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just wait and see. Can't say much at this time. EOM.
Thanks! EOM.
Would like to buy some stocks, but my Wellstrade broker at Wells Fargo says the stocks are not for sale. Is this true with other brokerage accounts? With new PO financing that Eric has been talking about in his blogs(especially July 10, 2013) I think this company will have a chance.
WMIH definitely has good upside potential. Both my Keogh and 401K with Charles Schwab has American Funds Capital Builder and they hold 0.75% of WMIH's shares--that's a little over 1.5 million shares. If they thought WMIH is worthless they should have sold their shares long time ago. Would be interesting to see where the share price will be when the 2-year IRS "restrictions" end this coming March 2014. Better hang tight to your shares!!!
---AIMHO
Be praying for you. Hang in there.
Kidney cysts are quite common and are usually benign.
The report of a normal liver on CT scan is definitely a good thing.
That comment was made before we were asked to sign releases...so who knows?
Thanks! EOM.
Anyone here know what Eric the CEO's new email address is? I tried emailing him, but it was undeliverable. TIA.
LOL! I'm afraid of that. The powers that be will do everything not to get their a$$e$(assets?
) dragged into the melee.
But we can hope...
If it can be proven that Goldman Sachs engaged in naked short selling of Washington Mutual stocks then they have engaged in illegal activity; and if proven further that JPM colluded with GS to engage in above activity then all hell breaks loose! That will be fraudulent activity, and thus will void all the releases we signed indemnifying JPM and FDIC!!!!!The fight goes on....
AIMHO
In case we get litigation money from our WAMU escrow account, what kind of tax, and how much, are we going to pay on it?
Anyone? Sorry if this has already been addressed before. TIA.
How much of that 200 million will he get personally?
Agree 100%
I am able to trade Pink Sheets with my Wellstrade as long as they are more than 10 cent shares, but WMIH seem to be different.
Are the current shares trading legitimate? Why does my Wellstrade(Wells Fargo) account say the WMIH shares are N/A? Anyone?
Hi Catz,
Thanks for your clarifications. I am still not fully grasping this "extra security(escrow)" deal. Can you give an example of what may happen to my WAMUQ escrow account if down the line we will get distribution from litigation trust(?). TIA.
What happens to shares we buy now? Are they still good, except perhaps for a higher capital gains tax? I mean, they seem to be so cheap, but I don't see that many buys.
That is a good question. We can only hope it will carry over. IF not, then we are looking at a 25% long term capital gains tax vs 15% from the old rate. I guess the old rate of 15% is good only until December 31, 2012. Correct me if I'm wrong.
Well, if preferred need even just 50% of face value then the new co share should be at $25.00. IMO.
My Wellstrade(Wells Fargo) account has converted all my WAMUQ and WAMPQ shares to WMI Holding Co shares on a 29.85 WAMUQ to 1 Newco share, and 1 WAMPQ share to 19.85 Newco shares.
No, it is actually good that WAMUQ is done. This will then usher the new company--a new beginning! I agree with Large Green a hundred percent--there are likely large assets out there that will be brought in to the new company or is already there. AIMHO.
Thanks. Hope you have the tongue of an angel!
JamaicaBH, I agree with you 100%.
And even the fact that we do have an actual product is encouraging. Some pink companies are selling stocks just on "plans" of creating a product which may or may never come to reality. Having a product that actually works makes things even better, and being able to actually go to a store or order the product online is just amazing. I ordered my Winning Colours product online and it has worked well for stains on my carpet. I truly believe this is a great product, and I see progress being made in its distribution. It is not reflected in the PPS yet,but hopefully sooner than later. This company will have its day in the sun!
AIMHO.
Friedly financing is definitely a good way to go as it benefits all parties.I believe shareholders can be creditors, so anyone here who can chip in should do so.It is probably a much safer way to invest.
AIMHO.
Everything is the same, except for the street address. Hope they all get to the right people. It is quite reassuring. Thanks.
Ok. Thanks.
Hello,
Anyone here has WellsTrade account? I called my broker and this is where they say I should mail my ballots:
1st Clearing LLC
Reorganization Department
H0006-088
Attentio: Matt Duffield
1 N. Jefferson Avenue
Saint Louis, Missouri 63103
Is this right? TIA for anyone from WellsTrade who may already have sent out their ballots.
What if the hedgies accused of IT are JPMC's related persons or entities? Are we toast then?
I have a feeling some powerful shorters out there are helping manipulate the share price as low as they can so they can cover their shorts without much loss. They have until Feb 9th. It will be interesting to watch the share price as we approach that fateful date! IMO.
That sounds great! We can only hope and pray for great information.
Thanks. Will probably do that.
