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........Cusip 913201109.............................ROCKET LAUNCH............
...bigtime......................no worries 'bout the details.....read it here FIRST...................probably only venue with any CRED..............................
...relatively certain USB is moving COLORADO NATIONAL BANK............
...hopefully via a merger with uwbi..............the BK rule 510(b) is in place, the IRS 382 certifications with dollar amounts are filed, we believe....................USB is waiting on approval from the SEC for a waiver to enable USB to allow securities to be issued to facilitate the financing of an asset (subsidiary).......
...heard guy a. gibson is sittin' in a banker's chair in a bank building at 700 17th St., Denver CO............wonder what that's all about...........????........
...the FDIC has written in public journals about how a BHC's NOL has value but only from the assumption of the BHC's LOSSES........which the FDIC controls (????)....etc..........ad infinitum........(most of which are in WaMu legal postings).....
...clearly numerous filings were made directly into the uwbi BK under seal.............but not one peep from Claimants which is unheard of in most bankruptcies of any kind, imo..............
...there might be some variances to the LARRY THEORY OF RELATIVITY (3rd party buyin' the NOL - merging with uwbi, or a cash transaction, for example).......but WE - WE are much better off with the circumstances that are unfolding than WERE NONE OF THE AFOREMENTIONED in existence................there is 'smoke' 100% and probably 'fire'...........................aimho........
.....COLORADO NATIONAL BANK, per the FDIC call reports, is losing over $100K PER MONTH..............!!!!......
...but the income and expense reports are a little out of wack, in my professional opinion.................a $72MM, in assets, bank that is only about 52% loaned out = a FREAK, imo..........not a viable BANK..............
...point is: COLORADO NATIONAL BANK needs to be absorbed directly into U.S. Bank branches, SOLD, or spun off with new capital injected................ABSOLUTELY NO CHOICE HERE, imo, for the parent company........and the FDIC 'regulates' banks like this one......really.....?????...........
...am I hinting that COLORADO NATIONAL BANK should merge with uwbi and inject the NOL-sale capital (after the BK payoffs) into the new bank via the new bank holding company..........???????.......
...F/-..........YES................classic BANK RECAP......and I've been doin' this for 35 years.....................perfect 'arrangement'.................imo.................
...QUACK for the nice ladies, larry..............LOUDER........do it again..................once more................very cool.........
...COLORADO NATIONAL BANK...............I just love sayin' this............
....COLORADO NATIONAL BANK is definitely in play............and hopefully, is merging with western united savings and loan holding company........
...(as an aside, Colorado National Bank is losing about $20K+ per month, we estimate...........such a small bank cannot earn a profit because the core critical mass is too small to carry the overhead.......just a business observation - - we will correct the problem very soon).......
...nicole did say the website and signage and lots of "other stuff" are being upgraded.........................and per nicole, guy would rather not allow a pic of him in a chair that we wanted to transpose in front of 700 17th St.......and post on the INTERNET/denver business journal website.....with the "temporary" Colorado National Bank sign backdrop...............
...and the silence in the BK CT is deafening.............nary a peep.......and kimmy's mailbox is perpetually FULL..........probably stuffed with gummy bears.............................but silence is a good indicator, nonetheless..................
...going with the uwbi/Colorado National Bank merger...........just feels right..............................and gets us about $3.50 p/c....+/-.............very cool......................
...aimho....................heard larry's not speaking to any LUNATIC posting rumors all over the internet......................
....no insights on TIME FRAMES........but the SEC filing, imo, is just a formality..............
...the IRS and OCC and FDIC are riding a pile of legal docs, I assure you..............and USB is very, very thorough...........
...and we have the BK CT which still holds the highest level of authority over ALL ACTIONS in any way related to uwbi..........
...but IF.....IF....we know that some kind of 'TRANSACTION' is progressing.................doesn't matter WHEN the deal closes.......at least to me................$3.25+ per.....and knowing that the FDIC is running the SHOW........no worries......
............COLORADO NATIONAL BANK..........just cannot say this enough..............................aimho.........
.....agreed.......perhaps only two CUSIP-holders remain.............or three.......me, you and Mr. LGL...............
...even if we do get WIPED OUT.................guy sittin' in a bank at 700 17th St...........................= redemption, regardless.........BIGTIME, symbolic-ly..............
...the USB merger spinoff into uwbi with the creation of a new bank holding company...........HAS LEGS...........bigtime.......granted that I bought in to the frankie holding settlement and was WRONG.......but this COLORADO NATIONAL BANK settlement theory......ROCKS...........
