... Cura, - Yes, - in Response ...
... Considering all issues, as we have moved forward, ... The way I consider our current situation, ... Next up ? - should be a reveal of value from the WMI Liquidating Trust ... giving WMIH-Corp a target of value to attempt to aquire' ... obviously as the two, WMIH and the WMILT remain connected ... via' ... the sub' ... WMIIC ...
WMIH-Corp, isn't any different now, than it was on March 20th, 2012 ... other than the logistical moves we have witnessed ... the move to Delaware, ... the increased share availability, ... the shuffle around the BOD's ... etc, etc,
So, ... since a ... "merger" ... isn't mentioned in the current financing agreement as a - qualified action' - ... and an ... "acquisition target" ... can not be larger than the company at hand in its present state, without screwing around with the "we believe" potential tax benefits' ... Capital Loss or Net Operating Loss, or a utilized combination of the same ... then what ? ... right ? ...
So, ... what makes sense to me ? ... is an internal move between WMIH-Corp and WMIIC ... once the WMI Liquidating Trust, releases a reveal of value - and a target value for WMIH to attempt to acquire with it's only actual currency of value' ... shares of itself, ... now, increased of course to 3.5 billion available and now also, more stabilized after moving to the NASDAQ' ...
WMIIC asset value which belongs to the WMI Liquidating Trust' ... cash and assets' ... as the (-esc) escrow tracking markers, a participant received for their submitted release, are utilized as the counting mechanism to determine to what level one will receive their individual allocation of return ...
again, ... the cash is an easy distribution, and we now know how a share distribution would work, ... again, now after we have witnessed the LT recently distribute the 1.4 million share overage'
... These are my conclusions and opinions, and why I'm sticking around' ...
Per the Plan of Reorganization, The WMILT, owns the assets within WMIIC, and WMIH-Corp owns the equity value' ... WMIH-Corp, other than using its financing agreement, putting the company into debt' and dilution if utilized, only has its own shares as a value of currency, to do business with the WMILT ...
Also, WMIIC ... IS ... eliminated upon consolidation, ... and' ... the recently updated 2015' WMIH Proxy, explains how all of these actions can be accomplished, ... without the need for shareholder approval' ...
AZ
