It's a lottery ticket to some of us. We already took a loss when it was seized and then later when the stock was cancelled in the reorg. Now everything is "opportunity."
You don't throw away a lottery ticket that hasn't expired, do you?
Hey roccodelphi what kind of imbecile would post on a site for a stock that has "no earnings/business/profit/hope/plan? What kind of imbecile would buy or hang on to this stock for the last 19 months?" Oh wait thats youuuuuu lol
Wmih investor logic: well I don't know anything for sure, but something may happen in the future. In the meantime retail shareholders can keep the pps artificially propped up at over $1 a share. Wink, wink, you can raise the pps of this POS by over 5%, just by buying 100 shares.
It may not be sound investment logic, but let's hope and pray something happens before the BOD and it's cronies takes what's left of Wmih's assets and declares Chapter 7 bankruptcy.