Shares that signed waivers and elected to participate going forward
1,2000,000,000 ORIGINAL WAMU SHARES
Shares obtained in the exchange for the 1,200,000,000 in TOTAL
200,000,000 shares WMIH shares
200 Mill shares distributed 75%/25% between preferds and commons
150,000,000 shares in WMIH allotted to preferds 75% of the total ownership value of NEWCO COMMON Shares of WMIH
50,000,000 shares in WMIH allotted to COMMONS 25% of the total ownership value of NEWCO COMMON SHARES of WMIH.
900,000,000 original WAMU shares is IS IS = to 150,000,000 WMIH
300,000,000 original WAMU shares is IS IS = to 50,000,000 WMIH
Now IF IF IF a S4V swap happens it goes like this
In lieu of 150,000,000 WMIH shares being issued to preferds it would take 7.5 mill PREFERDS being issued @ $1,000 face value that are convertible, at the holders option.( Conversion rate/ interest rate ?????????
Now as for commons they could issue 50,000,000 commons, putting common RIGHT BACK where they originally were as far a % of ownership for their 300,000,000 original share ownership!
If one has 25 cents in pennies and you take that to the store and get a quarter, did the store CHEAT YOU???????? NO you still have exactly what you had before.
Just exactly like 1,200,000,000 original WAMU shares being represented in the 200,000,000 WMIH shares
If management is looking OUT FOR THE COMPANY imho this is exactly what they would do to return value back(rev streams) to WMIH to be utilized leveraged and LOANED out in the form of mortgages to build the corp.
NOW you have to put YOUR feet in THEIR shoes, the original DIPS worked very hard to obtain as many preferds as they could, even to the point of being CAUGHT inn COLORABLE INSIDER TRADING.
So one has to ask ones self, SELF why would they not attempt yet again to get back to a preferd priority position now in WMIH AND with APR.
Not to bust any bubbles BUT, they can and will do this if that is what they want and there is ZERO we can do about it, as IMHO they CONtrol the vote here(both sides) and imho they would do it PRIOR to a merger, because AFTER the merger, what is 50,000,000 shares gonna be % wise as far as dilution goes?????????? NOMINAL.
I wanted to put this up here to show exactly what I am proposing MIGHT HAPPEN here.
And to clear up any confusion that may have risen out of this and also to show that 50 mill shares AFTER the merger is very little as far as overall dilution, and well worth the small amount of dilution to obtain ALL of the assets that may still be out there.
P.S.
This is as clear as I can make this and will not attempt to explain or discuss it as to how it could work anymore...
