You were saying that the stock was going to 0 at .25 cents. Who would listen to you?
None of you have to "listen". It's the same SOP on all these toxic pigs. They get pumped on silliness. A mob rule takes control of the board. Eventually the toxic pig is liquidated to zero bid and those that got caught up in it start posting how "we should've listened".
Don't listen. The facts are the government took control of this toxic POS. Their senior preferred have preference over all other classes of stock. They also own 79.9% of the common, diminishing your ownership to 20%. They've stripped away your voting rights and they extinguished your dividends so no matter how well FRE does under government ownership, your 20% will see NONE of it. The "stockholder value" they refer to is the senior preferred. That's their only concern.
They rigged the market by temporarily not allowing shorting. That is for the sake of the senior preferreds' 79.9% of the common stock, ie., the government.
Truth is, most of the common shareholders are big mutual funds with lots of small shareholders, not penny players on message boards, who have no importance to the economy per Paulson. Hence the delays with the bail-out in Congress, The Dems want provisions for Joe Taxpayer & the little guy. The GOP figures the little guy got what he deserves speculating in the free market. Which is ironic, seeing their mantra was "Less government". Now they come to the "government" to bail them out of their mess. The little guy is totally irrelevant to them.
I hope you took your profits here on this rigged bounce. Don't fall in love with this toxic pig and, good luck.
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