For anyone who missed it our friend Barron said, “Treasury states that the GSE warrants only purpose was to suppress the common stock price.” The below link is the discovery provided by Barron.
Apparently, the government is the culprit holding the stock price down.
Rodney5 Re: None Thursday, 08/22/2024 7:39:28 AM Instead of speculating how Treasury will use the warrants and what their purpose was, posters should read and understand what the Government Officials actually said and discussed in their own words detailing what the purpose of the warrants were.
Quote: "Mr. Werfel then explained that it is important to understand the government’s intention. The intention was not to eliminate the ownership interests but to prevent current shareholder speculation resulting in speculators taking advantage of government intervention at the expense of others. Driving the stock market value to zero prevents this manipulation from happening. " End of Quote page 24
"Like the threat of warrants used against us, we will always have the threat of 11k+ sealed docs hanging over their heads if they wish to try anything."
That brings up an interesting point. Wouldn't you think Trump would be falling all over himself trying to release the 11,000 documents and embarrass the Democrats to no end? Yet no, no effort seems to be headed in that direction. Why not?
Yes very wise! Why only $30 billion share offering ? It can go 2 ways . Put the GSE assets into a new company then IPO $30 billion worth just like what the Saudis did with Aramco !
OR Convert some of the warrants for $30 billion enough to meet the 2.5% buffer and Gov keep the rest in the SWF for dividends.
Would that satisfy current shareholders ? To sell some of the warrants in order meet the new 2.5% buffer and to be released from Con-ship?