Friday, January 30, 2015 2:45:43 PM
Why is this important?
We know equity survived and was basically part of a reverse split. of 30-1
Hypothetically speaking... TPG owned 870M shares of common equity in WMI
870/30= 29 MILLION X $2.15 = 62.35 Million current stake for TPG Capital L.P is a private corporation, so no way to look this up. WMIH does not have to disclose them either. Not until they jump exchanges, then they will be required to disclose them.
That makes them a 5% owner in WMIH.
They have not ever filed with the court since exit of changing that status!
They are still with us!
Makes the ability of shareholders to see the future potential of this company as a plus, another dollar in the stocking.
Blue
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