~ Regarding WMIH ? I'm Invested in MY Own Study & Research ~
... To all' being painfully direct' ~ When I thoroughly review this newly reorganized company on the surface, as it currently appears since the March 2012' Plan 7's Implementation and birth of WMIH ...
If I merely take into consideration what knowledge is currently available of this company into a defined consideration for investment and involvement, This company would be considered, by me' to be a very poor investment and choice' ... Let me explain'
Again, ... on the surface, WMIH-Corp is absolutely nothing' ... an empty shell of a corp' with the availability of a replacement' financing agreement provided by Citi and KKR, ~ with' after three plus years' continues to NOT give the impression of any forward direction ? or any positive movement' ... merely a healthy and expensive' BOD's with a couple of employees, a PMI Insurance sub' WMRRC ... that IS NOT writing any new business and is and has been in run-off and another sub' WMIIC, which is kept extremely close to the vest, to the level of filing inconsistent SEC reports K's & Q's'
Also, ... Let's NOT forget the last three shareholder meetings which have continued with the same bit of nonsense' ... "that we are currently looking at hundreds of M&A possibilities" ... three years in a row ? ... "baloney" ...
So, ... I question myself ... WHY ? ... WHY do I remain a seriously and heavily financially involved investor, in what appears on the surface to be, not only a waist of time and energy, but also a silly investment'
Why would I remain invested in a company that has a problem being forthright' with its shareholders' ? ...
So, I answer myself ... I remain invested in WMIH-Corp due to my own research and study of this entire process since prior to the Sept 2008 seizure of the "Original Debtors Estate" ~ WaMu' Concluding that I remain invested in my own and because of' my own DD and knowledge of what has actually occurred, ... NOT what WMIH-Corp appears to be'
I stand fast in the presentations I have made here and in other places' ... and ... I watch for the release of valuation being accepted by and beginning to be returned to the "Original Debtors Estate"
Once I, as a shareholder, am able to view some semblance of a valuation ... then the multi faceted mathematical equation will begin to make sense' ... I believe it all happens rather quickly'
There are many avenues for recovery, ... The FDIC-C ?, The FDIC-R ? The possibility of one being issued a Liquidating Trust Interest ? ... Or' ... What WMIH-Corp has already put into place this year 2015' for what appears to be a forward movement'
AZ
