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Re: MadBadger post# 697998

Wednesday, 11/02/2022 12:37:30 PM

Wednesday, November 02, 2022 12:37:30 PM

Post# of 730595
thank you for your reply....Lodas

who put up backing for the 200 million shares issued at 1.00 per share upon emergence fro chapter 11?....if it was WMIH, why did they need to put up 200 million dollars in stock, if they were not caught with insider trading...?... did the hedge funds put up the 200 million dollars...?... I mean, as soon as the 195000 shares hit my account, they were worth 195000 dollars...I saw it it in the account, but they were not tradable...why?.. brokers could not make a market in securities with no corporate structure, because WMIH just exited chapter 11...the stock quickly sold off as a market developed somehow, and they were traded anyway... but my point is, they were valued at 200 million dollars... who put up the money...WMI, or the hedge funds?...Lodas
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