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sure you don't have that backwards?
you in the world said under.80
So it's your contention that THJMW allowed the corporate veil to be pierced and non banking operations were taken? I don't think so. If you remember the examiner acknowledged as much when he was employed during settlement talks. And, this is very important...we are still here, much to their chagrin.
Yep, I wrote my congresswoman back in 2010 and got a nice form letter in return acknowledging receipt of my letter..that was it. we really need to actually stop electing people to power that absolutely sherk their responsibility throughout their tenure.
Back at ya, have a great day.
I think we did get a few additional shares a while after the conversion but I never had any intention of selling any and every intention of buying more, so it didn't matter(to me).
it's because this is likely a once in a lifetime opportunity, given the scope and unique circumstances surrounding the whole deal. could be because por6 failed, which would have absolutely screwed us, had it passed. por7 passed and we're still here. whatever value the settlers did not want to share with equity is still there, again as are we. must've been considerable to risk legal jeopardy.
there were continuing legal proceedings that needed to be resolved first
yup, can't ya tell.
it sounds to me like the corporate veil was honored.
Can you find another case as unique as this one, where equity whom was supposed to be history, is still alive and kickin'?
I agree and 180 days to monitor the closing price is a long time...long enough for a whole lot of things to happen before a r/s. Besides, wouldn't we have to vote on it? (and yeah I know they don't need our approval), but it's certainly not a foregone conclusion. I'm buying when I can if the price is right.
I always wondered why they authorized those 3.5 billion additional shares if they had no business plan.
bobviously hilarious
two sides to every trade dude...all the buyers aren't in a bubble of ignorance. they have all the info we have, and a lot of them way more, of course you know that though, right.
there will likely be lawyers coming out of the woodwork to handle that class action...and they'll get settled too, as it would be too risky not to settle them. I wonder who the lead client will be.jmo
Great post Bob, thanks for keeping alive in everyones' mind, what actually happened here.
wow...dude, you answered my question. You do know that, right!?
I give up...how many since you seem to be keepin' track? I don't live here, but thanks for answering my question with a question...cute.
what about the 2.5% that's supposed to go to the wmih?
Same here. I don't have any great expectations, but again, common sense tells me it will be significant. jmo
Could not agree more. Whatever the settlers left on the table in order to not have to defend themselves in a court of law is what we are gonna get, whatever that may be, keeping in mind that they know way more than any of us who aren't on the inside. I seriously doubt that one or ones would take that risk for mere pennies. I call that common sense. jmo
Nope, sounds just about right.
WMIH Corp, Inst Holders, 3Q 2017 (WMIH)
https://invest.ameritrade.com/grid/p/site#r=jPage/https://research.ameritrade.com/grid/wwws/research/stocks/news/article
again? that's a bummer.
Yup, someone's going to.
that's about the same share value of wmih if the nol's were used isn't it? I thought someone had posted a good while back that they'd actually be worth about 1.25b in real money, after all the rules are followed.
because they know what's REALLY gonna happen
isn't that why it was seized on a Thursday night instead of the customary Friday night?
that's because it happened on the 2nd. maybe it's the proverbial "don't wanna be out of wamu this weekend" weekend and big things do appear to happening in the world. jmwy
that's what I was thinking...I think I'm catching on. thanks
WMIH Files 8K - Termination Of Definitive Agreement >WMIH
Just copied and pasted this from TDA...haven't read it yet.
This isn't a link just the headline and the timeline hasn't happened yet. 8:30pm tonight
http://www.sec.gov/Archives/edgar/data/933136/000119312517305937/d470625d8k.htm
Actually, you're wrong about that too. JPM was far worse...that's why we are here. I think it has a little something to do with not having the financial face of the country to fail. And fail they would have if not for the cannibilisation of a SOLVENT WAMU.imo
Do you have any idea why when they reincorporated in Delaware, that they authorized so many additional shares? That's always puzzled me.
Some people are just tired of waiting and are more easily rattled than those who are not selling...glad I'm not one.jmo
Yup, and we still have those NOL's...I'm buying whenever I can, although I don't see trips in the future. jmo
Ok, what is Right? Enlighten the board.
Okay, if they planned to get everything in the estate and they failed because they got caught and due to colorable claims they made the deal they got. So it stands to reason that what they planned on getting but did not get must be gotten by who? Whatever else value that they settled to not receive must've been substantial in order to risk legal jeopardy in the first place. It would appear that they knew what they wanted throughout the BK until they made the deal. It seems that should be good for us as that value, whatever it may be, didn't just up and disappear. jmo