Posted by: Desperado90 Date: Friday, October 16, 2009 3:28:02 PM
In reply to: None Post # of 108835
Total Liabilities = $8,294,164,921
Senior Debt = $4,108,911,139
Subordinated Debt = $1,613,991,512
Junior debt = $742,476,453
Total Debt = $6,465,379,104 off WMI balance sheet.
Total common Equity = 6,940,028,595 - 1,828,785,817
= 5,111,242,778
Thats about $5B for commons but remember this is not taking into consideration the re-evaluation or return of the assets that were sold to JPM, the Goldman Sachs bid for the wind energy business, the $2.6-3B tax refund and millions of share of series A visa shares.
Preferred = $3,392,341,954
WAMPQ @ 7.7% = $231M what's actually due in dividends.
WAMK@ @ 6.5% = $32M What's actually due in dividends.
If JPM takes responsibilities for bonds and preferred shares by restarting dividends and interests, they would actually make out like bandits in the short run. in the long run they would need to meet the full liabilities when conversion time comes. This can be resolved by getting the trustee to renew the preferred contract again to 2040 or later.
For commons, this is easy peezy. The commons have the greatest ROI if this actually happens for now, we can only speculate.
GLTY. |
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