...I'm an impressionable LAD........however...........COLORADO NATIONAL BANK........RAD COOL......................aimho........
...and off the record (ahem!!!!!)........the brandywine sippers are holding up a TOAST.............to all uwbi CUSIP-holders..........................tingle.........oh yea!!!!!!
2014 2013 2012
Net Income (15,595) (26,153) (6,735)
......what's the fair value of each share: $0.00
...REALITY...................straddle this mule.............
................so, do we have the SEC on board..........???????.....
...certainly...............FDIC is running this PROGRAM..........
File No. 812-14404
Filed on June 4, 2015
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
In the Matter of the Application of
U.S. Bank National Association
FIRST AMENDED AND RESTATED APPLICATION FOR AN ORDER
PURSUANT TO SECTION 6(c) OF THE INVESTMENT COMPANY ACT OF 1940
EXEMPTING THE APPLICANT NAMED ABOVE
FROM CERTAIN REQUIREMENTS OF
RULE 3a-7(a)(4)(i) UNDER THE ACT.........
...read the app.......makes reference to an entity within a bankruptcy involving ABS and accommodations therein..........
...............................works for US - US..............
...COLORADO NATIONAL BANK.....................does that sound SWEET or what.....??????.........and it's mine.......ok, OURS..................nice...................aimho.......
..........COLORADO NATIONAL BANK....................................
.....definitely in play.........hope the action is related to a merger of sorts with uwbi.....
...ain't nobody talkin'.......'cept for a "couple of idiots on the internet"..........wonder who that could be...............??????................
...we 'like'............................a lot...................
.......DELIST.........................BK..........................
...den wat will the stock trade at................2.5 dirty pennies per share........................
...the company LOSES money.................profusely..............
...a failed business model...........weak management...........NO HOPE.................grab a part of your anatomy and GET OUT OF DODGE with at least two state quarters...................
...that RED SUN is nasty stuff, btw..............bought a pack for $6.50 and smoked one..............................tasted like a regular Marlboro from a red, flip top box.................??????...
..aimho.....................ain't gonna make any money off of this stock.................sell the Oct. '15 $1 calls and try to get a quarter...........................FREE MONEY............
...our peeps are in deep study of some USB filings............gotta respect quiet periods and other laws of the land.......looks to us like USB formally obtained FDIC/SEC approvals to transact a 'securities' TRANSACTION inside an obscure BK......?????........
...just observing, larry...............and the bank and finance reporter for the Denver Business Journal......ms. monica mendoza.....MMendoza@BizJournals.com...............nice gal who knows what is or is not going on relative to western united savings and loan/COLORADO NATIONAL BANK........................
...all prospective investors are directed to complete thorough due diligence before buying or selling "listed" securities.............hello...........?????.........
...any of you nice gents have an aircraft than can bring 4 of us down at the Salty Approach..................??????........PM.......
...700 17th St....................................us...........
....gotta get lotsa regulatory stamps before the fdic gives guy the keys to COLORADO NATIONAL BANK.............................
...no probs.....done deal, imo.........some minor details for the devil to grammar out...........
..................Cusip 913201109.................................
...fred q. scott BELIEVES he cracked the CODE.......................
...we will soon find out if she is correct with the PROGNOSTICATIONS...........only one I've read hereon that has CRED...........
...wonder what guy and larry and nicole BELIEVE..........same story as marty............................
...COLORADO NATIONAL BANK.............beautiful...........cannot say this enough to myself..............gotta drive by 700 17th St........up and down all day long................'til guy breaks the NEWS........great location and the building radiates a very POSITIVE vibe........
.......dunno how THE NEWS or any news gets disseminated.......uwbi BOD.....(?????)..........SEC..........BK CT..........even COLORADO NATIONAL BANK itself might issue a news release............or via its parent, U.S. BANK...................FDIC could, but will probably hide and claim no association even though the FDIC wired up the entire 'arrangement'.............imo..................
...also does not matter WHO BLOWS THE HORN...............just blow the GD thing....................TYIA.........................
...gonna miss scot, wil, wil's wife, ldk, fred (dude is messed up - BIGTIME)..................mikey, jimmy................but all is well that ends well.................and ends with fred gettin' $3 per on his cusips........F/ all else......sorry............
...tootle....................cocktails are cumin' earlier and earlier.......................might become breakfast soon........
...not affirmative..................slight interest in a board seat but the conditions must be desirable...............even though uwbi cusip jockeys will control the majority of the NEW stock......the BOD might remain comprised of the old Palisade group and a token FDIC member or two.......................just M/O...............
