Replies to post #868996 on Fannie Mae-No Politics (FNMA)

[CometProdigy901]

The MBA has been trying to kill FnF for many years. I would ignore their delusion.

[PhantomEnchanter891]

Thanks for the reporting.

She put together the slides, and gave the presentation?

What company is this? (Never heard of them)

Not clear either as to the impetus to prepare & deliver this information, as will-it-happen, could-it-happen, seem to have big road-blocks.

The elephant in the room is the ~$200B SPS. There has never been a financial vehicle like it. A loan that was never intended or established to be repaid. They made up the NWS. They made up the liquidation preference. They made up the handling of the $301 paid back as "income".

Just pointing out that a speadsheet or balance sheet might have something, but it is clear that if they move out of c-ship, all of this needs to be addressed and the presenter seems to think it can't happen. SPS on the balance sheet and government can't (there is no conversion stipulation) convert and they can't write-off (she says). Locked up maybe, but I have to believe Ackman has presented some sort of out... like a golden share or something.

Thanks for clearing up.

[Mister4]

None of that can be true. Pulte already said he spoke to the SEC and they were ready to do the uplisting. Don't tell me these are trillion dollar companies and will never trade on the NYSE. Something here does not pass the smell test. A bunch of criminals.

[Numeritus]

Interesting. Consulted with the DJT himself on F2 and is presenting at AMA. Wait , she told you commons are worthless when warrants expire and you couldn’t debate that? Makes sense that you didn’t know that Baker Donaldson is a paid lobbyist to present at AMA.

[DaJester]

Are you sure it wasn't Bradford in a dress?

[Hey_Its_That_Guy]

I wish we could know more from here because I'm confused by the "commons aren't worth anything" and what federal transparency act do they not qualify for? The ones listed below or something else.


Federal transparency requirements for NYSE-listed companies are governed primarily by the Securities Exchange Act of 1934, SEC rules (such as Regulation FD and the Corporate Transparency Act), and the exchange's own strict corporate disclosure guidelines.1. Core Federal SEC DisclosuresPeriodic Financial Reporting: Companies must file quarterly (Form 10-Q) and annual reports (Form 10-K) containing audited financial statements with the SEC.Material Information (Regulation FD): Issuers must prevent selective disclosure of material information. Any unintended release of material, non-public data to analysts or investors must be promptly and publicly disclosed.Proxy Statements (Schedule 14A): Detailed filings required ahead of shareholder meetings outlining executive compensation, board of director nominations, and corporate governance.Insider Transactions (Section 16): Corporate insiders (directors, officers, and >10% owners) must report their transactions and holdings on Forms 3, 4, and 5.2. NYSE-Specific Exchange RulesThe SEC's federal oversight allows the NYSE to enforce its own supplemental listing and transparency requirements:Immediate Release Policy: NYSE companies must quickly release news that might materially affect security values. Before issuing major news (including dividends), companies must notify the NYSE, often at least 10 minutes prior to public release.Corporate Governance: Listed companies are required to have independent boards, audit committees, and implement written codes of business conduct.Annual Reports to Shareholders: Companies must make their annual audited financial reports available on or through their corporate websites and alert shareholders to their availability.3. Beneficial Ownership & Entity TransparencyCorporate Transparency Act (CTA): All NYSE-registered U.S. operating companies are subject to the federal Corporate Transparency Act, requiring them to report their ultimate beneficial owners (UBOs) to the Financial Crimes Enforcement Network (FinCEN) to prevent illicit finance.For official rulebooks, listed company manuals, and compliance resources, consult the NYSE Regulation hub or reference the Securities and Exchange Commission database.

[Naples19]

You must be a super lucky man to meet an anonymous person who is sharing that very deep information with you. You should be hired by Ackman or others big firm :)

[EternalPatience]

I am glad that the price did not drop to 1$, when someone who is the closest you can get to trump said that we are worthless after warrants. That's hugeeeee

[bradford86]

Sounds right to me. That is what I have been hearing from those similarly situated. At least you now at least know better. Plan accordingly and climb the capital stack to junior preferred like fnmas is my suggestion. Anti dilution provisions all day every day carry here because they will survive the tidal wave 🌊. Thanks for sharing and I am sorry that this is the way this plays out. I used to own commons until i realized they lacked secuity more than half a decade ago, but who knows. Happy memorial day!

[TieetCoolee]

The Warrants are for 80% of commons so if commons aren't worth anything, the Government's warrants aren't worth anything.

The "Nice Lady" couldn't get a real job so she went to work for the Government.

Bradford bought preffereds to borrow against their face value and buy more, repeat. They're not very liquid so when he needs cash he trolls these boards to get you to cash out your commons and buy his stagnant preferred issues. If yah can't think for yourself, you shouldn't own either issue, cash out and buy a CD coz you won't know what to do with the $$$ yah make owning $FMCC~ $FNMA~ anyway.