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Re: fsshon post# 404481

Tuesday, 09/09/2014 7:18:05 PM

Tuesday, September 09, 2014 7:18:05 PM

Post# of 729623
Don,

I think you are referring to my post which included the paragraph below. In it, I am stating that shareholders should be concerned if WMIH is not uplisted to a higher exchange, which was the original plan (stated by Kosturos in his deposition - I think).

The closing of the P&AA is a key event, which will finally separate the old from the new. The closing of the Receivership is also a key event, which finally separates FDIC-R from any future event. When these two events will happen is a closely guarded secret. At present, all indications are that any value returned will be very small.

Those of us on the WMIH side should be watching very closely to see if the BOD up-lists WMIH to a higher exchange. This should happen within a reasonable time after the closing of the PA&A and the consummation or official announcement that a merger has taken place. If they do not, you should be prepared to sell out instantaneously. The risk will be that the players will drive the PS down to worthless, and then they will find a legal way to sell WMI, leaving the common shareholder with nothing again.

Best regards,
David West
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