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Cliffs Natural Resources Inc. Message Board

marymbobh 4 posts  |  Last Activity: Dec 11, 2014 12:38 PM Member since: Oct 15, 2008
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  • I can confirm from my account that WMIH is calling some of their remaining runoff notes on January 6, 2015. Not sure why but it *might* mean something good for us.

  • The WMILT has filed (Docket No. 11897) their new lawsuit against officers, directors, and doe defendants TBN seeking $500 million that was allegedly downstreamed to WMB from WMIH on 9/15/2008. They are seeking recovery of the $500 million as well as interest, attorney's fees, and disallowance of claims by some of those individuals against the WMILT. Very interesting.

  • Reply to

    Falling PPS for WMIH

    by marymbobh Nov 14, 2014 12:47 PM
    marymbobh marymbobh Nov 16, 2014 10:22 PM Flag

    I am not planning on getting the low end and neither is KKR and so I (and they) have not made any effort to quantify it. :)

  • marymbobh by marymbobh Nov 14, 2014 12:47 PM Flag

    WMIH is a stock that will be worth either $0.50 or $5.00+ depending on the outcome of merger and acquisition deals that will utilize its tax benefits. The pps is falling right now on relatively light volume which suggests that a few shareholders are tired of waiting and want to take what they can get. If WMIH (with KKR) is unable to execute any deals to benefit shareholders, the people selling now will consider themselves fortunate.to have gotten out when they did. On the other hand, if WMIH does eventually execute some sort of deal(s), those same people would regret selling. No one (including WMIH and KKR) knows what will happen. What we know, however, is that WMIH continues to explore potential deals. We also know that they have been working with KKR for over 10 months now, and KKR is very serious about what they do. If WMIH were to announce in their next quarterly report that they have abandoned the effort of putting together a deal, the pps would dive to the value determined by the liquid assets of WMIH. They have not done that, however, and so our patient and hopeful wait goes on.

CLF
6.41-0.39(-5.74%)Dec 17 4:03 PMEST

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