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Re: footballref-8541 post# 468429

Wednesday, 12/07/2016 10:58:54 AM

Wednesday, December 07, 2016 10:58:54 AM

Post# of 727300
I do not understand your question. KKR HAS these two tranches of warrants already. They got them Dec. 2013 (KKR Commitment Letter). It is no NEED that they exercise warrants at any time. We do not even know if they already exercised them. It COULD be the reason for the recent drop in the PPS. But they can also exercise their warrants in 5 or 10 years if they want to. They have the right to purchase WMIH commons for 1.32 and 1.43 even if the PPS is at let's say $25

But if they exercised them, I think they (KKR and/or WMIH?!?) have to report it...

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- Just my personal opinion, no investment advice! -
- I am long WMIH, FNMA and FMCC -
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