...Mr. LGL would get my proxy vote to be a new board member.......
...guy is already deep in to COLORADO NATIONAL BANK........
...all systems GO.........................
...put a Honus Wagner baseball card in every pack of Red Sun.......
...still won't sell none.....................
...only force keeping the stock s/p from collapsing are the options.............those are fading fast..................
...the captain of 22-C, Trader Joe, jumped over-board FIRST............not last..........................smart dude.....................
...nicotine addicts need to quit cold turkey...................400,00 will die this calendar year from smoking-related causes....................mayhaps the HAMMER could divest into the funeral business...........................
...aimho..............
.....call it 15MM shares of CNBCI (sample new symbol)....priced initially at $6.25 p/s.........
...grow the new bank...............onward.................
...COLORADO NATIONAL BANK.....is that the coolest name of a bank in all of ameriKa.....??...
...and the new-to-be vice chairman is already on board.........getting acquainted.........................
...just gotta get the motor wired up.....................aimho......then we can take back HALF of those nasties we made about ldk.....................
....ingenious settlement, imo..........in the event the fred q. scott theory of relativity is true and accurate.............in concept........................
...merge with uwbi......capture the NOL...........inject capital into a new bank holding company............the uwbi cusip stock is actually cancelled and merged into the new stock - - per rock solid SEC processes......................
...we will own shares of the holding company which owns the charter for..................COLORADO NATIONAL BANK...............
...simple, clean and appropriate..................imo..........
...onward...................
....GREEKS don't smoke that low nicotine MULCH......no one does...........
...nicotine addicts want MORE nicotine......NOT LESS.........and the nicotine delivery system of choice is the e-cig........or vape pen.................
...buggy whips and 8-track tape players have lots in common with 22-C's OBSOLETE cancer sticks.........................deal with it.......
...this roadkill s/p will trade well under 40 pennies by 9-1-15...........I am not a basher.........................but when a stock like 22-C has folks like me hanging around.............................not good......just sayin'................................aimho.......................
...specific DETAILS are NOT significant...............................
...the uwbi NOL has value to a 'like' entity, per IRS 382.........and proceeds will filter down to uwbi shareholders, per BK rule 510(b)........REALITY, not conjecture.....................
...does not matter whomever buys/merges with uwbi...........USB would be ideal because USB would only involve ONE BIG TRANSACTION and the merger proceeds would flow into a new bank holding company CAPITAL ACCOUNT..........
...COLORADO NATIONAL BANK...................with a fresh $80MM in capital and a new bank holding company - who's shareholders is US - US........very cool....................
...and, assume 1 share of CNBCI for each share of uwbi cusip sludge..........that way, the initial s/p would be +$5.00.......and probably around $6.00 or $6.25...................aimho.............
...BANK ON IT.........................
....Premier Bank was seized Friday.......only $30MM and did SBA loans....................tiny specialty lender but guy is doing SBA loans at present, for................
...COLORADO NATIONAL BANK...................whatever dat is......
...might just be yours, mine and OURS - OURS.............
...can this western united NIGHTMARE get even more strange........?????.............probably, because we don't even know the terms of the 'arrangement'..................
...btw, larry, wat waz the 'arrangement'............??????......
....................."doin' seals"................................
...ALONG WIT 200+ other filings/postings/submissions/pleadings.........ain't public.......and, we were informed, the POL itself can be mostly sealed and even the request to seal the POL is not made public.................
...remember, this is ameriKa where private property can be CONFISCATED without cause nor due process and the federal courts are not transparent.....................JOB KICKBACKS to gov't officials................no prob in ameriKa.............
...stamp the top sheet, tommy mac.................do it now, sir.................
...........CASE CLOSED..........................???????.............
...'claims' dudes with 'tudes, full of drambuie in cigar smoke-filled rooms.........no worries dare.................claim the claims are satisfied......?????.........no details and may never be any made public................ FDIC's "doin' seals"........very cool, imo.................some of us "did seals" in a previous life.............just sayin'.........
...whether we get any or not..........gotta like dat.......COLORADO NATIONAL BANK.................and we're back to the maroon with gold flake color schemes.................might be adjusted later.......
...COLORADO NATIONAL BANK.........................unreal.........although when heavy-hitter legal beagles are working on 7-4-15...........only POSITIVES are gonna happen.......................imo..............
.....agreed...........higher concentrations of nicotine DELIVERED in e-cig and vape formats..............not genetically-altered, low nicotine MULCH.......................on which we relieve ourselves (with a 'truck driver' application = 4-minute, gallon).............
