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http://shortsqueeze.com/shortinterest/stock/WMIH.htm
https://shortpainbot.com/?s=wmih
6,299,600 (short position down from 6,894,300)?
coz it is gonna plode?
Thanks so much for sharing (this post and the rest of your excellent DD) with us JusticeWillWin
Regards and GL
Hotmeat
IF Billions are finally coming?, Will they come through escrows or through WMIH?
{ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139196773 }
I don't know, and (respectfully) you don't know either, those in the know (Mediation parties*; ) know
{ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139196461 }
Regards and GL
Mediation parties*
www.kccllc.net/wamu/document/0812229111011000000000012
{ Court Docket: #8780; Document Name: Order Appointing Mediator
Date Filed: 10/11/2011 ; pages of the filing: 5; signed by MF Walrath? : Yes }
683 Capital Partners, LP
595 Madison Ave., 17th Floor
New York, New York, 10022
Black Horse Capital LP
338 S. Sharon Amity Rd. #202
Charlotte, NC 28211
Black Horse Capital Master Fund Ltd
c/o M&C Corporate Services Limited
P.O. Box 309GT
Ugland House, South Church Street
George Town, Grand Cayman
Cayman Islands
Greywolf Capital Overseas Fund II
4 Manhattanville Road, Suite 201
Purchase, NY, 10577
Greywolf Capital Overseas Master Fund
c/o Greywolf Capital Management LP
4 Manhattanville Road, Suite 201
Purchase, NY, 10577
Greywolf Capital Partners II LP
c/o Greywolf Capital Management LP
4 Manhattanville Road, Suite 201
Purchase, NY, 10577
Greywolf Structured Products Master
Fund, Ltd.
c/o Greywolf Capital Management LP
4 Manhattanville Road, Suite 201
Purchase, NY, 10577
Guggenheim Portfolio Company VII, LLC
660 Madison Avenue 20th Floor
New York, NY 10021
HFR RVA Combined Master Trust
3033 Excelsior Boulevard, Suite 300
Minneapolis, MN 55416
IAM Mini-Fund 14 Limited
3033 Excelsior Boulevard, Suite 300
Minneapolis, MN 55416
LMA SPC for and on behalf of the MAP 89
Segregated Portfolio
c/o Pine River Capital Management L.P.
601 Carlson Parkway, Suite 330
Minnetonka, MN 55305
Lonestar Partners, LP
One Maritime Plaza
Suite 1105
San Francisco, CA 94111
Nisswa Convertibles Master Fund Ltd.
c/o Pine River Capital Management L.P.
601 Carlson Parkway, Suite 330
Minnetonka, MN 55305
Nisswa Fixed Income Master Fund Ltd.
c/o Pine River Capital Management L.P.
601 Carlson Parkway, Suite 330
Minnetonka, MN 55305
Nisswa Master Fund Ltd.
c/o Pine River Capital Management L.P.
601 Carlson Parkway, Suite 330
Minnetonka, MN 55305
Paige Opportunity Partners LP
630 3rd Avenue, 6th Floor
New York, NY 10017
Paige Opportunity Partners Master Fund
630 3rd Avenue, 6th Floor
New York, NY 10017
Pandora Select Partners, LP
3033 Excelsior Boulevard, Suite 300
Minneapolis, MN 55416
Pines Edge Value Investors Ltd.
c/o Pine River Capital Management L.P.
601 Carlson Parkway, Suite 330
Minnetonka, MN 55305
Scoggin Capital Management II LLC
660 Madison Avenue 20th Floor
New York, NY 10021
Scoggin International Fund Ltd
660 Madison Avenue 20th Floor
New York, NY 10021
Scoggin Worldwide Fund Ltd
660 Madison Avenue 20th Floor
New York, NY 10021
{D0205467.1 }3
Visium Global Master Fund, Ltd.
