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iPrelude

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iPrelude

Re: investorhub123 post# 411721

Tuesday, 01/06/2015 4:55:29 PM

Tuesday, January 06, 2015 4:55:29 PM

Post# of 732005
Totally agree Investorhub123
I'm in favour of this (Huge for us/current WMIH shareholders) deal

However, I prefer a 2.25 (or as close to this as possible) Reincorporation conversion price/ conversion price a share and KKR + Citi prefer a 1.75 (or as close to this as possible)

Surrendering 1.75 vs 2.25 is not surrendering $0,5 a share but surrendering approx 28% (2.25 / 1.75 ) of whatever future pps WMIh may reach, this is important IMHO
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