Linda is biotch...! LOLz JayKay
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Well, subordination is a major hit against HUQ.
The more time this BK takes, the worse it is for HUQ because Seniors are accruing contact rate interest.
The other factors as mentioned I mentioned before is:
IT
Dis-allowance claims
Mediation (Settlement)
etc.
We should wait until Mediation so that we have a clear'er direction.
my opinion.
ROLMAO! Look at your own posts. Look at your own links! LOL
The Link to Yahoo shows headlines for WASHINGTON MUTUAL INC, which is WMI, in case you don't know what WMI is.
The link to IHUB in the INTRO BOX shows "Washington Mutuals's 8k on the DIMEZ LTW's".
How much deeper do you wanna dig???
Please, for the sake of mankind, drop it it already. YOU ARE WRONG... just accept it and stop dwelling on it. It is bad for your mental health.
Seriously, if you take the time to enroll yourself in "Investing 101", you will understand. It is for your benefit.
imo
Both Investorshub and Yahoo do not record DIMEQ as WMI Dime Bancorp LTW - so it is still a matter of opinion.
http://finance.yahoo.com/q?s=dimeq&ql=1
http://ih.advfn.com/p.php?pid=squote&symbol=dimeq
Please drop it already. If you don't understand the concept, then please don't post about it. You are just digging a deeper hole for yourself.
Might I suggest you take: "Investing 101"
BTW: You are still wrong. Everyone else gets it, however, you are the only one who doesn't.
imo
Nonsense - I have read 57 pages (all) of the Post-Trial Memorandum and it was more than sufficiently detailed for me to render an opinion on its merits and the value of the DIMEQ stock.
DIMEQ is listed as Dime Bancorp LTW and was never changed to a WMI stock - in my opinion.
Please provide PROOF of my errors in my statements - rather than rude accusations.
First, great trade from $1.60 to $24/25!
As for HUQ, there is "currently" a lot of uncertainty right now because of Insider trading; Dis-allowance of claims; subordination clause; litigation; possible settlement (mediation), etc.
We won't know until we see some sort of direction re: mediation. There are just too many variables and scenarios right now.
Sorry, I cannot give you a better answer.
The above is strictly my opinion.
Thanks.
imo
Wrong yet again.... Read your own post.
Here is a link to the Direct and Indirect Subsidiaries of WAMU prior to bankruptcy. Dime Bancorp Inc. is not on the list however several Subsidiaries of Dime Bancorp Inc. are - which JPM acquired in its acquisition. I think I was close enough and I still disagree that DIME BANCORP LT WARRANTS are Securities of WMI.
http://www.wamustory.com/subsb4.htm
LOL, that DF is sooo clueless, it is not even funny. At first I thought she was just playing dumb, but the more she posted, I realized she is really just plain stupid! Unbelievably clueless... LOL
Wrong again... lets just drop it already. It is clear you need to do some due diligence and not guess.
Please do not reply to this post.
End of conversation.
Have a nice weekend and try to enjoy it.
imo
From what I have read Dime Bancorp was a Subsidiary of WaMu/WMI. And I think maybe JPM acquired the Subsidiary in its acquisition.
I quoted what you posted by copy and pasting. Either way, you are still wrong. imo/eom
Wrong again... grasshoppa...
DIME Bancorp is NOT a sub of WMI. Please, please, do NOT reply to this message.
Once again, DIMEZ is a WMI security...
Going round and round again...
P.S. Please do NOT reply...
imo
I was quite aware that WMI acquired Dime Bancorp which would make it a Subsidiary of WMI would it not?
The Litigation Tracking Warrants are listed as Dime Bancorp L/t Wts.
ROLMAO! round and round she goes! LOL eom
LOL!!! WMI and Dimes merged!!! DIMEZ is a WMI security!!! Please so NOT reply! Do some DD please... LOL eom
imo
FYI : DIMEQ is a WMI security.
First you said all WMI securities have "too much risk and uncertainty".
... and you said you would purchase commons because they have the least risk out of the WMI securities.
Doesn't the above contradict everything you said about "risk" ???
Now you are saying you would purchase DIMEQ because ILOVESTOCKS pointed out to you that it may be the safest WMI security, BUT you said earlier that commons are the least risk???
Now you are saying DIMEQ is NOT a WMI security BUT you would choose DIMEQ over commons now????
Please make up your mind... or just drop it already...
All I can say is W O W !!! I am speechless...
I am getting a MENTAL Picture: A dog running in circles, casing its own tail, going round and round and round and round...
I am getting dizzy now...
imo
" If I had to make a choice though " does not mean " I want to/or intend to buy Commons " and it does
not contradict " I hold no WMI securities at the moment simply because there is too much risk and
uncertainty ".
Yes - of course the price of .07 is a factor. The stock price is showing little value and with the high
volume of trading the price is better supported and in my opinion will not likely free fall as high in %
as the Equity Preferreds - upon very negative news.
My comment did not include DIMEQ - which is not a WMI security - and if I did include it I think it is probably the best stock for a gain at this time.
