Who says. We were up .15 this morning, now up .01. And if it ever gets to $3 it won't hold unless they do M+A and they say that may not happen until 2018.
now take that one step further...every $1 billion dollars is .25 per escrow share...$10 billion dollars is $2.50 "OR" 2.5 shares per escrow....now 2.5 shares for each escrow X say $3.00 = $7.50 per share or "1 TIMES VALUE" wamu was....hmmmm imho
we might see 2.5 shares per one escrow share....jmho
and all value goes back to WMI...
1.2 billion shares converted...and I believe there was almost 200 million shares else where...so 1.4 billion in escrows X 2.5 = 3.5 billion shares !!! Hmmmmm