Tuesday, January 05, 2021 8:42:48 AM
WE' Can Now Be Assured That, The WMI Subsidiary that HAS BEEN Managing The "P' Interest Earning Income For Years', Is ALSO Obviously QUITE REAL' ... and, ... was sound continuous income' collateral for the A' and B' preferred Cash received from KKR beginning in 2014' ... proving that the NewCo' (WMIH) could actually pay for the "Coupons and Expenses" Required' ...
The Cash or numbers that they have used, are in the millions, so it isn't the end of the world, its just bothersome' in my opinion ... turning the page' ... (on what I don't control)
So, WE', Know of at least "1" of the 7 remaining WMI non-banking subs that remains functional' ...
WE' Know That The Cap Trust remains separated ...
WE', also Know of the 2nd Change in Control ...
and WE', Know (due to the 2nd private rights offering) that the ASSET VALUES of "WMIH and its Subsidiaries" Are Also Very Real' ...
WE' also know that "2" COOP Participants have been given a BOD special allowance to exceed the maximum "COOP" ownership allowances' ...
and that "COOP" is now 100% ALL Common Shares, so a Coupon and / or a forward correction Is Now Possible' ...
There's A Lot More Good Than Bad' ...
AZ
Recent COOP News
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