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Someone felt the need to throw away $500
Fred, Post all you want... I have seen worse predictions than yours here...
I get it, your just exited. No worries here.
you missed your chance. that was 5 months ago...
I dont think we will see Fred today.
Im not necessarily sure an R/S would hurt escrow holders if there was a S4V in this case. There would be less shares but those shares would be worth a lot more and would cut down any dilution imo.
The regular holders or small guys of WMIH may take a hit though.
Maybe but, where is that cash gonna come from?
1) Why give us cash for our cash?
2) WMIH doesnt have much cash. S4V would give them that much needed cash..
This is true...Too bad they were cancelled and do not exist anymore...Luckily though they get to split 75/25 to the end.
So there's that....
Well IF that is true, then it does make sense. Thanks Bob.
Bob, as I said before I am open to the idea of a S4V but one thing sticks in my head.
WMIH sold 1.7B in notes to finance the merger. looking at it from a business point, why did they have to do that?
I would think it would have been easier to Buy or (S4V) 2B from equity assets to finance the merger and at the same time it would have kept the 51% ownership in play. Im probably missing something here but it would seem logical to do that IF it's legal.
Mordicai posted this several days ago but I think its worth a review imo...A good read...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142098357
Because WMIH does not have Billions...
Escrows may or may not have billions. We will have to see but, that doesnt mean WMIH has any $$$ unless we give them some. As some here think that could happen in a S4V event.
I agree but, a larger percentage of NSM shareholders voted yes on the merger than WMIH did...Go figure...
Its been a long time. Somebody here not too long ago (i forget who) Emailed the FDIC about any escrow moneys but, they said go to the WMI trust site for that. (like they always do) They have a most commonly asked questions section there but of course not our question...Imagine that...
True but, I dont know how you inform NCM shareholders without letting WMIH shareholders know...And for whatever reason they have kept us in the dark all this time for whatever reasons.
If they are hidding it from us then the cat is outta the bag if they tell NCM SH...
Yep. Your right. Im seeing it right now.
How can they tell the NSM shareholders when WE dont even know...It would be pretty rotten if NSM shareholders were told when WMIH shareholder dont even know.
I had to read this twice and I may need a third but, it is VERY interesting...
Thank You
I have some Pre shares as well (not many) and have seen no difference in them thus far and do not expect to. You are correct. A share IS a share.
Bob, yes I agree. The only thing that would change that is if they had a shit ton of assets we dont know about that would make the NOL's look minuscule therefore nixing them.
So you are saying they must make a choice. Do S4V to maintain 51% OR they can choose to say F the NOL's ?
Actually in POR6 Commons were out but Preferred were in.. Then POR7 brought in Commons...So one can say it was the opposite actually...
Bob,
IF WMIH gets Some cash assets from us and they have several Acquisition / Mergers lined up and together adds up to 10's (or more) of billions it possible they might just say screw the NOLs. The old step over a dollar to pick up a penny analogy.
To be fair I have not seen that from either side pro or con...
Who said that?
Yep im on board with that...
Yes, they are buying it up. They want in on the action to...
Yep, U's for .03 and P's under a buck especially on that fateful day in March...
Yeah how dare that pps go up like that...
I think he is arguing with himself now??? who knows...
I believe jaysenese is going...
ALL share were cancelled....Gonzo...Don't exist...Nada.....
ANY status that Preferreds or Commons had is GONE....
1) This means there is no debt owed to pay (Preferreds)
2) There are no company shareholders that Own the company (commons)
3) The status disappeared with the cancelation of the shares...Instead they both were given Markers to distribute 75/25 to the end Period....
Susman has been out of the picture for many years...Equity committee was disbanded a long time ago. Willingham is just a jackass
Mandela Effect maybe..lol
They sent me an Email that links you to a online proxy vote via schwab.
WMB did Not go into BK... They were seized and sold to JPM...
WMI went into BK...
Yes, you can see it without goggles silly...
Your wasting your breath. Some will Never get it...But its Ok. They will eventually...
I see you are your normal cheerful positive self today rockie...Happy fathers day...
Unless you REALtime64 lol...