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They have to keep this price for 2 reasons. One the merger conversion price is already set up at around $1.40. Two the ceiling for the series B conversion into commmons is around that price as well.
Has nothing to do about market sentiment!!
Hopefully there will only be just one distribution and markers gone forever I dont want to get quarterly distributions.
You hear that BOD stop playing with our money.
I know, I was defending AZ cowboy. LOL not that he needs defending...
Custer cowboys are some of the smartest and dangerous gunmen in the world with an unrivaled set of skills, they have sharp eyes and fast reflexes. Lets not forget they carry a couple of 45 caliber revolvers, don't mess with them...
LOL, good one.
This company is all about the NOL's and acquisitions STOP with the Fantasy riches, multibillion hidden assets or safe harbor crap and stock for asset swap crap....
You'll get some small cash on your escrow. That's it
It is what it is!!
that does sound weird , something not kosher. You sure it was given postbankruptcy?? I would like to hear what Cotton thinks about this...
Well lets say they give you 50K shares *$10 = $500K for 10 year wait while they got billions. NO THAT's NOT OK in MY bOOK..
LOL, we been in the dark since day 1!! We don't need to know shiat
Where's the rest of the Moolah, SHOW ME THE MONEY!!
That seems low to me where are the rest of the riches you guys were talking about???
LG so you are saying 600M * 25% = 150M/1.2B = .125 share per 1 common share and 600M *75% = 450M/3M = 150 shares per 1 preferred share?????
I have both flavors it dont matter to me but we'll see if you even get to split anything 75/25 because as of now 75% of 0 is still zero. Simple math...
thank you newflow, he still does not get it though...
Preferreds needed commons to make use of the NOL's, PERIOD!! And don't tell me NOL's are not important or not the reason why this new company was formed like others are saying. Why do you think they have respected the no ownership change, Yeah they want to use the NOL's.....
Whether you like it or not commons are the owners of the estate and preferreds are just along for the ride. Face it without commons surviving preferreds would not be here. That is a FACT!!!
No there is not a single legal court document that even resembles the notion of our markers getting paid. Hopes, dreams and speculation don't get you paid unfortunately.
noone knows what they own,LMAO!!
theories on preferreds cash only?? no shares??
That is uninteresting tell me what the conversion will be!!
The whole problem here is years ago some people on this board became hysterical and started saying they should sell their commons and buy preferred because they would be worth more and become richer. Some bought into this nonsense and are bitterly pissed now but others like me saw thru the forest and simply kept their common positions and just added preferreds. If you decided not to keep all flavors is your own fault. Never take to heart what is said on a message board, use your own judgement too.
La avaricia rompio el saco
Big deal how many shares u bought at 77 cents 20,000? I have been accumulating shares every chance I get but none of us can buy millions of shares like the big players do or at least I can't.
Quote "The big money players stole my pie with the accumulation of shares at these prices"
And it was all legal....
What good is to have 500K or 1M WMIH shares if they are valued are less than $1 when dilution takes effect? I did not waited 10 years for that crap so sorry if Im not thrilled or happy.
The big money players stole my pie with the accumulation of shares at these prices
escrow=0, WMIH not worth the paper is printed on!
NSM is in BIG trouble this company is about to FLOP!!
Well,u dont have to be a rocket scientist to deduce that!!
Hey Voodoo, there's never been any proof we gonna get riches, you know better than that...
LOL, that was a good show.
Ummm I have an idea can you kindly show me as an example another bankruptcy in history were you have seen that happened. If you do I will not only be impressed I would believe you. How about that?
Common sense tells me what you are saying is higly unlikely.
That is absolutely ludicrous $14K a share and after a supposed bankrupt stock they would have to keep that out of public eye or some heads might roll off on the floor. Besides that would make some people here including me millionaires. Sorry that's nuts!!
I agree I don't believe anything anymore but you have to admit is kind of puzzling they announced a merger months ago and still it has not been finalized. I have never seen that usually these things are announced the night before any price movement so noone has the chance to buy and happens fairly quickly. I have never understood this stock but I think they must be waiting for a specific event is the only thing that makes sense, what that is who knows hopefully AZ is right and there are some legacy assets still left that WMIH will be interested in getting their hands on.
I have been saying that for years WillieRat sold our arses down river long ago.
LMAO, u gonna sue the goverment?? Good Luck
because WMIH=POS?
I hope so.
At the rate this is going Im starting to doubt this deal ever consummates.....
SAME OLD CRAP,DIFFERENT SHIAT!!
voodoo Im with you. I have not listened to popular believe for a while now. I've got to see it to believe it..
I asked that myself all the time, What's the answer to that riddle??