pm, my guess is the trigger date for WMIH announcing some type of business plan is the official closure of the P&AA which as far as we know passed on 9/25/2014. With that said, I would expect some sort of merger announcement and/or business plan any day, but by end of year 2014. Some investors think the trigger date would be the three year exit from the "effective date" of March 19, 2012 which would take us past the March 19, 2015 date. While possible, I do not believe this to be the case.
As far as escrow share accounts, there is no doubt I expect LARGE NUMBERS and how this plays out could be a number of ways and time frames. I do believe that the escrow share accounts, P&AA official closure, WMIH capitalization and the official closure of the bankruptcy case are very tightly knitted together. So, whatever is left from the P&AA closure whether small or large may have to go through WMILT, so depending on how much value this is depends on a merger partner and it may be WMIH will NOT NEED a merger partner right away, although I expect several mergers in the next couple of years.
IF WMIH gets any business from loan servicing directly from the FDIC or is purchased from WMILT as a result of the P&AA closure, then this is why IMHO, there may or may not be an immediate merger partner. IMHO, WMIH's business plan could be directly dependent on what is a residual from loan servicing, value that is left over, purchased or assets the FDIC seized improperly. This could come back as assets or cash from JPM/FDIC as a result of the P&AA expiring. At this point, I would expect some of these actions to happen relatively quickly as compared to how slow the last six years has gone.
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