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Guys & Gals Really? I get it but.....
1. This is not a normal Process of company formulation. You know that.
2. This case has some of the most powerful, shrewdest, professionals government, financial, and business sharks in the world with a plan that was all agreed upon long ago.
3. M.W.& BOD where TOLD and agreed to a plan. And guess what you agreed to and will adhere to these rules of settlement and mediation until they are free to proceed, in which they very well might be in the process of.
4. Until all the litigation was wrapped The BOD and M.W. are BOUND by the agreement, so as I am sure all were told and agreed to, hence you sit like all of us...The Hedge funds, private equity, shareholders all of us will wait until these triggers and events occur.
5. We have not 1 or 10 buts 10's of H.F.s all waiting for "something and I am sure its NOT M.W. and BOD to find a acquisition that fits just so.
I.M.H.O they could have had a suitor along time ago just not the one that's been in the making, the one everyone wants and is waiting for.
6. WMIH Shareholder meetings are and most certainly in this case are a form of appeasement and whitewash for this lot. A company whom acted like this anywhere else would have been decimated a long time ago.
7. I did not even listen to the whole call as you can see its a no NUGGET Meeting.....rehash for show. WHy? because they are riding the FINE LINE OF HAVING TO BE LEGIT for the public, but really there is not much legit about their words. The BOD & M.W. say enough and what they can not a word more and as a favorite book of mine teaches ...when able appear not capable.When ready appear not engage or unprepared. When ready to execute, appear withdrawn.
I firmly believe the stock will trade sideways till we get more of the picture or there is a serious leak which triggers massive volume.
Relax do your best, keep on working your D.D. and share when you can, relax, breath, workout and work at your profession or retirement. Hangout with loved ones, enjoy the Holidays try to keep an even keel. I firmly believe if you are a released marker holder you will see a healthy value tendered for them.
Shareholder Nothing Event.
B
I would give it a good chance! Might happen. but we wont know about it unless we see some huge off the chart volume indication a major leak or news.
Good chance regards,
B
Correct! THAT was the agreed to but the stated price .85. I find it rather ironic.
Regards,
B
"Stated the floor price of .85" look where we are. I mean who gets to name their own floor to the market?
STOP SIGN!
We will get another green light to proceed further down the road soon.
Man it is a B!t$h how they got this stock lock and set SO MUCH that the Co. calls the floor price and here we sit in the car again idling waiting for THE CORP.
We are now waiting for the Corp to show the public the next bit of info and then the company gets another green light to move ahead publicly. and we get another green light to proceed further towards are destination.
Green light regards
I think they will start changing rather quick now.
B
You are very well written and very well communicated.
I see Maturity, wisdom, thoughtfulness, Happiness, Hopeful, and you quite probably have a healthy sense of humor!
Very very well written.
Thank you for sharing I feel honored you took the time to respond.
Well Written regards,
B
WMIH's new definition of “Acquisition”...
Reiko Black uncovered something, (contained below the solid line),that is very telling imho.
The reason I am re-posting this, is the specific words now added.
They are added into NEW DEFINTION or as written NEW Meaning of “Acquisition”
My (B’s) thoughts on this change in “MEANING”
A. This a deliberate action.
B. With SPECFIC Target or targets.
C. , “a holding company of the Corporation or a holding company to be formed by the Corporation, or any of the Corporation’s direct or indirect wholly-owned subsidiaries,”
Imho: This change of key words specifically change,shows "us" (released and outright shareholders) that WMIH now is showing “us”it’s way forward.
It shows all holders, a'collective “us” what “they” (WMIH)truly are seeking, and what probably “they”always had planned. Now that the courts have gotten all litigation wrapped up with respect to the D.C. action> The WMIH Vehicle Has started, and has just shifted into drive. The Company is moving!!!!!!!
As AZ Cowboy said, whatch the WMIH for the tell. To the credit of Reiko Black nice job. Great Find!
NEW Meaning of “Acquisition”
Regards,
B
___________________________________________________________________
Reiko’s original Post Below
I went through the recent 8-K and it's Exhibit attachments. I noticed a change in WMIH's definition of an “Acquisition” from this 8-K Exhibit 3.1 (5.00% SERIES B CONVERTIBLE PREFERRED STOCK) from their previous 8-K Exhibit 3.1 (3.00% SERIES B CONVERTIBLE PREFERRED STOCK; filed 01/05/2015).
