Hi AZ, Eagerly waiting for that event. I know most long timers including you are kind of tired waiting for it. Simple question. Hypothetical Original WAMUQ holder who had 50 k original commons and this is even before the 1/30 reverse split of reorg WMI, but sold all COOP shares. So essentially only has 50k escrow shares in the account. How will this individual benefit compared to let’s say KKR ?
Simple IQ, really. Why tell everyone that the only way poop benefits is from a percentage of class 22. About 2%. It is in the documents you so called read. Wait that is if LTI survived. Outside of that there is not one thing that will go to poop. That is not how the Por7 goes. Wmih has already obtained everything they will get without having to pay for it. Otherwise the pps would be through the roof. Hosen played the game correctly not one more penny will go to wmih if equity survived. Otherwise pps for wmih without equity would have been 25 not a 1.50.
Poop did not exist when por7 was generated. All of equity is a creditor of wmb and that has to be paid before poop is to move forward and that is the divi and distribution.
Poop may have that earnings but that is for new business kkr is new business not part of Por7 as you claim.
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