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.
Boris
Looks like a buying opportunity to me!
Take Care
David
investorhub123
Any guess on how the 2.9 mil will be split up. say 8000 escrow holders into 2.9 mil? jus sayin
Take Care
David
tcr
You are giving a trustee way too much credit for seeking out the truth during court proceedings. Hell, the auditor could not determine the value of the assets, let alone a trustee coming up with the goods!!lol
Take Care
David
tcr
Do you have escrow shares?
Take Care
David
tcr
It wasn't that easy. And,btw, the big boys were never going to let on that the assets of WMI were, well, HUGE. Since that would have thrown the action right back at the FDIC for the illegal taking.
Take Care
David
investorshub123
Good observation! that is exactly why we are retail and they are the pros. They were looking for a cushion to fall back on if market conditions went against them. They are ready to go now, IMVVVVHO
Take Care
David
BBANBOB,
No problem. What are the 2200 addresses? You don't get off that easy!!lol
Take Care
David
BBANBOB
Let's simplify. The address for every bank branch is known. The county seat is where the property is registered, The name of the owner of the property is shown on the warranty deed that is registered at the county seat. It is available upon request. I have requested the name on a warranty deed a few times and always received a reply. You can also do a title search if you are looking to by the property.
In the case of the bank branches, given the property address, anyone can find the owner of the property. Of course, you have to do this for 2200 properties in the case of WAMU/WMI. Hardly a MASSIVE undertaking.
Take Care
David
fwh
Really a simple matter to go to the courthouse where each branch bank resides and see the name on the warranty deed. Even 2200 wouldn't take very long. Holding companies typically have the land and brick and mortar in their name. Does not matter then if the business entity domiciling in the B&M goes belly up and has debt as a sub, the holding company retains the asset.
The holding company takes advantage of the depreciation and appreciation of the value of the asset, not the business entity that occupies the B&M.
Take Care
David
EX
Who owns the MBS? If you cannot answer the question qualitatively your scenario is somewhat tainted.
Take Care
David
es
A little presumptuous on your part I think. Do you know their job?
Take Care
David
BlueeFoxx
Don,
Just wondering as I wanted to continue my purchase of WMIH and anticipate a substantial increase in share price once the acquisition announcement is made.
Thanks for the reply
GLTY and GLTA
Take Care
David
BlueeFoxx
Don,
Are you sure about the acquisition need by 7/5/2015? There seems to be some question about that date.
Just sayin! lol
Take Care
David
WAMULICIOUS
Thanks for the research.
It is all coming together now. It will take time, of course!!lol
Take Care
David
WAMULICIOUS
I like your pick also.
Take Care
David
WAMULICIOUS
We'll see. CPMK has been acting squirrely for months. They are my pick. Do you have one?
GLTY and GLTA
Take Care
David
RD
Agreed. The merger does not require funds and immediately provides a larger company to leverage. One step at a time. These boys are experts. We are not! Many posters on this board and the other board need to get that fact thru their thick heads! lol
Take Care
David
JB
WMIH is not going to tell anything until the time is right. Live with it.
Take Care
David
Sid,
Wonder if the dr has offered it to any of his patients. Also, please be aware of sweet deals that the drs have with the big pharma. mnkd cannot depend on the drs to voluntarily prescribe their product, there will need to be a lot of word of mouth advertising between patients that will filter down to the Drs for inhalers instead of syringes and bottles.
Take Care
David
biblbit
Just looking around myself. Hey, I came upon an interesting play just recently. The stock name is Mannkind, MNKD. Makes an inhaled insulin and dispenser. Do some DD. Stock has moved up recently but seems to have a long way to go ,possibly,lol. The doctor that founded the company has other companies that he has started up that have done well . Good track record. With the epidemic in diabetes around the world and millions up insulin dependent diabetics(my brother is one) MNKD may be a good speculative pick.
Just say'in.
BTW
Hope CORUS is still in play.
Take Care
David
SC777
So what's the problem with KKR purchasing ANVGQ if it means that the share price increases?
TIA
Take Care
David
investorhub123
You also receive 20 wmih for each P, not sure for the Ks and Us?
Take Care
David
investorhub123
I am checking the amount of markers I should have in my Scottrade acct.
I released 50 Ps, 500 Us and 20 Ks
How many markers and WMIh shares should I have?
The amounts are an example only.
TIA
Take Care
David
LG
CPMK and WMIH merger soon,imvvvho. CPMK very lightly traded for the past few months except for come large institutional trades. Each will have 600 mil market cap, which is where CPMK is as we speak and where WMIH will easily get to. Then the $heet hits the fan. Maybe this weekend or next or next. Don't really care. Lock and loaded for some time now. But I keep buying anyways.lol
Take Care
David
Thanks Phil
Very impressive attorney in court.
Take Care
David
drrugby,
I remember the DIME attorney was excellent but had to go by the decision of JMW. What was the attorney's name? Glad it worked out for the DIME holders. I was going to pick up some DIMEQ but never did!lol
Thanks for the opinions. Keep them coming as we move down the stretch here.
Take Care
David
BlueFoxx
Don,
My gains in Ps(and they were substantial) were made with the aid of the old Yahoo board without question. Need I say more?
GLTY and GLTA in the upcoming really exciting weeks ,I hope!!lol
Take Care
David
Stockminder,
You have the one of the best law firms in the country representing the EC. You should feel fortunate. Typically the cards are stacked against equity surviving in BK court. Susmann might give you just the edge you need.
Take Care
David
Tool Power
Look at the slope of the Accum/Dist. Probably another double digit increase tomorrow.
Take Care
David
Uptick
There is no reason to believe it will not.
Take Care
David
Boris
I already have credited them. BTW, WMIH and CPMK are going to merge. Same market cap going into this weekend. ALL imvvvvho.
Take Care
David
Stockminder,
I am new here. Assume the Plan of Reorg is still being hashed out?
TIA
Take Care
David
the pyramid,
My take is WMI owns brick and mortar and land for all subs including WMB. WMB used the office space as would any other business enterprise that was acquired or chartered by WMI. WMB was not doing well in 2 locations . Glacier came along and inquired if the two sites were for sale and WMI complied. Or WMI might have approached Glacier with an offer. Simple enough for a holding company.
Take Care
David
The Yogi,
And of course the proof of ownership of the land is at township or county Registar of Deeds, after all.
Take Care
David
boarddork,
Standard practice for many holding companies. The brick and mortar and land are owned by the holding companies. If one of their businesses goes belly up, they can either move in another business or sell the property and the store. They do not want to be tied into long term leases. No reason to. Many of the problems K Mart had were caused by their use of long term leases for the land their stores sat on and the high prices they were paying for those leases. Also did not allow them to expand their facilities when WalMart came on the scene because they didn't own the land. Just my 2 cents worth.
Take Care
David
Stockminder
What is the "Effective Date" or is it to be determined?
TIA
Take Care
David
wowalters
32B minus 8B equals 24B
Take Care
David
gg4
The escrow shares would be part of your father's estate, in my opinion. The escrow shares would go to the survivors, again in my opinion.
Take Care
David
Royal Dude,
200 mil outstanding for WMIH, 100 mil outstanding for CPMK. Looks like a standoff to me !lol
Take Care
David
MR S
This announcement date by CPMK is not a coincidence,imvvvvho.
Take Care
David