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We should find out the true reason behind the curtain. No escrow money = No pps up. HF would not invest any company just for a NOLs and a shell. You might down look at them. HF needs money (cash) for investment. If you are in HF business, then you know how difficulties to get funding at the present time.
Roach
Simple, no escrow money come in, no go up pps.
Something is going to our escrow. Great
Fully agreed. Assets are coming in is the only reason.
JS
The worst case is 60% default rate, we still get 13B back to WMIHLT. Not bad.
I understood exdimer's point. If so, why those 4 dirty HFs played so much just for NOLs? Giving so much away free to JPM in order to control wmih2? It is not worth or they should hire someone like exdimer's as consultant.
What is your opinion about their mindset. TIA
Another thoughts as the same as hedge fund concept.
WMIHLT as an investor A, WMIH as hedge fund B.
As industrial commonly accepted as follows:
B gets 2.5% fixed operation expense annually and 20% of the gross profit, another 80% of the profit back to A for all of us.
Simple and easy.
You are good. Unfortunately, I could not do it. Although I have Roth, but I have no working income due to retirement recently.
Total P has $3B and K has $0.5B.
Boris
I wish immediately to get our initial investment (i.e. P & k FV) + interest .
Then, whatever left with WMIHLT will give to WMIH as a manager for our fund.
Under these circumstances, we will have a sort of fixed income annually. Also, we do not pay a huge income tax if the money distribute all to escrow accounts. Third, the stock of whih will go upto $10+
Either release 100B+ or cancer (karma) getting better.
It is related to Washington mutual. You could find all relevant info on I-hub symbol wmhi.
I miss Marayatano too.
Thanks, I'll contact my broker.
Only showed 92936paa8 in my account. I could not find pab6. Is it correct? TIA
I remembered that you sold some of your GSEs couple weeks ago. It's good. I am holding most are preferreds and dumped some today.
Stories have never been exhausted.
Just wondering how many new stories coming?
Or for HFS and JPM.
KARMA, N................
If so, what is the possible outcomes for common and preferreds?
TKS
The price was well manipulated by those dirty HFs for a good reasons. HFs well calculated the price in order to take over WMHI2. In any rate, it's a history but I fortunately did NOT lose money but my ROI is bad.
It's very good for you. Originally, I had it around $22.50. After the inside trading, then I kept averaging down, and finally, my price is around $4.80.
I thought HFs deliberately redeemed and filed with court for $34.50 because HFs wish to take over WMIH2 for free by the compensation of the difference. In any rate, It's not important anymore.
Hopefully, LG is right with some money flow into escrow accounts.
H got more screwed. The FV is $50.00
Thanks for your input.
I'm agreed 99.99% to your points.
Only one thing left. BoA bought ML, JPM took over WaMu banking at a very low price but assumed certain liabilities.
Barclays got Lehman's Jewel of the crown at also a very low price. Does Barclays assume any liabilities from Lehman? Or, what is the deal? Appreciate your comments. TKS
By the way, that's the reason that I keep saying like buying a lotto. The price should not be over $0.03-0.05/share. Otherwise, it's too risky. It's good to sell at $0.3/share, not nice yet.
yes, that's true.
It may not get someone to guarantee CTs. However, hope to get the stocks from LAMCO, followed the same pattern as WMIH.
It may not get someone to guarantee CTs. However, hope to get the stocks from LAMCO, followed the same pattern as WMIH.
It won't hurt to keep the 49% of NOL from creditors' viewpoints.
Hopefully, it will go like WAMU. That is my lotto tickets. I think Lehman definitely has better logo than WAMU domestically and internationally. If LAMCO( assuming there is an re-org)finds KKR to invest, then it turns the trash to something.
In addition, we don't have to gift non-liquidated assets to charity, or being forced to sell at low price. Creditors can still have them 100%. It benefits veryone. The share price of LAMCO increases due to the additional assets. It's all my WAG, IMHO.
Unfortunately, equity must have 51% of ownership in order to keep the NOL. So, equity (common and preferred share) has 51%, and all other creditors share the remaining 49%. How is that?
I'm still waiting my payment for H. Correct me, I thought WMILT does not have enough fund yet. Do you know the opposite way as your discussion here? If you're right, THAT'S BIG...........
Any purchase over $0.03 p/s is worthless. However, pumpers want you to buy @ much higher price = their profits @ your risks.
If you pay me $1.25 p/s, I would sell you all my 80K
I sold some while the price was around $0.60/share to average down. Still holding around 80K.
Since our cost is $0.023/share, so no need to sell it. Like Marayatano said "buy the lottery tickets".
We're far away from April 1st....
Correction: 0.055/share
I got mine, around 0.55/share.
I believe that you're close to the reality. My figure is around $1.30/share for CTs as the best results.
If senior only gets 21.1%, logically, there is no way that we could get 100% FV. Is it a common sense?
Another reason is that senior did not want to hold up in the process. Estimation has had to be made up as close as possible. If any additional money walks in, why would seniors give up.
Debtors keep remaining seniors that we have paid you as estimated. Now it is the time to extend the payment to other classes under 9 without any subordination/compensation to you.
Above, IMHO, is the best situation for us. We may get nothing. Let see after March/2014.