I thought WMIH already owned this company (and it was the collateral to the senior and junior notes issued in an amount thought at the time to be the NPV of future incoming cash payments)
1. Does not WMIH own this already?
2. If it started with say a 200 million value - what might that value be today
How does anyone get to one billion for a RUNOFF company that has not issued any paper or done any new business in 5 years ?