950 Third Avenue, 29th Floor
New York, NY 10022
VR Global Partners, L.P.
c/o Admiral Administration Ltd
Admiral Financial Center
5th Floor, 90 Fort Street
P.O. Box 32021 SMB
George Town, Grand Cayman, KY1-1208
Cayman Islands
Whitebox Asymmetric Partners LP
3033 Excelsior Boulevard, Suite 300
Minneapolis, MN 55416
Whitebox Combined Partners, LP
3033 Excelsior Boulevard, Suite 300
Minneapolis, MN 55416
Whitebox Convertible Arbitrage Partners,
LP
3033 Excelsior Boulevard, Suite 300
Minneapolis, MN 55416
Whitebox Hedged High Yield Partners, LP
3033 Excelsior Boulevard, Suite 300
Minneapolis, MN 55416
Whitebox Special Opportunities Fund LP,
Series B
3033 Excelsior Boulevard, Suite 300
Minneapolis, MN 55416
Are/were those the members of the TPS Consortium ?
{ www.kccllc.net/wamu/document/0812229110616000000000010 }
Did they sell? { https://whalewisdom.com/stock/wmih }
also pretty clear that,
how much NET CASH (net of received fees) has KKR put into WMIH ? is it a positive or negative (minor than zero) amount of cash?
KKR WMIH Beneficial ownership without (any NET) cash in?
so, there has been dilution destruction of cash , but not that much dilution, destruction of wmih shares, WHY?
coz ?
forget about escrows and focus on WMIH ;)?
{ https://investorshub.advfn.com/boards/replies.aspx?msg=139196461 }
It is pretty clear that TPS and Michael L. Willingham (and many others) were parties in mediation
{ www.kccllc.net/wamu/document/0812229111011000000000012 ; Court Docket: #8780; Document Name: Order Appointing Mediator ;Date Filed: 10/11/2011 ; pages of the filing: 5; signed by MF Walrath? : Yes }
TPS released "all/only" Class 19 ?
Michael L. Willingham released "all/only" Class 22?
as a WMIH holder who released "all/only" Class 19 follow* TPS?
as a WMIH holder who released "all/only" Class 22 follow* Michael L. Willingham?
as a WMIH holder who released Class 19 and Class 22 follow* TPS (with the shares you received for releasing Class 19) and Michael L. Willingham (with the shares you received for releasing Class 22)?
Same logic with other classes?
* : precisely, in %, follow the monetary steps of parties in mediation? Did parties in mediation sell WMIH shares? ; If so, How many (in %) of their own respective holdings, (in %) of aggregate holdings of parties in mediation?
{ See https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139196461 }
WMI LIQUIDATING TRUST
FREQUENTLY ASKED QUESTIONS (“FAQS”) REGARDING TAX RELATED MATTERS
(Please read carefully.)
{ www.kccllc.net/documents/8817600/8817600120327000000000001.pdf } page 2/10 :
"...
2. What are the Liquidating Trust Assets?
The assets that are to be held and distributed by the Liquidating Trust (the “Liquidating
Trust Assets”) comprise all of the assets of Washington Mutual, Inc. (“WMI”) and WMI
Investment Corp. (“WMI Investment” and together with WMI, the “Debtors”)) as of March 19,
2012 (the “Effective Date”), other than:
(a) Cash to be distributed by the Reorganized Debtors (i.e., the Debtors on and from
the Effective Date) pursuant to the Plan as Disbursing Agent to holders of
Allowed Administrative Expense Claims, Allowed Priority Tax Claims (to the
extent applicable), Allowed Priority Non-Tax Claims, Allowed Convenience
Claims, Allowed WMI Vendor Claims, and Allowed Trustee Claims;
(b) Cash necessary to pay the fees and expenses owed to certain Creditors’
professionals pursuant to Section 41.15 of the Plan;
(c) Cash necessary to reimburse the Reorganized Debtors for fees and expenses
incurred in connection with initial distributions made by the Reorganized Debtors
as Disbursing Agent;
(d) Creditor Cash on the Effective Date; and
(e) the equity interests in (i) WMI Investment (all the assets of which shall be
contributed to the Liquidating Trust, including any Intercompany Claims), (ii)
WM Mortgage Reinsurance Company (“WMMRC”), and (iii) Washington
Mutual Bank (the stock in Washington Mutual Bank was worthless and was
abandoned by WMI shortly before the Effective Date). ..."
