is I like stocks
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It like the info commercial for meds , it can be good for you But there might be 1001 side effects that may not be good , it's called covering their butts lol
PEACE-Ts
Oops there's one of them 200,000 was looking for 2 mil day
Need one more big bite or two not so small bites lol
PEACE-Ts
What did Capmark pay for Bluestem and what is the final amount WMIH will receive after all is said and done on the 600,@1,000 per Just saying Hmmm? hehehe
Then for Capmark Mr. Gene Davis remains the Company’s Executive
Chairman of the Board, and the Board has been expanded to permit twelve directors Hmmm? think odds at this
PEACE-Ts
THANXS GO4AWILDRIDE, looks like 2.35-2.44 might be it for today, Was hopeing for 2 mil vol. today , oh well maybe we get a run later for that vol,
SEEYA AT THE BELL
PEACE-Ts
To get the alarms going off ,it need to be in the mils of trading on this was a soft PR IMHO.sooooooooo here we sit , but hey any up is better then Not hanging around to watch this, seey at the end of day
PEACE-Ts
With this kind of volume as of this post there are no bells/ whistles/alarms going off anywhere along with the 2.40's fight/stand off Hmmmm?
PEACE-Ts
I was looking for it to be put in the news sector on this site/thread , but thanxs anyway
PEACE-Ts
Looking at the trades it seems that is a little war going on, last nite I was reading the boards once again as I do when tired of the TV. and then proceeded to reread the PR and notice when I googled it to see how many sites picked it up it seemed to me that it was what I would call a soft PR Heck even yahoo has it buried in the news index instead of below the quote as in the KKR PR last year and this one is even bigger info IMHO.
HAVE A GREAT DAY PEOPLE-Ts
Would someone please put this past Fridays news up TIA.
If it's already been put up and I missed it ,sorry
http://www.prnewswire.com/news-releases/wmi-holdings-announces-pricing-of-private-offering-of-600000-shares-of-300-series-b-convertible-preferred-stock-300012701.html
HAVE A GREAT DAY-Ts
Simple, Lets go back to the first KKR announcement and where was the pps and where did it run to, now lets do it once again KKR, CITI,+ 600+MIL + N 6/7 BIL NOL takes pps/us to where in a few weeks ? Now if I was a betting person, OH! wait I am, I did with this paper thanxs to a friend I THINK ! lol.
HAVE A GREAT EVENING PEOPLE-Ts
JWW Bingo, bingo
I was going to reply to that poster but watching the games and did not want to get into anything
BACK TO THE GAMES -Ts
It's early so I thought I would skim through the SEC Doc once again
and make a few notes
http://www.sec.gov/Archives/edgar/data/933136/000119312514448569/d839695d8k.htm
P-7 Bottom
The Series B Preferred Stock ranks junior to all of our indebtedness and other liabilities.
In the event of our bankruptcy, liquidation, reorganization or other winding-up, our assets will be available to pay obligations on the Series B Preferred Stock only after all of our indebtedness and other liabilities have been paid. The rights of holders of the Series B Preferred Stock to participate in the distribution of our assets will rank pari passu with our Series A Preferred Stock and any parity stock we issue in the future. In addition, we are a holding company and the Series B Preferred Stock will effectively rank junior to all existing and future indebtedness and other liabilities of our subsidiaries and any capital stock of our subsidiaries not held by us. The rights of holders of the Series B Preferred Stock to participate in the distribution of assets of our subsidiaries will rank junior to the prior claims of that subsidiary’s creditors and any other equity holders. Consequently, if we are forced to liquidate our assets to pay our creditors, we may not have sufficient assets remaining to pay amounts due on any or all of the Series B Preferred Stock then outstanding. We and our subsidiaries may incur substantial amounts of additional debt and other obligations that will rank senior to the Series B Preferred Stock.
P.8 Top
Upon consummation of the Reincorporation, Delaware law would provide that dividends on the Series B Preferred Stock may only be paid from “surplus” or, if there is no “surplus,” from the corporation’s net profits for the then-current or the preceding fiscal year. Unless we operate profitably, our ability to pay dividends on the Series B Preferred Stock would require the availability of adequate “surplus,” which is defined as the excess, if any, of our net assets (total assets less total liabilities) over our capital. Since March 19, 2012 (the “Effective Date”), we have often not achieved profitability, and when profitable, did not achieve significant profitability. We do not expect to achieve significant profits in the future unless we consummate an acquisition.
We may also enter into debt or other agreements in the future that may restrict us from paying dividends on the Series B Preferred Stock.
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On another note, Just think we are almost 3/4 Bil (shell but don't file as one because of WMMRC)at our disposal with a 6-7Bil write off YIKES!!!!!!!!!!!!!!!