...smart money will DUMP this rotting roadkill............or hold on and sell in Sept. for a dirty state quarter (Mississippi's) p/s.....
.......dead carcass bounce...................................
...these losers should try selling a product with a DEMAND generator.........weed......?????.........economics 101...........
............RED SUN = RED INK.................................
...aside from 22-C having a deeply flawed business model (nicotine addicts want higher concentrations of nicotine in the form of e-cigs and/or vapes)..........the company hemorrhages financially........loses money.........BIGTIME......no mystery with this offal......
...100% delusional FABRICATIONS......0% chance of being real........uwbi is DEAD......long gone..........
...output from a deranged mind.......similar to the plan once concocted by Benito Mussolini.............
.......USB math.................."doin' seals".......................
...IF....IF......USB merged its Colorado National Bank holding company with uwbi - however - usb put up $145MM in cash, lets assume.............and gets $170MM+ in tax credits..........a 'juice' of $25MM for doing the deal.............
...uwbi gets the $145MM, pays out $50MM to BK Claimants, $15MM to the FDIC and legal folks...................$80MM goes into the COLORADO NATIONAL BANK capital account.....................
...ALL PLAYERS WIN with the aforementioned..............why not make this deal.......????.....guy controlled 22MM shares of the 29.6 total outstanding......or 74%+.........and guy is happy......??????.......
...but at least the FDIC is "doin' seals"......inside the uwbi BK.....how weird is that.....?????.......or is that what larry was doing when visiting the seal island in south america.........?????...................
...rock on...............................aimho................
...USB owns Colorado National Bank..........per FDIC.........the bank was previously a small community bank with one branch in Palisade, CO..............................absolutely no mystery on USB owning the bank..............other than the bank expanded with a new branch in Denver at 700 17th St. and hired a guy a. gibson (???) to peddle SBA loans.......very small bank, loses money and has a canned website that Nicole said is under construction.....????
...end of story.............(the name was changed - but only a small formality - details in the Grand Junction, CO newspaper)..................
...WHAT SAY we get formal updates from both the Colorado BK CT......and the IR folks at USB........??????????...........
...SLAM................kimmy's message box is FULL..........and USB transferred US - US repeatedly to never, never land...........we are very sorry but USB does not know anything about Colorado National Bank................."never" heard of IT........<click>.............some law firm in the Midwest might know details - represents USB in Colorado...................<click>..........
...so much for that...................bank reporter chick at Denver BJ said she investigated and spoke with guy but that he didn't know anything about any merger or new bank..........he works for the NEW BANK......hello.....??????..........
...those crazies on the internet must be smoking too much weed again...............no merger..........no USB............no NOL monies...............no BK progress......................
...mayhaps the mofo is DEAD....................other than Wil's wife and fred q. scott...............nada..............so weird..........
..............IF........IF.........the FDIC is "doin' seals" in your little bitty, itsy bitsy, teeny weenie BANKRUPTCY............
...ALL GOOD......at this point WE - WE are totally wiped out........so we can only GO UP............
...COLORADO NATIONAL BANK.........................this has a regal air to it.....................WE LIKE...............and ain't much else we like about this western united DISASTER....to date.......
...FDIC and USB gotta be driving this TRAIN.................very cool, imo.............will we ever LIKE larry again.......????........possibly...........pull off this USB/COLORADO NATIONAL BANK deal and larry rocks..........
................uwbi BK POL holds all SECRETS...............................
...and as our counsel said 7-4-15.........they (whomever 'they' is) are "doin' seals" within the bankruptcy..................meaning we may never know what type of arrangement guy made with the FDIC.......
...as for 700 17th St...........................no coincidence guy is sitting in his new chair at that very location.........
...COLORADO NATIONAL BANK has the long-time management team in place.......................in a miniature, money-losing bank.....
...and USB can put up $150MM in cash, pay off uwbi claimants to the tune of $50MM, pay the FDIC fees (?), and contribute $80MM to the COLORADO NATIONAL BANK capital account at the FRB..........
...uwbi is cancelled and merged into a new bank holding company which assumes the charter for.......get this.......COLORADO NATIONAL BANK......................USB actually acquires uwbi and then spins it off...................neither larry nor I nor Wil's wife understand the paper chase...............who cares......????......
...CLOSURE.........................the uwbi cusip jockeys now own most of a growing bank..................has about $88MM in capital and will be over $400MM in assets in a few years......
...estimated s/p...............$2.75 to $3.00+..........
