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FDIC RESPONSE TO SENATOR MIKE HEWITT OCTOBER 16 2008
JPM PAID A PREMIUM OF 1.88B
PURCHASED ASSETS WITH BOOK VALUE 298.7 BILLION
ADDITIONALLY, ACQUIRED LIABILITIES TOTALING 258.5 BILLION
"THE ACTUAL MARKET VALUE OF THOSE ASSETS YET TO BE DETERMINED"
WHY?
HOWEVER,ACCORDING TO MEDIA REPORTS ISSUED BY JPM,THEY IMMEDIATELY WROTE DOWN THE BOOK VALUE OF THE ASSETS BY $30 BILLION.
FA out-of-state holdings is a sub of WMB or WMI?
307B in assets minus liabilities around $257B, $40B assets with receiver.
Originally planned by JPM and FDIC in its own presentations to BOD as per Hocberg files,TCE $16B,and total equity of $40B.
Wrote of assets worth $31B after P&A, still need to be pay up as per P&A though written off after P&A.
Ron, appreciate your help.
10 Million Approx.
CAPITALIZATION STRUCTURE
Issued & Outstanding – 45,913,250
Restricted Shares – 31,415,291 (68.42%)
Free Trading Shares:
? Trading Float – 10,826,385 (23.58%)
? Certificates – 3,671,574 (7.99%)
Probably one of the earliest investors into this company.
Apache Capital LLC
I guess he is on BOD of GAHC
Initially 30% and later....
Blockchain Technology
"Our Game Changer"
GAHC incorporated GAHI Acquisition Corp. to be the merger subsidiary for the acquisition of Blockchain Technologies Corporation (“BTC”). Currently, GAHC and BTC have entered into an acquisition arrangement where BTC will merge with GAHI Acquisition Corp. GAHC has commenced a tenable accumulation of up to 30% of BTC in this initial transaction and are working quickly to acquire more. BTC is a technology company which leverages the underlying crypto technology of Bitcoin [Blockchain], acting as a seed accelerator. BTC currently features a number of innovative startups utilizing the Blockchain and operating within the crypto technology field.
http://globalarenaholding.com/subsidiaries/gahi_acquisition_corp/
ORIGINAL WARNING LETTER FROM FDA
too many violations as per fda
https://www.fda.gov/ICECI/EnforcementActions/WarningLetters/2017/ucm573187.htm
No trust in this team anymore.
Why did they separately had a deal with a PE firm to open Stem Cell COE centers when they both are working for USRM?
Did you ever see an 8-k or even mention of upto $5mm investment in USRM?
Read CEO blogs, he repeats the same in the first paragraph to second to third, just to make it a bigger better impression.
It was $50 stock and now trading below 2 cents, why?
There is lack of transparency.I got out when it was trading at 0.029,lost some money.Dont trust them anymore.
I lost belief in this company,especially the CEO and CSO.They have been talking the same but not producing anything better for shareholders.In every video she says the same blah blah blah.Nothing significant.They with drew the COPD clinical trial, but still boasts about it in the public forums.In two weeks we will know the fate.
So RMAT was filed, FDA requested some info,they did not produce the requested material,FDA found significant deviation???
NOT LOOKING GOOD AT ALL
The U.S. Food and Drug Administration today posted a warning letter issued to US Stem Cell Clinic of Sunrise, Florida, and its Chief Scientific Officer Kristin Comella for marketing stem cell products without FDA approval and for significant deviations from current good manufacturing practice requirements, including some that could impact the sterility of their products, putting patients at risk.
US Stem Cell Clinic also tried to impede the FDA’s investigation during the most recent inspection by refusing to allow entry except by appointment and by denying FDA investigators access to employees. Refusing to permit entry or FDA inspection is a violation of federal law.
The FDA has requested a response from US Stem Cell Clinic, including a statement of how the deviations noted in the warning letter will be corrected, within 15 working days. Companies that do not correct deviations risk additional enforcement action such as seizure, injunction, or prosecutions.
https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm573431.htm
http://www.cnn.com/2017/08/28/health/fda-stem-cells-bn/index.html
FDA WARNING TO KRISTIN COMELLA ON ITS WEBSITE
FDA warns US Stem Cell Clinic of significant deviations
https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm573431.htm
Thank you BOB.
Why there is no press release from Block Chain Global in this merger deal?
BOB SHOULD A STAYED CASE BE CLOSED UPON SATISFACTION OF THE PARTIES INVOLVED?
Should JRMC issue a final order stating that the case is closed with the agreement of all parties when CH11 is said and done?
YES BOB ,ITS STAYED FOR THE OUTCOME OF CH11
ORDERED that WMI's Motion to Stay the Proceeding in its Entirety [see Dkt. # 45]
is GRANTED. This case is stayed pending further order of the Court. The parties shall submit joint
status reports every 120 days, with the first due May 7,2010, updating the Court on the progress and
status of the bankruptcy case.
SO ORDERED.
http://sidedraught.com/stocks/WashingtonMutual/DC/09-00656-0018.pdf
How about WMI vs FDIC?
How about offshore accounts and firms?.
Kevin joined our own IT creditor OwlC.
BR was very close friends with Kevin and bilked WMI for their meeting to discuss how to screw shareholders and benefit themselves.Now BR is moving on as JPM is about to conclude their part?
