~ Raj, Lets Just Consider An Original "Released" P, (a WMI Fixed Income Bond) For A Sec' ~
Lets say someone owned 1,000 P's during 2012's 1st quarter craziness' ... I bought mine at roughly $20.00 each' ... my K's were acquired for a bit of a lower reasonable price equivalent ... doesn't matter, lets use the $20.00 (ish) per P ...
So, 1000 P's would have issued roughly 19,000 WMIHC ... right ? ... so, some 19,000 WMIHC' ... then ?, WMIH "COOP" was Reverse Split at a 12/1 Ratio in October of 2018 ... right ? ... so, 19,000 WMIHC would have reversed to roughly 1580 "COOP" ... not to mention that additional shares of COOP' ?, Have Been CHEAP since then ... But whatever' ...
So, at a P's $20.00 cost ? ... 1,000 P's would have cost 20 grand ... but today, ... now after all of the "stuff" ? ... those 1580 COOP would be worth what 1580 X's $40.00 ? ...
So simply doing absolutely NOTHING ? ... NOTHING AT ALL" ... would have provided a 300% plus return ...
... Obviously Doing NOTHING ? ... Has Never Worked For AZ' ... I go big or get out' ... but that's me ...
just sayin'
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