OK I am telling you guys my "story" one last time whether you guys believe it or not, it does not matter to me but it is for your own peace of mind.
OK, I am not exactly a "newbie" and I only posted regularly on this board after the merger news with NSM because I mistakenly thought that the merger has to do with WAMU assets, something I dispel within weeks. Prior to this merger news, I have given up on WMIH and escrow.
I learned about WAMU BK in 2010 after seeing a guy pumping about it on a different stock board. I didn't buy my first WAMU stock until 2011 because mainly nobody wanted to help me and tell me which WAMU stock to buy. It turned out to be good because WAMU stocks have tanked. I bought half preferred and half common.
My main buying was in 2012 after the fact after POR 7 was published. Unlike a lot of people, I read POR 7 carefully and sold all of my commons to buy preferred and a lot more. I also bought WAHUQ after seeing that it will return more than 3X if I buy under 3.
So I am not exactly a newbie and I did read most if not all of SEC filings as well as dispositions by the EC members and court hearings. But I didn't have the level of understanding that I have today. I used to be impressed by Z, LG, BD, TZ, Ron, even Mr Simpson posts, etc. until recently when I discovered that they are all craps. Seriously. I don't know how I can be a believer in those theories at one time.
And so this is the real story from a non newbie. I have absolutely no reason to lie, nor have any incentive to do so. If I am paid 50 cents per post, I would be rich by now
OK being not a newbie, I like to throw you guys a bone...
So the 75/25 split til the end may tell us something and not something...
- If there is no money left then nobody would go to the trouble of devising such a scheme.
- The "til the end" part is less convincing that there will be hundreds of billions because those who own common (MW and Bonderman) would not allow this because TPS and preferred will get way more than their Face Value. I think the 'til the end' clause was put there just in case the returned money goes above 10B and the bucks will not stop for preferred and TPS at 10B. Because TPS already let common share escrow money before they are paid in full, they have to get something back.
- If the returned money is less than 4B, TPS should take it all with no 75/25 split and preferred and common should just share WMIH with the 6B NOL.
- If there is much more than 10B returned, there should be no 75/25 split either and TPS and preferred should be paid Face while common take the rest of the Estate like the theoreticians have said.
So the 75/25 split til the end should imply the above.
Now how do you guys like my bone?
Market Data 
Markets 
AI