I will edit (e):
(e)the equity interests in (i) WMI Investment (all the assets of which shall be
contributed to the Liquidating Trust
and then to WMIH?
OR
and then to escrows?
,
including any Intercompany Claims),
and then to WMIH?
OR
and then to escrows?
,
I dont know, those in the know know,
again:
I dont know, those in the know know,
JMHO
Who were/are those in the know?
Mediation parties?
www.kccllc.net/wamu/document/0812229111011000000000012
{ Court Docket: #8780; Document Name: Order Appointing Mediator
Date Filed: 10/11/2011 ; pages of the filing: 5; signed by MF Walrath? : Yes }
KKR came later & it aint in the same boat than parties in mediation?
Did parties in mediation sell WMIH shares?
If so, How many (in %) of their own respective holdings, (in %) of aggregate holdings of parties in mediation?
Follow the money is quite abstract and may lead to confusion and monetary loss or to a minor monetary gain :)?
precisely, in %, follow the monetary steps of parties in mediation?
or, if you need the cash exit in the 5-7 $/share boat?
Forget about the rest?
Want out, with your cash?
Please Sirs, lets get this thang done, it's about time to finish this, aint it ;) ?
JMHO
JerryLev,
I'm not sure of the way DA BOYZ will choose to pay us (pending monies, if any, probably many, through our escrow shares); I believe DA BOYZ will choose a smart way to do this, coz they are (in this particular issue) in the same boat.
Watchdogging this proccess is now as necessary as it was in the worst moments of the bankruptcy
Let's see what 2018 brings, things seem to be accelerating
Regards
Yep,
Fred, please, make us/you a favour & dont (Mr.) Scrooge yourself any more, it aint good/pretty/healthy, the clock is ticking
Hi Seamus3500
"... AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of February 12, 2018, among NATIONSTAR MORTGAGE HOLDINGS INC., a Delaware corporation (the “Company”), WMIH CORP., a Delaware corporation (“Parent”) and WAND MERGER CORPORATION, a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”). Parent, the Company and Merger Sub are referred to individually as a “Party” and collectively as “Parties”.
"... Section 2.6 Cash and Stock Elections.
(a) Each Person who, on or prior to the Election Deadline, is a record holder of shares of Company Stock (including Company Restricted Stock) other than Appraisal Shares shall be entitled to specify the number of such holder’s shares of Company Stock with respect to which such holder makes a Cash Election or a Stock Election. For purposes of this Section 2.6, any reference to “shares of Company Stock” shall also include Company RSUs, as applicable, mutatis mutandis.
(b) Parent shall prepare and file as an exhibit to the Registration Statement, a form of election (the “Form of Election”) in form and substance reasonably acceptable to the Company. Not less than twenty (20) Business Days prior to the Election Deadline, the Exchange Agent shall mail the Form of Election to all Persons who are record holders of shares of Company Stock as of the record date for the Company Meeting. The Form of Election shall be used by each record holder of shares of Company Stock (or, in the case of nominee record holders, the beneficial owner through proper instructions and documentation) to elect either a Cash Election or a Stock Election as to each such share of Company Stock held by such holder. In the event that a holder fails to make a
19
Cash Election or a Stock Election with respect to any shares of Company Stock held or beneficially owned by such holder by the Election Deadline, then such holder shall be deemed to have made a Stock Election with respect to those shares of Company Stock for which no election was made (each such share of Company Stock, a “Non-Electing Company Share”). The Exchange Agent shall use its reasonable best efforts to make the Form of Election available to all Persons who become record holders of shares of Company Stock during the period between the record date for the Company Meeting and the Election Deadline, and the Company shall provide to the Exchange Agent all information reasonably necessary for it to perform as specified herein and as specified in any agreement with the Exchange Agent.
