ItsMyOption, they may do this in stages where the first stage could take the WMIH value to between $5.00 and $10.00 a WMIH share BEFORE any market multiple is added which will not happen until merger is finalized.
All need to stop being so SHORT SIGHTED HERE, whoopie dilition of say 25% WOW BFD....... If you currently have a PPS @ 1.47 and then you get 6-10-20 bill in assets that come back here YOU GONNA BE PO'D????????? ME THINKS NOT AT ALL as your share price even at the 6 bill would be aprox $4.28 INCLUDING the 300 mill DILUTION LOL for common markers
SO HURT me and dilute me all day long like that good grief
must take place before NSM shareholder vote/Merger.
Would this dilution of shares have any negative effect for the NSM shareholder? I would think so.
Share for Value Exchange is not dilution to WMIH holders before the NSM merger because the Price/Book remains the same.
Hence; Shares for Value Exchange.
This is why the Share for Value Exchange must take place first before the NSM merger so the NSM participants are not diluted from the WMIH shares distribution to WMI Escrow holders.