Replies to post #841765 on Fannie Mae-No Politics (FNMA)

[Rodney5]

Good morning FannieMan, you ask “ If the IPO is oversubscribed as Bessent says, then why isn't more volume in the common?”

NeoSunTzu wrote, “What you are witnessing is stock fraud and manipulation on a massive scale being executed in secrecy right before your very eyes, and the last element to make this a fait acompli is now in place == the investment bankers are now involved.

We are seeing NO DEMAND on the OTC for long periods of time for two basic reasons: 1. the combination of factors that make-up OTC manipulation driving the price where they want, when they want (and make no mistake, this manipulation is largely the acts of big institutional investors [and financial establishment players] taking advantage of the OTC weaknesses) and 2. the government providing ZERO clarity on the major factors that affect current common shareholders - this piece has two components itself. The first being the natural ineffectiveness and incompetence of government; the second being the natural corruption of government. They are playing thick-headed on purpose to get the best deal for themselves and Wall Street as possible.”

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176571591

[Achilles deFlandres]

Several facts are implicit to your question: Why isn't an oversubscribed comin IPO creating more volume in existing shares?
I(nitial) P(ublic) O(ffering). Without pasting dictionary definitions here I will go out on a limb and say "initial" happens once. Further out on a limb: shares currently trading on a stock exchange are resultant of an "Initial Public Offering" held at some point in the past. And then completely bonkers: since the existing shares have had an IPO already, if an IPO will be held in the future, it must be of something other than the currently trading shares.

There is this name "Great American Mortgage Company" associated with the much-buzzed-about "IPO". Seems to me that name could be the security underneath said "IPO" because no such company currently exists. It also would seem that the "Great American Mortgage Company" is not Fannie Mae or Freddie Mac.

Lots of assertions here like no merger without congress, no change to the charter without congress. I am skeptical because many of us have been here and/or other message boards for 16-17 years and longer BECAUSE the government did what it wanted to do. No political check and balance, no co-equal branch of government check and balance, no rule-of-law. Instead, F&F were "rescued by W", disgorged by Paulson, further disgorged by Barry et al, all with great down-field blocking by the judiciary. Maybe the greatest bi-partisan action of all time. Even Max got in on it.

All this adds up to the IPO being a no-op on the current shares. The Current tickers may sell additional shares generated by executing warrants, but that again is not an "IPO".

[jog49]

"If the IPO is oversubscribed as Bessent says, then why isn't more volume in the common?"

Because the noose remains around the necks of shareholders. Nobody much wants to own shares where a corrupt government might spring the trap door!

[NeoSunTzu]

If the IPO is oversubscribed as Bessent says, then why isn't more volume in the common?

The misinformation on this board is often the source of a good deal of anxiety. Bessent DID NOT say the IPO is oversubscribed, in fact, he DID NOT even confirm that it would be done before the end of the year when asked about it by Maria. Bessent said they were looking to make a decision about the IPO by September or October.

It was Maria in her incessant rambling enthusiasm, who said that "... in speaking with people on the Street (meaning Wall Street) the IPO is wildly oversubscribed." Neither she NOR ANYBODY on Wall Street would be able to credibly make this statement because for an IPO to be oversubscribed there has to be a specific deal on the books with a known number of shares being offered where demand could be compared to this offered amount of shares - NONE of these elements currently exist!

I love Maria, but she is just like any other journalist hosting their own show - long on enthusiasm and Wall Street hype, but quite void of any details or facts. You cannot be oversubscribed on an IPO that isn't even scheduled yet.