InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,751.13
(
0.97%
)
US TECH 100
19,550.80
(
1.38%
)
Dow Jones
42,080.37
(
0.30%
)
Brent Oil
77.35
(
-4.44%
)
Bitcoin
62,072.51
(
-0.24%
)
Post# of 734988
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

WithCatz

Send PM Follow Ignore
Followers 161
Posts 5310
Boards Moderated 0
Alias Born 08/24/2009

WithCatz

Re: MONICALAW post# 374364

Friday, 08/03/2012 11:26:44 AM

Friday, August 03, 2012 11:26:44 AM

Post# of 734988
What? Are you suggesting that "they" (I assume you mean the WMILT) is going to use the 'waterfall cash' to "buy" WMIH stocks and distribute that instead of 'cash' to holders of Escrow shares.

MonicaLaw wrote - ...they intend to buy WMIH stocks with the LT distr. funds and deposit that into our Escrow accounts instead of just cash

Nope. Period. Nope. Cannot happen.

A * recipient* of cash {a LTI Escrow share holder} _may_ choose to buy more WMIH after they get cash from the WMILT waterfall. Just as they may choose to buy any stock with new cash.

BUT, there is no way for the WMILT to distribute LTI proceeds due, in the form of WMIH shares.

...Catz


.... Please, just call me Catz ;) - - - - - {and the requisite, all IMHO, do your own due diligence, and make your own investments}

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote
Recent COOP News
More COOP News
InvestorsHub NewsWire

FEATURED CBD Life Sciences, Inc. (CBDL) Reaches Unprecedented Heights With Explosive Growth and Strategic Expansion in 2024 • Oct 8, 2024 8:00 AM

BNCM COMPLETES MERGER WITH DELEX HEALTHCARE • BNCM • Oct 8, 2024 9:54 AM

Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM

North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM

Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM

Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM

Start posting your company's news
Only $200 per official company press release!