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...this 'case' gets STRANGER by the day............I'm the KING of weird and I am totally flabbergasted.................
...IF, IF fcnca merged a TRUPS issue with UWBI.......why the F/- is the status such a HUGE SECRET............??????.......
...otherwise, we are WIPED OUT and we move on to new ventures....
...baffling.........................only CERTAINTY is lotsa activities behind the scenes.................PROOF POSITIVE, if only from UWBI BK CLAIMANTS sworn to SECRECY...............
...and how can paul tell us to STIFLE when paul will not even admit to knowing what western united is or was.....?????.......what was western united, again................??????.........
...onward...............
...paul respectfully requested that WE - WE not comment specifically on FCNCA...................................
...so, "no comment".........................................
...10-K's are filled with lies...................only truths are posted by lunatics on the internet.................
...who me.....????......I'd rather date carmen than liana.........just make sure to sweeten her tea with splenda......and not anti-freeze right after the trust docs are amended........geeeeeeez, scot...............creepy mofo..........dude is probably loaded with western united cusips, as well..............anybody ever smoke weed e-cigs with PBJ-flavored inserts......??????.............and I thought I was crazy...........wtf.......why did those jackboots SEIZE western united bank, again......????............keep forgettin'..........
...DO WE CONCLUDE THAT FC MERGED WITH UWBI............??????......
...cousin frankie......<click>...........kimmy........<no return call>..........FC IR....<is this you....???....click>.....
...jeff, larry, venny haha, drew, li, frankie, hope, kirby, paul, marty, tommy, mary jo, and guy..............combination of no comment, not available for comment.......are you crazy.......WHAT.......c & d applies.......NDA applies......go away...........FU...........what did I tell you.......<click>......<click>........<click>..................
...well...........not sure about that FC/UWBI MERGER that everybody is talking about..............????????..............
...wonder what that LUNATIC on the INTERNET says......?????......what's the internet, larry......?????.....you got us into this mess.........................
...well................................................
...FACTS = FC purchased a deferred tax asset with undisclosed and not-described equity (which is allowed by the SEC/FDIC) - a vague statement of having acquired the DTA is included in the Y14 10K.....about $32MM in tax credits were used in TY14........no details and apparently the bank requested an extension to file the '14 FITR........doesn't really matter.......FC had about $132MM worth of TRUPS available along with carmen's preferred stock......never CLEARLY disclosed what happened to carmen's stock...
...so we SURMISE that FC bought a $487MM DTA for about $150MM....................and is in full compliance with all applicable laws and regulations......................
...DO WE CONCLUDE THAT FC MERGED WITH UWBI.............?????......and thereby assumed the NOL and captured the ultimate tax credits...............WELL.....?????....
...and further, was this transaction/MERGER part of a BIGGER PICTURE wherein the FDIC supervised the MERGER as part of an 'arrangement' to quell the UWB vs OCC (Intervenor - forgot who that was).........APPEAL......????........
...smart money is bettin' on the correlation/causation THEORY...
...I've been in FAITH since the beginning..............as for the $12.50 p/s equivalent........DREAM BIG, if you like/wish..........
...assuming the cousin frankie/uncle guy 'arrangement' is true and accurate..........p/s merger value is in the THREE's...........we BELIEVE.............
...cousin frankie ain't denying any specifics, we understand...........and now kimmy is hiding.........longer chase = better catch (or at least PROOF of "a catch").............
...will be NICE to give THANKS and PRAISE.................regret over not having purchased more of the original UWBI common is a pain easily dealt with...................................
...a HIGHER POWER has intervened in this story, we believe..........seriously.................
...what happened to OUR BANK......?????.......was the seizure fair and justified.....?????.........and did the resulting legal process allow for fairness and justice...........ameriKa is a sovereign nation of LAWS.................................
...if UWBI shareholders truly ACCEPT that "the establishment or determination of rights according to the rules of law or equity" will be applied.............cool........if not, ameriKa has failed you...........
