No. 5M=5,000,000 I deserve that after 8 years.

I only care if Im getting 5M WMIH shares at $1.30

But this DD is not helping WMIH pps!!!

People are afraid to buy this stock it will keep droping unless there is an M&A soon.

I understand I voted NO too even though I know our vote will not change anything. We have the right to be mad.

Problem is your vote won't matter shiaattt!!

I wonder how many people will be pissed off about changing their commons for preferreds.

Im new here, Im not sure. just playing the rebound hopefully.

Not sure just bought 2000 @ .20 cents and see if I get lucky and catch a rebound.

REBOUND???????

, yeah that if BOD don't use it for their festivities first.

I hear you Can't wait to get my money OUT of Here!!

Look at KKR portfolio they have invested in 5 companies already for the start of 2017 a lot more successful than we are. If they were not to profit here they will profit somewhere else. They dont need this shell they are doing us a favor LOL

http://www.kkr.com/businesses/kkr-portfolio Look for yourself

Well what about if KKR decides to leave after January 2018 because of BOD incompetence, where is WMIH gonna look for more funding? Yeah I agree it could get ugly. So the "it's over" phrase might not be as ridiculous as you put it.

Looks like these BOD guys would not know what to do even if Buffet and Gates were there personally to help them.

So the TRUST is basically just a business they have about $1B to invest and use the proceeds to pay their employees and directors. Why would they be concern about paying PIERS in full ? They are getting paid what at least 1.5M per quarter? They have a nice thing going for themselves there.

They are going to extend this into Oblivion!!

LOL, unbelievable employee claims could be extended until Feb 2018. SERIOUSLY WHEN DOES IT END?

"The Trust and counsel to certain employee claimants have agreed to amend existing scheduling orders to provide that all outstanding discovery deadlines would be adjourned until July 2017, or later, with the “change in control”hearing to be held in February 2018. As of the date hereof, the Trust has responded to 23 sets of requests for production of documents and 14 sets of interrogatories, has reviewed over 850,000 documents from approximately 120 custodians, and has produced more than 84,000 documents. "

I did not say that. I was wondering if Trump's 15% corporate tax will pass making us loose a lot of money or maybe loose an acquisition in its entirety. Even if it does not happen I would of tried to speed things up not sit around and do nothing. I do not understand what kind of plan these guys have if they have any at all.

EXECUTIVE ORDER, who knows I would not take the chance to find out.

Darn what the heck, one would think these guys would hurry up and use the corporate tax rate before Trump changes it but they just sitting on their thumbs drinking margaritas.

KFN 8k is out they have a section exhibit B

Are they trying to limit their uncalled capital commitments. Does the SEC require capital commitments to be less than a certain % for mergers?

http://ir.kkr.com/kfn_ir/kfn_sec.cfm

Definition of uncalled capital. Capital in the form of shares that have been ISSUED(=made available to investors) but not yet paid for.

Congrats Wayne!! Hope you make some serious dough

This is the definition for filing FORM 15

BREAKING DOWN 'SEC Form 15'
When a company files an SEC Form 15, it usually means one of two things. It may mean that a company is ceasing to exist in a publicly-traded form, either returning to privately-held status or going out of business altogether. Alternatively, it may mean that a company is simply canceling a certain class of securities, replacing them with another class.



Read more: SEC Form 15 http://www.investopedia.com/terms/s/sec-form-15.asp#ixzz4fTdyqxN7
Follow us: Investopedia on Facebook

If KFN true market cap is 390M then is well within our budget. IMHO

IMO M&A will be over well before January 5 2018. They have to do an M&A before that because if series B preferreds are forcefully converted there will be no money left to buy anything or we would have to return the money anyways. My guess is KKR will do something before that happens.

wow nice salaries.

https://seekingalpha.com/filing/3508235

I found this definition for filing Form 25

BREAKING DOWN 'SEC Form 25'
Securities may be delisted from an exchange for various reasons. Bonds may have matured or been called and redeemed by a company. Another reason may be that a company has been taken over by another company and all of its outstanding securities have been exchanged for cash or another security.

