Any sightings yet....?Only then all the B preferreds can be converted to commons.If my memory serves correctly a qualified aquisition is atleast 470mm worth.Hey brand, the sellers are not selling to retail public, they bought at certain price and selling it to their clients.After selling their B preferreds only Appaloosa,Greywolf and Centerbridge will hold commons, around 14mm,2mm and 1mm respectively.Is it not good?
Closing price on 09/30/2015: $2.60
Filers who had this stock in their top 10: 6
13F Filers holding this stock: 92
Aggregate shares on 09/30/2015: 68,579,862
Aggregate shares on 06/30/2015: 10,402,641
Percent change: 559.25%
Funds creating new positions: 80
Funds Adding to an existing position: 8
Funds closing out their position: 0
Funds reducing their position: 1
Percent change: 559.25% from 2nd to 3rd quarter
Credit Suisse AG holding more than a million shares
Read Scozzari pdf
It looks like their style.Pretend making a deal and break it eventually, still charge the clients such as WMIH in millions and when they really make the deal ,make many more millions.
Huh 10millions were paid by WMIH for a broken deal?.
SEC Charges KKR With Misallocating Broken Deal Expenses
FOR IMMEDIATE RELEASE
Washington D.C., June 29, 2015 —
The Securities and Exchange Commission today charged Kohlberg Kravis Roberts & Co. (KKR) with misallocating more than $17 million in so-called “broken deal” expenses to its flagship private equity funds in breach of its fiduciary duty.
KKR agreed to pay nearly $30 million to settle the charges, including a $10 million penalty.
Joseph McInnis was appointed to TAB in 2012 and replaced in 2014.Dont know why he is returning back now to TAB and Mr.Martin to litigation committee?.There is no litigation going on right? as per the QSRs?.
What does it mean to former equity?.So only class 19 and 22 are left with the TAB now?.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b) On October 26, 2015, Paul A. Martin resigned as a member of the Trust Advisory Board (the “TAB”) of WMI Liquidating Trust (the “Trust”), effective immediately. Mr. Martin was also a member of the Trust’s Litigation Subcommittee (the “Litigation Subcommittee”). Mr. Martin had been appointed to the TAB as the designee of the TPS Funds (the “TPS Designee”) in accordance with the terms of that certain WMI Liquidating Trust Agreement (the “Trust Agreement”), dated as of March 6, 2012, by and among Washington Mutual, Inc. and WMI Investment Corp., as debtors and debtors-in-possession, William C. Kosturos, as liquidating trustee, and CSC Trust Company of Delaware as the Delaware resident trustee of the Trust, as filed with the Securities and Exchange Commission (“SEC”) under cover of Form 8-K by Washington Mutual, Inc. on March 12, 2012, as amended by Amendment No. 1 to the WMI Liquidating Trust Agreement dated as of August 1, 2012, as filed with the SEC under cover of Form 8-K by the Trust on August 7, 2012, and by Amendment No. 2 to the WMI Liquidating Trust Agreement dated as of January 7, 2014, as filed with the SEC under cover of Form 8-K by the Trust on January 13, 2014. The decision of Mr. Martin to resign was not the result of any disagreement with other members of the TAB, the Litigation Subcommittee, the Liquidating Trustee or any Trust Professionals. Terms used but not otherwise defined herein have the meanings given to them in the Trust Agreement.
(d) On October 26, 2015, in accordance with the terms of the Trust Agreement, which provides the TPS Funds with the right to appoint one member to the TAB, the TPS Funds appointed Joseph McInnis to the TAB in the capacity as TPS Designee. Mr. Martin was a