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Sunday, May 06, 2012 9:56:25 AM
There are several people on the board with experience in this type of venture that WMIH is about ready to embark on, thus the questions.
With an asset list looming, my question (s) are why would WMIH release this if they were just going to "footnote" what WMIH's assets really are? We already know about the seventy five million and other but as we all know the largest asset is the various form of tax attributes which if not attached to something more such as a business plan, they are virtually worthless.
So it would seem to me, that nothing will come out until WMIH can get it's "private letter" ruling from the IRS as there cannot be any type of business plan that has to do with the tax attributes until WMIH is able to get a commitment one way or another. To take this further, it would also seem the asset list, capital raise, entity purchase and overall business plan are so intertwined that you cannot divulge one without the other. Does this all come out at once or does it come out piecemeal?
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