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Could there end up being a lesser ratio of shares proposed in the reverse split if the WMIH share price rises considerably on it's own before the official proposal/vote date is announced?
A 1/5 RS would get the share price over the magical $5 mark that would allow more funds to get involved, yet shareholders would keep many more of their shares. This would "put the ball in the court" of the company to execute in order the raise the share price to lofty levels not artificially raise it there through a 1/12 reverse split. As a shareholder, it makes a lot of sense to me.
Can't a 1/5 RS serve the same purpose and allow shareholders to retain more shares? This would hold the company more accountable to deliver share price gains through earnings produced not the enormous 1/12 RS.
I would prefer a 1/5 RS to a 1/12 RS. I feel it would hold to company more accountable to growth through earnings produced.
What exactly are Alvarez and Marsal doing for the estate?
Is there likely some short covering today? If not, what's behind this nice rally after the reverse split news?
lodas, what's your take on the reverse split? Does it have long-term merit for shareholders?
Why not a 1 for 5 RS? Open it up to more funds and institutional buying at $5. Then get to $18 with good earnings. To me this 1 for 12 RS takes some pressure of the company to actually produce to raise the share price considerably.
How will the this 1 for 12 RS create potential short covering that will raise the share price before the reverse split?
Why not just a 1 for 5 reverse split? That would take the SP over $5 and make WMIH eligible for many funds and institutions to buy. Can shareholders realistically vote the reverse split down? 1 for 12 is "sapping" too many shares from shareholders. The WMIH board needs be more concerned with getting this company's earnings on the right track.
Barchart has a "STRONG BUY" on WMIH.
"The Barchart Technical Opinion rating is a 72% Buy with a Strongest short term outlook on maintaining the current direction.
Longer term, the trend strength is Strong. Long term indicators mostly agree with the trend."
Another SP "upside" day with very good volume. That usually is a positive sign of things to come. We'll see. "1m volume in the last 20 mins". That's wild !
Something about closing up with over 20 M shares traded makes me think positive about WMIH. I feel there was some serious short covering today when it dipped. If so, another positive. There is definitely obvious interest in WMIH. It should be interesting going forward.
WM Escrows = a long-term nightmare. How else can it be put?
Large Green, please comment on your contention that more shares were needed by shareholders for the merger to not have a change of ownership? Were you simply wrong?
Same ole', same ole' for . Do they assume escrows holders will live forever? I just can't figure out why there can't be more upfront transparency. Will anything be coming eventually or not. Is this the kind of results Walrath, Susman and Willingham seemed to feel good about for escrows?
Something encouraging in the distribution report wouldn't hurt.
I'm still interested in the validity of Large Green's contention that the S4V is required to maintain ownership. Has this actually been disproved as yet?
I know this continues to be long-shot speculation, but wouldn't it be sweet for escrows to get a generous amount of WMIH shares in exchange for the rumored assets in the trusts? Then have the growth potential of an enhanced WMIH as a result of that. That scenario just might qualify as "fair and reasonable".It's nice to dream occasionally.
I wondered how and why such a high % of NSM shareholders voted for this merger. It's probably because the vote was controlled by the large amount of votes that Fortess had. Maybe Fortress was clued in to the game plan of, eventually, acquiring WMI loans for Mr Cooper to service. If I'm way off base on any of this, please enlighten me.
Mr Cooper needs those rumored escrows assets (loan portfolios in trusts ?) to service. Fits like a glove. Wonder if Bray has that in mind.
Large Green, you do lay it out there. Really hope you "hit a home run" on this one.
Large Green, what's the deal on the change of ownership issue that you insisted for so long was prevented by an S4V? Is that still an issue that might still be resolved by a S4V? I'm confused that the merger seemed to go on despite your contention.
I've heard good things about Mr. Cooper.
How respected is "Mr Cooper"?
It's good to have a proven pro like Bray in charge. Shareholders are in good hands long-term. I'd sure like to see what he could do with any WMI loan-related assets that might be laying around.
Is today's volume an all-time high for WMIH? Pretty good first day after the merger closed. Up over 5% with over 5 million volume.
Would be very interesting to see what an influx of escrows distributions money could do for the share price. It would be a great time for that to happen. It might just eliminate any further reverse split consideration.
A fair and reasonable escrows distribution would really help WMIH "take off". It would be a dynamic catalyst. The timing is right.
Large Green, I'd like to see your theory become reality. But it seems reality is setting in.
Might create a nice buying opportunity if sold on the WMIH long term potential.
A reversed split may help price appreciation long term with the added institutional possibilities.
Might open at the speculated $1.41 merger conversion price. Wasn't WMIH in the $1.55 range just yesterday? Why was that?
With this merger, as a WMIH shareholder, it feels like WMIH is now actually a tangible company. Not a shell company any more, I like it !
Wasn't the merger conversion price supposed to be $1.41? If so, will it open there tomorrow morning?
WMIH updated website looks pretty impressive. I guess the merger is completed. Wmih-corp.com
Is the merger officially closed? If so, I thought the conversion price was $1.41.
What will the WMIH share price likely be the day after the merger?
"Esrows are golden". Hope it's sometime within the decade.
So how are the original owners going to get more necessary shares for the merger to go through if there's no S4V?
Oberthal, great question. For some reason there is no hurry to even communicate with escrows, good or bad. It's very frustrating. If something is truly coming to escrows, what's wrong with someone with an official capacity laying out some sort of a timeline? The lack of communication has been and still is troubling to me.