Cherry-Picking going on here, remember WMI Investment owns Mortgage-Backed Securities that were rolled over to JPM to service for them. JPM only serviced the MBS, the corp retained ownership. Read the 10-K.
S-3 registration requires the language and prospectus notification. WMIH is following the rules of the Shelf Registration requirements. However one can glean the info from the filing to help one make the right investment decisions, that is the whole reason for the filing. The owners of the Preferred and Equity have the right to sell or dispose of such, once they are registered.
I believe we are getting really close to the announcement of the QA.
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