WMIH's old definition of “Acquisition”...
"(a) “Acquisition” means any acquisition by the Corporation or any of the Corporation’s direct or indirect wholly-owned subsidiaries, in a single transaction or a series of transactions, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all the equity interests in, or a business line, unit or division of, any Person."
https://www.sec.gov/Archives/edgar/data/933136/000119312515001790/d845621dex31.htm
WMIH's new definition of “Acquisition”...
"(a) “Acquisition” means any acquisition by the Corporation, a holding company of the Corporation or a holding company to be formed by the Corporation, or any of the Corporation’s direct or indirect wholly-owned subsidiaries, in a single transaction or a series of transactions, whether by purchase, merger or otherwise, of all or substantially all of the assets of, or of 80% or more of the equity interests in, or a business line, unit or division of, any Person."
https://www.sec.gov/Archives/edgar/data/933136/000119312517365615/d504414dex31.htm
(New verbiage in red)
So Envitos your name rings a bell from somewhere. I see you are moderator. Where you something else too like a Judge, or on the E.C?
Probably confusing you with someone else.
Regards,
B
Reiko Black.
That's was a good catch. Interesting very interesting.
B
EITHER WAY SHORTS ARE COVERING OR SHOULD. The shorts would be wise to cover and close out the PLAY! Between here and .74 they best wrap it up. You would not dare catch me not closing out my short position (if I had any, LMAO) after that announcement. Stay shot at your own peril.
Short regards,
B
Yes sir,
I do agree. Legally the company was truly stuck in traffic till the ruling came down and now we have a Green Light to Proceed.
Procession regards,
B
As spoken of by AZ the manipulation of the stock price is evident as there is most definitely some short covering when they just stated the floor price of .85
LMAO regards,
B
Besides the afore mention I do not see the need for worry as it is the same deal except with the time and %rate 3-5%. I do see the moving "getting off their square and starting to move a positive. I think soon in subsequent filings are we going to be able to see whats behind the door shortly and its regard to escrow and pass through mechanisms.
Patiently waiting regards,
B
I would agree that the pot is a little sweeter for KKR and its subs however I also see this as not confirmed
Notice the underline and not by me the word provided.
12:00 a.m., New York City time, on January 5, 2018; provided that a Qualified Acquisition (as defined in the Existing Charter) has not occurred prior to such time. See –“KKR Agreement” below.
also;
As of the Effective Time, the “Mandatory Redemption Date” as defined in the Existing Charter shall be changed from January 5, 2018 to the close of business on October 5, 2019 (the “New Mandatory Redemption Date”)
I think its not a big bugger but wmih is moving which is mandatory for us to see recovery thru "The Mechanism WMIH
Going to keep working this.
Moving regards,
b
I see this in a very positive light. I just logged in and I think we just started moving and yes in the right direction, Let me read though all of it and cross reference some things but by then I am sure one of the heavies will have beaten me to it. LoL
Moving regards,
B
I do not see where that will affect the need they still must move forward it is imperative.
Imperative regards,
B
Slow down Pard!
No one is putting a gun to anyone's head. Believe as you will, you are Entitled to do that. However, others can do all the thousands of hours of D.D. over the last nine years and share it with whom ever they would like. Or they can believe what they like, but in the end some will maybe nail the outcome completely, partially, or not at all.
However, I have done hundreds hours of my own d.d. and I tend to align with Az, Ron, CBA and many others in that group. I do so because my own d.d. points towards their Hypotheses and guess what if their wrong and I am wrong the only one I have to blame is myself and no one else period. End of story!
Its a big boy world and I think of them a lot to dare and share, and have the courage to stand up and out..instead of joining a large group that is railing at the wind with all the injustice they see while adding little to nothing. I will stand with those whom do the hard work and are qualified by actions and certifications.
Big boy pants are on Regards,
B
AZ COWBOY You Sir are in a class by yourself!
Simply amazing
Thank you as always regards,
B
Blessing Regards,
Friday Night gonna crank out the work at the bsn and get out and off this board. I'm going to have some fun and precious moments with the home team...... my biggest win to date! A queen, a princess and prince. My kingdom is then complete via my savior.
I reckon a wretch like me who was chosen to be a husband, a father has got to be the most fortunate wretch that ever lived.
Amazing grace exists, and how I have received the bounty of those souls made me wealthy beyond compare! Ill check-in for the am Sat WMIH coffee session!
