Replies to post #851502 on Fannie Mae-No Politics (FNMA)

[EternalPatience]

The only thing going for us is, that the man loves to self gloat and retweet any references about him or praised him. The fact that he hasn't retweeted the housing wire fake article that we will remain in cship is a huge positive going for us that it's not a new word from his mouth and they are just recirculating materials for click baits and create panic

[FOFreddie]

Thanks for explanation Nats - one thing to consider is that the UST would benefit if it waits until F2 approaches the $ 1 Trillion valuation because it will get more proceeds and will protect itself from any dilution necessary to restructure the Balance Sheets or meet ERCF CET1 requirements:

Here is the Warrant Agreement - the important provision is "Fully Diluted Shares" because the UST is entitled to 79.9% of the Fully Diluted Shares at the time of Exercise.

https://www.fhfa.gov/sites/default/files/2023-03/fannie-mae-warrant.pdf

Of ourse, this can be amended and may have had some minor amendments to date

[Donotunderstand]

Some very solid points

I too do not see a 5-10 % IPO-SPO ending the conservatorship

And yes - the IPO or SPO will have to answer a bunch of WHEN questions (starting with when is the next IPO or SPO)

No surprise to readers here --- I want to learn total size. Said another way that may make it easier to understand what I want -----
When GOV says 5% IPO --- is it talking 5% in terms of ration of money coming in as a % of the value they give it ---- (think about it - that is a near worthless way to "identify what 5% is" for stock buyers)

Or will the GOV - when it issues stock to the public - finally have to say what happens to the LP/SP sword hanging over our head (Ackman hopes it is zeroed out !!!!). The Gov will have to say what happens to the warrants. THE TWO - LP/SP AND WARRANTS - WHEN ANSWERED WILL ALLOW THE BUYERS OF THE FIRST 5% TO KNOW IF THEY ARE GETTING 5% OR BEING BAMBOOZLED AS SHARES WILL KEEP COMING AND DILUTE THEM !!! (not just dilute us but dilute the buyers of the new IPO/SPO? those buyers IMO must know the intent of number of total shares and the BS). Would you buy on this IPO/SPO if you do not know the end result of warrants and LP/SP .... I would not