ACTION SHOWS WHEN WE ARE NEAR THE END OF WaMu – WHEN PREFERRED SHARES UTILIZED
1) March 19th, 2012 an Ownership Change occurred with 200M WMIH shares outstanding with ten million Preferred shares authorized-NOT outstanding
2) October of the year 2018 a 1-12 Reverse Split with 300M authorized COOP common shares authorized and 91M outstanding (now 73M) and ten million Preferred Shares shelf-ready/authorized but NOT outstanding
3) The key is in the original PORs when equity would have been zeroed out, there was a plan for common and preferred shares and the commons have been used to an extent BUT preferred have NOT been used YET
4) The Preferred Shares will be used on/before 3/31/2022 or shortly after 3/31/2022 which will be the key to our first bucket of returns
5) This travesty will finally end once the (R) Receivership is resolved/terminated