Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It would seem from the evidence presented today that you are indeed correct. I now adjourn this case.
I TOTALLY agree that the vision YOU painted of it is ASSINE (at best). All I said was IF that was what they were trying to do, which is a possibility, then they failed. Maybe they were short UWBKQ over a period and got caught on the wrong side. You dont know any better than I do what happened.
Yeah, if NITE was trying to stop price from going up they failed miserably lol, got taken all out at once.
The lord works in mysterious ways apparently...
Thanks, its good to be back especially with UWBKQ price trending the way it has been!
I seem to be coming to this late, been away traveling, will guess .34
So I tried to hit that .35 ask with 100 shares but I got done at .30 lol, just wanted to see the chart get there. well with any luch it goes there anyway, lets see what happens later today.
Its a good question about the lawyers getting paid $400K, I wonder if they are getting that in addition to the 30% or whatever percentage exactly it was that they are supposed to get if a settlement occurs?
I think we all know that basically the chart is a SWAG just as our predictions of a win are a SWAG, but it is nice at least to see them line up in some fashion. As a counter example if we had a very bearish chart but a seemingly strong lawsuit and chance of settlement, the weak chart might lead us to question our chances.
At the present most of us on here think our chances are at least 50-50 or better, and seeing a nice chart is at least some validation of the idea that collectively the market is presently agreeing with that sentiment.
.1899 Ask, lets chew through this and put it in the rear view mirror.
Welcome back buddy, glad to see you posting again!
I nibbled the .17 ask, its real, some fool is selling here, only 4600 left to take it out though.
No news is indeed good news in this case it would seem. To the new guy, there are a lot of people who have gotten tired of waiting here but my advice is get at least some skin in the game based on R/R that many of us here have answered for you, it really is pretty unbelievable R/R compared to anything out there right now. Then as you continue your DD you can lighten up or add more, but our best guess is that time is extremely limited here.
Or, you can spend a full day or more doing the DD, but answers from holders here probably wont be enough to get you up to speed in a day. Realize too that most of us only have a limited number of posts per day, and with those we are more focused on trying to figure out the present dynamics.
Wish you luck whatever you decide, hope to possibly have you join us in the much fabled and hoped for Vegas party where bubbly will flow and FS and Pinky will reconcile and we will all live happily ever after!
But how do the UWBKQ shares add more value to FC? Right now they are worth .16. I know if I was in FC and got a press release that tried to convince me that "merging" with a bank on the pink sheets that we already absorbed and which has no operations or income, was somehow a benefit, I wouldnt believe it.
Anything is possible to try, but I dont think the market would buy that.
We need more discussion on this idea edbk46 has. The BAC settlement was always something I recall Mesa and even I think FS talking about as something that would add additional value to UWBKQ. Now the verdict is out, and UWBKQ should have some amount of recompense that we can add to PPS via the POR.
The question is how much is the share for UWBKQ. Further, is this somehow in the hundreds of millions thus giving us the $200 million net figure outlined in the POR? The total settlement was on the order of 8 billion or so if I recall correctly, so if each bank got about 300 million or so that would mean the settlement was only to about 25 banks, that seems like not enough so I might doubt UWBKQ gets quite that much.
But if they did get enough to provide $200 million to class 6 then is UWBKQ planning to just take this money and run so to speak, or would they continue the case to get the justice we feel they deserve?
Sure it is *physically* possible, but I still dont see it as desirable. Shorting low float, illiquid stocks is about the worst strategy out there IMO. In other words, if it is possible to short all stocks, then UWBKQ is one of the least likely to be shorted. I short AAPL, and many other stocks, but even if I could I would not short UWBKQ. Yes, if you are extremely good at prediction you make that $4500 in 2 weeks, yet assuming you are that good at prediction why not make that $4500 multiple times in a stock that you can get in and out of multiple times per day? Risk to reward also sucks in UWBKQ more than almost any other stock out there, its .19 down and potentially $2 up lol.
