Actions! WMIH Not Trying to Close ANY Q/A B4 May-July/2015 – My View!
• Prior actions prove WMIH was NEVER serious about closing a qualified acquisition B4 May/2015
• WMIH exited bankruptcy 3/19/2012 – Free to make a Q/A starting 3/20/2012
• Three WMIH Shareholder meetings followed – Nothing but purposeful delays
• True equity investors made many discoveries regarding FDIC, bankruptcy processes
• Proved beyond ANY doubt FDIC process of “Safe Harbor” which legally SHIELDS assets
• P&AA expired on 9/25/2014
• JPM year ending 2014 R203 10Q showed 165 billion dollars in “off balance sheet” assets
• WMIH closed on a capital raise of 600 million on 1/5/2015
• WMIH Shareowners meeting moved up from June/2015 to 4/28/2015
• WMIH Shareholders, approved a MASSIVE increase of outstanding common shares to 3.5 Billion
• WMIH Shareholders approved an increase from 5 to 10 million of preferred shares
• Two high level Executives hired-specialize in distressed assets to close a Q/A
• These two Executives not on board WMIH full time until around the middle of May/2015
• The same Executives will be awarded 1.77 million shares each on a qualified Q/A (s) closing
• This is 4 Xs the shares awarded Mr. Davis – Very puzzling unless used for forward split
• 3.5 billion common WMIH shares and 10 million Preferred shares equal to a valuable currency
• WMIH re-incorporates to Delaware approved which sits alongside WMIIC
• WMIIC has been incorporated in Delaware for many years prior to WMIH
• WMIH is up-listed to NASDAQ
• WMIH file 8K showing discussion halted on 10/13/2015 – Does not rule out deal completely
• Actions prove this is not ruled out in total-WMILT Expense report is weeks overdue
• Why overdue-this has never happened before – Would show WMIH’s plan so not ready yet
• With the aforementioned said, WMIH spotted this Q/A quickly, acted quickly/decisively
• So this proves WMIH has been not working for years to close a Q/A, rather only a few months
• So I look for WMIH to complete original q/a plan or announce a new one very quickly
Now when one looks at the aforementioned, this tells me that there was not a chance in the world that WMIH was ever serious about closing ANY Q/A before the May-July/2015 time frame. Once you look at the foundation WMIH has made, no way they were serious about closing. So all they MAY have been doing was window shopping for years prior to May/2015 waiting for their timeline to arrive.
So when you look at the real actions, then it makes since that WMIH needs a foundation before they purchase former WaMu assets from WMILT or the BELOVED Escrow Share owners who are now the owners of the former WaMu Estate. Now this could still work many ways, but what WMIH 8K filing may have shown us is they need a platform first. Then they bring back former WaMu assets either simultaneous to the platform purchase or a short time later such as when WMIH is FULLY merged with WMIIC which may contain a whole lot of GOLD!
Have I told you lately how much more I really love my Escrow Shares?