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Have a great football Sunday people -Ts
FYI.
Just in case someone didn't know
Citigroup Global Markets Inc. Company Profile
Citigroup Global Markets Inc. (CGMI) is the US-based brokerage and securities arm of banking behemoth Citigroup. The company provides investment banking services to corporate, institutional, government, and retail clients. As a broker-dealer, CGMI offers clients access to the global markets in more than 100 countries. Services include underwriting, structuring, sales and trading across such asset classes as equities, corporate, government and agency bonds, and mortgage-backed securities. Through Citi Futures, it offers execution and clearing services.
Along with KKR
BigBang I am no one to take advice from or to teach/explain, as I am just a simple
People:
There are people who need to be right, I don't!!!!! what I need is to have my monies flower/grow....THERE WAS ALWAYS GONNA BE DILUTION AND I HAVE SAID IT MANY TIMES, look at any start up from the beginning of the authorized and what it is now
Who invests in a do nothing CO. I will keep my WHERE IS OUR M/A UNTIL it happens, but now I feel much better about my play in WMIH. and as for the ESCROW THING it will be what it will be, gravy on the potatoes or not, but! as least I/we have the potatos(WMIH)
PEACE-Ts
Evintos
U got N get it -Ts
BBANBOB
I knew you would follow up on my crumb/morsel my friend As the saying/statement goes the market knows before time Hmmm? aka up 3.+%
HAVE A GREAT HOLIDAY YOU N YOURS-FROM ME AND MINE-Ts
U should know that there are more ways then a cat with nine lives with these types of people
PEACE-Ts
Yes I do remember the posts ect, ect still grandfathered fact stands as long as no changes, right! otherwise it voids its self,correct
NBT.anyhow just pasting the time away while waiting on the boss
PEACE-Ts
BBANBOB
Yes indeed we have, still do we know the real reason for such , if so I might have missed it and please enlighten me , if not then it is still a ? ,of which it could be WMMRC why
PEACE-Ts
I read all boards in my plays and I notice that there was some questions asked as to why the new 8K and I also believe that it was to stay current on any materiel event that they deemed needs to be filed, but then I say why is WMIH still under the SEC SIC CODE 6035 which is for,Savings Institution that are Federally Chartered, if we are to believe that WMIH IS JUST MAKING SURE EVERYTHING IS EVERYTHING then why have they not filed under a new SEC SIC CODE like 6770 Hmmm? Might it be because of WMMRC,regardless if in runoff mode? Thats the question I am still searching for and learning towards and when I have the time in these busy dys with the Holidays and things, If anyone knows the reason please enlighten me TIA
HAVE A GREAT DAY PEOPLE-Ts
17-Dec-2014 Form 8-K for WMI HOLDINGS CORP.
http://biz.yahoo.com/e/141217/wmih8-k.html
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Item 1.01. Entry into a Material Definitive Agreement
Transition Services Agreement
On December 11, 2014, WMI Holdings Corp. (the "Company") and WMI Liquidating Trust (the "Trust") entered into Amendment No. 2 to Transition Services Agreement (the "Amendment") that amended and supplemented certain provisions of the Transition Services Agreement originally entered into on March 23, 2012 (as amended by the Amendment No. 1 to Transition Services Agreement, dated September 24, 2012, the "TSA"). The Amendment was primarily a result of the new Office Lease, dated December 14, 2014 (the "New Lease"), entered into by and between the Trust and 1201 TAB Owner, LLC, as landlord. Pursuant to the Amendment:
? the Company will be liable for 50% of the rent under the New Lease, until the earlier to occur of (x) the Company notifying the Trust on or after April 30, 2015 that it no longer requires office space from the Trust, and
(y) the New Lease being terminated in accordance with its terms;
? the Company will pay new rates and other charges for services of the Trust and its employees under the TSA; and
? the Company will no longer be required to provide any services to the Trust under the TSA.
A copy of the Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
10.1 Amendment No. 2 to Transition Services Agreement
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PEACE-Ts
It would seem that we are MR Davis's poor man's stock in his portfolio, I guess you could say that vol helps those numbers look a little better I guess
http://www.nasdaq.com/quotes/insiders/davis-eugene-i-34539
There's not much else to talk about(argue)as WMIH seems to be The silence of the lambs Company until those two new dates come and go
HAVE A GREAT DAY PEOPLE-Ts
rockie
Make that crying in my Rum and Coke
IMHO just another date gone by with nothing from the so called Company,sorry people
PEACE-Ts
True Dat
Well we COULD/can talk about the years we have paid the WMIH BOD for all those committees and chairs of said committees
PEACE-Ts
bk... Dilution was always going to be a factor with a shell corp. even though they file with the SEC that it is not due to the fact that WMIH has a Ins. sect in run off mode ( still a Biz regardless), as for the escrow trilogy that will take care of it's self which ever way it goes and yes I am very concerned with the length of time it has taken with no M/A even a mom N pop company with a small profit to sustain the over head until the super nova M/A would have brought in it's self new blood/shareholders along with maybe a step up in the market we now trade in and kept the cost down for the BODS shets n gigs shares and expenses joke for the last x amount of years for nada
This is not my first rodeo/play in the OTC game of numbers but this is my first and last BK play as it just ties up monies to, too long IMHO.
