UncleBo, they love to make money on the spread...

If the MMs buy 250.000 at $2.17 and sell for $2.18, or if they start shorting at $2.18 and cover at $2.17, they earn $2500.

This is what is happening at the moment IMO, at least with the 1987K position from CDEL(which only showed up some seconds and then was changed to a small value) at $2.20 at the ask.

Read paragraph to the end of the post, IMO it explains exactly what is happening:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108599259

http://www.vitter.senate.gov/newsroom/press/corker-and-vitter-call-on-administration-to-protect-taxpayers-and-reconsider-recent-fha-decision-

That means they can theoretically be converted/exercised at any time

I would only like to discuss the two possibilities. My favorite scenario would be an acquisition in the next few weeks, but it is beyond my power. My interests as a shareholder are not aligned with WMIHs interests. If there are prudent reasons why WMIH cannot do the acquisition before March 20, then we have to deal with it.

My personal solution is accumulation. Like BlueFoxx I am happy I bought on Dec. 31 again, and if it really takes until July, I will buy end of each month again...

Thanks for the confirmation. Now as we know KKR agreed to convert/exercise the A preferreds/the warrants on March 21 at the earliest (or later), AND the B preferreds will automatically be converted when an M&A takes place (within 180 days from Jan. 5, which means no later than July 5), which scenario is more likely:

1) M&A before March 20
2) M&A after March 20 and no later than July 5

Could it be 2) because they want to trigger only ONE "Testing Event" (which is not possible in 1) )???

TIA

Warrants not exercised and A prefs not converted yet IMO

According to http://www.sec.gov/Archives/edgar/data/933136/000110465915001040/a15-1349_3sc13d.htm

Boris, we had 72% short volume ratio on Jan. 5 when CDEL showed up with 1987K at the Ask for 2.20 and the 2.20 "flatline" started, and we had 70% yesterday.

The total volume for Jan. 5 was 671,089 (short volume 483,952), and the total volume for Jan. 6 (yesterday) was 659,454 (short volume 466,707).

So I think it is safe to assume all the 1987K from CDEL are short sells IMO

Is this assumption correct?


http://otcshortreport.com/index.php?index=wmih&action=view#.VK12xSuG9ED

Golden cross in a few days!!!

1.12 million (!) single trade @ 2.17

http://cdn1.boardpost.net/quote.php

Dr. Acharya also was the one who valued the assets of Washington Mutual at 145 bln. $ (JPM bought WaMu for only 1.9 bln. in the crisis 2008) and objected to the POR, but it was no help for the shareholders of WMI.

The objection:

http://www.kccllc.net/documents/0812229/0812229100603000000000011.pdf

I only want to say, the Government or the courts don't really care what he writes IMO...

Blue, even for shareholders who bought WAMUQs for let's say 0.10$ it wasn't really "fair & reasonable", if WMIH shares were the only thing they got after Ch11 (1:29,xxx). WMIH traded at 1$ and then at 0.50$ for a while.

Not to mention the pre-holder who paid 10$/share or more.

It might become "fair & reasonable" if escrows get paid...

You are joking, the 3-year trend and the accum/dist line are beautiful

http://stockcharts.com/h-sc/ui?s=WMIH&p=D&yr=2&mn=10&dy=0&id=p30099326830

Put a line below the PPS, the PPS never broke it to the downside...

It was exactly 1987K (1.987 million) from CDEL showing up at the Ask yesterday for a few seconds. Then 3000 were traded, Ask reduced to 1984K, then CDEL changed Ask to 100 to hide it...

L2 Video at 0:44 - 0:46

72% short volume ratio yesterday, the highest value since Feb. 2014.

So it seems to me most or all of the 2.20$ trades by CDEL are short sells. Any other good explanations?!?

http://shortvolume.com/ and enter WMIH

Yes it is gone now. It stayed there a few minutes, and then was withdrawn. Or perhaps it has been traded, and we will see it after-hours as Form-T trade, like the 3.9 million in Nov. 2014...

1.9 million at the Ask @ 2.20

http://cdn1.boardpost.net/quote.php

RBS Said to Settle U.S. Mortgage Probe as Early as First Quarter

http://www.sddt.com/News/article.cfm?SourceCode=20150105fc&_t=RBS+Said+to+Settle+US+Mortgage+Probe+as+Early+as+First+Quarter#.VKqdcyuG9EA

Exactly! Nothing big, only a press release that the deal is finalized. So far-fetched?!?

