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UpTick
And you as well! This movement of CPMK in the last few months is too timely to be a coincidence ,imvvvvho.
Take Care
David
UpTick
That plus other parts of CPMK might be of use to WMIH. In any case, this CPMK is and has been very lethargic for some time and seems to be waiting for some type of action. I like the looks of a merger here, imvvvho.
Take Care
David
JWW
Just a quick comment/questions. Why are we to believe anything Rosen says? He is basically a lying little scumbag and has been for the last 6 years and is part of a very corrupt law firm.
I feel better.
Take Care
David
Go WMIH!!
GLTA
Uptick
What buyout?
Take Care
David
beta
Just chugging along with WMIH like others on the board. Have a few markers. Still working in my sixties(like to keep busy).
How are things with you?
Take Care
David
beta
Is that all fund buying since CPMK is over $5/sh?
Take Care
David
biblblt,
Just wondering. I was going after Scottrade again to put my CORSQ shares back in my account. They have redeemed them twice now. Will have to get FINRA after them again!lol
Take Care
David
lmatt,
In plain English what are they talking about here?
TIA
Take Care
David
gjw46
Posters are free to give their opinion of the content of "official" documents. That is what the MBs are to some extent all about. If all posters agreed with your version of the conduct of MBs, there would most likely be no message boards.
Take Care
David
tanj
Sorry for the double post. Keep up the great DD
Take Care
David
tanj
How about April 15, 2015 tax day?
Any relationship to this announcement?
Take Care
David
tanj
Does April 15, 2015 come into play here?
Take Care
David
BBANBOB
I think it is thin. I bought 4K in four smaller trades and 5100 in another 4 smaller trades. That has not happened to me in this stock.
Take Care
David
bkshadow
Well
The fact is that shareholders of WMI were given a choice to release their shares for the opportunity to receive escrow markers and also receive shares in a new reorganized company. The reorganization plan gave specific information for the shareholders to review. It would seem to some interested parties that we are getting close to various milestones that will provide an outcome brought about by the reorganization plan(not a fact, purely an observation). Let's all let this play out in the orderly fashion in which it will play out according to the people in charge of its fate .
Take Care
David
BBANBOB
Agree that WMIH cannot by them at the present time but possibly later when some M&As have been completed. Just a thought.
Take Care
David
es1
That's the spirit! About time all the posters and lurkers sound off on the coming revelation which is the status of the escrow payouts from the estate going forward and the geginning of some very exciting times for our new company WMIH or whatever it may change to in the future!
GLTA and God Bless America, WMIH and our escrow accounts!!
Take Care
David
BlueeFoxx,
Don
WMI assets in BK were 32B.. WMB(The banking sub of WMI)assets were of course much much more. I see WMB and WMI being bandied around so frequently on the boards as being interchangeable which of course they are not.
Take Care
David
BBANBOB,
Bob,
Something has been bothering me during this long process and that has to do with the way holding companies treat their subs. I know you have a great knowledge of the workings of holding companies. Mine is limited to my finance classes in my MBA program. I thougt that in most cases the holding company holds title to all the real estate the subs sit on while doing business if that in fact where they are doing business. You can appreciate that this allows the holding company to be free to deal with the brick and mortar separately if the sub goes belly up for any reason and further more the real estate has real value for the holding company. The additional value to the holding company is of course the tax consequences which they can use to their advantage.
I only bring this topic up because it goes contrary to the normal makeup of a holding company to have real estate in the hands of the subs.
And also BTW the holding company gets the profitsfrom the subs, don't you know!!lol
Take Care
David
tj
Many thanks.
Take Care
David
fwh
The majority of large corporations are incorporated in Delaware. There are numerous advantages which have been stated on this board.
Take Care
David
investor123
Before
Take Care
David
BBANBOB
Amen to that .
Yes, we all know about this but no one else will!!!
Take Care
David
hotmeat
Many thanks for the breakdown. You too LG.
Take Care
David
LG
How many escrow markers are outstanding?
Take Care
David
bk
Most things associated with the outcome for WMIH and the escrow shares are a mystery.
BTW thanks for the chart. Obviously the blue shaded areas idetifying WMI assets have interested shareholders thru BK and also post-BK. Can you show thru court documentation the disposition of the assets for all subs in that category?
Take Care
David
bk
Unreadable and text to small. I remember this way back when. Was vary interested in the listing as were many others in the early stages of BK. So what happened to all of the assets of the non-bank subsidiaries? Answer: The FDIC has them.
Take Care
David
ora123
Well, yes and this was brought up a long time ago as far as records of the transactions of WMI was concerned. However when you had the wolf(WGM) in charge of the hen house, everything that should have been exposed was not )on purpose). AIMVVVVHO.
I am not retired. Choose not to. Congrats on your early retirement!!
Take Care
David
bk
Which are the non-bank subsidiaries?
Take Care
David
BBANBOB,
Bob.
My point was directed to the fact that large holding companies(WMI was one of the top 50 holding companies in the US by assets, I have an article which gives a summary of a few of them including JPM, ca.2012) have a ton of non-bank subsidiaries., the assets of which will become apparent in the near future,IMVVVVVHO.
Take Care
David
BBANBOB
Bob
I know that per your comments you are well versed in the structural makeup of a holding company why they are in business as such.During my business classes for my MBA, we discussed the finer points of holding companies
One thing that stood was that the holding companies were setup to own all the assets of the subsidiaries they owned. They would pay taxes on the brick and mortar assets. A holding company would have assets such as real estate holding that would be income producing and the holding company would again pay taxes on them. Any non-banking sub(of which any holding company the size of WMI would be numerous) would be the property of the holding company. The tier structure of WMI included bank and non-bank subs.
I wish I payed more attention to my education when the discussion of escrow first came up. I have a few markers but would have increased my holdings substantially when I had the chance given that in my opinion the FDIC was well aware of the taking from WMI and so is SG.
SG will have no problem seeking recovery of assets from the FDIC., if that is what it comes to.
Tic,tic,tic......
Take Care
David
wamugold,
I am doing the same thing. I am maxing out my Roth 401K this year as quick as I can to purchase more WMIH as soon as I can.
Take Care
David
Boris,
Any WAG at the capitalization?
Take Care
David
Donotunderstand
Good catch. Ithought so to but was going by a previous post.
Thanks
Boris
GMAC was the credit arm of GM and very profitable for GM for many years, same way that Ford Credit was for FOMOCO.I can see CPMK being in play.
Take Care
Dvaid
Boris
Using the LBO strategy further adds to the margins.
Take Care
David
lmatt
That's the spirit!! Never say never.
Take Care
David
BBANBOB
Bob
I don't put SG in the same room as the crook Rosen. SG was very frugal with their invoices during BK and now. I would anticipate they would follow the same path with the litigation trust.
Take Cate
Dvaid
PickStocks
Don't we have a litigation trust with $10 mil in hand to bring home the bacon should the FDIC balk at ponying up to the bar with OUR money?
Take Care
David
PickStocks
The FDIC-R had had 6 years of research. They KNOW the holding company assets,IMHO.
Take Care
David
pm
IMO, the FDIC-R still has former-WMI(holding company) assets that need to be addressed as far as the waterfall to different classes is concerned.In other words, the FDIC-R needs to settle up with the interestd parties on the other side of the fence.
Take Care
David