...the banks should not have been SEIZED...........the FDIC is staffed with wizards who know how to navigate the legal processes without setting legal precedents.........382, 510(b), NOL captures, 'like' entities..............the FDIC could very well have RIGGED up a merger with cousin frankie's TRUPS........probably have........all parties however INVOLVED survive this NIGHTMARE and move on..........
...certainly, closure relative to UWBI and its bank is very near, imo...........however....
...TRUE SALVATION WILL COME FOR ALL ETERNITY.................the warmth of HIS presence shall PREVAIL in us who BELIEVE......................
...and so, my comrades in SPIRIT, have confidence in HIS GLORY........and stay in FAITH.........HIS redemption will satisfy us - in whatever form...............
...whether some jackboot bureaucrat-concocted merger applying cosmic 382 and 510(b)............yips for cusips.........or a judicial ELIMINATION of whatever UWBI had been.............the SPIRIT is ever present in OUR being.........................
...BEHOLD and BELIEVE............all is well....................
.....WE ARE NOT DEFEATED...........REDEMPTION IS UPON US.......IN ALL HIS GLORY........
...A NEW DAY IS BORN...................
...we pray for Mr. Bowman and Mr. Holding........and the FDIC.....
...we are blessed..............WE.................
...should not UWBI shareholders have some idea as to what is transpiring relative to the BK DEBTOR actions.......?????......
...I mean come on......................not one scintilla of information on the UWBI BK, UWB settlement arrangement, or the gibson/prieto romance................what.....?????.......
...WE - WE did get some feedback from the SEC and the cousin Frankie IR/legal dept.............................but we cannot disclose what was STATED.................both of those mofos are paranoid...........................'bout what, KAPTAIN......?????
...what WE HEARD is that the only UWBI status reports are coming from some "lunatic on the internet".............who be dat, KAPTAIN.......??????..........
...anyhoot, that UWBI crazy has had THREE UWBI shareholder CELEBRATION parties......two on the water.....and she still does not know the TERMS OF THE FCNCA, UWBI "ARRANGEMENT".......gotta hear some tidbit of the MERGER news before she parties again..................
...ONION.............ripe........scot's.......his turn..................back from Santa Monica and the UWBI BOD secret meetings.........(remember, fellow UWBI comrades, all official activities aren't official unless kimmy stamps 'em with a gummy-bear residued thumb print)...............
...so who breaks the NEWS.....????......UWBI BOD, SEC, frankie's PR dept..........kimmy........Denver newsies........bruce jenner......
...what news, larry...........??????..........btw, those chicks hangin' out on Wilshire Blvd.........hot.........BIGTIME........
...but back to western united.................when's the END.......or the new beginning.........?????.......some of us LONG-TIMERS are kinda like...........needin' our money, or sumptin'...............hello.............?????...........
...sure, we sold out to the DEVIL.......onward........btw, wtf were the cool kids doing in Santa Monica.....?????........we don't even know where that is.......do WE - WE, larry......???????........
...one more question for the KAPTAIN...............wtf was in all that sealed, redacted, hidden, secret pile of paper trucked into the BK CT.........stamped: UWBI DEBTOR........?????...............200 more boxes for tommy mac.......who then stacks the trash in kimmy's cubicle............??????.....
...a truckload of gummy bears...........??????............
...PUMPKIN............larry's..........larry's back in CONTROL..........'member the last time KAPTAIN was in CONTROL.........JAHIDI JOB KICKBACK JACKBOOT JOHNNIE snatched our little credit union........................
...........SANTA MONICA BANK.............................................
...by any other name doth still smells as SWEET..............
...correlation = causation.................................
...talk dirty to the nice ladies, larry....................
...PUMPKIN........keep hearing VOICES soundin' like a THREE sumptin'.......
....Buffy was cool - - we believe he 'threw' the SJ oral......or didn't really attack the JACKBOOTS bec. an 'arrangement' was already on the table and both sides acknowledged that it did not matter how amy ruled - - - -
...but let's not stir up that MESS............dirty water under the brooklyn bridge..........................