And how do you call this one from Dec. 19, 2014, a few days ago?

http://www.prnewswire.com/news-releases/wmi-holdings-announces-pricing-of-private-offering-of-600000-shares-of-300-series-b-convertible-preferred-stock-300012701.html

Hmm the US Treasury could end the net sweep and use this settlement money to capitalize Fannie and Freddie instantly. But I guess this is only a wishful dream...

Yes, you are right, being on the OTC is a problem. We could see it yesterday, when the PPS for retail shareholder was 2.20, and the two 100k trades went through @ 2.10.

It is important to uplist or buy a company that already has a ticker symbol on NASDAQ or NYSE, the sooner, the better! After uplisting (or before), it is important to leave the "penny stock status" (which means PPS > $5) according to SEC:

http://www.sec.gov/answers/penny.htm

Then many funds are allowed to buy WMIH, which should boost the PPS again...

As soon as the B-pref deal is closed (I expect a press release Monday after-hours) and WMIH has nearly $600 million more cash to acquire a company, the volume should increase in anticipation of an M&A (LBO).

We could easily see a volume of 4M shares/day or more again, like December 2013 and March 2014.

I expect a second LBO in 2015 and from now on an increasing PPS, all IMO

Volume increasing, more than 300k between 2.23 and 2.25

http://cdn1.boardpost.net/quote.php

Some insiders buying?!?!

Hmm probably the fact that the KKR/Citigroup deal will close next Monday 05/01/2015 and after it WMIH will have nearly $600 mln. more than before to acquire a profitable company to use the (at least) $5.8 bln. NOLs

247k trade @ 2.20

http://cdn1.boardpost.net/quote.php

Hope we get a little run before Monday when the KKR/Citigroup deal closes...

Nice, last trade @ 2.25

Bid/Ask 2.16 / 2.25

http://cdn1.boardpost.net/quote.php

Weekly MACD about to turn positive

The MACD in the weekly chart is negative since April 2014. Now it is about to cross the zero line (-0.011 at the moment) and become positive, either this Friday or next week.

http://scharts.co/177kNcR

LG, Fidelity knows the symbol WMIHP already (click on the link), but it seems to be "inactive" at the moment

https://quotes.fidelity.com/webxpress/popup_lookup.phtml?scCode=E&bondLookup=TREASA&searchFor=wmih&criteria=wmih&contKey=0&for=stock&by=all&productid=webexpress&rows=&sortBy=volume&sortOrder=D&reqforlookup=REQUESTFORLOOKUP

I think they will buy a company (e.g. Capmark) including its ticker symbol and use it (or change its name). Uplisting would be more complicated...

New ticker symbol WMIHP for 144A Class B Preferred Stock

A poster on a German board found it yesterday...

here on OTC Markets:

http://www.otcmarkets.com/stock/WMIHP/quote

or here:

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=WMIHP&insttype=Stock

or here:

http://financials.morningstar.com/preferred/quote.html?t=WMIHP

...and probably a new "Testing Period" for WMIH will begin on 1/1/2015 and another ownership change can be triggered without jeopardize the NOLs

BEST WISHES FOR 2015 TO EVERYONE!!!

Thank you hotmeat, post of the month (at least!)

I can read the documents over and over again, and the wording doesn't change! For me, "it is what it is", the wording means exactly what it says.

You say A, the document says B

You say, these are not claims against the FDIC, I read "claims...against FDIC" (in its capacity as reciever, which means claims against FDIC-R)

They don't need to pursue the claims at the moment, only if WMB bondholders are paid ahead of WMI (now WMILT) as "creditor"...

bkshadow, one of us is absolutely wrong. Now I am totally confused...

bkshadow, WHY did they use this wording in the linked document in my previous post, only 3 days before the effective date?!?

Please explain...
TIA

bkshadow, this is still my favorite document

https://www.kccllc.net/wamu/document/0812229120316000000000016

OK I will help

PDF page 3, footnote 2:

http://www.kccllc.net/wamu/document/0812229101112000000000029

We should start a class action against the FDIC/JPMC if escrows don't get paid until 06/2015, and if possible, against Sheila Bair and Jamie Dimon in person. I think you can count on many German/European shareholder also...

Just contact me when the time is right, it would be a pleasure to spend some money for that...

Here it is still listed on OTCQB

And OTC Markets itself is the source:

http://www.otcmarkets.com/stock/WMIH/quote

Looks like accumulation is going on, I guess we could easily close on HOD

http://ih.advfn.com/p.php?pid=webchart&symbol=WMIH&period=0&size=19&volume=1

Or at least close at the MA-200 line @ $2.64

http://stockcharts.com/h-sc/ui?s=WMIH&p=D&b=5&g=0&id=p46131359378