Take care longs you got money in your accounts its just held in suspension.
Wishing all of you in this fight, The Good, The Bad,The Ugly and yes even the wretched the very best your weekend can offer..!
Working or not....... Life is moving You be moving too!
Blessing Regards,
B
It is my d.d. that points to a PAIR of Broker Dealers.
They are waiting for the final Portion of "THE CONDITIONAL EXHANGE to complete. It is my belief that is where they wait to marry back up with its rightful owners; US and the hedge funds of escrow markers..
The hedgies are most definitely one of biggest pack of SHARKS.
The only reason they are not killing each other is because they are waiting, like us, for their share of whale sized sea lions the likes the financial world rarely sees. They wait as Az says in line like us.
Broker dealer regards,
B
Flow Chart Condition Exchange WMI
Flow chart
Topic Long/Short positions and trade.
Does any one feel we are down to the last quarter of reaming shorts off-loading the trade/train if you liken it?
Regards,
B
statute of limitations for reference
CBA09 You,AZ,&Ron are on it like donkey kong!
From FDIC
(A) IN GENERAL.--Notwithstanding any provision of any contract, the applicable statute of limitations with regard to any action brought by the Corporation as conservator or receiver shall be--
(i) in the case of any contract claim, the longer of--
(I) the 6-year period beginning on the date the claim accrues; or
(II) the period applicable under State law; and
(ii) in the case of any tort claim (other than a claim which is subject to section 21A(b)(14) of the Federal Home Loan Bank Act), the longer of--
(I) the 3-year period beginning on the date the claim accrues; or
(II) the period applicable under State law.
(B) DETERMINATION OF THE DATE ON WHICH A CLAIM ACCRUES.--For purposes of subparagraph (A), the date on which the statute of limitations begins to run on any claim described in such subparagraph shall be the later of--
(i) the date of the appointment of the Corporation as conservator or receiver; or
(ii) the date on which the cause of action accrues
https://www.fdic.gov/regulations/laws/rules/1000-1220.html
Nice read AZ!Great job and thank you.
AzCowboy.....Big Hat, LOTS AND LOTS of cattle.
Nice Job regards,
B
10-4 Capt
Capt regards
B
Yeah you knew that it was gonna extended past March 18th and you also new there was on going litigation confirmed by him and the FDIC and what else did you know?...please.
Please Regards,
B
From Brain R. Today!
Brian R's email reply
AZ,
Well now it looks like your statement is collaborated ! Nice Job AZ
Az Regards,
B
NEWS Mr. B.R FROM THE WELL ITSELF
Please respect the fact That I worked hard for this and someone was kind enough to take his time to reply so please as I have his permission to share respect the Man's kindness and do not contact him otherwise he may shut me down in the future. Regardless of how you may feel about him he did do this and that needs to be respected.
From: Barry [mailto:barry@]
Sent: Thursday, December 07, 2017 10:05 AM
To: Rosen, Brian S.
Subject: WMB/WMI
Dear Brian,
Congratulations on making the Super lawyer list. After following you and the WMB/WMI and the wamu case over the last 9 years I can see why you get paid the big dollars!... I am just a little guy whom has been doing my best to follow the complex case. I have a few questions if you can find it in your busy schedule to answer.
Proskauer Rose, and Rosen has you now listed as WMI’s attorney. Recently you there was a request for a three year extension by wmih. I thought POR 7 was the agreed upon plan and that it was in processs of being completed. Now it looks like we have a few parties that are not paying up?
Washington Mutual, Inc., has already completed all of its portion of the Settlement Agreements' ... with Filing # 9901 releasing WMB's "Equity Interest" on 03/16/2012', as was agreed' just ahead of the Plan 7 Implementation Date, which occurred three days later, on 03/19/2012' ... along with the Plan 7 agreed upon disbursement of WMI's Cash Settling Tranche payout' at the Reorganization' .
Specifically
Does not a “the six year rule apply” here ?
Thank you kindly for your time and consideration.
Best regards,
Barry
REPLY
From: Rosen, Brian S. [mailto:brosen@.com]
Sent: Thursday, December 07, 2017 9:38 AM
To: Barry <barry@.co>
Subject: RE: WMB/WMI
Thank you for your email.