Have to agree, I mean we all want to make money here but this is the dregs of the stock market, we are on the pink sheets. Yes there is some manipulation by whatever MMs even care to deal with this but they are few and far between. They have to manipulate to make it worth their time. But I doubt there is shorting in Canadian accounts, etc. Just not enough interest.
I feel like it is 51% likely we win, 49% likely we lose. So, the odds are like being the house in a roulette table in vegas with someone betting on black or red EXCEPT that the payout is likely 10 to 1 or more instead of 1 to 1. So in Vegas if you win, you get back what you bet, so you double your money at best. Here, you could increase your money by ten times that or more.
So, maybe just imagine yourself playing roulette but with the possibility to win if you hit 00 too, and get 10X your money back if you hit black and are betting on black.
WOW yes, that could well go to UWBK, I remember this was part of what many were conjecturing early on could come our way, good catch man!
This I also agree with. The times the stock has moved was when we got hope that something was in our favor, and I presently cant think of any other reason for why First Citizen would be notified. Unless I guess it is just protocol because they took over UWBK. I guess it could be standard operating procedure come to think of it... hmmm....
True that. This is why I debate the idea that the PPS is being manipulated. It is just so thin that for the MMs to even care to bother with it so they have to manipulate it heavily to make any money off it. In the end though, its only the final verdict that matters.
That would be a brilliant way to cover up any wrong doing on their part, and I suppose I would not complain if they did and we all made our 20 bagger, at long last.
If no other banks are listed, then THAT is VERY interesting. Because even if my first question proved true, that UWBKQ had debts to First Citizen, then doubtless there would be OTHER banks they also owed money to. So sack tingling continues... or at least more sack tingling than we have had cause for in awhile, may still be a long ways off...
Banks borrow money from each other all the time, thus the LIBOR (London InterBank Overnight Rate). So while they were handed them the bank, and I agree that makes it seem like there is no way they SHOULD owe them money, they COULD still technically owe them money? I dont know, this is why I am trying to get more info on this, seems a bit complex but could tell us a LOT about what might be happening (fingers crossed).
The simple question is: Does UWBKQ owe any money to First Citizen? Seems like they could and if so this makes sense. But if not, then yes this seems very interesting. FS, or anyone else know if UWBK owes any money to First Citizen?
VC, now that is a VERY interesting possibility. Schwing if so. Sack tingle in FS parlance.
paint at .181 might be possible, though I am done painting for awhile.
So many were looking for news today, does not look like we got it, what does that mean for now?
300 shares traded today, next we have to start painting volume haha
Yeah, if we get what we wish for all these little paints wont matter.
I painted with 100 shares this time, no more paints with 500, I dont even care about adding anymore. I seem to be the only one even willing to paint these days...
That was me painting the close, no way I was gonna let things end that way. May still lose in the end but looked better up than down today.
True, where is the fire, we have that bit of hope on our side, thanks for the reminder. But still even that might still just get us a trial and more years of hope, again the government seldom admits defeat...
So VC, help me understand why a settlement is likely. The thing that makes me doubt this is that the transcript sounded 50-50 at best. And the tone of the government lawyer is condescending as well. So maybe I am missing something, and believe me I really want to believe in a settlement, would be the best thing to happen to me in a long time lol. Yes, I know the POL is getting approved by the BK court, but that does not mean that the government actually agrees or is in settlement talks, it just spells out what would happen IF a win or settlement happens, which is simply something that needs to be done at some point. In fact if anything it seems a little late in the game to be creating the POR/POL...
Yes, we should be worried about losing the case, not that they would try to make that distinction about WHEN you owned the shares as the OP is worried about. As I read the POR right now, it delineates the classes, and our class 6 gets a portion of the proceeds. That is the great thing about the POR as drafted. But personally I am more worried about how Amy will rule, she certainly seemed she could go either way in the transcript.
Thanks to whoever is trying to keep us painted at .17
32K sold at bid, luckily someone painted it back up, gonna be a war between longs and sellers to save the chart today...
If Amy rules against us those idiots will be calling us idiots unfortunately.
You can trade 8100 shares at .17 right now for those dollars you mentioned...