...what matters, in larry's OPINION, is cousin frankie closing out this mofo 382/510(b) MERGER by and between an FC string and UWBI.................venny haha's stacking the paper............
...WILL the cataclysmic CLOSING ever happen, larry.......?????.......you know how impatient ladies get when the payola is delayed..........longer chase = BIGGER CATCH.....still believing that myth........why not.....????...........
...doggone that Old Grandad is good..........in blueberry juice......?????........wtf.............
.....good question...............probably affirmative..................
...assuming that Luther Burbank Savings Bank is merging with UWBI..............how cool would that be.....??????.........
...but unfortunately, cousin frankie got first dibs on UWBI......didn't cousin frankie get first dibs on UWB......?????.......how does that work.......??????.........cousin frankie got first dibs on carmen's title b tissues..............
...kinda like.................just show us SOME PAPER........do we really care what denominations the merger comes in.........even $2-bills works for fred and wil and scot and HIGHLANDER CAPITAL BLOCK BUYER (who dat again, larry......GS.......?????).........
...quack, larry..................the ladies want their money........or cousin frankie's TRUPS....................
...and no opinion conditions necessary in the 'quiet period'...............or lies...........just whisper.......btw, we're hearing some chatter with a THREE in front......just sayin'..............barney frank pic on a $3-bill.......worth of cousin frankie's poop........................
.......................QUACK...............................................................
...tell the nice ladies, larry that our bank looks like a duck, walks like a duck, quacks like a duck and has 'duck' tattooed on its BEAK.............
...fred and scot and wil and mikey and joe and jim and GUY and lotsa other NOBODIES and some legal folk are in santa monica, CA..........................where dat, larry......????.........
..."quiet period"...............other than for quacks............
...fc's gotta muzzle, too................??????..........
...cucumber..........................
...'sposed to be, currently in some "quiet period".............SEC is also in on the arrangement/understanding/accommodation...............
...not sure about the warrant structure.......thought it was an all stock conversion using 382 merger rules.........venable has got this deal tied down TIGHT, imo..........
...at least we are at the details stage...................minor, at that...........................
...any of you gang bangers wanna move to Raleigh.....????......heard the chicks were hot and lotsa cheap moonshine......WE - WE may consider a relo..........probably not to Raleigh......
...no duck for awhile.................tell the nice ladies a lie, larry............we are on the internet...............
...are you insinuating, Mr. NTG, that one Fred R. Scott, now, here and forevermore MAY NOT be insane......................?????......
...and the 382 and 510(b) regulations/rules were not FABRICATED by some disgruntled, deranged former employee/board member......?????.....
...WE - WE (be dat me and my multiple personalities) are kinda sorta feeling GOOD, or at least BETTER about this UWBI CUSIP case...........dat WRONGFUL SEIZURE still haunts wil..........
...we know why carmen stormed out of her board CHAIR and DUMPED all of her FCNCA/b cusips.................and paid over $20MM+ in jackboot fees/taxes............................nice gal........she kinda got upset with cousin frankie.................are we upset with cousin frankie.............???????..............mayhaps.....but frankie might do a "nice" to us.............................
...POTATO whiskey (vodka)...............don't like this stuff at all.....................but hey............mix it with grape juice..............and then take a few one-hits.........
......hi....another question..............................................
...how much is one of those FROZEN UWBI CUSIPS....????.....I'm kinda thinking if there is some WEIRD, FREAKIE accommodation (did I spell this correctly, larry....????)...............I just might wanna cash in on this RECURRING NIGHTMARE...............might, larry.................
...but, if this UWBI CUSIP matter does a space shuttle CHALLENGER (blows up).....me no WANT none....no way, hose..........WIPE-OUTS sting........ouch........PAIN.......BIGTIME..........
...and Pacquiao in 6...............????.......hello.........get real, larry.........Mr. Pacquiao's gonna get his head knocked clear off.......................in the third, or earlier.........don't even, larry...................no brainer..........Pacquiao's condition after the tussle.......go back to saving banks from the JACKBOOTS, larry................
