HM, with due respect, please help us understand the filings that LuckyPanda found. I know that all these discussions about preferred shares or issuing of zillions of WMIH shares, or tranches, are all hogwash talks.
But let us concentrate on other things:
- It seems that there are 2 transactions and not one, is that correct?
* WAND buying something called Eclipse
* Are there other assets of the old WAMU that remain beside Safe Harbor assets?
* WAND is a sub of WMIH
* WAND will merge with NSM with NSM owning only 32% of the merged company