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yeah, I'd buy at .65 or .70...but that's not likely. I believe they will make sure to keep this above 1.00/sh in order to stay vested in the nasdaq. after as much manipulation that we've seen in the last 6 months or so, you know it's no problem at this point to keep the share price in whatever range they want. so good luck using that 18g to get more shares than you had. jmo
obviously, the court ruling changes things it was meant as a general statement.
common shareholders own the company. preferred have a face value, which once paid have no more claim, so by default the only stakeholder left to be taken care of is the common...if it's nada, they get nada...if it's boo-coo value they get boo-coo value..there is no one else.
if there are any retail investors at nationstar wouldn't it be better for them to keep their shares now. and buy 12.7793 shares of wmih at 1.27/sh. that's about the same as 1 nsm share is trading. so really for anyone over there it would be a smart move...they could even still capitalize on the exchange offer. by then wmih will be over 4.00/sh and their I share will be worth 51 bucks as opposed to 16.23.
i agree...nsm is already mostly institutional owners and they all already know. we are going to be original majority shareholders in a mega financial conglomerate...lookin' like a better retirement every day. you're right again bob, we're on the upside of this deal and should be for a very long time.
ain't that the truth...except for the crazy part about it going back under a buck again.
probably...I copied and pasted part of the post but really can't remember who I was responding to...and now that the message has been deleted I guess i'll never know.
The NSM board doesn't know it yet so we have to tell them so they can cancel this deal
you're joking, right?
i didn't think you were. most here have figured out that we're on our way finally. I guess different groups have different reasons.
well cudos for calling anyway. i have no idea, but like LG i think it's one of those once in a lifetime events and in this case, opportunity to be a part of. as far as AZC...he hasn't wavered that I've seen. bks has never claimed nothing was coming back to escrows, just not the billions touted by some,and since i have no idea i certainly don't want to miss any of it from here on out at this point in time, since it's an unknown, whatever it is will be like found money. jmo
i saw a number of reductions..i didn't see a bunch of total position closeouts..and 17 new positions, not exactly armageddon. jmo
aren't those residuals she referred to at least part of what AZC was getting you to get her to respond to?
not as of right now...probably be better if you go back a few pages to get a better idea of what nobody knows. it's good for us and both sides that have voting power unanimously approve of the deal and....
yup, and since most of the holders are institutions, they probably aren't gonna find one....they've already been contacted. jmo
planned acquisition of nationstar mortage
all three classes of mine show up as equity in TDA. before they sent me the last check for my piers they were listed as bonds. as a matter of fact I just received a statement from the trust dated 2/9/18 with my end LTI balance at 2/1/18 and post effective accretion between 12/31/17 and 2/1/18.
it's a dinky balance of less than 200 bucks, but in that 1 month period it increased by over a quarter(as in 25 cents).
they voluntarily gave up their rights in light of legal guidance from our ec that strongly advised otherwise and release. they simply opted out of whatever, good or bad. I had circuit city bk stocks and lehman stocks and lost on both counts. those people are in a class of their own and own making. although I don't think either cctyq or lehmq had equity committees.jmo
too funny...there's one huge river b/t 1.1 million and millions dontcha think?
depends on who you ask...my take is yes as they didn't leave them in our brokerage accounts for no reason. everything gets done on this level for a reason, regardless of what others may believe. some people did not release and now they are a bit dismayed at the prospect they erred in their choice.jmo
since nsm is mostly institutional owners, the constituencies were likely easier to deal with. otherwise there would be a rush of retail investors running over to wmih and further hedge their win win with 1.27 shares of their soon to be parent,who's about to pay them 18 bucks apiece for their existing shares. jmo
oh, I absolutely agree.
..and the corporate veil has never been successfully pierced according to Wikipedia: There is no record of a successful piercing of the corporate veil for a publicly traded corporation because of the large number of shareholders and the extensive mandatory filings entailed in qualifying for listing on an exchange.
...and only has to be right once..yup, and that once keeps on lookin' closer and closer. who knows, we could get 8kd' tonight and boom all of a sudden he's right. ...gotta admit, we're a lot closer than you think we are.
thanks for the investment advice
I don't
right, because all the players doing the deal are all fools. yeah, that's how it works. i'm sure by this point in time they'd have consulted with you. ...you know, just to cover all the bases
yup said it years ago...thru the back door.jmo
that's true, but no way, no how, does everyone inside (wmih/wmilt) NOT know what's happening in real time. jmo
do you, or anyone know the cutoff date for NSM ownership in order to participate in 18.00/share offer? that's 9.00 over what it traded at 2 years ago.
..not to mention it's been under a dollar for so long. if the money was available and the feeling was right then(under a buck), why would they buy now? to average up? that's why I'm not buying...I like the green numbers on my screen, and I don't wish to change them to red.
does anyone know the cutoff date for NSM ownership in order to participate in 18.00/share offer?
SPECULATION
it is pretty interesting that the fact that wmih is offering nsm 18 bucks a share would certainly give some, encouragement to invest...it ain't gonna stay at 1.2xx forever. also I don't see nsm shareholder heading to the exits in great numbers and they are mostly institutions. but it's still a ways off from final.
also nsm is currently trading about 7 bucks/sh higher than 2 years ago on this date.jmo
you hope
if approved by shareholders of both companies then NSM will be a wholly owned sub of WMIH
before the 12th hardly anyone was on the nsm message board either
just what are you looking at?
Really...so are these releasing pre seizure holders' holdings you are alluding to somehow segregated in their brokerage accounts from non pre seizure RELEASING holders? I haven't heard anyone here that are in both positions share wise, report the distinction between the two in their brokerage accounts.
Question to the board: How many here that were pre seizure holders AND post seizure holders that released, have differing designations on their escrow markers. I really don't know but I'm betting the answer is NONE, as someone would have picked up on that by this point in time. jmo
maybe if they have paper certificates
theories #1 & #3 still can not be discounted...were all 3.5 billion additional shares consumed in this deal? ...nope
won't wmih have to 8k any deal that they work out with the trust?
we bought them they will be trading under our ticker...and that'd be .75 x 12.7793 so it's only half of that