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Friday, February 23, 2018 9:00:06 AM
Me thinks youre missing a part of the puzzle here
""The point i'm making is that the likes of KKR and Fortress who will own about 40% of the merged company will reap the greatest rewards from these assets even though they did not Release. KKR will invest a pittance while Fortress invests nothing yet they will both see great profits from WMI owned legacy assets.""
In rough numbers if all the entities involved today and all CURRENT OUTSTANDING issued stock to facilitate the merger it adds up to about 1.4 bill I think doesn't it?
Now IF IF IF we do a stock for value swap as I have suggest in the exact opposite of what was done before,WE WE WE would hold an additional 1.2 bill shares for value( the exact number before our conversion to WMIH) AND SHARE no body GETS but MARKERS holders.
that would be 2.6 bill share of which WE WE WE would hold 1.2 bill and whatever retail still holds of the 200 mill originally issued at conversion.
Sounds to me that IF IF IF the swap for value does take place it doesn't by any means put US in A BAD PLACE does it????????
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