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.....really, HYPOTHETICAL HARVEY was $200MM, BS 30% on the front end and fully $60MM payouts to Claimants pre: UWBKQ ($80MM, net)......
...so the FDIC took HARVEY but re-shaped it to $75MM with an FCNCA capital creation.................ingenious............
...nobody bunks with Bernie Madoff and the FDIC-R gets all recoveries without a hitch.................there is the minor scuffle between the FDIC and jpm.......not a prob............
...now all WE - WE have left to do is clean up the BK ESTATE process and move on........................easy stuff, lare.............aimho..................FUN...................
....GOING WITH THE BUST........but questions persist.............
...the brilliant CSSA, which pulls the $75MM settlement from FCNCA special preferred stock...............= WIN WIN WIN WIN..........
...the math, if this FCNCA deal pans out would be like, 350,000 shares of FCNCA at about $215..................1 share of FCNCA for each 200 shares of UWBKQ......................not great but where are we now............??????...........3 pennies per.....?????.....
...that is today's TID BIT.......................all speculation, larry..............I know THE DEAL could be FIVE TIMES BIGGA..............................mine's real...............
...It is expressly agreed and understood that this Agreement and the settlement it represents are entered into solely for the purpose of allowing the parties to avoid the expenses of litigation. This Agreement constitutes the compromise of disputed claims and that this Agreement is not and should not be considered or construed as an admission of any liability or wrongdoing on the part of any Settling Party to this Agreement, each of which expressly deny that it has in any respect violated or abridged any Federal, State, or local law or any contractual or other right or obligation, or otherwise.........................
...let's 'em get some recoveries from the D&O surety, imo........
...the aforementioned is only a SAMPLE........A SAMPLE.......take it easy.................A SAMPLE...........hello.....????......
...ldk: I'll take the BMA option......................
...THIS BAD BOY'S GONNA BLOW.....BIGTIME.............mary jo may shut 'er down to newbies, 1st..................aimho.........mine..........he's a wimp........
...clearly, the UWBI BK process is 'heavily involved'..............
...may not mean anything for UWBKQ shareholders.............but the possibility that this mysterious cssa is REAL increases each day.......
...owning UWBKQ common stock and BELIEVING that the FDIC has crafted some sort of compensation arrangement is GOOD and POSITIVE and OPTIMISTIC...............
...OUR - OUR bank is gone and OUR - OUR stock is nearly WORTH NOTHING..............................and not trading............
...the simple cssa with the $40MM to Claimants 1-7, $30MM to UWBKQ for distribution and some $5MM to BS/Kirby/HIM.............might be the TRUE STORY..........................whatever................not my idea...................................
...IN HIS GLORY...............................................
...D.....all of the above.....................................
...I SCREAM WIPEOUT.....but our friends at 8,800 ft. ASL DIFFER........
...OUR - OUR associates who have significant interests in UWBKQ worry not one scintilla about UWBI/UWBKQ...........these boys have more skin in the game than all of US - US combined................just sayin'..............I'm still strongly in the WIPEOUT mode........................ldk......???????................no can comment.................
...ok, I can comment.........I have a choice...............knock it off, get sued or some big thug will BMA..................................I'm leaning towards the suit given HIS - HIS recent track record......................
...the cssa with the back-door BK really does make sense given the entire situation...................................not convinced yet, but we'll see...............................
...stock may be halted...............clearly trading has been STOPPED..........................
...brings back the ORIGINAL SPECULATION: cssa which requires BK closure..................................65% on the dollar to lapdogs numbered 1-7...............+/-..........but then the KING, number 8 gets $30MM, net........unspecified amt. to BS........rumored to be about $5MM........................
...if someone wants to believe that aforementioned nonsense...............ok with me and ldk..................
...nobody is left to OPINE...........so I guess we're back to THE TWINS.............................
...HARVEY might turn out to be HERO.........................l
...we'll see who is DRIVING the UWBI BK ESTATE......(might be the fdic and frankie's beagles).............and UWBKQ shareholders ain't getting wiped out, allegedly..............................residual beneficiaries..........................or the equivalent.........
...will WE - WE be forced to APOLOGIZE to ldk...........??????.......................sure..............after WE - WE see some cash.........................after..............
