Before the insolvency, there were 17.7 billion shares, after the insolvency only 1.2 billion have given years signed and accepted.
1.2 Billioners X $97 = $116.4 Billioners
The rest is paid in cash?
The figures that have been floating around range from $180 billion to $300 billion, Alice said the sum of $600 billion.
One thing is certain, until the new reorganized Bank, now WMIH/COOP, is announced, it will remain only a speculation.
They have the freedom to distribute both ACTION and money without us being informed.
I trust what AZ has made us all aware of.
But one thing is certain, by distributing shares, psychologically it is perceived as a WATERING of COOP capital, even if the money from the WMI subsidiaries goes back into the WMIH coffers.
In this case if the shareholders sell their shares, the COOP can BUY them back at a good price on the market and automatically the WATERING would no longer matter!
This would be a good deal for the COOP.
Yes, this manoeuvre is logical and makes good sense.
Personally, if I receive shares, I do not sell them immediately, but keep them until they reach 100$.
This is absolutely only my opinion
Greeting,........... at the moment I am in the HIGH SEA behind me is Hawaii and I hope for a peaceful sea.
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