I 100% concur. Excellent post! eom
I agree, she is being over-dramatic....The sky is falling... eom
What are the other factors? Price (even thought it is the lowest in the food chain)? 7 cents? Even when, as you say,"WMI securities at the moment simply because there is just too much risk and uncertainty"
So too much risk and uncertainty, but you choose the highest risk security? commons?
Why not HUQ, PQ, KQ... etc.
We are here to make money, not loose it.
imo
Your quote:
I hold no WMI securities at the moment simply because there is just too much risk and uncertainty. If I had to make a choice though I would probably choose the Commons since it has the least risk at .07.
LOOK - it is very unreasonable that 1 STATEMENT OF MINE has caused such a ridiculous drawn out argument.
I will try to make my point in another way that I think is more simply understandable -
WAMPQ is trading at about 400 %/or 4 times its 52 week low of $ 6.00
WAMKQ is trading at 550 %/or about 5.5 times its 52 week low of .15
WAMUQ is trading at about 90 %/ or less than 1 times its 52 week low of .0375
WAMUQ is trading significantly closer to its 52 week low than the Equity Preferreds and so in this regard it is a less of a risky stock - in my opinion.
Also - in the last announcement of a possible Settlement between the Debtors and the EC the Commons increase significantly more in % Gain - from about .04 to about .24 - than any of the Equity Preferreds - although the issue here is a risk of loss and not a potential of Gain.
HUQ is at it 52 week low!!! If I apply your theory and NOT take into account all other variables, we might just have a winner right here!!! No way we can loose here!
...BUT then again... that would be foolish to NOT be aware of other variables...
imo
LOOK - it is very unreasonable that 1 STATEMENT OF MINE has caused such a ridiculous drawn out argument.
I will try to make my point in another way that I think is more simply understandable -
WAMPQ is trading at about 400 %/or 4 times its 52 week low of $ 6.00
WAMKQ is trading at 550 %/or about 5.5 times its 52 week low of .15
WAMUQ is trading at about 90 %/ or less than 1 times its 52 week low of .0375
WAMUQ is trading significantly closer to its 52 week low than the Equity Preferreds and so in this regard it is a less of a risky stock - in my opinion.
Also - in the last announcement of a possible Settlement between the Debtors and the EC the Commons increase significantly more in % Gain - from about .04 to about .24 - than any of the Equity Preferreds - although the issue here is a risk of loss and not a potential of Gain.
LOL! We are here to make money. "Fuzzy"
LOOK - it is very unreasonable that 1 STATEMENT OF MINE has caused such a ridiculous drawn out argument.
I will try to make my point in another way that I think is more simply understandable -
WAMPQ is trading at about 400 %/or 4 times its 52 week low of $ 6.00
WAMKQ is trading at 550 %/or about 5.5 times its 52 week low of .15
WAMUQ is trading at about 90 %/ or less than 1 times its 52 week low of .0375
WAMUQ is trading significantly closer to its 52 week low than the Equity Preferreds and so in this regard it is a less of a risky stock - in my opinion.
Also - in the last announcement of a possible Settlement between the Debtors and the EC the Commons increase significantly more in % Gain - from about .04 to about .24 - than any of the Equity Preferreds - although the issue here is a risk of loss and not a potential of Gain.
Wells Fargo Bank, nationa Assoc's - Statement of issues & Designation of Record on Appeal
http://www.kccllc.net/documents/0812229/0812229111024000000000002.pdf
You guys should watch the movie called "Margin Call". It is almost like the movie was about Lehman Brothers in their last days of existence before BK.
Rated 7.5 of 10, which is considered pretty good considering all the other movies sux...
"A thriller that revolves around the key people at a investment bank over a 24-hour period during the early stages of the financial crisis."
http://www.imdb.com/title/tt1615147/
It is obvious that YOU are the one confused. YOU are the one who is saying COMMONS are the least amount of risk which is WRONG as YOU usually are.
Follow the thread YOU and GO4WILDRIDE were posting to each other. YOU are the one posting misleading information. How do YOU tell someone COMMONS are the least risk? That is wreckless.
Stop flip flopping around.
Try to be considerate of other noob posters that might actually take your advice and buy COMMONS over the other more senior securities.
If you love COMMONS so much, put money where your mouth is and go buy COMMONS and post over there. YOU will fit in just fine other there.
imo
Read re-read your own post:
I hold no WMI securities at the moment simply because there is just too much risk and uncertainty. If I had to make a choice though I would probably choose the Commons since it has the least risk at .07.
Wrong... AGAIN...Grasshoppa...
What has that to do with the letter I mentioned?
The Equity Interests cannot get paid until the PIERS are paid both the PRINCIPLE and CONTRACT RATE.
If the PIERS have to pay the difference in the CONTRACT RATE and FJR for SENIORS then likewise so will the EQUTY INTERESTS have to pay the difference to the PIERS between their CONTRACT RATE and FJR - which is about a $ 160 M difference.
