Ok, I am glad you made this post:
Regarding how "ridiculous" the escrow theory of billions is:
Let me make an analogy for you and everyone here to consider. Say, there is a house and you own a part of the house which extends to the contents of the house. The house burns down but minutes before it burns down, just about everything was taken out of the house and spared. Except that, even though you owned a portion of the house and everything inside, you never actually lived in or visited this house.
Now, the people involved in "saving" the contents of the house may have had something to do with the fire. And it turns out that they don't want YOU to know just what was taken from the house. They hid the contents and pretty much said that there was not much at all in this house. And they implied that anything of value was sold in a fire sale but there were no receipts of such a sale.
Now those same people build a new house "fresh start". No debt for house2. But when you look inside house2, it is empty. Where is all the stuff that you owned before? So you think- Now I own a portion of house2 but I got receipts for the portion of house1 contents I own. Except my receipts have no valuations, just quantities.
What you are about to find out very soon is- the stuff inside HOUSE1 that you OWN a share in, was actually buried under HOUSE2. And when it is uncovered when we break through the wall in the basement of HOUSE2, you will find that we OWN the contents from HOUSE1.
House2 will be furnished with the contents of House1 and those receipts will contain a value times the amount of receipts you have. Every escrow holder will get their share of the contents which will pass through HOUSE2.
KKR does NOT have escrow markers. In exchange of helping launder all of this money, they were brought aboard to facilitate the mergerS going forward with the best matches available. THEY are riding OUR coattails! And they will be paid handsomely for thier efforts.
ERGO- The control of the stock price. WMIH has bought NSM at the nadir of their public value. They will control the stock price to increase the amount of cash buyouts that their share holders will choose. Every share that they don't give out in this deal is a win for the company and provides more value to WMIH stock with less dilution.
KKR would not be here and not have stayed here if they were not going to do what they do and get paid handsomely for it.
Even if NOLS are killed by another merger causing a CIC (if that has not been found later to have happened already), you are talking possibly 1% of the TOTAL VALUE to be revealed.
When you look at the big picture, it all makes MASSIVE SENSE! AZ has let out a piece of information- he has SEEN the numbers of the trusts.
Who owns the trusts? The original owners OR the guys who burned the house down? My money is literally on the equity owners.
