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Now there is a VERY VALID statement that I can stand by!!!
A settlement that is worked out would take more time than the rest. If the legal teams told the Judge they are close, then the Judge would do nothing except give them time. I think a settlement in this type of travesty would be the most sensible thing to do. The problem is the Government does not have a check and balance so they can spend to eternity.
The only reason I say settlement in this case is so the Government can cover up their crimes and continue as nothing happened, but this would be the ONLY reason!
Then all of a sudden one evening the settlement pops up in an 8K filing which would cancel out the chapter 11 filing in record time, thus revaluing the stock immediately to a level commensurate with the worth of the settlement.
VC, yes it does appear that way, thank God. Nothing will stop the evil from continuing their criminal actions, especially when there has been virtually no big names charged, arrested or jailed since 2008 for all of the financial crimes except Rajarterman.
fred, was this a credible threat against you? If so, this is exactly what these Criminals do and I am sure they have tried to get to the court also.
There is no doubt these Criminals was, are and is ALL OVER the WaMu tragedy. I just pray and hope this court cares a little bit in the least about the future, our childrens future, the U.S Constitution to deliver a just verdict!
VC. wow, there is like 22 cases and I wonder how long the average or even how long it took each one for a decision? I do not have the time but thank you very much for the insight!
Vodka, there is ONLY one way for WMIH to appreciate substancially and that is through a capital raise. Nothing else will work as one has to have a viable financial position to be able to purchase a profitable, income producing business.
Fifty to hundred million does not make the grade unless someone sells a profitable billion dollar company for say 100 million to be able to take advatage of the NOL's. Then within a year or two stock price would go up at least five fold.
Yes, this has happened before but will WMIH get a capital raise is the BIG MONEY question and I say YES IT WILL!!!
VC, this is a very good summary and I concur, especially if one considers the lenghth of time.
I hate to use this time as a precusor, but I cannot resist due to the fact it would have been very easy to get rid of this case if it were negative for UWBKQ Shareowners.
I am not surprised at anything anymore and I just hope as you say, the Judge calls the case with the facts presented without undue nudging from higher sources !
VC, Ah, that is what I am afraid of them knowing but yet are supressed from getting anything into the public sector as in the WaMu case. When these type of people do illegal or lets just say very unethical actions, the only thing they are afraid of is public awareness and/or factual news/print being written about the case.
VC, thank you, I wish the best for you and all UWBKQ folks here. Wow, would'nt that be great if it was your source? It should would be nice to hear some news about this before the verdict.
Fred, what you have said here makes much sense and this is very interesting, especially the piece abut the Wall St. Journal. If this is just speculation, does this come from verifiable and reliable sources?
As large as the WSJ is, it would seem to me if this is forth coming the stock would have "moved" one way or the other based on what is "rumored" to be said. Just curious as to where this came from and thank you in advance.
Fix, I will say one thing and let it drop because they have ALL colluded and yes, lets play this in front of a jury and then what do you think would happen? They would pay MULTI BILLIONS to avoid a jury, but unfortunately, that will never happen.
Any Judge who writes in her POR Opinion that a 110 year old bank's namesake, IP, various trademarks and so much more I will not go into is basically worthless is CORRUPT because she could NOT possibly be that stupid at this point, so that does not count!
Intellectual Property
Rockie, do not give Rosie so much credit as he could have NEVER gotten away with what he did without a VERY CORRUPT Judge!!!
Fred, I like that you are so confident but what makes you think the Government has not discussed this in one way or another with this Judge to get a ruling they want?
As you know this is what the Government does to cover up their internal crimes when they are caught. I am long and strong UWBKQ but I cannot get as confident as you are regardless of the evidence after witnessing the crime ridden saga of WaMu for almost four years.
Please stay long, strong and confident, but I am trying to keep myself grounded to negative so in the event the Criminals win again that I am not TOTALLY dissapointed.
Correction to my original post.
Our six months signed post confirmation date will pass on 9/22/2012
Date should be 8/22/2012.
