Can anyone tell me what will happen to my FRE stock I owned?

[nnikkipoo]

Do I still own this stock?

[sciquest]

You still own the stock. The company just has the conservatorship as its new management. And it just got an investment commitment from the richest investor, the U.S. Treasury. To avoid negative publicity the conservatorship management and the Treasury Dept investor will keep repeating that the billions of taxpayers' money will be invested in a special class of preferred stock that will be of highest liquidation seniority. Since your common shares is the last account in line to receive any leftover asset, the government is explicit that it makes no promise of protecting your common shares' value. Once the urgency of the cash flow problem is over, unless the company becomes part of a new agency of the U.S. federal government, the present "marshall law" will be of bad taste and common shareholders will still be the one who has proportionate voting power.