It's a 3 legged sack race, and WMIH's is dragging us to the finish line before we can untie.
I slip this into posts often so apologies for redundancy - but WMIH needs us more than we need them. imo.
This whole BK/FDIC/JPM mess Yoked the re-org debtor and escrow interests at the hip, and gave the debtor the power to make the decisions, not us. Which does protect us to some degree. They cant kill us without killing themselves, for now. They cant gain and sell without us, without acknowledging us and our share of the gain and sell...
You need CASH/assets to Leverage 10 x or more to turn WMIH into a real powerhouse. If WMIH takes physical custody of legacy assets, they have to acknowledge us/our share, and I bet close to 50% or more of retail/hedge funds would move their money to other quicker deals, that aren't under the governments massive microscope, not to mention piss-ant retail's message board soap boxes. I would be gone.
WMIH loses control of too much money, they might end up in BK again, lol....
I really think this is about wmih NEEDING to string us all along as long as they can, to effect enough of a proficient holding company where they can afford to cut us loose - share exchange. And when they can afford to cut us loose, I dont think it will be bad for us on the WMIH stock end obviously.
And if WMIH circuitously 'booty calls up' with each of its legacy custodians for merger opportunities, it seems they can technically not hold their own assets personally. Remember, and if true, Nationstar is merging into WAND, and WAND got the loan right? Maybe WAND holds the paper certs (golden tickets).