(c) Any holder’s election shall have been properly made only if the Exchange Agent shall have received at its designated office by 5:00 p.m., New York City time, on the date that is three (3) Business Days preceding the Closing Date (the “Election Deadline”), a Form of Election properly completed and signed and accompanied by any additional documents required by the procedures set forth in the Form of Election. After a Cash Election or a Stock Election is validly made with respect to any shares of Company Stock, no further registration of transfers of such shares of Company Stock shall be made on the stock transfer books of the Company, unless and until such Cash Election or Stock Election is properly revoked in accordance with Section 2.6(e).
(d) Parent and the Company shall publicly announce the anticipated Election Deadline at least five (5) Business Days prior to the anticipated Election Deadline. If the Closing Date is delayed to a subsequent date, the Election Deadline shall be similarly delayed to a subsequent date, and Parent and the Company shall promptly announce any such delay and, when determined, the rescheduled Election Deadline.
(e) Any Cash Election or Stock Election may be revoked with respect to all or a portion of the shares of Company Stock subject thereto by the holder who submitted the applicable Form of Election by written notice received by the Exchange Agent prior to the Election Deadline. If a Cash Election or a Stock Election is revoked, the shares of Company Stock as to which such election previously applied shall be treated as Non-Electing Company Shares in accordance with Section 2.6(b) unless a contrary election is submitted by the holder within the period during which elections are permitted to be made pursuant to Section 2.6(c). The accounts of holders of Book-Entry Shares will not be credited at the Depository Trust Company, unless the holder so requests.
(f) The reasonable good faith determination of the Exchange Agent (or the reasonable good faith determination of Parent, in the event that the Exchange Agent declines to make any such determination) shall be conclusive and binding as to whether or not Cash Elections and Stock Elections shall have been properly made or revoked pursuant to this Section 2.6, as to when Cash Elections, Stock Elections and revocations were received by the Exchange Agent and to disregard immaterial defects in the completed Forms of Election. None of Parent or the Company or the Exchange Agent shall be under any obligation to notify any Person of any defect in a completed Form of Election. The Exchange Agent (or Parent, in the event that the Exchange Agent declines to make the following computations) shall also make all computations contemplated by Section 2.5(b), and absent manifest error this computation shall be conclusive and binding. The Exchange Agent may, with the written agreement of Parent (subject to the consent of the Company, which shall not be unreasonably withheld, delayed or conditioned), make any rules as are consistent with this Section 2.6 for the implementation of the Cash Elections and Stock Elections provided for in this Agreement as shall be necessary or desirable to administer these Cash Elections and Stock Elections...."
{ See https://www.sec.gov/Archives/edgar/data/933136/000119312518045940/d539539dex21.htm }
Apparently both WMIH & NSM will let us know...
Comments on this would be appreciated,
Kind Regards
"... PPS should be at least $2,160 / 1,117 = $1.93 post-merger, not factoring in any growth in the next years, just tangible book value / outstanding shares ... "
thanks for sharing JWW, superb job,
Regards
GL
Date Short Volume Total Volume Percent
2018-03-07 758,715 1,699,833 45%
2018-03-06 605,883 1,320,616 46%
2018-03-05 500,643 1,070,864 47%
2018-03-02 402,545 1,000,556 40%
2018-03-01 645,310 1,235,093 52%
2018-02-28 722,483 1,369,732 53%
2018-02-27 243,446 693,263 35%
2018-02-26 488,696 1,244,095 39%
2018-02-23 852,093 1,724,102 49%
2018-02-22 279,558 1,577,554 18%
http://shortvolumes.com/?t=wmih
I did
"... Everyone remembers that ?!