...what a long, strange TRIP it's been......................that you, ldk........with this opinion..................????????????........
...WE - WE are still going with the WIPEOUT until we see some CASH............or news or PACER or a banner.................
.....FREAKISH SETTLEMENT........???????..........................
...seriously..........no details and may not mean any movement in the UWBKQ s/p......from 0.0055 to 0.0101........??????........
...'sposed to be full satisfactions - - not necessarily the original amounts 'claimed'...............and remember, 'satisfaction' in the BK CT could mean 7 dogs stopped fighting over 1 penny.......
...and believe this one................a separate entity may have 'acquired' UWBI........................UWBI............isn't that the stuff which oozed out of the treatment plant.....??????......
...whatever...........that's today's non-news...........doesn't impact my soiree........................still going with the WIPE-OUT...................BIGTIME..............not even any BIDS/ASKS posted AH.........................might be THE END.......
.....WIPE-OUT........are you idiots NAIVE......??????...........
...this "stock" is underwater by $60MM+..............when your attorneys throw in the towel and RUN......IT'S OVER...........none of the lawyers involved even admit to knowing UWB........sewage.....
...the FDIC/OTS/HONORABLE JOHN E. BOWMAN crushed Guy and ldk and their dirty, grossly under-capitalized credit union..........stuffed with brokered deposits.........OUTRAGEOUS FAILURE...........
...the SEC is one of UWBI's BK TRUSTEES.........the only parent in the room..........................verifying the DE-LISTING.......
...the world will be a better place when UWBKQ no longer EXISTS...............................
carrion
contamination
corruption
crud
defilement
dregs
dung
excrement
feces
feculence
filthiness
foul matter
foulness
garbage
grime
impurity
manure
mire
muck
mud
nastiness
ordure
putrefaction
putrescence
putridity
refuse
rottenness
sediment
sewage
silt
sleaze
slime
slop
sludge
slush
smut
trash
uncleanness
..........YOU.....................CALIFORNIA CHROME...............
...by 10 lengths and then the triple crown.......................GUARANTEED............
...F/, fred, what about UWBI, frankie, the STIPULATION, HARVEY, pistol pete puma, Jeff, Pindar1 and those FIVE smoking howitzers........................??????????????..............
...case is over.....dead, kaput, zapped...........s/p is WORTHLESS.......................seriously......bail with a dirty penny per......................................
.....CORRUPT JACKBOOTS ILLEGALLY SEIZED OUR BANK..................
...WE - WE are all in and WE - WE will fight to the END...........
...if the FDIC/R is playing this case in its mastery of the systems.............WE - WE are okay with that PLAN............................
...WE - WE dropped the APPEAL for certain considerations......................................
...ain't giving up............EVER...............
..........100% LITIGATION PLAY...................................
...so what's the status of the litigation......?????........will tell the entire story...............well.......??????.......YOU DON'T KNOW THE STATUS OF THE LITIGATION..........neither do I.....
...why.....??????...........because there is confidential information pertaining to a STIPULATION...........and the terms and descriptions and conditions of this STIPULATION are not part of the UWBI bankruptcy estate...............any monetary conditions included as a part of this STIPULATION could be placed into the UWBI BK ESTATE and distributed, according to applicable BK LAWS.........
...UWB DID A 'BACK-DOOR' settlement wherein the UWBKQ shareholders, as a lower priority claimant could receive litigation proceeds specified in the CSSA..................................nice stuff...........
...be patient...................."best interest" works for me...................still going with the $2.22 in cash and frankie's got some gift bags for us as well....................
...now the opinion disclaimer: donny sterling might want in on this one................not a good choice of girlfriends.........................
...WHY all of this mysterious secrecy.........??????..............
...WE - WE cannot discuss this DEAD CASE with any of the attorneys involved.....................the government agencies connected to this NIGHTMARE refuse comment........OCC/SEC/FDIC/DOJ.........
...the western united nut is shunned, ostracized, avoided and is considered a CRAZY FREAK.........certified LUNATIC........
...there is/was no stipulation, no settlement, no JOB KICK-BACK, no conspiracy, no FACEBOOK page (immediately shut down ?????), no insider trading, no contempt, no judicial COI............no anything..............the bank's claim had the legal weight of a GNAT.....................DOORNAIL BANK.................