PEACE-Ts
bk
And yet you say this "For those who hold WMIH, that is the future of any substantive interest that exists in facts and realities."
Hmmmm?
Ts
Boris
in ref to "we all need a little patience" surely you jest after allllll these years and nothing much from the http://goodwitchbadwitch.files.wordpress.com/2009/07/monkies-hear-see-speak-no-evil.jpg Oh and as of yet, just why are we paying these people (Chair n BODs?)
after the next two dates that people have come up with there will be other dates
HAVE A GREAT DAY-Ts
SweetGeorgiaBrown
I am in the green with this paper as I have posted before( I was a lot more greener) but the first time I see a form filed by any BOD member to sell before any M/A is a done deal is when I take my green to greener pastures in a NY second
PEACE-Ts
People all this redundancy about escrow and for how long this has this been going on, well maybe JUST MAYBE IT'S because that's all we got to speak of after allll these years I just can't wait for another 8K filed for another form 4 to be filed by the BOD)
I got censored from the other board for redundancy about THE PRICE WE PAY/PAID FOR WMIH BOD'S NOTHINGNESS over the past years and why when " Blackstone Advisory Partners L.P. is acting as financial advisor to the Company in connection with the transactions contemplated by the Commitment Letter" did most of the work, STILL Dates come and go until people find new dates for a M/A and YET we got what, STILL keep paying the BOD AND AS OF THIS POST FOR WHAT????? and yeah, yeah it was the plan all along for 2015 then just why did we pay ALLLLL THOSE WMIH COMMITTEES AND CHAIRS OF SAID COMMITTEES ALL THOSE SHARES N $$$$ for the earlier years, Oh wait, Template filings and a template site (Oh Yeah that's the ticket)
HAVE A GREAT DAY PEOPLE-Ts
"we believe a partner with these capabilities will augment our ability to execute on our stated acquisition strategy".
Huh! Really, did I miss that!!! where N when was that! "stated acquisition strategy" (mentioned) ,it's been so long
which way did it go George, which way did it go
Hmmmmmmmmm?
Ts
A Blast from the past, December 9, 2013 8:45 AM
WMI Holdings Corp. Announces Commitment by KKR for Strategic Investment
Parties Enter into Conditional Commitment Letter for KKR to Acquire Subordinated Debt, Convertible Preferred Stock and Warrants
PR Newswire WMI Holdings Corp.
SEATTLE, Dec. 9, 2013 /PRNewswire/ -- WMI Holdings Corp. (WMIH) ("WMI" or the "Company") today announced that KKR & Co. L.P. has entered into a conditional commitment letter to make a strategic investment in the Company (the "Commitment Letter"), dated December 8, 2013.
Subject to the completion of definitive documentation, due diligence and the terms and conditions of the Commitment Letter, KKR has agreed (i) to purchase approximately $10.55 million face amount of convertible preferred stock of the Company at a price per share of $1.10 convertible on a one-for-one basis into shares of common stock of the Company (the "Convertible Preferred Stock"), and (ii) commit to purchase up to $150 million aggregate principal amount of subordinated 7.5% PIK notes, which may be issued in one or more tranches over a three year period, each with a seven year term from the date of initial issuance (the "Subordinated Notes"), subject to certain terms and conditions. Substantially all of the proceeds from the Subordinated Notes, if and when issued, would be used by the Company to fund future acquisitions. Upon consummation of the transactions contemplated by the Commitment Letter, KKR would receive five-year warrants to purchase approximately 61.4 million shares of the Company's common stock, 30.7 million of which would have an exercise price of $1.32 per share and 30.7 million of which would have an exercise price of $1.43 per share. KKR would also have the right for three years to participate up to 50% in equity offerings up to an aggregate of $1 Billion by the Company subject to certain limitations, including a cap in ownership by KKR (and its affiliates) of 42.5% of the Company's common equity. The Convertible Preferred Stock, if and when issued, will include the right for KKR to appoint one of seven members to the board of directors of the Company. The Commitment Letter terminates on January 31, 2014 in the event that the parties do not enter into definitive documentation on or before such date. The Company has agreed to reimburse KKR for certain expenses incurred by it in connection with the Commitment Letter and has also agreed in certain circumstances to pay KKR a termination fee equal to $2 million.