...aimho...........me..........all 4 of us....................
...curious as to where in the world "satisfaction considerations" are coming from........relative to UWBI BK CLAIMANTS/RATS numbered 1-6.........?????.......................kimmy's checking account only has a balance of about $800,000................but not $44MM........oh my............hhhhmmmmm............
...back to those venable documents...............venable.......?????.........was that the same popsicle stand that hired JACKBOOT JOB KICKBACK jonjon......????.............just asking, larry.........?????................
...so many loose ends to this HORROR SHOW, larry....................and those lunatics on the internet CONFUSE us with all of that terrorist chanting.......................
...CUCUMBER..........................btw, larry, one of those certified CRAZIES even talks to herself................BIGTIME wacko......................
...spreadsheet......they're all FICTIONAL, btw............except for carmen...........and josh.....
...as for the other posters hereon with these complicated settlement prognostications..............not sure..........
...Cherry Hills CC 'chicken little' and frankie's MATH.................
..."they made some kinda deal".............really........
...so fc took $32MM in a tax credit for TY2014...........and it appears that fc could only take 1/5 of whatever the full value of the DTA frankie CREATED.................hhmmmmmmm........5 times 32 = $160MM TOTAL......................$160MM is 35% of what NOL, larry.....????..............scot is so bad at BIG MATH.........$458MM +/-......................is that what the IRS certified as to the 382-qualified NOL..........?????........
...all of this is so confusing, larry.........maybe JOB KICKBACK JOHN should have kept his dirty little hands off of our BANK......ya think, larry.......?????.........
...ONION...............kirby's..................
...oh and one more statement OVERHEARD in the locker room: the 'arrangement' is being discussed (?) by "some crazy idiots on the internet"..........what's the internet, larry.....????.....is wil crazy.....?????.....since when.....?????.........
...guy agreed to the "understanding"...........which left open numerous conditions................................NAVIGATION thru the IRS and SEC (Trustee #2, btw) and then frankie's weasel PEEPS......2 long extensions...................
...marty can certainly put pressure on frankie's PEEPS and kimmy to close the mofo OUT and complete the MERGER..........but we ain't countin' on no $12.50 per cusip....................LOP off ten bucks and you have "the deal".................payable in frankie TRUPS.............dog-eared.......
...the FDIC engineered this MONSTER...........but let's get our papyrus and get the F/- out of DODGE.............TYIA.......
...btw, the outcome coulda been a lot worse..........like WIPE-OUT.............ala Malaysian Airlines Flight 370......that is a goner..........although some newsies are sayin' the passengers are being held hostage in IRAN.......newsies, larry, don't get me sucked into that CRISIS...........
...tootle..........the aforementioned was only larry's mostaccioli........fred's in santa monica, CA and put himself on 'ignore'..............that mofo's rants are irritating..........
.......BELIEVE in the spirit of FAIRNESS and REDEMPTION..................
...marty wants to give the UWBI creditors, claimants and shareholders - - BELIEVERS ALL - - some atonement and reparation.........
...gonna happen..........................minor details and the arrangement takes time......382 and 510(b).................BK red tape.........................
...past midnight.............NEW DAY.........this is what FAITH is all about..............................
............FOUR BUCKS..........................................
........put the dirty TRUPS on the table, marty...........GAME IS OVER...............................
...we know, 382, 510(b), hocus pocus, JOB KICKBACK JOHNNY, IRS, SEC, OCC, 2 dudes from venny haha, JEB, and FRED.................
...'splains the INSANITY...................fred's anyhow.......or wil's or scot's or whomever the mofo IS..............
...PUMPKIN..............................wil's.......he ain't done one in awhile and the multiple personalities are wearing US - US out.........................
..............DENOUNCE FASCISM..........................................
...jackboot justice in ameriKa will not be TOLERATED.......
...and JOB KICKBACKS to government officials are FELONIOUS.........
...guy spoke publicly after the WRONGFUL SEIZURE........but after the litigation began.....................nary a peep............unavailable to comment, as are his attorneys (plural)...................
