Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"WMI is a (DST) Delaware Statutory Trust NOT TO BE CONFUSED WITH WMILT WHICH IS DISSOLVED"
Yes, and this has been a major source of confusion for some time, which culminated Friday when the LT-issued CUSIPS went poof ghondi.
Understanding the above quote is all difference in reactions on Friday, ranging from mine ("Hot damn! This is moving ALONG!") to "Noooo, we're wiped out! Woe is us!"
The markers served their purpose, and I was very elated to see them removed, as it means that the LT is finally just about done and gone.
The next 2-3 weeks should be quite interesting, indubitably.
"...tied up in bankruptcy reorganization and liquidating trusts for six years."
6 years...don't we all wish. Try a solid decade.
I, for one, believe in magic.
Do you believe in magic?
And I hope you do!
You'll always have a friend pooin' big red poos
Ha ha ha
Well played.
You've been waiting 2 years longer than the rest of us? Fascinating! Do share.
"the 8-k"...
So WMIH/COOP has put out only one of them, ever?
Well, that is very painful for me, holding millions of shares!
Nvm, I misunderstood you.
They'd still have several business days to file, so quite likely nothing happens tomorrow.
Damn straight.
Yes, because a negative can be proven simply by asserting it.
Someone is as clueless as Ramos. Won't say who.
Good find.
Yup, bunch of drooling dum-dums who have never made a dollar. I suppose it's that same stupidity that motivated them to spend good money to get 1% of nothing, instead of a guaranteed payout in class 18.
That's why they're pennyless beggars. So sad.
On, TDA, mine are already tardy, compared to prior years. Only tardy by a few days, as of yet, so I'm not gonna think to hard about it.
Appreciated as always, MM.
Hear ye, hear ye
I wasn't talking to you.
This LIBOR class-action suit is a completely different issue from releases and prospective return of ABS trust funds.
RAmen to that. If only they could step out of their predatory mindset for long enough to allow a pragmatic thought to influence them...
I got the letter.
By the end of the Class Period, I had bought (and still held) P's, K's, and 2 different flavors of WMB bonds. I had other bond holdings during this time, so it's impossible to say which, if any, of the aforementioned WMI/WMB-relevant holdings apply here.
".still not enough for me to buy into just yet."
Great news: There's nothing to buy into! That ship sailed in March 2012!
Dunning-Kruger, anyone?
"ADDED:, ... ~ It Has Always Been A Case Of WHEN ~"
Beat me to it.
Nothing moves fast in business or law (esp. where they intersect), but the intentional delays seem to be past tense; there's no reason to think that we'll be waiting for years longer.
Not sure I care what Ms. fart-o-rama has to say about anything.
Nice. Ty for the effort :)
Thx for your thoughts and info, bro.
True that.
Quite a testament that longs are in no hurry to sell. News is coming "soon", even if not as soon as some impatient ppl would want or expect. Q3 revs are going to cause a lot of soiled trousers, if we even have to wait that long to relinquish control of our bladders.
Amen.
Speaking of which, can I talk you into PM'ing that to me? Long since Jan 2019
Good to know.
Squirming baboon formation with romantic candles forming.
Sorry, just having fun.
Nah, I think people be like, "What...people DIED this year? When has that ever happened? I mean, in what callendar year have people actually died in this country??? That's it, I never want furniture again."
"cant say any more so dont pry."
Fair enough. You can confirm that you're still long, yes?
I call it the "downward drift between PR's". Isn't that profound? I'm some kind of genius.
Sure, makes perfect sense to fight to take 1% of nothing (class 19) over a big chunk of something (18). They've always done business this way; that's why they're so poor.
"Well BOYS and GIRLS friends and enemies..."
You already know which I am. A boy. Wait, I meant a friend w/e
Does equity fall under the "creditor" umbrella? Real question.
Last I checked, creditor status ends at class 18.
And also, why did our WMIH(now COOP) shares that we got back in 2012, default to a zero cost basis?
Hint: "free" shares. The WMIH shares we got were NOT a conversion/replacement of our WMI legacy interests! If they had been, they'd have the cost basis of whatever we paid for the wamuq, wampq, and or wamkq that we had at the time we signed our releases, which gave rise to our acquired shares in the spinoff.
WMI is still a thing, as are our legacy interests in such.
The gross profit margin...*drool*
"These folks have already proven to be scam artists, OTC players, and failures in business."
No, they haven't. Repeated assertion isn't the same as proof.
Know what I think about the store closure? That it ultimately won't affect their bottom line much.
1) first half of the year is ordinarily rather slow anyway
2) are people inclined to be like "oh, nevermind then. I didn't really want that comfy bed anyway. I'll just go back to sleeping on this pile of broken glass for the forseeable future"? I think not. Most of them will still buy what they were going to, even if they have to wait a whole couple of weeks.