The shares for assets view is shared by a few here and is put forward as why the WMIH A/S was increased to 3.5 Bil.
IMO, this is a possibility but that's as far as I'm willing to speak to on that issue till more is known.
As far as the Legacy shares and Escrows go, both are exactly the same since the amount of Escrows one received was based on how many Legacy shares each holder released.
The amount of WMIH shares received for assets would depend on the 75/25 split with one receiving their pro rata share based on how many Preferred or Common Escrows one owns.
Say $10 Bil in illiquid assets are available for sale to WMIH. Using a WMIH share value of $5/sh would require 2 Bil shares to be distributed. 1.5 Bil would go to Prefs and 500 Mil to Commons.
For Prefs these 1.5 Bil shares would be further divided between PQ, KQ and REITS while Commons would share the 500 Mil with each receiving approx. 0.42 WMIH shares/Common Escrow.
Above is solely based on this hypothetical scenario
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