http://www.kccllc.net/documents/8817600/8817600170920000000000001.pdf
Quote:
2. What are the Liquidating Trust Assets?
The assets that are to be held and distributed by the Liquidating Trust (the “Liquidating
Trust Assets”) comprise all of the assets of Washington Mutual, Inc. (“WMI”) and WMI
Investment Corp. (“WMI Investment” and together with WMI, the “Debtors”)) as of March 19,
2012 (the “Effective Date”), other than:
(a) Cash to be distributed by the Reorganized Debtors (i.e., the Debtors on and from
the Effective Date) pursuant to the Plan as Disbursing Agent to holders of
Allowed Administrative Expense Claims, Allowed Priority Tax Claims (to the
extent applicable), Allowed Priority Non-Tax Claims, Allowed Convenience
Claims, Allowed WMI Vendor Claims, and Allowed Trustee Claims;
(b) Cash necessary to pay the fees and expenses owed to certain Creditors’
professionals pursuant to Section 41.15 of the Plan;
(c) Cash necessary to reimburse the Reorganized Debtors for fees and expenses
incurred in connection with initial distributions made by the Reorganized Debtors
as Disbursing Agent;
(d) Creditor Cash on the Effective Date; and
(e) the equity interests in (i) WMI Investment (all the assets of which shall be
contributed to the Liquidating Trust, including any Intercompany Claims), (ii)
WM Mortgage Reinsurance Company (“WMMRC”), and (iii) Washington
Mutual Bank (the stock in Washington Mutual Bank was worthless and was
abandoned by WMI shortly before the Effective Date). ... "
{ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139029158 }
Some hearings related to the employee claims have been re-scheduled to be held on feb 2019, the rest? Is noise IMHO
aint much mercy in the posts of this hub, aint no cash from heavenly trusts? Is it gonna change?
Fingers crossed
GL
Court Docket: #12462
Document Name: Tenth Joint Order Further Amending Scheduling Orders with Respect to Employee Claims Hearing and Adversary Proceedings
{ http://www.kccllc.net/wamu/document/0812229180306000000000001 }
BBANBOB
I agree,
" ... (vi) the approval for listing the WMIH Common Stock issuable in the Merger on the NASDAQ Global Select Market, subject to official notice of issuance..."
{ https://www.sec.gov/Archives/edgar/data/933136/000119312518045940/d539539d8k.htm }, in the 5-7 range DA BOYZ / DA SHORTS { https://www.shortpainbot.com/?s=wmih } will garner shares of WMIH common stock, at current pps?? it ain't that easy
" ... We are lucky to even be
having a conversation as to what will come as this never
happens for the average investor... "
yes , we are very lucky
Fingers crossed
Regards
Yep, it has been a long journey, DA BOYZ didn't make it easy for retail to hold on, also, WMIH retail ain't any retail, is tough retail, probably DA BOYZ know this by know, it will be easier for them to garner WMIH shares from NSM holders (than from current WMIH holders)
If they wanna take this down to below 1 pps before merger, it's ok with me, I would probably add more under that scenario
JMHO
Regards
You are not slow,
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139061406
Regards
Thanks jhdf51, My "math" was obviously too tiny to be right, again, thanks for your input , lets see if the deal is closed, the gates opened, and what BIG BOYZ do then
Regards
21,197,619 x A ≥ {30,700,000 x (A - 1.32)} + {30,700,000 x (A - 1.43)}
21,197,619 x A ≥ (61,400,000 x A) - 30,700,000 (1.32 + 1.43)
21,197,619 x A ≥ (61,400,000 x A) - 84,425,000
A ≥ 2,0999999975125851376812731564332
Trade shares of WMIH common stock accordingly?
Will I stand corrected/completed if I'm wrong/incomplete?
Hopefully I will
JusticeWillWin,
Would you exchange 61,400,000 warrants for 21,197,619 shares if implied WMIH pps is (only) 1.75? { https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139053682 }
Has Fortress agreed to value WMIH at $1.75 per share (coz it's really worth more than that)?