...did guy give up and WALK AWAY from the APPEAL......?????.......well..........?????.............
...is the 'case' OVER......??????.......only question WE - WE have is: what did carmen holding ames do with her FCNCA/B sale PROCEEDS.......?????.....she's walking around with over $160MM, net after taxes.............................
...ONION........mine, 'cause the LITTLES get jittery when WE - WE reference the JOB KICKBACK.............JOB KICKBACK.......worse than the original CONSPIRACY and RACKETEERING, imo.........
...is today SUNDAY........?????.........I'm still using a 1996 Calendar....................works for me, who cares....????....
...UWBI shareholders who, thru genius or DUMB LUCK petition the court, successfully and receive a response from either the BK CT judge or Trustee.......................COULD actually be doing something productive......................or not......just sayin'.............
...and I guaran---mofo---tee kimmy won't state that there is/was no settlement by and between UWB and the OCC or Intervenor (FDIC).........don't believe she ever said there wasn't one......but let's not open up discussion on that HOAX............(kimmy-gate was last time UWBI actually traded meaningful volume - - right at a mill that day, I recall).........but some intelligent lad put 500K more shares in his nap sack at 3 pennies per, oh my, on kimmy-gate DAY.......were that chunk also in a ROTH IRA, I'd put this chap in the EINSTEIN category......smart, very smart.......ball size wouldn't matter...................
...last guy (ahem!) standing with the most UWBI money/stock/cusips WINS........balls, notwithstanding (larry likes this word which means "taken into account")...............
...playing UWBI has been, and continues to be a tough game..........we'll see when the case is OVER who has balls and who is intelligent and again, who has BIGTIME moomoo...............
...'best interest'..............................
...PUMPKIN...............................
..."relief from stay" request is basically technical approval from the BK CT to allow another case to continue on a related legal action.......needed to clarify that UWT nonsense from a few days ago...........
...no consequence, either way, imo, relative to UWBI BK.........
...the UWT Trustee's legal weasel is grabbing at straws, imo..........whatever..................might just be the Trustee's atty. throwing some dog-eared paper at a wall.............means ZIP to me........................yawn............yawn.............
...WE WANT FRANKIE'S TRUPS.......................might already have 'em...........................PUMPKIN..................
...jahidi john needed a JOB.....so he tried to artificially push down the bank's capital levels and then, when he saw the CRP from GS..............PANIC GRAB......................believing guy and ldk wouldn't have the balls to sue.............................
...very simple case................................IN MY OPINION, larry..............................yours too, larry, but there's that balls problem with you.......................
...so did guy drop the APPEAL with a promise from the FDIC to oversee the holding company's merger with a 'like' entity, in compliance with 382 and 510(b)............???????..........THAT HAS BEEN THE MAIN QUESTION FROM DAY ONE..........and we are now at DAY 714 (how many homers did the BABE hit....????)................what about Jimmy Piersall...................??????........
...until PROVEN OTHERWISE, WE - WE are keeping faith in the frankie TRUPS logic program.................call it the carmen whisper..............
...ONION and don't get huffy over the JOB KICKBACK allegation, larry.......................................
...MAYHAPS we all GIVE UP and FLUSH this HORRIFIC NIGHTMARE.......
...honestly, I'm personally get totally BURNT OUT........this rinky-dink website is all shareholders have and it is PATHETIC......
...all of OUR - OUR lawyers have basically told me to 'cease and desist,' GIVE UP, GO AWAY, STOP CALLING, NO COMMENT.........etc.....
...WILL THIS CASE EVER CLOSE.....????.......NO.......ok......NO.....
...but why no POL...................?????.......I'll give kimmy a jingle.................."IS THIS YOU"................?????......."I TOLD YOU TO STOP CALLING"........all inquiries must be in writing and the court must approve all inquisitions, which we will not necessariy allow.........F/- her, too...........mofo-ing disaster continues FOREVER..................and FOREVER.............
...FU, larry........................
