gold-nugget, I like that name, I'm going to get a few of them.
Yes, I understand and agree, Nate and Mike are my heroes. I've just always used Mike's investment as a reference point. Technically the basis of the WMI equities are passed to the new WMIH shares so the relevant price for his recovery on his initial investment is the WMIH price. As far as the break even on WMIH for his initial investment, that would take about $6.60 on WMIH.
Regardless I'm hoping for a great 2014 recovery from both WMIH and WMILT.