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Thanks for your sophisticated answer. I am very busy for xmas, will answer in short only:
1- As I know out from the 9 Board members are only 2, Mr. Tagar C.Olson and Mr. Paul Raether appointed by KKR, so I'd not so sure you will get 3 out of the 7 other Board members to grant approval as you suggest.
2- 42,5% ownership .... I think our comp. and their advisors must have had a few thoughts on this matter, and could imagine they had their reasons for this special percentage ... but of course you could be right about Tepper and the other Big Boys, but on the other hand you know that T. and other HF's have mmil of ESC, expecting to gain $$$B, so I'd imagine they'll follow KKR with the newco.
As you said, I'm a reader and you know, I was reading a lot about KKR in the last three years and reached the conclusion that KKR is from their code of ethics and their business models quite different to other competitors in the business. I never found KKR activities in short term (2.3 years) thinking, they rather look for healthy development in their invested entities in mid- to long-term (6-10 years). But that's just me ! Anyhow I learned that KKR is more interested in WIN-WIN situations than forcing their partners into do or die situations ....
So after all I have a very positive gut feeling when thinking of our PARTNER KKR and hope I'm not wrong about it ....
I am aware of PIPEs, SPACs and TACs, but I don't believe in KKR using WMIH just as vehicle .... I'm dreaming of WMIH becoming the Financial Platform (after some M&A hopefully to come soon) of KKR ...
With all this in mind I would like to wish you and your beloved as well as all WAMU'ers/WMIH'ers a joyous and blessed Christmas and a healthy, peace- and successful New Year !
As I see it we could walk side by side on the same side of the street .... I know for sure that the two of us are not the leastLEASTleast worried about the incoming developments ... :) :)
Hey bro, no misunderstanding ....
ok, first side you're right, but that's only half of the picture ... IF this activities start, you can be sure this will be THE initial spark .... BIG DOMINO DAY .... IMOBIHO of course ... ;) and DILUTION will be the word you couldn't care less, almost the same as NOL's .... :)
p.s. I'm talking of the INVESTOR RIGHTS AGREEMENT between WMIHC and KKR Fund Holdings L.P., entered as of January 30, 2014 !
I myself like to read & read & read:
So I read the following:
SECTION 5.2 Limitations on Participation Rights. The participation rights set forth in Section 5.1 shall be limited by the foregoing:
(a) The Shareholder Parties shall not be permitted to exercise the participation rights set forth in Section 5.1 to the extent that the aggregate gross amount of Proposed Securities offered and sold by the Company from and after the date of the Investment Agreement (including the aggregate amount paid by Shareholder Parties for Equity Securities pursuant to such participation rights) exceeds $1 billion.
(b) The Shareholder Parties shall not be permitted to exercise the participation rights set forth in Section 5.1, without the prior written consent of the Company, to the extent that, after giving effect to any issuances of Equity Securities (on a pro forma basis after taking into account any issuances of Equity Securities related to any acquisitions or investments by the Company), the Percentage Stock Ownership of the Equity Securities of the Company by the Shareholder Parties would exceed 42.5%.
This is an excerpt from Exhibit 4.2 of WMIH 8-K, Filing Date 2014-31-01:
https://www.sec.gov/Archives/edgar/data/933136/000119312514030869/d666285dex42.htm
I think it's much easier to begin an educated discussion if we know what we are talking of !
Just as a reminder, Jestiron, I really do love my ESCROWS and without possibility for PM I wish YOU and all other WMI-ESCROWER's and WMIH'ers a Merry Christmas and Healthy & Relaxing Holidays and a finally HAPPYHAPPY 2017 !!
Note: IMO KKR understands the value of WMIH !!
You are 100% and very right and the people at KKR will be very happy to hear this !!
0,00% agree with you !!
Thanx for playin' !
100% agree with you !!
Thanx for clarifying !
Cool down, waiting such a long time and now you get crazy just for WMIH on some nice roller coaster ride for weeks ????
What is your final time frame with WMIHC ?
'cause, you know, I don't care for I believe strongly in ESCROW-time !!
What if this is the last opportunity to get WMIHC's shares at such dumping price ?
Wait a little and then take $ 4.75 (if you are a chicken ;)) !
Up till now POST of the DAY:
jhdf51 Member Level Monday, 12/19/16 11:59:06 AM
Re: JB3136 post# 468856
Post #
468859
of 468872 Go
Elevators eventually stop when they reach the bottom.
JHD
I couldn't put it better !
Thx JHD
YES !!!!
I can't say that I'm surprised about this for one second !
But the way you handle the WMIHC-"BODonothing" thing is sensational to me ! That's the way how to work hard for one's money !
You deserve every single cent you get ! Go JB3136 !
It's really very difficult to read and understand, eh ?
Give us the proof for "WMIHC's market cap in 2013 $ 1.75B"
LINK PLEASE: "The market cap has dropped from 1,75B in 2013 to 309M now" !!
You know it sickens me to read FAKE numbers, whatever one's agenda is !!
So please, be so kind, no more "post truth" but FACTS, ok ? Oh, and a LINK, thanx so much !
