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Saturday, May 19, 2018 10:30:45 AM
So, WMIH has 3.5 billion common shares authorized and ten million preferred shares authorized. WMIH will put the Escrow ShareMarker back to their original position. So 1.2 billion common released, WMIH issues NewCo/WMIH common shares to these investors and WMIH will also put preferred back to their original position as well. My guess is WMIH issues new preferred with say a 10% per interest rate annually, the option to exchange into WMIH common when WMIH common reaches say $10.00 a share.
This means everybody is put back to their original position with no harm, no foul and WMIH continues to grow massively into a larger corporation than ever before. I also believe WMIH will be doing business with Fanny and Freddy due to WMIH becoming a Government favored entity in which to do business with unlike prior to seizure.
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