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Reality
So, what else if anything is in the way from us getting our ESCROWS filled with money!
So...it's not going to be "soon"?
I doubt anything is imminent with escrows...at least in the short term. If something was happening behind the scenes now we'd be seeing smart money movement in WMIH sp and nothing's happening. Stagnant.
When WMIH starts to move again with volume maybe, but for now I'd say it will be a while yet.
I do think they want to try to wrap as much up as possible this year since taxes will increase.
A deal of this magnitude (escrows) will take time. But they did say WMIIC is going bye bye so we may be closer than any of us think.
From the most current 10-Q
Pg. 8
"WMIIC
WMIIC does not currently have any operations and is fully eliminated upon consolidation."
http://archive.fast-edgar.com//20160805/AMAZTQ2CZM22MZA2222N2ZZ2KPHPZY22R582/
"Our wholly owned subsidiary WMIIC has no assets or liabilities and we are beginning the process of dissolving this entity"
Doesn't say anything about what IT MIGHT MANAGE FOR OTHERS, does it?
...151 BILLION less expenses at FDIC-R, plus interest, to mention a couple + more!!
There are a lot of statements made on this board that cannot be BACKED up. All are opinions unless accompanied by a link & even then links can be altered.
link?
JPM HAS AN ENORMOUS AMOUNT OF STOCK AND ESCROWS FROM THIS DEBACLE, SO THEY WILL SEE HUGE GAINS.
If i had a nickel for every time someone said "soon"...
Funny how bkshadow hasn't responded to AZ. :)
Because AZ's DD is not refutable.
Soon. Yes soon friends.
It's from WMMRC, not from WMIIC.
Pg. 30
"Because WMIH has no current significant operations of its own, its cash flow is derived almost entirely from earnings on its investment portfolio, and payments it receives from, and dividends paid by, WMMRC. At this time, all dividends received by WMIH from WMMRC that constitute Runoff Proceeds must be distributed to holders of WMIH’s Second Lien Notes in accordance with the terms of the Second Lien Indenture as described below in this Item 2 under “Notes Payable.”
WMMRC’s revenues consist primarily of the following:
net premiums earned on reinsurance contracts;
positive changes to (and corresponding releases from) loss reserves; and
net investment income and net gains (losses) on WMMRC’s investment portfolio."
Go on to page 30 and it describes the income derived from same... Contradicts your thoughts?
Pg. 29
"Our wholly owned subsidiary WMIIC has no assets or liabilities and we are beginning the process of dissolving this entity."
Thoughts? Anyone? Large Green?
https://www.sec.gov/Archives/edgar/data/933136/000156459016022986/wmih-10q_20160630.htm
Well, the "hours" have passed and soon, so will the "days" without a "WMIH 8K filing showing the way". What will be the next event to look forward to?
For clarity.
***UPDATED as of 7/31/2016***WMIH/WMILT/Escrow Share/Tranche 5/6 plan must be literally hours to days away from a WMIH 8K filing showing the way.
BOD did not get extra Shares for this June 1st SH Meetings...
This article is misleading.
"Sun Life Financial INC Decreased Stake in Wmih Corp (NASDAQ:WMIH) by $231.67 Million as Shares Declined"
"Sun Life Financial Inc sold 99,004 shares as the company’s stock declined..."
They did not decrease their stake by 231.67M but by 231.67K. Do the math. They sold at $2.34
More discouragment from this stock:
http://www.consumereagle.com/sun-life-financial-inc-decreased-stake-in-wmih-corp-nasdaqwmih-by-231-67-million-as-shares-declined-2/31262/
This could be the shape of things to come if this BOD doesn't come to lifea and start to grow this cmpany.
Before everyone starts freaking out about WMIH being down to $1.85 After Hours, it's only on "3" shares.
Read it, again.
"EACH REPRESENTING A 1/400th INTEREST IN A SHARE OF"
"(equivalent to $25 per depositary share)"
Maximum Aggregate Offering Price(1)
$977,500,000
(1)
Calculated in accordance with Rule 457(r) of the Securities Act of 1933. Includes 5,100,000 Depositary Shares that may be purchased by the underwriters pursuant to their option to purchase additional Depositary Shares to cover over-allotments, if any.