Regards
Yep, I know this tiny reflexion ain't complete and it ain't taking NOL's ownership change issues (if any) into consideration, but, in my view? It ain't trivial that :
"... On February 12, 2018, WMIH and KKR Wand Holdings entered into a Warrant Exchange Agreement (“Warrant Exchange Agreement”), pursuant to which, conditioned and effective upon the effectiveness of the Merger, KKR Wand Holdings has agreed to exchange the warrants it holds, which are exercisable for an aggregate of 61,400,000 shares of WMIH common stock, for 21,197,619 shares of WMIH common stock..."
{ https://www.sec.gov/Archives/edgar/data/933136/000119312518045940/d539539dex21.htm } ;
61,400,000 Warrants; 31,200,000 @ 1.32 (a share) + 31,200,000 @ 1.43 (a share)
{ media.kkr.com/media/media_releasedetail.cfm?ReleaseID=822950 }
21,197,619 x A ≥ {31,200,000 x (A - 1.32)} + {31,200,000 x (A - 1.43)}
21,197,619 x A ≥ (61,400,000 x A) - 85,800,000
A ≥ 2.1342019518694676317803166931829
Trade shares of WMIH common stock accordingly?
Will I stand corrected/completed if I'm wrong/incomplete?
Hopefully I will
Investen, dont think so, we have a drop in pps with a volume of 900 shares, anyway, with the links provided in my posts you can monitorize all about this company and its evolution, i´m in the (set and) forget phase of my investment here,
Regards
My pleasure Mattchew, just the 10-k
Regards & GL
After almost ten years involved in this I'm not overly concerned about short term WMIH pps, specially now that we know the deadline for the NSM deal
In my view? : forget about short term noise and focus in medium/long term term return$
Fingers Cro$$€d
GL
WMIH Corp. Regains Compliance With Nasdaq Minimum Bid Price Listing Requirement
" SEATTLE, March 1, 2018 /PRNewswire/ -- WMIH Corp. (NASDAQ: WMIH) ("WMIH") received written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") that WMIH has regained compliance with Nasdaq Listing Rule 5550(a)(2) as a result of the closing bid price of the WMIH's common stock, par value $0.00001 per share, being greater than $1.00 per share for ten consecutive business days as of February 28, 2018 "
https://www.prnewswire.com/news-releases/wmih-corp-regains-compliance-with-nasdaq-minimum-bid-price-listing-requirement-300607126.html
Yep, I agree, patience has not been properly rewarded here yet, we are still in "patience is required time", but from now on, it will be reward€d
Will the shorts have the guts (and $) to move this significantly down (bellow $1 a share?)? :)
Short Interest 6.89 million (up) { https://www.shortpainbot.com/?s=wmih }
Interesting battle
Longs deserve a good outcome here, fingers crossed
Regards
" ... As of December 31, 2017, WMIH had approximately $578.9 million of restricted cash held in escrow, which represents the net proceeds of the Series B Preferred Convertible Stock issuance, net of fees and expenses paid in pursuit of acquisitions. The funds held in escrow are only available for Acquisitions and Qualified Acquisitions (as defined in WMIH's Amended and Restated Certificate of Incorporation). Additionally, WMIH had $28.9 million of unrestricted cash available for general corporate purposes as of year-end. ..."
" .. Shares used in computing diluted net income (loss) per share
212,660,917 (Year ended December 31, 2017)
235,406,360 (Year ended December 31, 2016)
201,746,613 (Year ended December 31, 2015) ..."
https://www.prnewswire.com/news-releases/wmih-corp-reports-2017-annual-financial-results-300606582.html
FNBCQ comes from (Dec 2015) more than 40 bucks a share :)
Sometimes the "market" (just a few folks here) takes its time to react to (already released) info, nothing new ( http://www.4-traders.com/FIRST-NBC-BANK-HOLDING-CO-34912586/news-history/ ) IMO,
Regards
https://www.shortpainbot.com/?s=wmih
Approximate Amount of Money Shorts Have Lost on the Day: $146.3 thousand
Short Interest 4.88 million
"... The minutely small 0.06% portfolio stake in WMIH Corp. (WMIH) was kept steady this quarter. Tepper has a ~3.6% ownership stake in WMIH ..."
