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Re: hotmeat post# 509981

Monday, 02/19/2018 5:04:57 AM

Monday, February 19, 2018 5:04:57 AM

Post# of 734577
I provided links in this post...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138656244

...that the PPS must be above $4 FOR APPROVAL.

It's a chicken and egg problem!

Also open the link to mordicai's post I provided. There it becomes much clearer...

No approval if PPS is below $4, so it must be above $4 before approval...

And the consummation of the merger requires the approval.

Again, chicken and egg problem, except WMIH's PPS gets above $4 for another reason before the consummation of the merger!

Your post:

IMO shares attaining a $4pps is NOT a requirement of the Merger but rather must be attained after same once completed. What is required prior to the Merger is the "APPROVAL" to uplist, not actually uplisting to the Nasdaq GSM. If that was the case, the current agreement for $18 cash, 12.7793/1 share swap (WMIH/NSM) or both will not work.



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