An approaching anniversary and then the potential future
Well here we are approaching the fourth anniversary of one of the largest thefts ever perpetrated on the worldwide public that only a handful of people have ever known about in comparison to the population. The U.S. Government, its three branches of Government, Delaware Bankruptcy Court Judges, Henry (bald headed) Paulson, Sheila Bair, Jamie Dimon, several law firms and more all conspired to bring down a one hundred ten year old institution along with destroying forty five thousand plus employees, jobs, careers and future in September of 2008.
These people should all be proud of themselves and should be arrested and tried in front of an educated jury about what really happened and let the jury decide their fate as what would happen with any criminals caught in a multiple crime ridden drama. If only the REAL facts (Kirsten-you could have made true history) were portrayed in a movie and book deal where true justice could actually begin to tell the truth of this horrible travesty that devastated so many because of greed, power and knowing all along if they were caught nothing would happen.
Our six months signed post confirmation date will pass on 9/22/2012 and I really expect nothing much the rest of August. I would expect in September we will hear of some form of capitalization and then in October the announcement of a company that WMIH will buy and then for this to be closed by the end of December, 2012. I am not sure if the next major 8K filing will include capitalization and the announcement of who WMIH will purchase or if these will be separate, but my guess would be they will be separate.
The reason WMIH has no real building, business or C.E.O. is because the company they purchase will have all remaining items and necessary positions to make WMIH whole. WMIH may also have to have some reason to persuade their (Newco) Board of Directors to sell at a VERY good price and WMIH could offer some Board positions and the C.E.O. position to not only get a great deal for everybody going forward but to get the deal closed expeditiously.
Each month since the effective date of March 19th, 2012, WMIH has made filings and more building the necessary foundation to support the aforementioned actions that we will see soon. I expect nothing much the rest of August, but we will see major filings each of the next several months which will change the financial future of all seriously involved in the rebirth of the old institution formerly called WaMu!
VC, this is great news as I was hoping for SOMETHING and you have said there is plenty going on. That is good enough for now and I will eagerly wait a POSITIVE ruling for UWBKQ Shareowners.
My educated guess for a ruling is the last Thursday or Friday in August, 2012 and I hope it is not later than that.
very, just curious when you mentioned a while ago about a post of mine jump started you with getting this news out there with your source...how is that going and do you think it will happen?
CEMJQ, at least I hope the decision is no later than my educated guess of the last Thursday or Friday of August, 2012 for the POSITIVE outcome for UWBKQ Shareowners!
Yes, you are correct and I have my thougts on the last Thursday or Friday in August, 2012 for a POSITIVE ruling for UWBKQ Shareowners.
hubbub, when you insinute actions like this "why is THABJ in the news for everything except UWBKQ" it brings me nightmares of WaMu as in coverup...Lord let's hope this is not the case, but one does wonder why is ther no coverage or hopefully I just missed the information. Good luck and let us ALL hope for justice to prevail!!!
gary, this is great information and thank you for posting. As a matter of fact, I hope the FDIC disgusts her for all of their bullying, corruption, disrespect for laws and the constitution that she NAILS them to the wall!
VC, my guess is they could take an alternate available bank with charter and some cash, but I would think they (Government) would prefer UWBKQ take some money just to go away and not be heard from again.
Now we know the Government, if at all possible would rather waste taxpayer money and just tie this up for a decade or more which is their so called "motto" if they can.
It all depends on the decision from the Judge and if the Criminals are able to influence her directly or indirectly as in the WaMu case which of course is my BIGGEST FEAR!
Reters, even with a UWBKQ win, I do not think that will happen as the egg was scrambled on purpose. There are other possibilities and yes, I would love them to be FORCED into giving the banks back but realistically I do not think that will happen.
Radium, thank you as this is a very nice overview.
Well, here we sit just waiting on a huge hit. So, at the end of July there was a total of 45 days gone by waiting on a ruling. It would seem to me that THJABJ would know that UWBKQ's reorganization plan is due on October 01, 2012 in the Colorado Bankruptcy Court.
I would think that she would give UWBKQ at least a full month to put together after her ruling, but on one hand maybe they could end up cancelling the bankruptcy case with a positive ruling and/or settlement and the other hand a negative ruling would end it for most.
As far as a ruling goes, I will say she has to rule by the end of August. I will predict a HUGELY POSITIVE ruling for UWBKQ will come down on Thursday, August 30th or Friday, August 31st, 2012.
