Will see the move to a dollar and then to Five dollars quick. That will be a precursor to listing the stock on NASDAQ exchange. Hopefully that announcement may come at the meeting. Hedgies were given the whole year to steal some shares from retail. Again it could have also backfired. The Hedgies may have lost some of their holdings to retail instead. The naysayers have been relentless on some of the message board but now have seen the bottom and are quiet. JD is on his way out and WAMU story will soon become public unless JPM, FDIC and GS
have agreed to quietly settle.
Would need bigger moves to get some retail excited to sell few shares at $ 5.00. Most of the pre seizure holders will not be satisfied until they see at least $ 50.00 on WMIH and a similar return from WMILT.