InvestorsHub Logo
Followers 203
Posts 13574
Boards Moderated 3
Alias Born 10/26/2008

Re: Boris the Spider post# 450585

Thursday, 05/05/2016 3:34:24 PM

Thursday, May 05, 2016 3:34:24 PM

Post# of 725171
Boris, remember WMIH has incorporated is Delaware officially around 5/10/2015 about two weeks after the June 2015 Shareowners's meeting was moved up to April 28, 2015. This is also when the two high powered, distressed debt experienced Executives joined WMIH and were given 1.77 million common WMIH shares pending a 450 million dollar or more qualified acquisition and WMIH also approved authorizing a total of 3.5 billion common WMIH shares and increasing from five to ten million preferred shares.

Now keep in mind, WMIIC has been incorporated for years in Delaware and these two so called semis are parked at the Delaware alter ready to be married (merged) together at some point.

It could be WMIIC is buying this asset you speak about and remember a key point about Delaware law unlike ANY other state, when WMIIC is officially merged with WMIH, either one can be the sole remaining survivor. So now I am almost believing that WMIIC WILL BE the sole surviving entity between the two.

Bottom line is we may hear about WMIH/WMIIC forward plans any day once this merger you mentioned is complete with WMIIC being the surviving company if this is the actual merger partner and plan.

Exciting times ahead and have I told you lately how much more I really do love my Escrow Shares?
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News