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Re: rockie101 post# 418296

Thursday, 03/26/2015 2:52:33 PM

Thursday, March 26, 2015 2:52:33 PM

Post# of 727347
my recollection is the pfd shares convert at something similar to a 30 day weighted average. These would be the pfd shares that KKR and Citi put together for their client. The plan as i understand it is this pfd money will be used to purchase profitable companies. but wmih has a large Dfd Tax Asset or NOL and will can basically just not have to pay taxes for years and years. 20 years. i think.
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