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Re: AZCowboy post# 495389

Monday, 11/13/2017 2:53:55 AM

Monday, November 13, 2017 2:53:55 AM

Post# of 729820
Who can explain the exact purpose of this "embedded conversion feature"? I know how it works (PPS > $2.25 ==> derivative liability, PPS < $1.75 ==> derivative asset), but what is this supposed to achieve exactly? Stabilization of the PPS in the conversion range of $1.75 . $2.25 until they execute a qualified acquisition??? That didn't work out well...

~ Now ? That the D.C. Litigation Is Completed ? ~

There is no longer a WMIH-Corp need for the legal, yet manipulative accounting feature' that the ... "a derivative embedded conversion feature" ... allowed for' ...

whether in the past, WMIH-Corp found a need to report a ... "derivative liability" ... or, as we now see for the entire year of 2017's SEC reporting since the 08/2016 announcement of the D.C. "Settlement" ... the WMIH-Corps ability to report a "derivative asset" as the pps has fallen all year 2017' ... (12/31/2016 pps close @ $1.55)

Remember' ... this "derivative embedded conversion feature" ... IS' 100% exclusive to the Rights Offering' ... That ? is important to understand' ...

Any number of other numerous other' actions or financially relevant forward moves, at this point in time', make that feature of the 01/05/2015 Rights offering' ... 100% irrelevant' ...

AZ





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