If Bray is overly cautious and tepid in his remarks today then it will be obvious that nothing is going to happen that will move share price for the immediate future.

And at some point all of these hedge funds that are "on board" will decide that this company's management can't get out of their own way and that money invested in the company is non-performing capital.

It never ceases to amaze me how much mediocrity and incompetence is rewarded on Wall Street. Bray is a prime example.

If A&M is getting paid $2 million to manage $40 million in assets then the BK court needs to be petitioned about unjust enrichment on the part of A&M. It is very clear that that type of unwarranted compensation is barred by the rules of bankruptcy.

I don't know Bob. Why don't you enlighten us?

Ron, I hope you're right. My WAG is based on the price action ity of the P's prior to reorganization bad discharge from BK court. The P's got to 12% of face so I think they will moderately r exceed that value.

I am looking for 20% of face for the P's. Just my WAG.

Loadas,
I am sure MMs lose money all the time on individual stocks. I am sure they can alleviate losses and accentuate gains with their shenanigans but if MMs or their clients never lost money shorting stocks there would be no such thing as a short squeeze. Plus you make it sound like all MMs work totally in unison on every stock. I doubt that is the case.

LoL. The knife didn't fall very far. It appears most investors think Kevin Barker is FoS.

And won't that make it easier from a PR standpoint for the FDIC to return assets to the company? Returning assets to the reorganized WaMu would raise more questions than returning assets to a company that to the general public appears to have no connection to the seized bank other than aquiring the remnants of the WM legacy especially if the assets are filtered through the LT.

He's a professional carpetbagger. He looks for bankrupt companies that he can insert himself into with the goal of getting on the equity committee and getting a plum position after bankruptcy resolution.

There will not be further shares placed into the float unless they are used to purchase new assets which will make the increase in shares a net neutral event.

The new BoDs goal is to have this company listed on the NYSE. They know you don't do that by treating their shares like they trade on the pink sheets.

All the conjecture about share price falling to under one dollar is pure idiotic conjecture.

Why was it pushed out in the first place? Supposedly, according to some, there are no assets held or ever coming back to WMLT. So why is extra time needed to state the obvious?

Bob, I refer you to Mr. Simpson's post concerning this topic on the other board. It specifically states the intent is to move the company's listing to the NYSE.
https://reversemortgagedaily.com/2018/08/05/reverse-mortgage-servicer-champion-has-new-corporate-parent/

Then we will see major pension plans failing. This includes state and local government pension plans and large corporation pensions. Thise who love to bet against the economy and market should be happy. So what if everybody else goes bankrupt as long as the make mobey off other people's pain. That's why I detest people who short stocks for other than hedging their long position.

Respectfully disagree. This was just reconciling open positions in accordance with the merger agreement. Bookkeeping.....nothing more.

I think it is. Today was a one time reconcilliation of open positions. Book keeping us all it was.

I've wondered the same thing. Perhaps as we near the finish line this rule will be changed. That would indicate significant value is returning to the LT.

That is not what it says. The statement says there is nothing coming back to WMLT directly as a result of the merger. We all knew that. It does not say nothing will be coming back to the LT from other sources or future actions. I have no idea how you could read that statement and come to the conclusion you came to. It defies logic and common sense.

Exactly. If the LT trustee knows there are no returning assets, which he should know at this point, then the LT should be shut down. Since it hasn't been shut down it must indicate that there are assets to be returned or a liklihood assets will be returned.

Then why hasn't the LT been closed? Surely if there are no assets coming back the trustees would have shut it down by now.

Only if there is a 2 for 1 stock split. Even then I think $1 is the lowest it will go before heading up.

I would not disagree with any of that. It is time to put this long suffering saga to bed.

Because WMIH isn't inheriting billions of dollars in assets.....the surviving entity of WMI is. That would be the LT. WMIH will have to purchase those assets.

Who are your brokers and who sent the instructions because my broker(Raymond James) has said they have received no such intructions.

Why would the BoD of either WMIH or NSM allow a scenario to develop where the exchange rate between the cash price and the share exchange price of NSM is so out of balance?

If the price of WMIH goes to 0.65 then anybody owning NSM can sell for $18 and turn around and buy almost 28 shares of WMIH.

Not going to happen.

I assume when you say "one for one" with the P's you mean after adjusting for the conversion of 19.8 shares of WMIH for one P share. If so I could go for that.

Then why did NSM agree to the merger?According to you WMIH brings nothing to the table.....certainly nothing that would cause NSM to agree be the minority owner in the new company.

Doesn't that make you wonder what else is being brought to the deal by WMIH?

Perhaps some are anticipating the WMIH share price to be much higher by conversion.

I disagree. The share price
us pretty much locked in until the merger is finalized. After the merger is complete there will not be a drop in share price. Dilution has already been factored in by the "DA BOYZ" as you like to call them.

If you had any credibility to begin with posts like that would have cratered it long ago. The floor price is locked in by the NSM conversion rate. 12.78 shares of WMIH = 1 share of NSM = $18.

You seem desperate.

He seems to be asserting that KKR and the WMIH BoDs carried on a totally fraudulent negotiation with their new partners and that the parent corporation , Softbank, did zero due diligence or research before presenting the deal to their shareholders. Pretty amazing assertions. LoL