Thanks so much to those bringing good energy and info to this board, no one has a crystall ball, mistakes will be made when trying to guess what future will bring but right dot connections will also surface and HAVE surfaced here
Simple analisis:
Escrows: you can love them or hate them, it will make absolutely no difference (at least in their current no tradable status), considering that loving is not that easy I would not love (spend good energy on) them and focus all my energy in
WMIH common shares, loving them or hating them makes a YUUUUUGE difference here, so focus your energy here? why not? :)
From memory, I will stand corrected if wrong; What has WMIH acomplished since March 2012??
Nothing, not only that, WMIH has unnecessarily paid 54,000,000 (18 million a year x 3 years) just in interest for the Series B preferred, how much NET cash (of the original 75,000,000) does WMIH have left?
Going on with this "business model" will/WOULD drive us into chapter 11 again, in/during that scenario WMIH would became very cheap and affordable for those with the guts and courage to stay in the game and buy them...
At the same time, dilution (increased number of shares) on WMIH shares has been small..... HMMMMM.
Our "managment" team doesn´t mind destroying per share value while adding WMIH shares for themselves and not diluting them, at least is what they have done is last 5+ years
Now WMIH is supossed to enter a YUUUGE dilution phase: interest payment alone is 5% x 600,000,000 = 30,000,000 a year to be paid in WMIH shares, and this is quite dilutive itself (even without M&A/using the 600,000,000 and trigering the 1,35 conversion clause)
Unless this dilution and aditional destrucction of WMIH per share value is just a charade that doesn't last/last long; Cash is not abundant and our "managment" team has to go on with this game at the price of WMIH dilution , Will they?
We will soon know
JMHO
