AZ, I had a suspicion that all the returning assets (cash + remaining loans) could potentially return to WMIH due to tax deferral reasons (sort of like a 1031 exchange in real estate), but if such a scenario comes true, would WMIH still not legally be required to issue shares to escrow holders for the merger?
Do you still believe escrow holders still own all the returning assets? or have you discovered something else to change your mind? Please share. Thanks!