~ I’m Curious’, What Is “Griffins Tantrum” Expected To Produce ? ~
The Underwriters Litigation was carried forward from the (2006, 2007) pre-seizure / and pre WMI’s bankruptcy ... (somewhat similar to the open ended litigation also’ brought forward, the Dime Bank Litigation)
After the “Exchange Event” this Litigation became a WMI preferred issue ... (there are those that just can’t get beyond the reality that the “exchange event” truly happened does the TPS and their voting package insert’, ring any bells ? anyone ?)
at the Plan 7 reorganization, 4.3 million shares of the newco’ were separately held to settle these ... “Equity Claims” ... (We’, also have some coming back to us as well, the 128,857 COOP commons and any cash in the account that isn’t an asset of the WMI-LT)
The WMI-LT’s “Trustee” was actually already given the authorization to settle these “Equity Claims” issues by Plan 7’s appointment ...
The underwriters were give 1.4 million newco commons to settle the claim, ... now divided by a 12/1 reverse split, multiply X’s our current pps of $9.50 ish’ ... equals what ? an actual value of $1,109,000.00 ? ...
... so what’s the big deal over ? ... and how does “Griffins Tantrum” change anything ... ? ...
just askin’
AZ
Market Data 
Markets 
AI
