I increased my portfolio of "H" 150% today. The more I read posts today, the more I feel it won't bounce back.
HFs will fight the IT allegation at the last minute, there is no "mediation". Therefore, there has nothing left for "H" because HFs pays their attorney's fee from estate. In other words, no waterfall ever reaches "H".
Also, HFs want to utilize NOL exclusively. But HFs realized that EC will be on the board of WMI2, they lose their original convenience. EC wants to sell NOLs but HFs want NO WMI2 but only take advantages of NOLs by themselves.
From the above reason, H provides no value for HFs anymore. Remember,once a time HFs ask only party holding more than 1 million in FV 0f H will be qulified to participate in reorganization.
