~ GH' ... Yes' This IS Different' ~
The BOD's did not acknowledge the stock beginning to trade back in 2012' @ reorg' ... however, ... KKR made them (BOD's) acknowledge and announce an up-list, ... in my opinion, KKR made them do this, to create SEC shareholder responsibility' ...
- Something is up all right' - this BOD's actually being ... "forthright" ... with the shareholders, is definitely out of character for this group' since the reorganization' ...
Released 04/10/2012
"While the Company is aware that its new common stock is trading on the “pink sheets” on an unsolicited quote basis, the Company has not taken any steps or actions to list or otherwise facilitate any trading in its new common stock. The Company believes that it is important to remind its shareholders and the market generally that the Company has no control over the trading of its securities on the pink sheets"
and then, on 09/22/2015, ... the company acknowledges its up-list to the NasDaq ... and somewhat blaming the need for the up-list on the rights offering' ... (blaming the up list on the rights offering was left out of the press release) ... BUT' ... up-list we did' anyway ... and with that company acknowledgement, came enhanced SEC responsibility to the shareholders'
NO MORE' ... get out of' SEC Jail, free card' - by being able to say that they' - (BOD') - never authorized the trading in the first place' ...
Released 09/22/2015
"On September 22, 2015, The NASDAQ Stock Market LLC (“NASDAQ”) notified WMIH Corp., a Delaware corporation (the “Company”), that NASDAQ has approved the listing of the Company’s common stock, par value $0.00001 (the “Common Stock”), on the Nasdaq Capital Market (the “Listing”). The Common Stock will continue to trade on the OTC Markets OTCQB electronic quotation system under the symbol “WMIH” until market close on Friday, September 25, 2015. The Company anticipates trading on the NASDAQ will commence at market open on Monday morning, September 28, 2015 under the symbol “WMIH”.
The Listing fulfills the Company’s obligation pursuant to Section 23(a) of the Company’s Designation of Rights and Preferences of 3.00% Series B Convertible Preferred Stock, which requires the Company to use its reasonable efforts to list its Common Stock on a national securities exchange after becoming eligible to do so and upon approval of the Board of Directors"
