Well the market with the help of shorts placed a value of 80 or so cents on the 206 million issued and outstanding shares. However, the Series B holders are willing to effectively buy 400 plus million shares at 1.35. Today marks the end of the three year testing period for the nol ownership change. So KKR can go forward with their plans to do with wmih what they always intended imo. So acquisition by wmih could be perceived as right around the corner. jmho.
yup darn thing couldn't even muster back to a buck after the new terms were announced let alone the new floor but oh sure just as soon as the thing becomes effective now it can? i'll take it but does seem all rather very controlled. Free markets aren't suppose to work that way are they.
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