April 16th is an important date. Until then, no dimes will be converted. Even those who opted in, all of their shares are still locked showing no value.
It's possible an appeal could happen between now and the 16th. If so, that would be the cleanest way to handle it because 100% of the dimes would still be locked. It would just make any settlement talks faster and easier IMO.
If nothing happens by the 16th, the opted in dimes will be converted to wmih stock, the opted out's will still be canceled and untradeable. And the odds of a successful appeal go way down IMO.
But as of today, an appeal is still a possibility. Where's good ole ben bush when we need him?
