Right and the only reason we're not being shown the full picture, especially considering Escrow shares cannot be bought or sold, that I can postulate is that the assets are connected with WMIH and that connection is MNPI! Why else would WMIH take five years to have an Merger? Add to that, the Merger is announced shortly after the DB settlement. I believe that is why WMIH is the tell. And if you look at all the mortgage related people and activity involved with WMIH, and all the RMBS, CMBS, and ABS, like Ihub member CB something said, it becomes abundantly clear the assets are there.
Assets are there, but not for WMIH or Escrow holders.
It has taken 5 years for a merger because -- before KKR entered the picture no one took WMIH seriously, after KKR came a deal was close but eventually failed, and finally now we have a deal which took an year to negotiate and succeeded only after KKR got a major concession on the Series B conversion price. If assets are there for WMIH, why would WMIH lower the conversion price for KKR, it should have raised it?
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