~ ItsMyOption, Well ? Let’s See’ If We’ Can Walk Through It ~
Or, try and walk through it’ in the way I view things, soon moving forward, ...
So, going back to the beginning, per S. Landefeld, ... “WMI Owns 100% of the “Equity Interest” In WMIIC” ... (not’ the shareholders) ... WMI, which has now reorganized into WMIH-Corp, ...
WMIIC’ was the custodian for the monthly returning Cash’ generated by the numerous Trusts’ ... (calculated and reported as WMI’s, “Retained Earnings”)
... the releasing commons (uq’s) actually own / owned, the Entire WMI Estate’ ... and they, the commons, ... have actu+ally been denied their quarterly dividend returns ever since the seizure (actually since 2007’ but let’s use the seizure for ease of our conversation) ...
common shareholders dividends are associated with a company’s reporting of “Retained Earnings” ... so, ... at last review reported in 2007’, ... WMI’ with roughly 700,000,000 shares out’, actually Paid, ... a .15 (cents) dividend per share per quarter to the commons, ... and the commons (uq’s) Have Not received their dividend for some 9 years, or 36 quarters, ... (plus)
So, ... for a rough consideration, consider how many uq’s commons you owned and released, ... multiplied X’s .15 cents, ... multiplied X’s 36 quarters, ... and you should be reasonably close to your accumulated amount of dividend cash, owed to you’ ...
The company’s WMIH-Corp responsibility, would roughly be the 1.215 Billion Released uq’s again, ... multiplied X’s .15 cents, ... multiplied X’s 36 quarters, ... or roughly ... $6,561,000,000.00 ... to get the original releasing commons current’ ...
I believe the reorganization’s reported “Retained Earnings”, ($21 Billion, ish’), ... remain and are still intact, and the Trusts have continued to generate roughly $104 million dollars per month’ since the reorganization in March of 2012’ ...so currently, a very, very, nice sum of “Retained Earnings” money ...
Once current ?, you could reasonably consider the original 700 million WMI common shares, divided by WMIH-Corps current amount of 206 million shares, ... and come up with a reasonable amount for the newco’ moving forward as a quarterly dividend moving forward into 2018’ ... 700 / 206 X .15 = $0.5085 as a newco WMIH-Corp common share quarterly dividend ... unless we’ get diluted of course ...
Ok hold on for a sec, ... now I may become confusing, ... but when I use the .15 cent divi’ for the calculations, I’m using an extremely conservative last reported dividend return, ... during some of the earlier years, WMI was paying roughly 50 cents per quarter as SEC reported ...
The Trusts’ (All of them) were placed into safe harbor while the litigation was’ ongoing ... (now thankfully completed) ...
So now, ... ever since 06/30/2017’ the funds have begun to move’ ...
This includes commercial lines, credit cards, residential certs, debt offerings, ... all of it’ ...
I’ve already done my best to describe the Preferred Offering and the reason that your markers are all segregated ... P’s, K’s, and uq’s
I hope that helped’ ...
AZ