The removal of outstanding securities will be done by May 5 2017.

Read more: SEC Form 25 http://www.investopedia.com/terms/s/sec-form-25.asp#ixzz4fQVaWrLD
Follow us: Investopedia on Facebook

Does anyone know possible reasons why this is happening?

KFN has bought back all of their 8.3% senior notes on November 2016.
http://ir.kkr.com/kfn_ir/secfiling.cfm?filingID=876661-16-1399&CIK=1386926

They have also bought back all of their 7.5% senior notes on April 2017.
http://ir.kkr.com/kfn_ir/secfiling.cfm?filingID=876661-17-219&CIK=1386926

And consequently terminated all of these senior notes.
http://ir.kkr.com/kfn_ir/secfiling.cfm?filingID=1140361-16-88081&CIK=1386926

Interest rates are predicted to increase about 0.6% by the end of this year so what is the incentive for KKR to buy all these securities back at premium prices with a maturity date of 2041 and 2042. I mean the earlier they retire these notes the higher the premium they have to pay to their note holders. Why take the loss? and does not seem that they need the capital.

Is it possible they are doing this to get majority votes for a possible merger with WMIH? or is it wishful thinking.

It seems now they have 15M outstanding shares x $26 = 390M market cap which seems low but not sure if that is true because last reported book value on KFN 8K was 9.8B that would be too high to consider as a merger.

http://ir.kkr.com/kfn_ir/secfiling.cfm?filingID=1404912-17-2&CIK=1386926

Why are they redeeming notes now that are due on 2042. I dont think you understand what Im getting at.
It might not neccessarily be for the reason Im stating though.

A subsidiary company can be merged.

The Bermuda Triangle
http://witnesseth.typepad.com/blog/merger-subsidiary.html

Memorial Day weekend announcement,I called it first!!

http://ir.kkr.com/kfn_ir/secfiling.cfm?filingID=876661-17-219&CIK=1386926

REMOVAL DUE MAY 5 2017

Read more: SEC Form 25 http://www.investopedia.com/terms/s/sec-form-25.asp#ixzz4fIXy2mnj
Follow us: Investopedia on Facebook

BREAKING DOWN 'SEC Form 25'
Securities may be delisted from an exchange for various reasons. Bonds may have matured or been called and redeemed by a company. Another reason may be that a company has been taken over by another company and all of its outstanding securities have been exchanged for cash or another security.

https://www.sec.gov/rules/final/34-52029.pdf

KFN has been redeeming senior notes since October 2016 maybe to gain majority vote rights??

No, but hoping she will be there.

KKR Financial Holdings LLC (“KFN”) is a subsidiary of KKR. Prior to being acquired by KKR on April 30, 2014, KFN common shares were publicly listed on the New York Stock Exchange.

KFN’s other securities remain outstanding, namely its 7.375% Series A LLC Preferred Shares (NYSE:KFN.PR), 7.500% Senior Notes due 2042 (NYSE:KFI), and junior subordinated notes. On April 7, 2017, KFN announced that it will redeem all of its outstanding 7.500% Senior Notes due 2042 on April 24, 2017 in accordance with the optional redemption provisions provided in the documents governing the notes. For additional information regarding the redemption, please see the Company’s press release, dated April 7, 2017, in the Press Releases section of this website.

That was yesterday...


http://ir.kkr.com/kfn_ir/kfn_overview.cfm

Analysis report of new acquisition looks good.

http://quotes.morningstar.com/stock/analysis-report?t=0P0000033L®ion=usa&culture=en-US&productcode=MLE&cur=

They probably want to keep it close to $1.75 the conversion rate for KKR my guess.

Who's ready for an M&A announcement this May? I think its time this BOD cut out the BS and make a public announcement before the annual meeting. There is no reason to keep torturing us if they already have a target in mind. How many angry shareholders will attend the meeting?? Make a head count.