Michael Willingham, Chairman of the Company said, "We believe this investment from KKR will provide WMI Holdings with a compelling opportunity to create meaningful shareholder value. KKR has a global network of relationships, deep expertise in transaction execution, portfolio management, capital-raising, and operational improvement, and we believe a partner with these capabilities will augment our ability to execute on our stated acquisition strategy."
Tagar Olson, Member and Head of KKR's Financial Services team stated, "As a firm that invests across a wide range of asset classes, we think KKR is well-positioned to serve as a long-term aligned capital partner to the Company. We are looking forward to being a strategic investor in WMI as the Company grows and diversifies its platform in the coming years. We believe there is a compelling opportunity to help build shareholder value as a significant investor alongside WMI's existing shareholders."
Blackstone Advisory Partners L.P. is acting as financial advisor to the Company in connection with the transactions contemplated by the Commitment Letter. Akin Gump Strauss Hauer & Feld LLP and Lane Powell PC are counsel to the Company. Simpson Thacher & Bartlett LLP is counsel to KKR.
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Should we lite candles tomorrow or just wear black
Ts
bk
As far as Killinger goes A BIRD IN THE HAND ISSSS better then THE BIRD IN THE BUSH unless their is inside info available to him, like a crystal ball somewhere lololol money is monies and we do know where it's going right!
IMHO-Ts
It seems that the Vol. is a little low today
Ts
So I read where someone said that this move/gamble to beat the info out to the street (I don't know about that one )
09:12:47 2.00 249299 OTO One could say thats a few thou short of a half a mil gamble
Ts
Time and Sales for WMI HOLDINGS CORP (WMIH) Dec 01, 2014
Symbol:
Time Price Volume Market
09:34:04 1.90 19 OTO
09:30:22 1.90 83 OTO
09:30:04 1.93 239 OTO
09:12:47 2.00 249299 OTO
--------------------------------------------
15:58:44 2.20 4000 OTO
15:58:38 2.20 1000 OTO
15:57:48 2.195 2000 OTO
15:57:24 2.19 3326 OTO
15:54:31 2.19 1000 OTO
15:54:10 2.20 2217 OTO
15:54:04 2.20 100 OTO
15:53:42 2.20 100 OTO
15:53:31 2.20 50 OTO
15:48:14 2.20 100 OTO
15:44:55 2.21 450 OTO
15:44:29 2.20 4 OTO
15:44:17 2.20 1000 OTO
15:43:18 2.19 1000 OTO
15:36:41 2.19 290 OTO
15:36:33 2.19 2400 OTO
15:34:15 2.19 100 OTO
15:04:27 2.20 8000 OTO
15:03:59 2.22 3000 OTO
15:03:30 2.22 1000 OTO
15:02:45 2.22 1000 OTO
15:01:48 2.22 3150 OTO
14:58:52 2.20 30 OTO
14:57:40 2.22 398 OTO
14:56:39 2.22 500 OTO
14:56:02 2.22 1000 OTO
14:52:28 2.22 281 OTO
14:50:32 2.19 17 OTO
14:46:59 2.22 2000 OTO
14:46:26 2.18 1000 OTO
-------------------------
Ts
Catz
I got/get your org post on the matter, KKR will do what IS best for THEM! If you wanna add the hitch along sure, yeah ok! but the, what's good for the goose is good for the gander, NOT SURE ABOUT THAT ONE WITH THESE TYPES
Ts
Catz
My concerns as an investor is
a) profits
b) loses
c) time
Tax will always be so I don't sweat it and gladto pay them whenever if I'm making monies of course
As for the a, b, c
Profits, I have here
loses, I have loses in profits here
Time, Way,way to much time here already as I have said before I did not invest in a fund
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Ts
A HAPPY THANKSGIVING TO ALLLLLLL,GOBBLE, GOBBLE
Keyless, hehehehehe
On another note the escrow thangggg goes either east/west or if you prefer north or south , it is what ever it will be , My ears , eyes, nose would like to hear that this so called BOD is still a live and writing grants for other then just because they can awards them to themselves for doing nothing as of this post! The SEC filings as of recent are just continued template filings and nothing else in them, there has been this date and that date and yet x amount of years gone by and now we have another two dates , Jan.2015 and Mar. 2015 that some believe to be true , well I hope someone is right and soon. I can wait a few more months and then even I will take my winning chips off the table as I should have sooner , but they were and are still in the green soooooooo and This by no means is no long term fund regardless of what some here might think
Ts