Besides, WHAT does this have to do with WMIH?
J P Morgan Chase & Co.
34,000,000 DEPOSITARY SHARES
EACH REPRESENTING A 1/400th INTEREST IN A SHARE OF
6.70% NON-CUMULATIVE PREFERRED STOCK, SERIES T
for payment, non-cumulative cash dividends based on the liquidation preference of $10,000 per share of the Preferred Stock (equivalent to $25 per depositary share).
34,000,000 times 10,000 is 340,000,000,000.
Prospectus Supplement JPMC
Date Filed: 6/16/2016 Court Docket: #12263
Document Name: Certification of Counsel /Notice of Compliance by Certain Litigation Tracking Warrant Holders with the Order Enforcing the Court's Findings of Fact, Conclusions of Law, and Order Confirming the Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of The United States Bankruptcy Code (related document(s)[12260]) Filed by Stephen Rosenbaum. (McLaughlin, John)
NOTICE OF DISMISSAL WITH PREJUDICE
All Plaintiffs - Stephen Rosenbaum, Frank E. Williams, Jr., Eric Wagoner, David Eidelman, Ian MacKenzie, Carolyn MacKenzie, Marsha Schniedwind, Michael Kovens, Arthur Wasserman, and Adam Shapiro - provide notice that, pursuant to Fed. R Civ. P. 41(a)(1)(A)(i), they hereby voluntarily dismiss all of their claims against Defendant JP Morgan Chase Bank, N.A., with prejudice.
I guess the judge lied on that 2 week dead line notice.... the 2 weeks is up haven't read anything that took place.
Expect something to hit soon($10-20B), and eventually well north of $50B will come back to escrows.
Common sense would dictate that if there was some "amazing news"(i.e. - M/A) to be shared at the Shareholder Meeting they would HALT the stock prior to the Webcast.
So now that we know that PR can come in the form of a Webcast. They could drop some amazing news on us. Excited!!! in a nervous way.
Has everyone mentally prepared themselves to be rich, tomorrow? LOL!
Did the court believe him? Hmm?
Well I guess DR. A== a renowned economist was just plain wrong according to you. I believe I would rather believe him over you though. THANK you for your input!
Are you sure you mean WMIIC and not WMILT (WMI Liquidating Trust)?
Why did WMIIC (WMI Investment Corp) pay WMIH's Alvarez & Marsal bill this last quarter?
Why has WMIIC been paying this $500k bill every quarter since 2008 as approved by
BK judge Mary Walrath?
WMIH is listed on the NASDAQ with real SEC reporting requirements. WHY is the MATERIAL fact that a third party (WMIIC - non SEC reporting), paying WMIH's A&M bills not being reported to the SEC by WMIH?
Hmmmmmm, a lawsuit indeed......this is critical information being withheld to investors in WMIH stock. IT is time or else.
Mr Simpson, glad someone is informed here!
It's amazing to me how people twist and turn on these boards to suit their narratives. Either they don't know the facts, or they tell "mistruths" to bolster their arguments. Either way they provide strong disservice to those trying to educate themselves on these boards.
Tepper has 850,000 Ps. Couch change?
I dont know about how rich you are but to me thats a lot of couch change.
Your words were marked. How's HRNF working out for you? LOL!
MARK MY WORDS!!!!!! THIS STOCK WILL COME BACK!!!!!!!!!
How well are you doing in HRNF? Patience is the key. LOL!
HRNF - I Sit on a nice little position. Have no intent on taking any losses or write-offs.
Like many targeted OTC Pinks, there is more to the utter collapse than Mike selling shares.
Patience will be key.
Never play with money you can't afford to lose, or have stolen from you by a group of collaborating FINRA market participants/members.
Good Luck!
