Walter Investment Management Corp (WAC)

[BigDog0708]

I am of the opinion the BK TTEE court will eventually approve the "Restructure Plan" since it had nearly 100% of approval from the creditors. This is largely unprecedented. The TTEE's may want to sort out some details in the language along the way but will ultimately approve.

WAC's timeline to for an "Execution Date" was the earliest of Jan 31st or 75 days from BK commencement of the BK filing.

These filings hardly ever go as planned once the Court's take over.

I have seen and agree with assessments the book value of the stock is roughly $2.40 based on existing stockholder equity and the structured recovery plan for existing stockholders.

My best case scenario would be for the stock to exceed $1.25 prior to Execution Date, so I can sell for a nice profit. (That is nothing more than my personal exit strategy!!) The Execution Date triggers the stock re-issuance and warrants. I would prefer not to hold any warrants, but will if necessary. GLTA!