...we're all here sitting in the ASYLUM asking a simple question.....................ARE WE REALLY CRAZY.......??????.....
...knock it off.........................or else............
...on advice of counsel, WE - WE cannot comment on any of the material FACTS which support UWB's decision to drop the APPEAL..........believe there may have been FIVE smoking guns...................FIVE..............FIVE..............
...and, honestly, WE - WE are not certain when johnnie and frankie did the dirty.......................nor do we KNOW when the FDIC became aware of any impropriety......................
...btw, what was in UWB's "best interest" to drop the APPEAL.......?????............we never could figure that one out.....................
...did you R.S.V.P. yet for the shareholder celebration party................??????????.................
...finally, does the FDIC give opinions of this MB.......????....if so, then this one BE ON DEM................................
...case is over....stock is worth 0.0055......or less.......
...UWBKQ should be delisted and eliminated......UWBI liquidated.....
...BK Trustees formally ask the judge to CLOSE THE ESTATE per bk law.......
...SHUT THE MOFO DOWN....................tyia....................
edit in color......Jeffrey M. Lippa on behalf of Interested Party Directors and Officers lippaj@gtlaw.com...................................
...who dat....................???????????????................
...FDIC has played this case perfectly.........in the legal world, when BEATEN..............drag out the case as long as possible, then longer................after having settled, silently.........cap the loss, and keep the door open for recoveries...............milk the sureties, wherever possible....................at the last moment possible, whisper out the words of CLOSURE........................very few.........STIPULATE the settlement, in secret and do not let STIPULATION arrangement become part of the BK estate.........
...who's turn to opine, Jeff..............??????????............
...CSSA created for dropping the APPEAL and challenges to recoveries and foregoing pursuit of any/all related litigation........................
...terms of this CSSA..........???????............what's the "C" and "A" stand for...........??????????...........and the STIP may even condition that the BK be settled in totality and.......AND the STIP itself not in any manner become included in the BK estate..............or the STIP would be null and void...........ETC.................
...oh what a tangled web we............THEY.............weave......"when first we/THEY practice to deceive!"...............................
...WE - WE might be getting close............to CLOSURE.........ldk..................
...WE - WE understand some $15-BILLION+ settlement that jpm had with the FEDS is being disputed in our BK...................which is good because it proves the FDIC-R is involved in our BK and might ramp up the UWBKQ/Claimant #8 distribution proceeds.........
...fight all you want, fellas................just leave the $60MM in FCNCA stock in our mail slot......................and keep the noise down when I'm napping...............oh, and one more request: hurry the F/ up..........................or we back out and blow the lid off of the frankie/johnnie scandal..........ldk..............
...BIG TOBACCO would crush this GNAT............................
...were 22-C a threat......and it definitely is not a threat.......
...WHY.....because the trend in nicotine addiction is vapors, e-cigs and QUITTING cold turkey..................not smoking watery mulch....................pando needs to genetically alter his ponzi scheme.......................ain't working..............
...when the fluff is 'smoked out' of this s/p..................22-C will trade under $1 p/s......................well under............where it belongs.........................aimho....
...283,000 FCNCA shares issued.......????????......I believe I have this in a filing.........
...that would only be $60MM.........yet that's UWBKQ's portion of the CSSA payola......
...granted, lotsa questions..........but there are tons of legal activities going on behind the scenes all day, every day...............and the case is over........imagine that........
...3.52 pennies p/s.....................wonder where pistol pete puma gets his BIDS......................???????...........Barney Frank...........???????????.......................
...ldk............................
...830,000 shares it is........ldk is bad at math, among many other skills..............
...only qualifier is that Claimants 1-7 might be getting "satisfied" with some other currency.............cash, for example or FDIC/FRB chits in the case of jpm.....................and the cash could come from FCNCA selling the preferred and using some of the cash for friends nos: 1-7.................math gets hazy.............
...and UWBKQ shareholders get this 1 FCNCA share for each 100 shares of UWBKQ.........$2.22 p/s........???????.............
...these FDIC chaps are wizards when it comes to CSSA's..........will be fun, regardless.....................