...appears to me to be a DESPERATE attempt to grab at UWBI - - the pleadings were crushed and then perpetually amended on extreme technicalities, imo.......................UWT was a colossal FAILURE, imo.............................these mofos were INSOLVENT BIGTIME, imo................................
...but UWT's TRUSTEE made a swipe at the UWBI BK and might get in on the UWBI train wreck.............again, with UWBI any and all freaks are welcome to apply.....................
...larry said not to comment on any UWBI legal proceeding, so I will..................UWT is a WOEFULLY DEFICIENT, insignificant non-issue.............gotta commend the TRUSTEE's attorney for buying powerball tickets with free money............kimmy needs to take a page out of the UWT trustee playbook..........
...ONION............................again........the FDIC is in charge here and the FC arrangement, if REAL, will happen soon, imo....................
...once again....IF....IF.....there is a FC TRUPS/UWBI merger.....some POWERFUL folks are running the UWBI BK table, imo......
...2 dudes from venable llp and the FDIC legal team ain't gonna get mickey-moused around, imo...
...WE HAD FIVE SMOKING GUNS AND THE BEST LAW FIRM IN THE USA ON CONTINGENCY with the original uwb vs occ cause - - AND AN EASY BILLION DOLLAR FAVORABLE JUDGEMENT, imo.............
...$132.58MM worth of bitcoins or frankie FARAD (look this one up, larry) is ably protected, imo...............
...another day in PARADISE.................my CUSIP #913201109 stash gets bigger each and every day.........................ONION..........
...if UWT Trustee wants in on UWBI BK..........?????.......appears to be a legally weak attempt to grab some recoveries from US now that there might be some settlement monies, imo...........
...I vote to get extensions on the 5-7-15 hearing and drag the mofo out with legal tricks ad infinitum.................these losers will never get a penny out of us, imo..................
...and what ever happened to United Western Bank.....?????......we need to ask Mssrs. Larson and Weinman that question.......and then we'll let kirby respond....................
...once again, IF the FDIC is now in charge of this DISASTER...........all we can do is sit back and let the operetta play out...................................aimho.........all the other players get nervous with legal sillies........
...........why didn't FDIC go after mikey mac on the sterling transfers........?????...............
...either waste of time or the D&O surety would never kick in.......
...there are so many unanswered questions about the WRONGFUL SEIZURE of western united bank........for example wewonders if Jahidi John (hi, larry) likes his KICKED-BACK JOB.........??????...........probably, although WE - WE believe Jahidi will sleep better when the UWBI case is CLOSED.........what's the statute of limitations on Conspiracy, Racketeering and government employee JOB KICKBACKS, larry.....????......I keep forgetting.........
...if YOU want this UWBI matter, closed, frankie............then merge your TRUPS papyrus with the UWBI $487MM NOL (as approved by the IRS in advance......nice)..................hello......??????
...if you don't close, frankie......................we find a higher BIDDER...................much higher, frankie........
...ONION..............................cocktails.............
...WHAT IS HOLDING BACK THE MERGER...............??????.........
...we are unable to determine WTF is dragging out CLOSURE.........it ain't the ITR trial nonsense - - dat will never happen..............Claimants (priorities = ahead of US) aren't in any panic mode.......nary a peep since the low numbers signed away their SATISFACTION........full payments....................
...I ate all of my girl scout cookies a long, long time ago..........kinda hope an NOL buyer other than frankie wants to do a same sex marriage with UWBI................doesn't matter as long as the stock that PLUGS us has potential...........and any 'like' entity spilling $140MM in soft equity is LEGIT, imo.......and obviously has PROFIT to offset.....
...so wake me and larry up from our respective NAPS when the news hits...............some yellow journalists OPINE that muckraking could happen on 4-15-2015...........whenever that is..................
...ONION.....................................
...there's a fairly standard Stock Merger and Cancellation Agreement which simply outlines the 'arrangement'...........x number of shares of A converting y number of shares of B........the SEC has samples on its website...............................
...so if this frankie federal TRUPS setup has CRED..........cusip jockeys receive 1 share of frankie dirt for 70 shares of carcass......or 100...............larry never could COUNT.......
