dmceng, all I know is what these vicious big money people tried to do from the onset of seizure to take everything. Especially, in Judge Walrath's court where she held a trial on Insider Trading, found them basically guilty with a so-called "Colorable" legal term, ordered them into two months closed-door Mediation and they still fought tooth an nail to zero equity.
Only upon the threat of losing their claim and going to jail after the court basically found them guilty with a legal term of "Colorable" on Insider Trading charges did they decide to let Equity in on the massive deal. They are afraid of nothing other than sunshine on their behavior/actions.
So, to think they would not try something like this is well, I will just say naive in my view. Do I think this will happen? Based on these people's past actions, I would not be surprised! I have no way of knowing until WMIH files their 8K showing the way forward how this will go down.
I know at present the markers cannot be sold, but all that takes is a motion, filing by the big money players and all that changes and it could be contingent on a Tender Offer.
This to sell all common markers at $3.00 a share which would be 3.6 billion and all outstanding common WMIH shares at $3.00 which would be $600 million for a grand total of 4.2 billion and then the NewCo/WMIH and former Preferred are taken private and share the wealth.
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