While I believe this is just another positive development, much like:
1) Hedgies taking shares instead of $4billion+ cash payout during BK.
2) Hedge fund loading up last Fall.
I also don't see this as 1.4 million shares = $72 million dollars.
The $72 million was a claim, not a sure thing. They might have gotten all of it, but they probably would have gotten less. Still, it's very positive, imo.
Too many people on this board, positive and negative posters, are still holding on to that Penny Stock mentality. And while WMIH does trade below $1, this is NOT a penny stock. This is a real investment, but a complicated one. When we came out of BK I mentally prepared myself for nothing to happen here during the first 2 years because of all the restrictions. If anything does happen then I'm happy and it's all gravy. If not, then I'm prepared to go the distance with this company.
This shell (asset) will not be wasted by those in control of it.
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