...as previously posted, really would like a M&A at the current Series B terms and conditions (primarily the conversion range of $2.25-$1.75); although this chance is weakening per (1) the signs that the market is sky high and qualified acquisitions are not financially merited, and/or (2) as the time deadline is near the Series B's (mostly heavy hedge funds) know that they can renegotiate the terms (primarily the conversion range)(and it appears that KKR has put in place a CYA against minority shareholder litigation by having WMIH for a special finance committee of independent directors, which has retained 3rd party finance funding consultants).
...again, the hedge funds are not our friends, and current coattails can be made much, much smaller via dilution (and or a reverse split either before or after the renegotiated conversion range is announced; if it gets done).
...currently, here a down and dirty look at the dilution at various levels (for simplicity, current outstanding commons 210M shares), haven't checked quick calcs amidst traveling.
Cheds Member Level Saturday, 09/30/17 10:08:36 AM Re: Cheds post# 487936 Post # 489822 of 489828 Go $WMIH - Daily chart update - Bad news as this breaks key 1.05 support on heavy selling, OBV downtrend with dilution/shorting taking over
...there is caution in the most extreme dilution as KKR will be 'capped at their holdings and Greywolf and Tepper must also be managed; they may need a couple of new players or transition to funds they don't exercise control over.
AI
