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well, that gives me plenty of time, I'll only be 99, but since I don't plan on dyin...
I thought that 2% was only from litigation proceeds.
I've been trying figure out why some banks took a charge or lost money in the last qtr due to the new tax law. yeah, that is a lot to hope for. but it would make a lot of sense. some financial operation at some point in the near future is gonna be needed to fill that space, why not us? a pilot program if you will, segregating cannabis dollars in the beginning to see how it'll work. right now, as it stands a of people have nowhere to bank their money as banks are afraid of breaking federal law. wait till that money hits the economy.
heard on the news this morning that jpm is giving out raises, hiring new people, and planning on opening a number of new branches. maybe we're going to see a joint venture, b/t some big banks and wmih to become the First Cannabis Bank of North America, Ltd. that pps will get to 50 bucks in a day, once congress understands that will be their financial savior...if there really is a coalition of common sense operating anywhere in congress.
I'd love to hear your dd, or any ones for that matter but what does age have to do with it?
yeah, you're right they averaged down their positions too. they knew the likely outcome, although they didn't count on including us.
so, if the markers are swapped for wmih shares, doesn't that action alone have the potential of deciding who are and who are no longer majority holders. unless they we're somehow invested through others and also have escrow shares...which really wouldn't surprise me.likely, someone on this board.
is that Shutdown Shumer you're referring to?...the man that plays to the camera, then forgets what it recorded him saying...lotta that going on. I believe killinger stated in senate hearings that wamu wasn't "clubby enough", or words to that effect to have access to the discount window at the fed. so, they cannibalized a wounded wamu in order to save the financial viability of the world. jmo
that's because this board is unique with varying degrees of expected returns. wmih is the only stock that shows up when you do a google search for "investorshub".
i would expect that a good number of pre-bk retail investors averaged down throughout the course of the bk. i don't think it ever stopped trading, did it?
they also haven't been released
yeah, then ya start lookin' like dc.
thanks, I must've missed that one. I take breaks away from the board from time to time since it has become a part of my life for the past 7+ years.
too funny. I have been sticking to the basics since the first day my brother alerted me to it just after the bk.
anyway, thanks again.
well, I tried...but after your unwavering position, backed up by what I see as unparalleled dd, which in turn is backed up by other apparent deep diggers, fine shape and billions with an "s" works for me. thanks for sharing your knowledge on this board, it's been very educational.
you are right sir they are where they are because they got caught. my opinion is that is a also the big reason for why WE are still here.
nope. imo
they were part debt & part equity, that's why they were ahead of the p's in the first place, and were forced to the position they ultimately took(including us). I thought they were also given another bite of the apple after equity is paid, since they were a hybrid security.jmo
What does IMPAIRED mean look it up, did they get their full value?????????? According to their prospectus???
we don't know bob, we'll likely never know because they made a deal so as not to have to defend their actions(colorable claims), in court. jmo and thanks for the copy and paste opp.
that's right,,, "they" managed to take down and re-brand the 6th largest bank in the country at the time in a weekend with barely a whisper, all things considered. correction..a weekend and a day.
I did get another statement, after my position disappeared and I received my last distribution, showing a balance.
piers are paid bob...at least the minimus holders have been, based on the 10.xx cap and my position disappeared...ghond. with over 3x roi.
so AZ I know you don't give any numbers here on the board, but you do have return value numbers in your head, right. if so, how close are "amount only" posters that have been bold enough to throw numbers out there to yours?....huge range I know b/t 0 & billions.
thanks for explaining.
I agree but that view you get to see every day sure should ease it
wahuq was capped
wrong, bob..they ALL stink, you're kiddin' right
same thing here...if you bought wahuq before the settlements you were able to mitigate any loss (most would anyway)you may have incurred in the bk and more than triple the value of your investment. I figure, at a minimum, much the same will happen for all the classes that released. jmo
is the fdic possibly holding a buttload of cash thinking their suits against the estate would allow them to continue to hang on to it, but now that the judge has dismissed those cases they have to give it up...just thinkin' out loud.
it wasn't Tuesday the 9th. it was Thursday the 4th.
imo we won't hear anything either, until after the fact
and the only time the veil would have been pierced for what's on the other side would have been a chapter 7 filing...total liquidation.
because it was on the other side of the corporate veil, and I believe she had already ruled on not piercing the corporate veil. once she ruled no attorneys were going to test that. jmo
I just dug this little bit of trivia off 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.
yup, they just didn't(couldn't)talk about it, in any context of the bankruptcy. ajmo
what did Rosen say...they'll still be there your honor.
so Bob finally got through to ya...about time.
Anyone that missed or has purposely disregarded, ... the D.C dual tracking litigation, ... is obviously ... LOST’, and CONFUSED, ... (and their presence here ?, ... is obvious)
...uninformed maybe, but no less prosperous, right, assuming they released in time and have markers in their accounts. and, now they are looking to your dd(thanks)for guidance.
so you are saying that escrowed p's WILL be paid $1000.00/sh from the estate?
there ya go...now that is confidence
I think it's to exchange for our assets which wmih has equity...thought it from when they reincorporated and authorized all those shares...but no real business plan. jmo
not to mention that the fdic wasn't collecting premiums from the big banks during the fat times
really, you were expecting to be paid DURING the BK proceedings? wow