~ MyPennys, Lots of Noise ? ~
Yep' That's for sure ... and ... just as many numbers have been considered' ... truth is ? ... Yes of course, along with everyone else I consider what could be the real numbers, ... we all do' ... its human nature built into an investors mind' ...
I actually use a simplified method as an extremely conservative base amount' ... but first, let me remind you, along with the entire group' ... as I said earlier -
The Original Debtors, WMI & WMIIC' assets belong to the releasing legacy shareholders of the WMI Original Estate, (marker holders) ... which as the returns begin to come in, will be distributed by our own "Grantors Trust - Pass Through Trust" ... the WMI Liquidating Trust' ...
Now, remember' ... WMIH-Corp owns the "Equity Value" while the legacy shareholders own the "Asset Value" ... so again, ... The TWO remain connected and will need to do business with each other' ... The LT can not entertain outside bidders' ... a very, very, important part of the process to be aware of' ...
To state that WMIH-Corp and the WMILT are not connected is just about as silly as someone presenting 32.2 of the Plan' and stopping at the comma, or for someone to not understand that the MOR's were limited to the reporting of the - cash' - only ~ NOT assets' ... or ... how a deposit base is considered a liability, while being an immense infusion of cash at the same time' ... anyway' ... like you, I only read a few ...
Now, back to amounts ? ... I simply consider what the documents state, and as revealed, in Sep 2008' WMI was interested in a bid of around $8.75 per share ... Blackstone got the closest at $8.50 ...
So, during the most tumultuous financial times in the U.S. ... 2007 - 2008 ... WMI wanted something like 1.7 billion shares X $8.75 per, with an unknown "blue sky" for the buyer ... so roughly $15 Billion as a base number' ... again, back in Sept 2008'
... So, have things improved ? ... obviously YES' ... was FJR ruled to be paid ON THE CLAIM (retro ?) ... obviously YES' ... was the Judge just shootin' the breeze with her "$10 Billion Dollar posit" ? ... Federal Court Judges don't shoot the breeze' ...
So, ... if someone were to ask me ? ... my conclusions lead me to believe this dog' is massive ... and ... I'm glad I listened to Rosie, the Judge, and Equity's Representation and released' ... and also ... chose to cracked on this very hard to average my entire holdings down from mid 2012 - Nov 2013' ... I haven't added WMIH shares since Nov 2013' ...
I have also been "Blessed" to not have to have needed to sell any shares' ... as we have all heard, how Life' has happened to so many of our people' ...
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