I know the difference and i'm sure (more importantly) that Fairfield and Gallagher know, as well. Straight up - do you believe that at some point a "Qualifying Acquisition" will take place? I'm sure i don't need to tell you how the Company (WMIH) defines a "Qualifying Acquisition".
Note that I said, ... "Target Acquisition" ... NOT' ... "Qualified Acquisition" ... does everyone know the difference ?
Your answer lies within the title header of this link. It's not difficult to understand..."Why no nose dive here"
As usual you're absolutely brilliant and a mathematical genius. LOL!
3.5 billion shares X approx $2.30 = $8.00 a share escrows
That press release speaks for itself, it's clear. I'll let others decide for themselves where the misconceptions are coming from...or whom.
...last post for today
review that press release again, ... only this time only read what the text actually states, ... do not read anything or any pre conceived misconceptions into it' ...
Clearly the WMI Liquidating Trust sees things differently. Who do they think they are to believe that THEY have a higher voice of authority over yours?
"As stated above, the Escrow CUSIPs were established for any potential distributions of shares of WMIHC common stock. The only source of common stock available for any such a distribution would be from the 2.9 million of shares remaining on deposit in the Disputed Equity Escrow. Specifically, the Escrow CUSIPs do not, in and of themselves, entitle their holders to any possible future cash distributions from the Trust, WMIHC or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank).
The Trust will issue Liquidating Trust Interests to WMI's former shareholders if the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to pay-in-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22, and if a shareholder satisfied all conditions applicable to receiving any such Liquidating Trust Interests."
http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html
... and, of course equity classes 19 & 22 placed in Tranche 6
I have been stating this for a number of years now, ... a value for stock event' ... now possible with the increase to WMIH's 3.5 billion shares ... (WMI Estate Owners Value ? - for WMIH-Corp Shares)
Tranche 5' ... Class 17A ARE NOT going to be issued LTI's
Tranche 5' ... Class 17B ARE NOT going to be issued LTI's
Tranche 5' ... Class 18 ARE NOT going to be issued LTI's
So, ... as I have been saying' ... Neither is Tranche 6' ... going to EVER be issued any LTI's
???
JPM is a major holder of stock/escrows in WMI
Something is surely happening now behind the scenes.
The trading action proves it for those who watch such things!
I will not predict "exactly" when but no doubt we are ready for something based on retailers impatient bailing and big boys accumulating all they can get their hands on in this trading range we are in.
I agree with scrivener, lg, csnybop, and our good friend azcowboy in everything they are saying. listen to them and you'll get great clues as to where this is headed.
IF there is to be a May 1 distribution of shares to escrow holders we will know any day. IF there is an MA deal in the works we will know in May prior to the meeting.
Do you have a specific date in mind when you say "pretty quickly"? Would you say that this 24B should hit sometime "soon"?
The $24B should hit pretty quickly IMO.
Sorry, i don't kiss arse nor do i have my nose stuck up anyone's arse either. Where's that Dell payment for a portion of WMIH's NOLs? LOL.
Last post for today...2 post limit.
Hey Reiko, you can kiss my Royal arse. Do you forget that gs had a feduciarly responsibility to sell wamu, one word fraud
Could you please explain why you believe that Goldman Sachs would possibly make any payment, whatsoever, presumably towards our escrows when they weren't even a party to any acquired WAMU assets?
An example of posible payment just from one of the Banks that will be paying it. Find one and use as a model. We will not see until The DTC wants us to IMO. This is just a piece of our payments and was also happening in March and believe we should see those in March at any time. Keep a look out.
SUPPLEMENTAL PLAN OF DISTRIBUTION
GS Finance Corp. expects to agree to sell to GS&Co., and GS&Co. expects to agree to purchase from GS Finance Corp., the aggregate face amount of the offered notes specified on the front cover of this prospectus supplement. GS&Co. proposes initially to offer the notes to the public at the original issue price set forth on the cover page of this prospectus supplement, and to certain securities dealers at such price less a concession not in excess of 5.00% of the face amount.
In connection with the initial offering of the notes, the minimum principal amount of notes that may be purchased by any investor is $1,000.