I didn't take in to account any dis-allowance of claims. eom
Even before WMI's BK, PIERS already agreed to the subordination to seniors. This is stated in the Sept. 13, 2011 Opinion. So it would not matter if in BK, seniors got no interest, FJR, etc., PIERS are still subordinated to seniors and must make up the deficiency interest to seniors.
As for equity being subordinate to creditors, yes, that is true, however, once the waterfall gets passed the PIERS, the PIERS are essentially crammed down in BK (and considered paid in FULL), therefore PIERS CANNOT have a second bite at the apple (by asking to be replenished after paying off senior's interest) and the waterfall continues to equity, prefferds first in line ...
Once out of BK, PIERS are going to make the deficiency interest to seniors.
As far as PIERS vs. SNH for making up the difference in interest, I think that PIERS have NO STANDING because, if I recall, it is in the Courts discretion to invoke FJR and if I recall, Judge stated FJR was NOT a punishment or something to that effect. PLUS, PIERS agreed to subordination BEFORE BK.
HUQ's are fvck'd either way, just less fvck'd if they get crammed in BK.
imo
Guys need to remember, this is not like one of those "stinky pinkys". This use to be a "Big Board" stock that will be back on a major exchange after it emerges from BK Protection.
R/S's are usually dilution machines in the Pinks, however, this will not happen to WMI2. WMI2 has a lot of potential from the get go.
What is going to happen is new shares as in NEW CUSIPS (based on a ratio of old stock or debt) are going to be issued to the new owners of WMI2 post BK, not a R/S.
Do not worry about an R/S here... it is not going to happen, especially while in BK. There is no reason for it.
Get out of the "penny stock" mentality. If this was another PINK, then I would agree.
This R/S stuff is almost as bad asking the BK court to issues a new CUSIP number for EXISTING STOCK so traders can catch shorters of guard.
Come on guys, lets be realistic here.
This post is not directed at Roach58, just a general post.
imo
It is like talking to people about P's vs. K's math. Which is a better value. They just do NOT understand the math. LOL
Also, some of these guys have a "penny stock mentality"... and don't understand.
imo
No offense taken. The approx. $50 million (and added valuation) was based on the combination of the two experts (Debtor's and ours) during confirmation.
There is more to this, but I am short on time.
“Based on the two expert opinions, one of which is too conservative and the other of which is too aggressive,” the court concluded that the present value of the NOLs to the reorganized debtor was $50 million. This assumed that the new entity should be able to raise additional capital and debt over the next 20 years equal to twice the value of its current assets, by investing these assets either in regenerating its reinsurance business or acquiring new businesses.
It was during confirmation hearings. Our expert/consultant and their expert/consultant on valuation of WMI2 as a runoff, etc.
Theirs was a low evaluation and ours was just slightly higher. Judge Walrath took the middle ground between low and high valuation of WMI2 (which slightly increased WMI2's value), and was, if I remember, mentioned in the Opinion (Sept 13).
Also, I dont remember the figure, but it was more than $50 million.
imo
They got the Estate the $50 million (don't know exact amount) "added valuation" on WMI2...
As miniscule as it is, it was upwards and brings equity "incrementally" closer to the waterfall, however . . . may be there was nothing else there to bring up... and they are our experts/consultants... surprise?
People don't realize how thin the ice is where equity is standing...
imo
That is why professionals say "D I V E R S I F Y" . . .
How did they become professionals? By not "D I V E R S I F Y I N G" and losing their azz in the market...
BTW: Impressive... a college student saves $32k in the course of 2 years while other college students are eating RAMEN for breakfast, lunch and dinner...
imo
Now you are getting it... anything more is DC, NOT BK. Different issues.
New Company (WMI2) will NOT be the same Washington Mutual.
However, a settlement would include commons, but NOT your astronomical numbers... imo If not settlement, then...
They ate up 300 billion dollar company for 1.9 billion.......Heck....even TD was asking to buy 1/4 of WAMU for 30 billion only a year before WAMU got f'ed over..........And some people on this board are fighting over 5-7billion with nothing going to the commons.......It's pointless to get a so called "New Co." It won't be the same Washington Mutual without its past assets not being returned
LOL, good one! eom
Nope... eom
LOL!!! eom
COOL! So... That way nobody could understand their mumbo-jumbo? Let's elect you, Austin. BTW - Did you see that Parker was named w/ Susman as Best Lawyer Of The Year? Will you now be asking where Parker is?
For some reason... I think "Law" is your last name and not your profession... imo eom
How can that happen???? it will effect the NOLs... change in ownership... even if JPM bought all the shares, there are toooo many loose ends for JPM to take on more liability...
That is not even an option...
Step back from looking at the trees then you can see the forest...
imo
Nope... can't do that. WMI has a 4.x% ownership restriction plus no one would buy WMI with all the "loose ends." WMI needs to emerge out of BK and close loose ends before "anyone" would even consider buying it and I doubt JPM would buy it even after BK. WMI2 is going to be bought out/merge with an entity in the reinsurance area of business.
imo
You are talented writer or you read a lot. cute... You must be from the Los Angeles area ... eom
May be lower, imo eom.