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L2 100k buy @ $2.70
http://cdn1.boardpost.net/quote.php
Stuttgart Germany up 33.33% (€2.0 = $2.45)
http://aktien.finanztreff.de/aktien_einzelkurs_uebersicht.htn?i=25767537
I hope OTC will also gap up
Stuttgart Germany up 30% now (€1.95 = $2.38)
http://aktien.finanztreff.de/aktien_einzelkurs_uebersicht.htn?i=25767537
Stuttgart Germany up 28.53% now (€1.93 = $2.37)
The number is different each 14 days. But is it correct to conclude that it is wrong only because it started with 744,077 in March 2012? Hmm, I really don't know...
Short Squeeze ahead? 789,700 shares short!!!
http://shortsqueeze.com/?symbol=WMIH&submit=Short+Quote%99
Yes, even though Germany is not representative! But I expect a gap up and a huge volume in the US today, at least 4 million shares, perhaps up to 10 million
25% now
Total volume after 54 minutes: 66.500 shares
http://aktien.finanztreff.de/aktien_einzelkurs_uebersicht.htn?i=25767537
Stuttgart Germany 25% up at the moment, seems to go higher...
http://aktien.finanztreff.de/aktien_einzelkurs_uebersicht.htn?i=25767537
So we'll see a big gap up tomorrow?
Yes that's the reason for my conclusion, but I could be wrong...
Dilution doesn't concern me very much, because for the $600 million in funding we will recieve a huge countervalue/equivalent, namely the ability to purchase a company that enbales WMIH to consume the at least $5.8 billion (!!!) NOLs
We need to generate profit to use the huge NOLs, so WMIH has to buy a profitable company...
So there will be nearly no dilution impact IMO
I think escrows don't have a cost basis, and escrow payments are exactly the same as dividend payments. The received WMIH shares have a cost basis (the old cost basis for WAMUQs or prefs multiplied/divided by the "exchange factor") which will be relevant when you sell them...
Did you cover your shorts and now do a 180° turn?!?!?
I said it a few days ago, I think the end of conservatorship is already set up for 12/31/2014, not depending on the current court actions, because on 01/01/2015 FNMA will start paying into the low-income housing fund, which IMO would not be possible under conservatorship...
http://www.bloomberg.com/news/2014-12-11/fannie-freddie-to-start-paying-into-fund-for-low-income-housing.html
Sure it could be better not to use it if they don't need it, but I think the larger the acquired company is, the more profit it will generate, and the more of the NOLs can be used in a shorter timeframe...
And if the market cap is bigger (after the acquisition), a potential following merger can also be bigger...
IMO that is the biggest gain! It is not so relevant if they can use up the whole 6 billion in NOLs, or only 4 billion, but after the M&A we will own a company that WILL NOT HAVE TO PAY TAXES FOR YEARS GUARANTEED!!!
Don't forget the cash, and the credit line, it should be more than 700 million they can use, or am I wrong?
With the funding it should be possible to list on the NASDAQ, but I think they simply will buy a company that already has a ticker on NASDAQ or NYSE and will use it. That should be less complicated...
clawman and aladin, this article is from February 13th and has been posted many times...
That means only 6.5 trading days from next Monday until KKR can start with the capitalization of WMIH. I would expect a little bit more buying pressure now...
Yes that sounds like EXIGENT CIRCUMSTANCES
My WAG, last day of conservatorship will be 12/31/2014, and payment to the fund will start on 01/01/2015, so there will be no problems
I think they want to complete Q4 in conservatorship and everything is set up for the release on the first day of 2015... Just IMO
Very interesting article (even though not WMIH related) by MICHAEL H. KRIMMINGER, a former general counsel to the FDIC.
It is from yesterday and I found it on the Fannie Mae board:
http://www.americanbanker.com/bankthink/fhfas-permanent-conservatorship-ignores-the-law-1071687-1.html
This article encourages me to think that IF there are WMI assets hold by the FDIC, they will give it back to the proper owners (escrow holder).
