Oh and after that's done, and "Eclipse" becomes a "direct or indirect wholly-owned subsidiary of WMIH" (which means WMIH will finally show some type of value), then the merger can be completed. Or something to that affect.
Re: It means that a shell company was formed (Wand Merger) for the sole purpose of purchasing an "entity" (unknown source of assets) called "Eclipse" which happens to be us "escrow holders" (or whatever we're called). Duhhh!
Wrong!
Wand merger is a sub of WMIH which is a PUBLIC company and has nothing to do with escrow holders.
In fact some escrow holders have already sold all of their WMIH shares and therefore won't profit from this merger anymore. They still have escrow markers of course after selling all of their WMIH shares but WMIH is a PUBLIC stock anyway.
Market Data 
Markets 
AI
