News Focus
News Focus
Followers 158
Posts 40225
Boards Moderated 0
Alias Born 02/09/2013

Re: jhdf51 post# 535724

Thursday, 08/30/2018 5:11:09 PM

Thursday, August 30, 2018 5:11:09 PM

Post# of 749756
JHD

IF IF IF it doesn't come to marker holders I'll let you do the figuring based on 1000mill shares being out

Let's say WMRRC is where all is and let's say there had to be 30 billion to back all of the loans that were ever out on WAMU.
Congress said we had 600 BILL $$$ plus written and in force when seized.

Now I do not KNOW the exact legal % required to be held in cash to back insurance policies so we have to play a game.

let's say for grins it is 5% in cash to back 600 bill(MY GUESS IS MORE)that is 30 bill OK, now if NOTHING ELSE is there that 30 bill divided by 101 mill shares + or minus is what in cash per share, JUST IN CASH

Now what if it is the actual filing number of 24 bill and do the same thing.

NOW this was all just an exercise in fun, but oen can see just how easily it transforms into HUGE money,escrow of actual share price in WMIH!!!!!!!!!!

ANd at the same time DO NOT FORGET, there are 3 registry accts IN THE BK and those funds need to pay off BB and about 12 bill more, will there be any left IN THE BK to come to us????????

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today