...happy ending..............................aimho.........
...CONTEST: guess the day 22-C trades below 50 pennies p/s.....me 1st....8/7/15 or sooner.....
...1.3MM chinese die each year from smoking...........3-times as many as ameriKa.............
...nicotine addicts ain't smoking watered-down tobacco cigarettes....e-cigs and vapes rule........22-C's mulch is not logical........BAD BUSINESS........
...own 22-C or make a romantic date with LORENA BOBBITT..........similar results will ensue..................
......NO ONE GIVES A DOGGONE.........................................
...probably time, then for the FDIC to sneak the 'arrangement' out of BK....................cloak the CLOSURE................
...works for ME...just make sure I get a chunk of stock in COLORADO NATIONAL BANK.....
...btw, I ceded from the UNION.......actually, I withdrew the Confederacy's surrender.......................and now, with any other states that decide to also cede from the UNION.......we will create a new union........a new sovereign nation...........Arkansas wants in, Colorado and NC are joining and California is a maybe...............Panama says yes and Cuba is definitely in............I'm drafting a constitution..........very cool stuff.................
.......many thanks for the feedback................................
...evidently/apparently, in order for the 'arrangement' to work, numerous moving parts must come together in perfect harmony..........we assume that means the 510(b), 382, NOL purchase requirements, stock conversion, FDIC guidelines/secrecy, NEW CAPITAL PUMPED into COLORADO NATIONAL BANK.........among others.......................BIGTIME red tape.................which is a very cool problem because it means the uwbi cusip jockeys are gettin' SUM...................lots.....
...WHEREFORE, Cusip 913201109 shareholders SHOULD get one of the following, imo:
...1. CASH.
...2. Cusip 913201109 in higher valuations.
...3. stock in a new bank holding company.
...4. stock in USB.
...5. other (stock in a 3rd party NOL buyer, for example).
...ok, we could get a few truckloads of weed and whiskey, but any or all of the above works for US.
...gosh we like that COLORADO NATIONAL BANK, however..........gimme some a dat...........a BIG CHUNK with another $80MM in fresh capital..............TYIA..............
...wonder if Scot and Wil and Mikey Mac and Jimmy got a chair at 700 17th St........?????.....
...USB owns Colorado National Bank.........................long story about how and why but the Denver branch was recently established..........guy and his assistant won't comment beyond hello and 'no comment'......former uwbi guys are all over 700 17th St. - we know this - our peeps visit on occasion, as well...............
...as for the relationship among USB, uwbi and Colorado National Bank..............buried in FDIC-authored documents and SEALED deep within the uwbi BK, we believe..........
...we went to USB and the Denver newsies and are ignored..........
...the driver of whatever ultimately happens is: the BK CT........even if all specific details are SEALED..........per BK laws in ameriKa...............tommy mac's gotta stamp the POL......................that will signal CLOSURE......be it WIPEOUT or $3.33 p/s worth of USB stock..........aimho....
........and no one cares................................................
...very appropriate for:..... western united seeds and stems savings and loan................
...want some MATH on yesterday's RUMOR/discussion point.....?????.......yes you do..........................
...simple solution to the western united matter.........dat be: USB itself merges with uwbi - via a CONSOLIDATED SCHEDULE - clean, satisfies claimants including equity shareholders to the tune of $100MM worth of USB stock.......whatever.................
...resulting s/p = $3.33..............or 1 USB share at $42 for each 12 of uwbi.........or multiply your western united offal portfolio times .083 for the conversion amounts....................calculus..........nice.........
...COLORADO NATIONAL BANK.........................is ours, but only by way of owning USB....................
...tell the nice ladies to be patient, larry............fred ain't got no cred............................but if dat $3.33 in USB is REAL..................................no probs................
...NICOTINE ADDICTS are moving to e-cigs and vapes...........sorry.....
...'better mousetraps'..............low nicotine tobacco ain't working.................
...a failed business model..................BIGTIME........
...smart money would take the dirty 88 pennies per and locate another PIPE DREAM....(ahem!!!!)....................
^^^^^^^^^^COLORADO NATIONAL BANK^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
...gotta like da looks a dat......................WIPEOUT or $3.50 p/s worth a da stuff..........................
...the FDIC wouldn't, imo, be lettin' mr. gibson sit in his new chair if there was a problem with either guy, or the charter or improprieties or same sex marriages.......................just sayin'........
...wonder how long ALL OF THIS uncertainty will continue...........FOREVER................however long that is.......6 months, mayhaps.........................?????.....