish the stocks, after hiring a bunch of crackpots on social media and in court, continuously downplaying expectations about the common stocks: "spspa conversion", "$100B+ cash Equity", "retained earnings, choo choo", "the Warrant affects only if it's exercised", etc.
He uses the excuse contending that "the common stock is not a voting security", despite that the definition of Beneficial Ownership clearly states that it's also the power to dispose of such security, which is our case in Conservatorship.
Play the fool is an aggravating circumstance when assessing the breakdown of penalities worth $4.8 billion for Punitive Damages, against those peddling the government theft story in formal documents: books, articles, letters to shareholders, court briefs, financial analyses, etc.
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