Jerry
Again when you're in business, you KEEP cash , CASH IS KING as it allows you to do many things like, RE-INVEST IT IN THE CORP buying more assets to leverage and work with.
I agree ALL cash where ever it may be from, must return as cash to marker holder, ya CAN'T BUY CASH, as well as a 1/1 commons and preferds IMHO
As for commons being made prefereds in WMIH? WHY????? They have tried their dead level best to kick us to the curb through 7 POR's and you're suggesting that ,NOW THEY TURN NICE and invite us into THEIR PRIVATE FOLD!!!!!!!!!!!!! NOT GONNA HAPPEN, not sure how or why one would even thunk that honestly.
IMHO WMIH commons will pay a divie anyway, may be minor but 1.5% maybe 2.
Preferds will be returned to and or ABOVE their old divies rates due to the fact they allowed the company to put them back as whole and saved the company some 900,000,000 shares to be worked with at a later date when the share price is much much higher.
IN short why would anyone just sit and eat the goose quarter after quarter , year after year????????? Make Zero sense really, you work with money to make money , it doesn't just happen.
SO I guess we'll have to agree to disagree here NBD
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