We expect to deliver the notes against payment therefor in New York, New York on April 29, 2016, which is expected to be the second scheduled business day following the date of this prospectus supplement and of the pricing of the notes.
In the future, GS&Co. or other affiliates of GS Finance Corp. may repurchase and resell the offered notes in market-making transactions, with resales being made at prices related to prevailing market prices at the time of resale or at negotiated prices. GS Finance Corp. estimates that its share of the total offering expenses, excluding underwriting discounts and commissions, will be approximately $ . For more information about the plan of distribution and possible market-making activities, see “Plan of Distribution” in the accompanying prospectus.
NASDAQ | SEC Filing
SECFILINGS.NASDAQ.COM
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001104659-16-109822%2Etxt&FilePath=%5C2016%5C04%5C05%5C&CoName=GOLDMAN+SACHS+GROUP+INC&FormType=424B2&RcvdDate=4%2F5%2F2016&pdf=
As i've said, the first step is for YOU to prove that the FDIC-R received cash and assets of 151 billion. Until this proof is established there's no reason to believe this to be a fact, as you're clearly indicating.
bkshadow= I am still waiting for PROOF that the 151 OFF BALANCE cash & assets that are at FDIC-R are not being carried the same way they received,=OFF BALANCE, as OB does not have to be reported!
So, you're saying your proof is from some "poster on Yahoo"? LOL
By the way, the document for this claim that you're referring to has been posted here more than a few times, which you are completely misinterpreting it.
IF not at FDIC-R, where are they??? Just did not vanish in thin air?? A poster on Yahoo posted that R was carrying as a CLAIM, DON'T
know how accurate claim is!!
The first step is for YOU to prove that the FDIC-R received cash and assets of 151 billion from JPM, presumably - WAMU assets.
Where can one find, as you've stated many times, the statement that JPM shed [151 billion WAMU OFF BALANCE CASH & ASSETS "to meet new banking regulations"]?
What filing? 10-Q? 10-K?
What is the date of the filing?
More importantly, what page number.
In the past you've pointed to the R-203 attachment in JPM's 2014 10-K as proof. This is not proof. Nowhere in the R-203 does it have such a statement.
So, i'll reiterate...
What filing? 10-Q? 10-K?
What is the date of the filing?
More importantly, what page number.
Where can this statement be found?
Thank you
bkshadow, have you ever been to PROVE 151 cash & assets that FDIC-R received OFF BALANCE, are not carrying the same way they received ==OFF BALANCE????
When is the WMILT going to pay our escrows from the sale of a portion of the NOLs they sold to Dell, right, Dude?
First of all, i highly doubt there is 151 billion sitting at the FDIC-R just waiting to be returned to us. There is NO PROOF OF THIS!
Now, just for an illustrative purpose ONLY...
The 151 is LESS EXPENSES DR. A PROJECTED 86 BILLION, I am a little more conservative,== 30/60 billion.
You'll be just as correct on this as you were on your "Dell" predictions.
The Reorganization Department/ Corporate Bonds/Notes, WFC, GS, JPM, DB, KKR, CITI
From:
To: The Reorganization Department/ Corporate Bonds/Notes, WFC, GS, JPM, DB, KKR,
Sent: Wed, Mar 23, 2016 10:34 am
Subject: Payments of Wamu Escrows
To whom it may concern
I have been following the issuance of new notes and bonds for several months because I believe that a portion of our escrow accounts will be given as a settlement for our Washington Mutual preferred and common shares. Our past Wamu boards for Wamuq and current WMIH BOD has been silenced and I believe that you now qualify as having a fiduciary responsibility as owner of "The Notes". As a recipient of this payment, I would like to request a direct check to be made to me as a request for payment and bypass "The Notes" Or redeem the notes and send the proceeds. I have accounts at Schwab and TD Ameritrade and would give any other additional information as need. Thank you for your consideration to this matter.
https://www.kcgbondpoint.com/docs/newissues/finalReport_2016031511005808.pdf