https://seekingalpha.com/article/4148783-tracking-david-teppers-appaloosa-management-portfolio-q4-2017-update?page=6
https://static.seekingalpha.com/uploads/2018/2/20/106657-15191227153340003.jpg
http://volumebot.com/?s=wmih
Aggregate Short Volume Data Reported to FINRA
Date Short Volume Total Volume Short Percent
02-15-2018 635,073 1,137,087 55.85%
02-14-2018 999,136 1,895,005 52.72%
02-13-2018 4,687,034 8,510,836 55.07%
02-12-2018 66,457 114,731 57.92%
02-09-2018 120,500 176,748 68.18%
02-08-2018 138,627 193,622 71.6%
02-07-2018 63,492 198,206 32.03%
02-06-2018 53,649 197,221 27.2%
02-05-2018 77,763 153,482 50.67%
02-02-2018 30,874 157,593 19.59%
02-01-2018 75,905 294,314 25.79%
01-31-2018 23,572 122,271 19.28%
01-30-2018 16,839 124,904 13.48%
01-29-2018 4,203 101,839 4.13%
01-26-2018 29,492 119,774 24.62%
01-25-2018 45,977 258,597 17.78%
01-24-2018 46,517 148,890 31.24%
01-23-2018 93,538 327,044 28.6%
01-22-2018 15,866 102,238 15.52%
01-19-2018 23,500 110,056 21.35%
this (battle) is interesting :)
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001731113&action=getcompany
KKR Wand Holdings Corp CIK#: 0001731113
Very true, fingers crossed
Regards
https://www.sec.gov/Archives/edgar/data/933136/000114036118008686/xslF345X02/form3.xml
Series A Convertible Preferred Stock (1) (1) Common Stock 10,065,629 1.1 D(2)(3)
Warrants (4) 01/30/2019 Common Stock 30,700,000 1.32 D(2)(3)
Warrants (4) 01/30/2019 Common Stock 30,700,000 1.43
interesting: expiration day of the warrants (01/30/2019)
if they convert everything their (approx: there have been previous payments etc) average pps will be :
{(10,065,629 x 1.1) + (30,700,000 x 1.32) + (30,700,000 x 1.43)} / 71,465,629 = 1.336267423
so if they convert series A + warrants@1.32 + warrants@1.43 their pps will be
$1.336267423
https://www.sec.gov/Archives/edgar/data/933136/000114036118008570/formsc13da.htm (Amendment No. 2)
"... AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,465,629..."
"...This Amendment No. 2 supplements and amends the Schedule 13D filed on January 7, 2015 by certain of the Reporting Persons (as defined below), as amended by Amendment No. 1 to the Schedule 13D filed on January 9, 2018 (as so amended, the “Schedule 13D”), relating to the shares of Common Stock, par value $0.00001 per share (the “Common Stock”), of WMIH Corp., a Delaware corporation (the “Issuer”), and represents an initial filing of Schedule 13D by each of KKR Wand Holdings Corporation, Tagar Olson and Christopher Harrington. Each Item below amends and supplements the information disclosed under the corresponding Item of the Schedule 13D. Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Statement. Unless otherwise indicated herein, capitalized terms used but not defined in this Amendment No. 2 shall have the same meanings herein as are ascribed to such terms in the Schedule 13D. ..."
https://www.sec.gov/Archives/edgar/data/933136/000110465915001040/a15-1349_3sc13d.htm ( Schedule 13D filed on January 7, 2015 ) "...Aggregate Amount Beneficially Owned by Each Reporting Person
71,465,629 ..."
https://www.sec.gov/Archives/edgar/data/933136/000114036118001466/formscda.htm ( Amendment No. 1 to the Schedule 13D filed on January 9, 2018 ) "... AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,465,629 ..."
I will stand corrected if I'm wrong, but I see this as KKR (as a group) with the same number of wmih beneficial shares (since Jan 7 2015)
so within expectations, good
Regards