Lucky Panda....how about this..BOD of NSM acts in a fiduciary capacity for their shareholders.... I am quite, and certainly sure that any SH assets and the amounts were discussed well in advance of merger talks were underway....Wmih cannot discuss proprietary information to shareholders, who are not part of any merger talks.. only the BOD is, and since the merger is a go, I am also quite certain that there is substantial money that Wmih has sequestered, but not disclosed...ergo, thats why the merger is a go... equal strength goes to equal strength...there is no other way for a merger to occur, except through equals...so, my point... if there is a S4V, it is known already by the NSM BOD, who have already placed their imprimatur on it...why not have a S4V at the time of the merger to clear the air, once and for all, there is nothing secret about the SH assets (if any).. we all know and surmise about them....Lodas