If I may add, also from WMIHC's Form 10-K for the fiscal year ending December 31, 2013, page 19:
"Period High Low
Fourth Quarter – 2013 ......................... $ 2.82 $ 1.01
Third Quarter – 2013 .......................... $ 1.38 $ .80
Second Quarter – 2013 . . . . . . . . . . . . . . . . . . . . . . . . $ .95 $ .59
First Quarter – 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . $ .84 $ .67
Fourth Quarter – 2012 . . . . . . . . . . . . . . . . . . . . . . . . . $ .88 $ .45
Third Quarter – 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . $ .58 $ .46
Second Quarter – 2012 . . . . . . . . . . . . . . . . . . . . . . . . $ .77 $ .43
First Quarter (beginning March 19, 2012) ......... $ 1.00 $ .90"
http://wmih-corp.com/wp-content/uploads/2014/06/630387ACL.pdf
So let's take the High of Fourth Quarter - 2013:
201,842,351 x $ 2,82 = Market cap $ 569,195,429.82
Or let's take the Low of Fourth Quarter - 2013:
201,842,351 x $ 1.01 = Market cap $ 203,860,774.51
If we compare the outstanding and issued common shares as of March 4, 2016, 206,168,035 and look at the PPS as of December 16, 2016 at $ 1.50 we see the following:
206,168,035 x $ 1.50 = $ 309,252,052.50
I can feel it by myself: Memories are fading fast !
Any thoughts ?
LINK PLEASE: "The market cap has dropped from 1,75B in 2013 to 309M now" !!
From WMIH Form 10-K for the fiscal year ended December 31, 2013:
"As of December 31,2013, 201,842,351 shares of WMIHC's common stock were issued and outstanding and no shares of WMIHC's preferred stock were issued or outstanding."
http://wmih-corp.com/wp-content/uploads/2014/06/630387ACL.pdf
Means with your number of $ 1,750,000,000 divided by 201,842,351 common shares there would have been a PPS of $ 8.67 !!
Holy gee, I must have missed something, me dumbass !!
So, please give us "normal" shareholders an educated answer with a fitting link for your generous market cap ... TIA
But don't forget, still WE are riding "hedgies" coattail and if they will get some little money (:)) we also will get some micro (:)) money !
You see something negative in this constellation ?
Hey Bob, of course you are right, but see who first started the "Dumpathon" rallye and you will recognize the special date of the beginning ....
100% TRUE !!
One question, what is your time frame for your investments ?
First, I said already, I'm no fortune teller !
Second, referring to selling, if you talk about the 450,000 WMIH shares from today 13:13:58 at a NLS price of $ 1.50, it was a BUY, my dear !
No, I don't call this massive down from the 2.40's odds and ends !
And no reason for you to ponder about some odds and ends ?
As I said yesterday the Dumpathlon began 12/30 2012 !
That's an old tactic, withdrawing some lawyer and have appearances of new lawyers are the cause of further delays and dilatory actions !
But they can't do this as Moebius strip, the Judge has to stop these disgraceful delaying tactic sooner rather than later !!
As I see it, DUMPATHON began on 12/30/2012 !
Won't be a problem for 5,000,000 ESC (of WAMUQ), don't ya think ?
I would estimate with say 85 % you wouldn't be wrong, but that's okay nowadays ....
Hey dragoon76, 100 % with you !!
Perhaps these are the NEW INVESTMENT TACTICS in the post - election time ? I wouldn't be surprised too much .....
Lots of super posts concerning WMIH today !!!
Amen !
A really f'en good post of yours !
Something is going to happen, you are right.
Some SLEEPERS beginning their work again !
I hope you admit that we're sitting in the same boat with our beloved hedgies .... you can be sure Stephen Susman's ONE TIME in person appearance in THJMW's court will produce concrete and visible results for ALL of us ESCROW owners !!
Large Green and muyuan51 will NEVER ever see LTI's, lucky us !!
LOLOLOL!!
Nor with WAMU !
Has NOTHING to do with WMIH !
https://www.irs.gov/pub/irs-wd/1108001.pdf
Don't let yourself be fooled !
https://www.irs.gov/pub/irs-wd/1108001.pdf
That's what I'm sayin': You never stop learning !
See page 3:
"...On Date 3, the A Debtors filed a proposed plan of reorganization under chapter 11 of
the Bankruptcy Code (Plan). The Plan is premised on the Bankruptcy Court’s approval
of a proposed settlement agreement that embodies a compromise and settlement of
numerous disputes among the A Debtors, D and the FDIC. The existing outstanding
stock of Parent will be canceled on the effective date of the Plan and it is currently
contemplated that new common shares of reorganized Parent will be issued to certain
claimholders. The Plan also provides for the establishment of a liquidating trust for the
benefit of certain claimholders. At the present time, ignoring any possible recovery on
the receiver’s claims, the outstanding debt of Sub exceeds its assets (principally the $a
of cash received from D) by approximately $d. Sub is and is expected to remain
insolvent...."
This is a typical example for FAKE NEWS bs, looking so educated !!!
What about ESCROWS ??
Of course you're right, AZ !!
You never stop learning !
thanx stomp !