...initialed aforementioned opinion: fictional ldk............of counsel...........................
case is over...............................................
...FACT or FICTION.........pulp fact................???????..............
...we believe frankie is in a big world of HURT........and will pay dearly or at least allow his equity to be diluted with the issuance of 83,000 shares of FCNCA 'special trust-preferred' stock......................for purposes outlined in a CSSA.......
...all of us will survive this MESS...........................
...initials on this OPINION...........ldk...........just like all of the correspondence in the CASE FILE leading up to the BATTLE OF BIG LITTLEHORN....................and frankie's folly...........
...if any of you nice folks had steel down there, real cash and did some aggressive DD - - - pound Jeff, pound HARVEY, pound Andy, pound johnnie and frankie, don't pound the fictitious former counsel who threatened freddie scott - - - SHOCKING.........I also asked for information from marty and tommy and mary jo....................got some, btw...........
...follow the money..................not the testosterone-deficient whiners hereon...................fiction only - no opinions........................his, not mine...............
...try "buying" 100,000 shares................no chance...........
...and those bogus BIDS at 0.0055 are laughable........a fool's dream..............................
...this stock is for BIG BOYS.............muscle up and get in the game or go play barbies somewhere else..........TYIA...........
...serious biz............................seriously..........just wait and see..............................the FCNCA program is REAL......................imo.........................
...trading in UWBKQ is "frozen".................by the SEC.........
...until the litigation which would significantly impact the s/p is completed.................................we have that directly from an authoritative source and verified the reg. within Dodd-Frank..........................protects little girls from themselves............................................
...ANNOUNCE the UWBKQ STIPULATION, frankie.....or we will.........
...bring closure to this NIGHTMARE for the UWBKQ folks........
...TIME FRAME on the FCNCA STIPULATION news.......???????..............
...answer: immediately following CLOSURE at the BK CT - - a condition of the STIP..........okay, simultaneous......................
...no urgency........stock does not trade.....................
...who's turn to opine...........??????
......1 share of FCNCA for each 100 of UWBKQ........????...........
...that would be the math +/-, for UWBKQ shareholders..........
...sure, we want more, but we also have 7 rabid dogs in line over at the BK HOUSE....................and lawyers need money.......
...we don't really want a board seat at FCNCA.............or at least I don't...............
...don't opine, larry............I will.........I just did........or was this yours.....???????.........and btw, where do the TWINS and Auntie Li fit in to this FCNCA STIPULATION...............??????.............
...THIS FCNCA STIPULATION IS BRILLIANT, imo..............
...2 other points: 1. SEC should shut this bad boy down..................and 2. the FDIC will "recover" most of whatever money was lost on the ILLEGAL SEIZURE (imo, larry, be cool), including the BAC monies, the jpm monies, the ITR and the D&O suit settlement............................................
...this FCNCA STIPULATION arrangement has finally given clarity to this entire MESS...............................and not a bad outcome.................some UWBKQ shareholders can immediately sell their shares, if allowed.............and the UWBI Claimants get frankie federal stock, possibly tax deferred.........could even be tax free....................................tingle time......BIG..........HUGE...............biggest yet..............
...gotta believe the FDIC-R has engineered this PROJECT from the point at which at least one of the (5) smoking guns was too BIG to challenge...........................
...rather ingenious crafting an FCNCA preferred stock issue to SETTLE.....................pays back UWBI, creates capital for FCNCA, saves the U.S. Treasury a few hundred million+, keeps nice folks out of prison, does not set any legal precedents or bad press, keeps numerous attorneys on the billable hours counter.........................................
...we need to see some cash, or progress or FACTUAL statements from TIMBER TYSON or a simple blurb on PACER from the BK CT.................................then the stock settles at a REAL price p/s...................near a tommy j..............
...very cool.................................this one's mine, lawrence....................opinions..........................
...FCNCA's legal adviser on the STIPULATION is Venable LLP........
...anyone have a BIG PROBLEM with that picture......???????.......
...given that THE HONORABLE JOHN E. BOWMAN, as defamed, and as the former acting director of the entity that ILLEGALLY SEIZED (f/you, larry) our bank is a PRINCIPAL with Venable LLP........??????.....
