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Alias Born | 10/26/2008 |
Thursday, June 07, 2012 5:16:54 PM
For all of the young Grasshoppers out there, patience, patience and patience Grasshoppers. As Kingdxxx and Charlidude have pointed out and there has been very little discussion on this topic of cash or stock. Why did these money people take ten million dollars of stock in WMIH instead of ten million in cash? For them to get their ten million dollars back or more, they are saying WMIH stock is worth at least $1.00 dollar a share with 200 million shares outstanding.
I think the answer in pretty simple as these are the same people who have the so called 'inside edge' and yet they take ten million of stock instead of cash. I base my decisions on people's actions and not on what they say. They are clearly saying that stock in WMIH is worth far more than the cash for them to keep their money tied up. As they say "follow the money" for the pot of gold and there is absolutely no doubt in my mind that these kind of 'money' people will monetize this company to the fullest extent possible. Thanks goes to Charlidude who posted this distribution list on the new board.
http://www.sec.gov/Archives/edgar/data/933136/000090951812000125/mm03-2312_8ke993.htm
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