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Most likely because NASDAQ was requesting audited financials that the company was not able to provide or that the audited financials would have shown that the value of the company was not enough to even qualify for initial listing onto NASDAQ.
I'm thinking red then green EOD. Amazon earnings after market close.
283.30 HOD.
I wonder if we'll see 283 today.
What time is the Trump signing today?
The day they beat earnings with Hackett at the helm is the day I go out and buy a F150 or a Mustang Mach-E (assuming we still ain't under lockdown).
Ford is releasing earnings next week so probably right.
280 close.
Kim Jong Un brain dead or possibly dead dead after complications from heart surgery. Millions of US unemployed = markets rally. Kim Jong Un dies and markets going red.
How it was explained to me - they pay you to take the oil because they literally have no place to store it. Landlocked oil essentially goes negative pricing hoping someone with storage will take it.
Wells are extremely costly to shut down and restart afterwards so oil continues to pump. Without the ability to store crude oil, overflow can create huge environmental hazards which also costs a lot of money. It ends up being cheaper to pay someone to take the barrels of oil.
I'm interested. I'm not a permabear either, nor do I think sub-2000 is likely. I'm at 2100-2300. However, I appreciate the various perspectives and I'm trying to get a general idea of things rather than looking for confirmation bias.
Anyone know what time is the earnings release?
Are you not expecting at least a mild pullback next week?
Sold 280 this morning and went short. Target 274.15 - 274.98
Staying long, lookin for 280-283.
Struggling to stay above yesterday's open.
Going short if it can't stay over 274.21 in the last 10 minutes. I'm a total amateur, don't do what I do.
I'm thinking up too but I'm wondering what they're waiting for? Seems like everything slowed down for the past 40 minutes or so.
Gotcha
Maybe he meant dueling sword pattern?
I see where you're coming from. Have you considered that he is using the 13M profit for trading but just not posting about those trades publicly.
(Compared to his arbitrary $4k initial and posting those trades publicly.)
Edited: btw, not saying I believe him or disbelieve.
8.63 is the 200ma on 5 minute chart.
There is an option for the category of "Real Estate."
I submitted a request for "Banking and Financing"
Unfortunately no option for like Specialty Finance.
There's actually no option for that. The next closest category available on the list is "Bank and Finance" or "Brokerages/Investment Banks"
Quoted below. Once again, his assertion is completely wrong. Plenty to do with WMIH/NSM/(Soon to be COOP).
Sure it does. Part of the O/S. 1.5 million share count at a base value determined with the formation of the DEE to pay off claimants whether in full or for a lesser settled amount through litigation.
Post reverse split value TBD of course would result either in insufficient funds to pay off claimants or excess funds.
Distributed amount either unloaded or retained will affect the float and share price. Imagine 1.5 million shares unloaded and the pps that it would result in.
Disputed Equity Escrow - DEE
DCR - Disputed Claims Reserve
The DEE acronym isn't used on this board but I'm too lazy to keep typing "Disputed equity escrow".
There's only 1.5 million shares remaining left in DEE
Post-Confirmation Quarterly Summary Report for Washington Mutual, Inc., et al. for the Period April 1, 2018 Through June 30, 2018 (Filed by WMI Liquidating Trust)
Employee claims are related to contractual long term employment incentive termination that occurs post-CIC of which the federal regulations only applies to banks and bank holding companies, of which the Employees assert did not apply as when the FDIC seized bank assets from the holding corporation, WMI(H), it ceased to be a bank or bank holding corporation. Thus it was a regular company prior to the filing of Chapter 11 and thus contractual terms apply. WMILT tried to settle this before, twice before. FDIC rejected both applications, citing federal regulations regarding golden parachutes and covered companies, which the FDIC asserts even though bank assets were seized, WMI was still a covered corporation (they were still a bank holding corporation).
CIC hearing in Feb 2019. The convoluted mess summed up (extremely summed/simplified, maybe too simplified...) is basically was WMI still a bank holding corp after the seizure of assets by the FDIC? If so, then the federal regulations apply.
Was WMI immediately considered a non-bank holding corp immediately post seizure? If so then contractual terms apply.
Currently the disputed claims reserve and disputed equity escrow is being held to pay claimants. There is $25.7 million left for the lawyers and trust operation.
I'm not concerned about the timing of any LT actions. For me, the moment the revised schedule was released that indicated scheduled hearings would enter into 2019 was the moment that keeping daily track of WMILT was pointless. Only concern I have with LT at the moment is the Disputed Equity Escrow and how the value of the remaining shares being held would be affected by the R/S and it's usage to pay remaining claimants or distributed among equity holders.
Right now I'm more concerned (low level concern) about WMIH/NSM/COOP and the valuation now vs post R/S. Valuation now by current pps is discounted at 16% discounted range. I was hoping for a valuation commensurate with the sector average post merger and pre-R/S.
Reference old post #514632 dated Friday, 03/23/18 10:48:51 PM
LT wants to settle, FDIC doesn't want to settle (golden parachute), this forces LT to proceed with litigation and the scheduling of depositions which now needs to be done and put in the court calendar.
Claimant attorneys and LT basically only agree to depositions that are scheduled months away.
Delays in depositions, etc. Which then requires rescheduling of court hearings and trial.
On and on it goes.
I suppose short answer is FDIC for not wanting to settle but settlement reduces the remaining value left in the LT (unless you're a billions believer).
It sure will. None of which will actually alter the book value of the company.
Implied value of $2 pps, post R/S = 2 x 12 = $24 pps
(rounded numbers)
Take current pps x 12 = post R/S pps (as a starting point).
I'll have to disagree. 1.5 million shares is a fairly significant number that greatly affects the share float/pps.
post 530782 by JB3136 identifies a potential issue with the disputed equity escrow.
(I noticed you've used up all your remaining posts. Have a great day, enjoy your weekend.)
At the moment, there is approximately 1.5 million shares of reorganized WMI common stock remaining left in the Disputed Equity Escrow.
GE beats diminished profit expectations, trims cash flow target
Analysts had been looking for higher cash flow to convince them that GE can hit its adjusted free cash flow target of $6 billion to $7 billion for the year. Adjusted free cash flow from industrial activities swung to a positive $258 million in the quarter from a negative $1.7 billion in the first quarter.
GE beats diminished profit expectations, trims cash flow target
Starting to look like it was a head fake. Price is so sketchy.