...THE END will come easy..................be it PAYOLA or WIPEOUT......................been dare a few times...........
...ONION......................
...where is the $44MM coming from which SATISFIES/PAYS IN FULL [pursuant to - and in compliance with U.S. BK rule 510(b)] UWBI BK Claimants numbered 1 thru 6..........????.......
...just asking the nice ladies a question, larry.......don't start.......mofo..................
...oh and WE - WE just received CLARIFICATION that CUSIP #913201109 CANNOT be transferred - - in order to fully COMPLY (compliance and comply, larry, sound good) with IRS and SEC rule 382 re: NOL transfers...............................
...lotsa folks messing around with CUSIP #913201109, larry...........cannot be BAD because at present, CUSIP #913201109 ain't worth much.............and is not 'tradeable'.........
...not sure of any DATES given these perpetual legal maneuvers...but THE END will be ABRUPT and the weasels we are in bed with toss around GARGANTUAN sums of money/stock/cookies/weed/fritos/TRUPS................and boat gas..............
...feeling positive TODAY................re: CUSIP #913201109......
.....I'm not going CRAZY waitin' on the FC TRUPS/UWBI merger................
...I was a CERTIFIED LUNATIC long before I chanced upon this NIGHTMARE........just sayin'....................I can wait a long, long time, marty................BIGGER CATCH........and now here at iHUB, I'm talkin' to myself............THAT'S A VALIDATION OF TOTAL INSANITY..........................wacko.......BIGTIME kook........
...problem is I gotta chunk a dat western united cusip roadkill................can't get rid a it...........tried.......funny how nobody wants to buy rancid radioactive spew covered in maggots..............what gives....????......some people..............
...anyhoot..............and btw, no one on planet earth is speaking to me either.......................other planets......YES.......but not earth..................oh wait, larry's still speaking to me..................how pathetic is that............?????.......larry..............sorriest mofo in the universe.......got his dirty little bank seized by a low-level JACKBOOT...............
...ONION on PUMPKINS............................beer.........
........GREAT IRONY = the bigger the BANK loss.........the bigger the UWBI NOL.................and, the bigger the value of the NOL tax advantage.................................
...ergo...............let's do some 'larry math'......if the nice folks over at the IRS certify an NOL of $487MM........oh, that hurts SO GOOD...........do it again, larry...............oh yea.........
...anyhoot, a $487MM NOL, or $478MM NOL...........gets a 'like' buyer about $167MM in cash via direct tax savings.........so if WE - WE (me and the lare or me and frankie) buy this HYPOTHETICAL $167MM in 'cash' for, say $140MM, or $132MM or mumbo jumbo million..................we made a heckuva deal................
...and those "UWBI cusips", sitting over in the BOAT TRASH section of the marina.........................$3.50 per poopcut, TODAY.............plus or minus, but BOAT TRASH rounds dollar amounts UP...........
...and we need to pick up the pace, marty...............poker boat party in the BVI and we don't want to be messing around with this JUNK much longer............TYIA, marty...............
...ONION.........................
...thought all of THAT (sterling suit) was long settled but apparently the weasel attorney went down to Texas to get US included as a Defendant..........no other comment other than the Trustee is going to get money from itself, if successful.....inconsequential, imo, and Debtor/UWBI can easily get removed as Defendant.............and IF I am mikey mac, no worries..................wil, as well........................(even if D&O insurance would somehow kick in - - BK Trustee gets the settlement money....????).....
...only reason any of this COULD be significant is if there is some sort of WEIRD 'arrangement' the BANK made with the FDIC and/or fruitcake frankie........(WINK).........................
...btw, yesterday's RUMOR (discussion concept, larry) was that some southeastern bank or mid-atlantic bank - SunTrust ?? was merging with the UWBI shell................$140MM was the number on the cell phone.......................no details other than booze generally improves this 'case' outcome..........mine, anyhoot......$3+ per cusip if the math is right, or wrong...............
...mikey......wanna opine on this OPINION...????..all yours......