What good is to have 500K or 1M WMIH shares if they are valued are less than $1 when dilution takes effect? I did not waited 10 years for that crap so sorry if Im not thrilled or happy.
The big money players stole my pie with the accumulation of shares at these prices
First the Acquisition of WMIIC, then the NSM Merger.
"An acquisition is commonly mistaken with a merger – which occurs when the purchaser and the target both cease to exist and instead form a new, combined company. When a target company is acquired by another company, the target company ceases to exist in a legal sense and becomes part of the purchasing company. Acquisitions are commonly made by using cash or debt to purchase outstanding stock , but companies can also use their own stock by exchanging it for the target firm 's stock."
There was two WM BK filings, WMI and WMIIC. We have only been compensated for WMI's BK which resolved at 75/25 for Preferred/Commons in WMIH new shares.
Now, Dollar for Dollar Scenario for WMIIC value in WMIH shares to be compensated for WMIIC.
The WMIIC value is in intrinsic into the new WMIH shares at One for One to old UQ's. Same One for One for P"s and TPS, as the K's will be redeemed.
What Happened to the Other 3/4ths?
"Pg. 116 – From 2000 to 2007, Washington Mutual and Long Beach securitized at least $77 billion in subprime and home equity loans. WaMu also sold or securitized at least $115 billion in Option ARM loans. Between 2000 and 2008, Washington Mutual sold over $500 billion in loans to Fannie Mae and Freddie Mac, accounting for more than a quarter of every dollar in loans WaMu originated."
$500 billion in loans sold to Fannie Mae and Freddie Mac is more than 1/4th of loans WaMu originated.
What happened to the Other 3/4th of loans WaMu originated?
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