Actually the BOD is executing a plan that is 5 years old... "Marketing of the reorg company"... This work has been done by the HFs YEARS AGO.
Therefore all stock grants for the BOD are FREELOADER SHARES.
Our bod members deserve 15.000 Dollars per anno in Cash. The Chairman deserves 30.000 bucks in Cash maximum. That is an adequate compensation for "giving their names".
They most likely lied to the shareholders when they said "we evalulated dozens of potencial M&A candidates". In fact those were trillions of companies and therefore we are all happy that Blackstone is working for free with the help of KKR on top of that...
KKR ALREADY got very cheap WMIH shares, one part of the their options had been EXECUTED.
WHAT DID WE GET IN RETURN WILLINGHAM? 10 Million Dollars? That is less than the BOD GOT IN STOCK STOCK GRANTS!
The BOD cannot say "we did not call for the listing" on the one hand and get CHEAP FREELOADER SHARES THE OTHER HAND.
Beyond that dirty and silly masquerade the policy of "no information for retail" ENABLES THE MMs to play the shareprice AT THEIR WILL, RISKLESS, because WE HAVE NO FREEFLOAT AT ALL.
The HFs were at the negotiation table and they figured out the game plan - those dirty MM-Games are the direct result of "smart money in the known" and retail shareholders played around like idiots. Possible only because the US justice system is fxxxd up royally.
NO MORE FREELOADER SHARES! - INSTEAD GIVE THEM ALL BACK! Make the BOD MEMBER SHARES TREASURY SHARES OF THE COMPANY! PAY THEM SOME DOLLARS IN CASH for their hard work instead. How about this SHAMU?
The old grandma that got angry on the SHM in 2012 should have beaten the sxxt out of you all.
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