I agree. Willingham said shaleholders will be happy with the settlement. I definitely will not be happy with 6 0r 7 cents. Heck, I won't even be happy with 25 cents!!! I am long since 2008, and I will be holding to my shares til the end!
Hope Eric is the one buying. Part of his share buyback program?
Hope so. If not, then this may be a good time to buy back.
Just recapping on old news, that may be relevant, for those newbies to this board:
Here's an interesting historical blog written less than 2 weeks before WAMU was seized. Wonder if hedge funds did cause an artificial bank run that led to WAMU getting seized.
http://joemamasfreepress.blogspot.com/2008/07/shortside-hedge-funds-might-cause-bank.html
And whatever happened to Mike Stathis? He probably holds some damning evidence regarding hedge funds and other Wall Street firms engaged either in insider trading and/or shorting WAMU leading to it's further deterioration and failure. Here is a quote from a Wikipedia article regarding this:
"Within days of the seizure, a hedge fund adviser and investment strategist, Mike Stathis of AVA Investment Analytics issued a formal complaint to the Securities and Exchange Commission, demonstrating compelling evidence of insider trading. The complaint also alleged that Washington Mutual was not insolvent, and several Wall Street firms and hedge funds had conspired to short the stock. He also stated that he spoke with a reporter from the Associated Press who told him that he was contacted by a Washington Mutual executive hours before the seizure, telling the reporter that it would happen for “political reasons.” In later criticisms, Stathis discussed that the neither the FDIC nor OTS ever disclosed any evidence of Washington Mutual's insolvency.[32] Stathis stated that within a few weeks of submitting his complaint, he was visited by federal agents who held him in an interrogation room for questioning. As a result of this, Stathis stated that he felt bullied and did not release the SEC compliant into the public domain until a year later"
If you want to read more you can copy and paste the site below to your browser.
( http://en.wikipedia.org/wiki/Washington_Mutual )
It is definitely good news for shareholders that the judge ordered all parties to go into mediation(synonym for settlement). The SNHs are definitely at heightened level of anxiety, and are most eager to end this whole thing. After all, they are most in danger of getting prison time if this goes into another court. If Martha Stewart was sent to prison for insider training then anybody else can. The other thing is that the IT issue has now been reported widely in mainstream media. This is bad for the SNHs, but it could drag the other players too(JPM, FDIC, Hank Paulsen, etc). This needs to be mediated quickly, get the necessary releases, and make everybody happy--especially equity, which now is dangling the sword of Damocles over a lot of peoples' heads. Some folks are saying the commons are toast, but do not forget that the man who heads the EC only hold common shares! I don't think that after 3 years he will just fold and give up the fight! No way! I really feel good about all this, and I believe a payout will be coming sooner, rather than later.
AIMHO.
Very nice!!! Now we are finally moving in substantial ways.
Product visibility is very important. And now we have our foot in a significantly major US national account(Sam's Club)!!! Which one is coming on board next? I see good things happening here shortly. I am not worried much about the large share float--about 2 billion; after all WC is authorized up to 5 billion. This can easily be reduced down by company share buy backs once revenue starts to climb.
I believe you are right. And when that happens, revenue will skyrocket and Eric should then be doing share buy back--lots of it--hopefully to reduce the share float. This will give more value to the company. I hope reverse split will never come.
I have great hopes for this company.
Sam's Club is definitely HUGE!!! Getting in here will open doors to other big companies, as it boosts the credibility of WC.
Just getting your product into the shelf of one of these giant companies is a major major hurdle. Thousands of new products are rejected each year. Knowing we are this close is encouraging!
We might be approaching that elusive "critical mass" or "tipping point" that Eric has been talking about. Let's hope and pray so.
I agree. We better get some good settlement both for preferreds and for commons. When I read about WAMU's collapse in 2008, I could not believe a bank with asset of 300 billion and deposits of 200 billion could be bought with a mere 1.8 billion! How could that happen? What kind of math magic is that? My gut feeling is that a great injustice was done, and I still have that feeling now--even stronger. A lot of smoke screening occurred to cover up some wrong doing here, and I hope our team will/have uncovered enough evidence to bring justice to this case. Maybe not in this bankruptcy court, but we have the civil and/or criminal court later to air our grievances. Well, we don't ever have to get there if, like I said earlier, we get a good/equitable settlement that our team(EC/SG) can aggree to, in exchange for precious releases.
However, if they play hard ball and choose to screw us again, then, heck, forget all the releases and let us proceed with depos and on to civil or criminal court! At this point, I don't care anymore if I get a single penny, but I would like some light shone on this case and expose who the crooks are. Some definitely deserve to wear those orange jump suits. Just frustrated.....
AIMHO