Monday, July 16, 2018 2:40:51 PM
"DOCUMENTED PROOF IN WMIH 8K FILING ON 2/13/2018 SHARES MUST BE ISSUED TO ESCROW SHAREMARKERS SIMULTANEOUS TO MERGER CLOSING
As NSM/WMIH merger currently stands, it FAILS and cannot be closed according to required merger closing documents.
As stated with information we currently know, there will be roughly 1.2 billion outstanding shares at closing, so UNLESS there is more forthcoming, this merger CANNOT close.
This due to an ownership change this merger creates with currently known information under Section 382 of the IRS code on closing and this is in direct violation of merger documents required at closing
Section 382 of IRS code says 51% ownership must be maintained by >5% owners, otherwise there will be an ownership change so to avoid a minimum of 450 million shares MUST be issued to Escrow ShareMarkers simultaneous to merger closing"
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