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Saturday, March 05, 2016 11:21:31 AM
did they come with a deal in hand and was that the failed...
I don't think so. Timeline doesn't match up. Failed 10.7 mil expenditure deal started around Sept 2015. They were retained on May 2015. If they were retained as part of the package deal (as in Gallagher + Fairfield + Capmark for example) then negotiations for acquisition would've started with their retention May 2015 retention, Sept 2015-Oct 2015 negotiations/started/failed.
TEN GRAND FREEBIE A WEEK
10k freebie a week is under the assumption that they're doing nothing. I ask you this: if WMIH Corp makes an acquisition that returns lets say 10x current price ($2.30) would you be objecting to their pay?
We already know that on this board, people complain if they do nothing.
Cronyism
Who and what they know can be what finally gets WMIH moving. The capital raising that WMIH doesn't exactly rank WMIH as top buyer in anything. In a cut throat world where all WMIH has is nothing but NOLs and limited capital for acquisition, favoritism can help. Significantly. I'll take any form of cronyism as long as it helps WMIH (and doesn't negatively impact my other investments). No moral high ground on wall street.
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