And you didn't read the Disclosure Statement, nor the plan before you chose to vote for it and NOT sell your shares, and chose to move forward with WMIH? You did have a choice.
Now that you made that choice, and you're still not happy, then there are options still available.
And I'm still trying to figure out how the circular complaining among the same group is going to:
1) Solve anything.
2) Provide additional DD.
3) Contribute to the discussion.
Regarding the trading -- the irony is: (As I posted on Y!)
If we were "locked" and had just our WMIH shares and nothing traded.... then what would be happening...
*If, hypothetically, WMIH had never traded*
1) Screams on "why is my WMIH valued at zero" (no trading, no "last trade price" = showing up as zero in your accounts..)
2) Panic'd people on why after months it's still not tradeable.
3) Stories about people not able to sell, and having too much monies tied up in it, and having medical bills, house payments, educational expenses, etc -- whether they were in too deep isn't the issue... it would be that they were trapped.
Basically the point of the argument is -- no matter which way it goes - "Does trade" or "Doesn't trade" -- there will be those unhappy.
In your case, your rationale is based solely on the "bleed" you state. The ironic reality is, if it was trading higher, you wouldn't be screaming about it.
So, your logic is based only on causality, not on a principle. That's flawed logic.
.... Please, just call me Catz ;) - - - - - {and the requisite, all IMHO, do your own due diligence, and make your own investments}
AI