As I said, over ninety percent of all publically traded corporations are incorporated in Delaware and they are all connected, directly or indirectly.
In turn giving the filer's ANYTHING they want legal or not in order to bring their bankruptcy business to Delaware. The Federal Courts in other jurisdictions would not have even remotely close to the same connections if for no other reason than size.
Pick, the easist way to fix all of this Delaware fraud is really very simple. Ninety plus percent of all publically U.S. Traded Corporations are registered in Delaware.
Then when they get into trouble and file chapter 11 they would HAVE to file where they have their headquarters or where they do the MOST business.
I can tell for just about EVERY one, that WILL NOT be Delaware. There has been some movement towards this but not near enough as the CRIMINALS are protecting this cesspool of corruption!
VC, I hope that I would NOT be dissapointed as I have been the last four years and I have a feeling you have good news. Here is to hoping!!!
spot1roth@yahoo.com
VC, excellent, excellent, excellent and a HUGE thank you! I wish all the best of luck. I will not get my hopes up, but I am wishing and hoping for this corruption to actually make it into the public.
I have my doubts, because ninety plus percent of the worldwide communications are controlled by two or three people and one of them is Rupert Murdoch. When this investigation reaches a certain point or people, they will make calls to ensure this never sees the light of day or it is reported very different than what happened.
This is exactly what happened with WaMu and how they were able to keep this huge case totally blacked out worldwide since September of 2008. I would love to be wrong but what I have witnessed with WaMu reaches every level in the U.S. Government and all three branches. When they want to keep their corruption quiet, they start making calls and no unfortunately, this is not a conspiracy theory but facts based on people's actions.
Radium, this is a very nice post and thank you for your dedication and knowledge to the case (s) and I think DrRugby talked about getting past 45 days or so.
Then the case would appear to be much more in UWBKQ's favor going out 2-3 months. He has a fairly long post on this subject around the end of June I believe.
goph, you are correct if this piece (audit) comes out by itself and BEFORE post six months for either signed POR or the effective date, it will have virtually nothing other than what we already know. EXCEPT...EXCEPT...even though foot noted it still SHOULD show how many dollars in various tax attrbutes there are, whether we can use them or not. I am interested in the TOTAL.
Just because it says we cannot use them, YOU CAN BET the farm their intention is TO USE ALL OF THEM!!! That is is how these kind of sick people who can NEVER have enough power and money think!
Yanik, yes I am assuming the checks are for DIMEQ but there is no way to tell as the overpaid Criminals explain nothing.
I do not think they are going to pay the H's for some time and maybe not even this year. If they do, probably not till October at the earliest. I think this is to prevent retail from increasing their position in WMIH because they have had the money to pay the H's for some time.
I do not think they are going to pay the H's for some time and maybe not even this year and if they do probably not October at the earliest. I think this is to prevent retail from increasing their position in WMIH because they have had the money to pay the H's. I do not know what the checks are for exactly and I am sure this is by plan.
CWG, I had the same as you and did the same with commons to P's before the end also, if you only received two checks you should have another one coming. I do not like it because it does not say anything specific. Maybe one of these days we will have some more zero's behind these numbers.
Yanik and JHD, common sense tells me when one's actions are so hidden, they risked their standing in society, licenses and prison to get the remnants of NEWCO and so many more of the Criminals covert actions that "there has to be gold in them thar hills Partner" and so it goes we have survived the "big one" Martha!
We are on the otherside of the dam, however we are in boats and when they pull the plug to let the lake rise, we will rise with the tide and live to see their spoils...yes we will...yes we will!
CVG, I received three separate checks from the Liquidating Trust today.
Mary, Knights fiasco happened last Wednesday I believe and if you take into consideration the three day setttlement period which would be today, this may explain it because the price has changed very little considering the amount of shares traded.
Reters, yes, I think the latest the ruling will be is 9/15/2012 and the earliest it could be would be today, tonight and up to 9/15. I think THJABJ knows they need time to plan a reorganization, assuming this ruling is positive due to the October 1st deadline on the reorg being 10/1
UWBKQ, well here we are on day number fifty waiting on somthing positive to show up on Pacer today.