...just asking the question...............WE - WE all know the answer..............................which is: if the residual stipulation proceeds, shall we say, are greater than $2.14 p/s NET to UWBKQ shareholders...........................we overlook the honey bobo JOB KICKBACK allegation (what's an allegation, larry....????)........................we want more, but we get two bucks plus PER and we move on.............................
...now I'm winded and need a nap.................what about the opinion disclaimer..............???????............
...the BK CT could be "satisfying" each legitimate Claimant with FCNCA special preferred stock.................of course, the FDIC-R and SEC would be doing the "administration" within the CT..........which WE - WE have allowed - - per the STIPULATION....
...very cool conspiracy theory, imo..............let's run with it.................
...BIGTIME tingle going on down there...................I'll check with the FCNCA IR/Legal Dept.......................
...boy, am I glad this case is over.....................upsets my naps and cocktail sessions - - nearly every DAY.........................larry, please advise on the FCNCA STIPULATION arrangement.............then I'll opine hereon........................
...believe FCNCA only "issued" (vs. authorized) 84,000 shares.......
...and the issuance of the "special preferred" was when the FCNCA stock was trading at about $210 p/s........= $175MM..........there's the $5.50........but it's "gross".......pre-hyenas #1-7, and the BS/EMP 32%..........so that might only net NO: 8 about $60MM, or $2.10 p/s........
...much more than a coincidence, imo................now, HYPOTHETICAL HARVEY kicks back in as far as "litigation proceeds".................the frankie federal IR dept. stating that the western united matter was being processed, etc.............
...folks, WE - WE believe this frankie federal STIPULATION SECRET has legs.........................always have..................but you know larry......he thinks man walked on the MOON............
...sure would like to BUY some of that UWBKQ common...............
...why doesn't pete puma fill that 80K BID for 6 pennies....????????........it's been there all week...........
...mayhaps the pistol ain't got 80K shares.......meaningless trading.......or the SEC might be screening ALL TRADES......which the SEC can legally do, per this obscure clause in Dodd-Frank, we're told..........................and the SEC is also one of the two BK TRUSTEES................the other is Timber Tyson's funny uncle.............................
...so what's a lonely country boy to do........???????.......cannot buy UWBKQ............cannot sell UWBKQ................the attorneys for UWB and UWBI will not communicate except to say through an intermediary that the attorneys cannot comment............??????.............all we are asking is if the corpse is dead...........IS THE CORPSE DEAD...........???????.....
...larry, I'm not disclaiming this post unless you tell me whether or not the CORPSE IS DEAD......................today, not next week........................
...WHAT IF all nicotine addicts QUIT, cold turkey....?????........
...would Pando's xxii FLIM FLAM drop to a couple of pennies p/s.....???????.................
...just asking..................diluting this already diluted stock is scandalous........................and nobody with a brain and a nicotine addiction buys watered-down, genetically-altered, moldy MULCH............................
...this stock ain't worth much more than 2 dirty quarters p/s................or less...................aimho..........
.....WE - WE only have to be about 40% CORRECT, or 10%, or even 1%...................that there is a secret STIP..................
...and even an ABSOLUTE WORST CASE outcome is some sort of back-door BK with UWBKQ shareholders/APPEAL DROPPERS getting like $25MM, net...............worst case, again.................
...no, there's a STIP...........but the FDIC--------R (can't forget that R)...............is complicated and there is a TON of money at stake along with frankie's credit union, and frankie's FREEDOM.......................hello.........???????............
...longer chase = BIGGER CATCH............................not sure if this is an opinion..............larry, what's your opinion on this opinion....................?????????????.................
....ONE LAST COMMENT ON THE BK....................................
...WE - WE believe the BK will be CLOSED OUT very, very ABRUPTLY.................zip, done..........all parties "satisfied" and few, if any comments from any party........as mutually agreed..............
...EVERYONE involved (even frankie) wants this NIGHTMARE closed, sealed, done and over-with.........................I'm gonna miss the drama, personally..............but you know me............(ahem!!!).................drama king............??????...........
...anyhoot, just when the PROCESS heats up....................CLOSED/SEALED............hopefully with $3 p/s and some frankie federal stock.................
...aimho......................................mine.............