I am no native speaker but I read it that way that WMIH has to notify WMILT if they do not need office space after April 30 any more. I think WMILT will exist for another 3 years...
Do the MMs try to fish the 2.0$ SLs, but don't accomplish it because of too much buying pressure??!?
The calculation takes each dollar that reaches equity into account.
Per old WAMUQs
10mln = 0.00178$
100mln = 0.0178$
1B = 0.178$
10B = 1.78$
100B = 17.8$
If your question is if the 27 billion is a realistic number, you have to ask the one who came up with that value...
You can look at it both ways:
You say falling, I say rising:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109063929
This calculation is also wrong. Only for 1.1 or 1.3 billions shares releases were given.
It was calculated many times before, why do people TRY to calculate it again and again
1 billion $ means exactly ...
... 0.178$ per old WAMUQ and
... 100$ per old WAMPQ
so 27 billion $ means...
...27 x 0.178$ = 4.80$ per old WAMUQ and
...27 x 100$ = 2700$ per old WAMPQ
The only two numbers people have to remeber is 0.178$ (for WAMUQ) and 100 $ (for WAMPQ) per 1 billion from WMILT
Each billion would bring 100$ per P escrows, so $ 27B would bring back exactly 2700$ per P escrow (face value of former Ps was 1000$)
Chart Update: Sound Longterm Uptrend!
If you look at the 3-year-daily chart and rate the yellow area as "euphoric overshoot" (because of the KKR commitment letter), which was brought down again (because of the long time without any M&A news), then you should realize that the WMIH PPS is in a very sound longterm uptrend, and the PPS (currently @ 2.02$) is where it would be if we'd assume linear continuation from Dec. 2013 before the jump to nearly 3$. I didn't draw that line, but it is easy to see...
Also the accum/dist line below the chart is very telling!!!
With M&A news this could easily jump to its new all-time high IMO...
Chart courtesy of StockCharts.com
Doesn't the chart look very good?!?
BTW, the 825 page doc is still at kccllc and not deleted and can also be downloaded there:
https://www.kccllc.net/documents/0812229/0812229091214000000000008.pdf
Please take also a look at this one:
http://sidedraught.com/stocks/WashingtonMutual/WMI%20v%20FDIC%20Complaint.pdf
Here is the complete 825 page document for download:
http://sidedraught.com/stocks/WashingtonMutual/0812229091214000000000008.pdf
28 MB, takes a while...
BTW, here you can find nearly all important WaMu Docs since 2008
WTF, who collected this all?????
http://sidedraught.com/stocks/WashingtonMutual/
Many thanks to GOOGLE
Now I found the 825 page document you mean:
http://de.scribd.com/doc/73219827/Washington-Mutual-WMI-Debtors-Motion-for-an-Order-Pursuant-to-Bankruptcy-Rule-2004-and-Local-Bankruptcy-Rule-2004-1-Directing-the-Examination-of#force_seo
But I cannot download it, only view online, I have no scribd membership
Page 287 and following are also very interesting!!! The whole document is worth reading it!
This 417 page document contains the mail mentioned by you from Tim Main (it is on PDF page 169), another mail from him (page 22) band other very hot stuff like Project West and the original motion for examination of JPM by the debtors from June 24, 2009 (PDF page 1 to 17) and much much more in this 417 page document! Please read it...
It is a combination of many single documents:
http://ebookbrowsee.net/jpmorgan-combined-pdf-pdf-d110661452
I alredy posted it on 09/21/2014, but unfortunately got no responses:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106472946
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106473447
But you wouldn't deny that the chart looks great at the moment
If we close above 2.55$ today, the ascending triangle would be left upwards and the PPS could run up to 3.80$ or even higher, purely based on the chart, not taking any GOOD NEWS into account. IMO