Brian S. Rosen
Partner
Proskauer
Eleven Times Square
New York, NY 10036-8299
d 212.969.3380
m 914.393.3040
f 212.969.2900
MY Reply
Dear Mr. Rosen,
You are truly phenomenal for answering a little guys email.
Who says powerful professionals are not kind and benevolent!
I have a simply request good sir.
May I share this with some fellow old WMI shareholders as there is a lot of confusion as to what is going on.
Of course if you direct me that it is ok I would,at your request remove all references to you or your firm. I ask this as only to sooth the confusion and angst that is raging amongst some old escrow holders. Sometimes we feel like mushrooms in a closet begging for sunlight that is almost never existent.
Hat tip of the month to you sir!
Best regards,
Barry
REPLY by BRIAN
Its coming down the pipe baby ! Its happening sweethearts! Get ready News forthcoming
News regards,
B
BBAN
I think you know me better than that. We are on the same team here, and I am simply stating "the All seeing EYE of MORDOR is everywhere and in everything!
Anyone who thinks they are not are delluisional. Its just to what degree you become a pimple on their ass.
If you get to be painful or tiresome they just wrap your butt up in some nonsense and effectively take you out the game, destroy your life, and make you look like a criminal or worse.
I have actually seen it happen ...for real...and the message was delivered loud and clear to someone whom was just poking around where "THE EYE" did not like.
No BBAN I am with you in this fight!
BBan regards,
B
wait to see what happens next
As you all know been here since 10/21/08 over yahoo then to Ghost and now here.
Take what you want from it. I will still ask, and I will keep on going; as I am with in my legal right to ask.
So if some entity or person does not like my inquires they can do as they wish; however until the men in black show up I could give two ----- if they feel prodded by a little fish..
Fish regards,
B
So she can't answer this one.. did 90% of my others. Interesting what was left out?
Can't regards,
B
#7 FDIC Janice Hello Barry.
Hello Barry
I’m sorry but you must direct your inquiries through the Freedom of Information Act. Neither Ms. Foster or I are able to answer your question.
Thank you for understanding. I’m sorry we could not assist you further.
Janice
________________________________________
On: 07 December 2017 08:45, "Barry" <barr&co> wrote:
Good morning, Cold as all get out here. Now I know why you both are in the Texas.
I have looked into the F.O.I. A request and from speaking to a few familiar with the “process” There is a better chance of a snowball residing in hell then a F.O.I.A.’s chance succeeding getting any info.
I have been following the WMB / and the six year rule. Is it correct to say that the dates from the Judge Walgraths 12/12/2011 The "Six Year Rule" time limiting allowance began on 12/12/2011 Is it correct that The FDIC must make "the Final Payment" to WMI/WMILT on or before December 15th-ish for "WMB and it's assets" due to the Five Year CG/CL Tax Rule.
Please assist or direct me to that department if at all possible. Any info helps tremendously as this is only a request that clearly is inside of reasonable. I not saying that you have to state anything just that these rules apply or may apply.
Warm Regards,
Barry
Az,
Thanks for the expanded opinion. I am gonna shake some trees this morning, and see if I cant knock a squirrel out of them and have a chat with the fella.
Squirrel regards,
B
AZ,
I disagree that anyone can just walk away otherwise the court has no teeth! If such were the case it would be a free for all.
Regards,
B
Civil,
As per the Fdic there is not 10 year rule in receivership.
Civil Regard,
B
C. Absolutely SuckS!
So if there are no ramifications for C. what keeps them from pulling it!
Regards,
B
Thanks so much for helping all of us! I want this to happen badly however I am set to receive disappointing news on time frames...... but, I think Az Ron and CBA are all over this... Cautiously optimistic. However, I have no doubt about if we will get paid that is most definite. Will fight to the end though either way.
Regards,
B
AZCOWBOY,RON,LUckyP,LG,Iprelude,CBA, Docgunz, HotMeat,Mordicai,BBAN,LODAS and manymore 1st tier of the united sharing with the selflessness to help others.
May the Good Lord or whom ever you take a knee before and pray reward you...may your kindness and good you have done for others be revisited upon your spirits as you came in the name of selfless helpfulness!!
Johnyiwantsome will bring in tier two and all those who support the best they can and the good that so many have done here.
Bless you and yours today now and forever. To save a life is to save generations and I am sure you all have given many the strength and hope thru some dark days !
Good on the lot of you regards!!!!!!!!
B speed!