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Re: None

Wednesday, 06/08/2016 5:13:57 AM

Wednesday, June 08, 2016 5:13:57 AM

Post# of 729875
Seeking help to figure out the correct ratio of distribution from the remaining WMI estate.

The learned method from this board in mind for the past few years:
For $10B return,
P&K getting FV(Face Value)
P=$1000
K=$25
Q=$1.78

From POR7 & WMILT distribution rules:
P&K 75%
Q 22.5%
wmih corp 2.5%

Just assuming all outstanding shares (3M P, 20M K and 1.7B Q) voted and released,

I figured out the preffered shares are getting a ratio of 2.1428 FV instead of 1 FV and Q getting $1.3235
For Q, if taking out the unreleased shares, the amount could be close to $1.78.
But there is a big difference in P & K:
1 vs 2.1428
So for $10B return, P is getting $2142.80; K $53.57

Please correct me if I am wrong here.

Appreciate anyone have a record and can provide the exact # of P,K and Q voted and released?
So we can get this right.
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