I wonder how many millions of preferred and commons ,+ debt of WMI.
They were well ahead of all of us in the game,they knew the outcome way way before, they designed it.MW clapped hands with BR with out the knowledge of S&G,...LOL, wink wink.
MW involved in POR7, he did not settle down for a quick settlement, he wanted it to prolong for years....he only knew the outcome among shareholders at that time of taking the decision...very nice.
BR's job of transferring WMB to JPM is done completely as JPM finalized its case with DB and FDIC.Planted mole for inside job IMHO.
They have to file for extension atleast one day before 6 months or within 6months to MARCH 19TH if i am not wrong.But remembering some thing that WMI Trust was allowed to max 6 yrs IMHO.
ANY LINK?
BR joined Proskaur and WMIH hired a new advisor to look into restructuring its debt same week.
It appears that WMILT is close to the end, it has to file for an extension if it all needed, before Sept 19th.
WMILT folded up all the subs such as ACD3,Ahmanson Dev.,WM Rainier,WM Citation..to WAMU 1031 which is active overseen by Wkosturos,Csmit,Dlogan,Cbrouwer...
Class 16,17,18 come before class 19,right?
Its laughable to see you say something about classes in Tranche 6, when Tranches 4,and 5 are being processed.
Escrows will be poured with WMIH shares(or LTIs) when WMILT transfers assets from LT to WMIH so they could use the NOLs. Ofcourse cash from JPM and others for 363 sales of the assets.
IMHO.
DD - BACARDI, ONE OF THE DIRECTORS
IS A NO JOKE.
NICK SPANOS IS A NO JOKE IN BLOCKCHAIN, HE IS MAIN INVENTOR IN THE PATENTS.
IMHO IT WILL RUN SOON.
GOOD STRATEGY TI ACQUIRE BLOCKCHAIN TECHNOLOGIES CORPORATION.
Mark Cuban is entering into this space.Is this a buy at this price?.I am new to this, but just bought some today.
CORNFUSED LOL
Me too cornfused by restructuring or refinancing?
Not intended to update?
Escrows is like a house address.When there is a package for distribution, that gets delivered by mail(DTC) to that particular address.
CORNFUSED again,LOL.
Did you read my message?.
$550mm is cash
$123 B is assets under administration
Ofcourse it is LBI which i mentioned in my message.
Trying Uptick, but its falling off...
THE AUGUST 14TH STATE OF THE ESTATE DOCUMENT
$123 billion – administered assets - LBI
http://dm.epiq11.com/#/case/LBI/dockets
Docket # 14372
Page 3
Docket # 14346
Page 4
The information and data included herein are derived from sources available to the Trustee and his professionals at
this time. All amounts are unaudited, subject to revision, and should not be relied upon.
$123 billion – administered assets - LBI
http://dm.epiq11.com/#/case/LBI/dockets
Docket # 14372
Page 3
Docket # 14346
Page 4
The information and data included herein are derived from sources available to the Trustee and his professionals at
this time. All amounts are unaudited, subject to revision, and should not be relied upon.
Remaining matters:
Big Banks – Citi and Credit Suisse
RMBS related issues
Other Matters – dissolution of non-debtor affiliates and guaranty claim issues
And where is the proof that WMIH might get assets of WMILT?
Oh really?.Where is the proof that LT is consolidating?.Where is the proof that FDIC has money(except the one i showed)?.
Why didn't Obama sent any corrupt officials and CEOs of big banks along with corrupt BODs including former WMI BOD to jail?.
MY 2 CENTS - WHO WILL AGREE?
WMILT Consolidates all its assets into one LLC.
WMIH buys those assets from WMILT by exchanging stock to released former equity holders.So, escrow holders might receive the authorized billions of stock at WMIH. + any cash available at LT.
FDIC clears all the claims in receivership and pay the remaining balance to former equity holders(including non-released).
IMHO.
Appaloosa, Greywolf, Centerbridge... are all on hold like some...they old and cold .... NOLs
IT remember?.They have to sail with the shareholders IMHO.
I appreciate what you do here Mr.Simpson72. Your list is missing one significant holder JPM.
Still, it takes time IMHO.
If some hedge funds add today, do they expect miracles soon?.IMHO no.
Its a long term play,IMHO.
TRUST SUCCEEDED TO THE ASSETS OF WMI's ESTATE - IN SUPREME COURT
II. FACTUAL AND PROCEDURAL BACKGROUND
A. Facts
(1) The Parties
The plaintiff Trust is a Delaware statutory trust that is the legal successor to
the bankruptcy debtor, Washington Mutual, Inc. (“WMI”). In September 2008,
WMI filed for bankruptcy. The Trust succeeded to the assets of WMI’s
bankruptcy estate and to the claims asserted by the Official Committee of
Unsecured Creditors of Washington Mutual, Inc., et al. (the “Creditors
Committee”).1
The Trust was formed after WMI’s Seventh Amended Joint Plan of
Affiliated Debtors2
was confirmed by order dated February 23, 2012.
http://courts.delaware.gov/opinions/download.aspx?ID=206010
CNN WOW - 'Unexpected fountain of youth' found in cardiac stem cells, says researcher
http://www.cnn.com/2017/08/14/health/cardiac-stem-cells-make-rats-younger-study/index.html