Replies to post #194807 on Fannie Mae-No Politics (FNMA)

[malebaboon]

Moonmaker - Out of posts, so I will edit this one.

Yes, he would have to file a statement of material change. Not certain of the timing. My own opinion is he is involved up to his neck in orchestrating the drop, but that's just an opinion with nothing substantiating it beyond his known propensity for shorting and the fact that he wouldn't make any comment about the falling share price when others were going on record, and he had been a vocal bull in the preceding months.

Also, he looks like a sociopath. :)

Activist investor, right.


He could short the $#&# out of it, and it wouldn't reflect ANY material change in his holdings, but it would swell his coffers.

MB

[thewhale]

I’m waiting to see Ackman’s filing too. He’s just not a very popular guy with many in finance and gov’t and I can’t see them releasing the GSE’s with Pershing holding 10% of the undiluted common. Some big holders unwound the past week, but who?

[stockprofitter]

Who cares if Ackman Sold.
Those shares are in stronger hands now.

Perhaps he will be buying back at $8 and $10 who knows?

[obiterdictum]

"Promptly" is not spelled out any where in the rules.

It seems it would mean within 10 days.

Here is the full rule for SC 13D amendments.

17 CFR 240.13D-2 - FILING OF AMENDMENTS TO SCHEDULES 13D OR 13G.
http://www.law.cornell.edu/cfr/text/17/240.13d-2