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distrojunky

03/06/17 12:29 PM

#473223 RE: JusticeWillWin #473207

JWW,

These guys don't get a share until there is a Qualified Acquisition (QA). And, with a QA, it's in everybody's best interest to have the WMIH price go through the roof. All of the Series B Convertible Preferred Stock are the same. $1.75 is the lower conversion value. WMIH seems to be doing what they have to do to keep KKR (and Citi) from getting move ownership. I suspect the conversion price will be back at $2.25 for the QA.

COI, I don't think so. I've always been happy that we are on the same ship with the Hedge Funds and institutions. As long as we don't get diluted too much.

distro.

dmceng

03/06/17 2:48 PM

#473238 RE: JusticeWillWin #473207

JWW

Appears Fairfield has a contract with WMIH FOR 4 mil and if that means lower pps and more shares to arrive at the 4 mil so be it. They are restricted now anyways.

Take care
David