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Saborte79

06/23/13 12:12 PM

#73842 RE: Apophis #73840

Lool
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Bodach

06/23/13 12:12 PM

#73843 RE: Apophis #73840

Why cancel the common if it was not the company's fault for the need of a bailout in the first place? While the hedge funds are primarily invested in the preferred, they are partially involved with the common as well. They will fight for what is obvious and ethical. It's not as if newer common holders are not part of the bailout equation either. There is a reason the government did not take 100 percent. The current public back fall needs to be rewarded as well. To do otherwise is a racket.
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HedgeMyRide

06/23/13 12:51 PM

#73851 RE: Apophis #73840

FNMA 10K (i.e., the horse's mouth):

Common Stock Warrant

Pursuant to the senior preferred stock purchase agreement, on September 7, 2008, we, through FHFA, in its capacity as
conservator, issued a warrant to purchase common stock to Treasury. The warrant gives Treasury the right to purchase shares
of our common stock equal to 79.9% of the total number of shares of our common stock
outstanding on a fully diluted basis
on the date of exercise, for an exercise price of $0.00001 per share. The warrant may be exercised in whole or in part at any
time on or before September 7, 2028.


IN ADDITION: Treasury may not terminate its funding
commitment under the agreement solely by reason of our being in conservatorship, receivership or other insolvency
proceeding, or due to our financial condition or any adverse change in our financial condition.


Question: With ALL funds and institutions BUYING FNMA last quarter and selling NONE, do you really want to bet against Wall Street here?

**Tepper on CNBC last month: "For guys that are short, they better have themselves a shovel to get out of the grave."

**more like a backhoe, IMHO, : )


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Cash47873

06/23/13 12:58 PM

#73854 RE: Apophis #73840

What you think and $5 still won't get you a cup of coffee at Starbucks there Chromeo. There are already at least two class action suits in federal court that represent shareholders. There will be many more if even a hint of what you suggest is uttered. I'm not sure what you know about politics but watch you will, learning however is not guaranteed.