Those woefully uninformed Germans. The 4 billion in question has always been considered to belong to WMI. It's in the MOR's. It's in the A&L. They have no clue what they're calculating.
Buuuuuuuuuuuuuuuuut, they are correct about the huge potential for money for shareholders. They are just wrong about the source of that money. The FDIC 13 billion + suit is far more important. And the threat of discovery in the JPM motion filed yesterday is even more important.
That is good news but simply dividing $4B with the outstanding number of WMI shares is a wrong calculation! Everybody knows this on this board. The real value of WMI will be certain after their first lawsuit against FDIC in my opinion. If they win, the number will be much larger than $2.35 and if they loose (I really really really hope not) then you guess what happens.
There are many many things involved in WMI that we have been discussing here since last september/october.
Well, if WMI jupms to $2.35 I would not complaint as a preseziure owner of WMI (my average is at ~ $1pps now).. LOL..
News 
Market Data 
Discover 
