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...just a statement that the case has been settled.............that's all that is needed...............we don't care what the terms are..................because we are in it for AT LEAST "harvey"...............probably a tad mo...........
...c'mon, Heather.............break the news with an anonymous leak from someone............the western united nut will go on record..........believe he has......................just printing that there is a "resolution" is free speech in AMERIKA.............why in the H does the OCC/FDIC want the terms of the settlement to be kept a HUGE SECRET...................????????..........AIMHO..............
..........$4.00..........
...trust me..................this nightmare is SO OVER...........
...losing some confidence in the SEC......although pistol pete PUMA might be a moll...................................too weird.....
...FOUR MF DOLLARS..........................AIMHO.......
...we understand point 1 was so blatant that the case would have been sent back for trial - - basically the OTS did not follow some technical, step-by-step protocol required by the charter statute..............the OTS got lucky with amy who stalled as long as possible but the DOJ didn't "pull a trigger" (ahem!!!!!!)......
...all of this is mute...........................the deal is settled, imo............we believe the settlement discussions were long in progress........."harvey" +/- for dropping the APPEAL, imo...............AIMHO.......
.....my UWBKQ/FCNCA stock trades at $4.00 p/s.....
.....end of story..........................AIMHO......(larry's still paranoid about that - - I don't give 2 shts - - but whatever - - easier to just put it in every time).................
...JUST WAITING FOR THE NEWS OF THE SETTLEMENT, frankie.............
...a longer chase = a BIGGER CATCH.....................
...so tell us, frankie, what's our friend Johnnie Bowman been doing.............????????.........and Monica.......???????.........a real cutie pie.................no comment on the $800K.....................what $800K........??????......
...AIMHO..............this is going to be lotsa fun, frankie.................you'll be glad you stole us, someday...........................or not..............same with us.........................
...Guy and Tommy signed (and the FDIC had to endorse the OCC sig)..................we need the dweeb BK CT judge to sign and BK CT judges need a stack of approval sigs and waivers and pole dancers to spin a few..........................that's what we're waiting on...............if the Denver BJ gets some mouthies to BLAB.............................the SEC will shut this bad boy down......................................AIMHO...........but let's play with this for awhile.............who cares......???????........
...simply divide the FCNCA share price ($200) by the conversion rate (50, or 1 FCNCA share for each 50 UWBKQ)...........VOILA = $4.00 per.......................for example, 100,000 shares of UWBKQ would be converted to 2,000 shares of FCNCA at $200 per, or $400,000...........................$4.00 PER SHARE...........
...ONWARD.................hello.....??????............AIMHO.....
...HALT the GD stock........announce the settlement..........no specifics because the terms are confidential.........BIG F/-ing deal........................give us stock in frankie's zoo and we won't sue.........................
...letting this stock trade, if you want to call it that.........is ridiculous....................................and the SEC is at the controls.............................whatever.............
...I'm in the FCNCA camp..................moved on................
...AIMHO................................
...we tu low.....DEWEY DEFEATS TRUMAN........nappy headed hos........
...hello.......??????..............what the F is wrong with you folks............??????.............
...we own shares in FCNCA..........First-Citizens Bank & Trust Company.........................
...The company provides its services in North Carolina, Virginia, West Virginia, Maryland, Tennessee, Washington, California, Florida, Georgia, Texas, Arizona, New Mexico, Oregon, Colorado, Oklahoma, Kansas, Missouri, and Washington, DC. As of March 1, 2013, the company provided a range of financial services to individuals, businesses, professionals, and the medical community through a network of 414 branch offices, telephone banking, online banking, and ATMs. The company was founded in 1898 and is headquartered in Raleigh, North Carolina...............
...you flunks wanna party in Raleigh before we netjet down to n. captiva..................................or do we start in Denver and keep harvey in the loop..............???????????...........
...AIMHO...................
...I'm an FCNCA guy now.....TIME TO MOVE ON...............seriously, lets champion FCNCA................
...we're talking 1 share of FCNCA for each of our 50......or about $4.00 per share equivalent................nice........
...looking forward to rubbing elbows with frankie, jr............and his law firm business partner..........Venable LLP.............remember them......?????...........and guess who labors at Venable LLP................Honey the F/ BoBo...........WE ARE SOON TO BE BUSINESS ASSOCIATES WITH JOHN BOWMAN.............how f/-ing hilarious.........................life is BIGTIME fun.......
...AIMHO...............$4.00 per...............4 MF dollars...............TINGLE..........
...frankie and I are now - - or soon to be - - PARTNERS.............imagine that..................
...because UWBKQ shareholders are going to convert their common stock into newly-issued FCNCA..............very cool.........something like we get 1 share of FCNCA for each 50 shares of UWBKQ that we own today...........nice.........$4.00 per share equivalent for us............thank you, frankie...............
...we are looking forward to working with you, frankie...........hope you are feeling the love as well.......
...and who is are law firm partner, frankie................??????.........
...AIMHO.............................
.....BOWMANGATE is about over.....
...and with a bit of luck, we'll get our bank back.........although we're getting shares of FCNCA - - and 5 of those branches were originally United Western's................so it's a good thing LT.....................
...doesn't matter when or really how much or how many.............to me anyway..............rock on Merle Haggard.....
...AIMHO..................
...I'm trying to make contact with frankie............need to introduce myself more properly................given that I might be the 'western united nut' who has haunted frankie while this fairy tale plays out........................and since we are now - - - - okay, soon to be - - - - partners.............we need to make peace and join brain trusts................he might not employ me or give me a board seat..................but I can live with being a significant FCNCA shareholder............kind of fun.......
...AIMHO..........................
...Dudes with connections to UWBKQ and a few hundred mill in cash have a bit more street cred than an Okie from Muskogee (with the corn cob shoved in deep).......................
...and this stock is really not even trading...................the BK CT in Denver is a rough and tumble venue...........sure, involved parties have signed 'no disclosure' agreements..............not much to disclose............we've read "harvey"....................just need to fill in the amounts and agree not to sue any FASCISTS......................done deal......AIMHO......................
...frankie can romp with me..................the alternative was to play checkers with Bernie Madoff................and the FDIC will offset some of the impact..............................AIMHO........
...I feel like I'm on the 'naked and afraid' show where we're stuck on a remote island for awhile..................the survival nightmare is ALMOST OVER..............almost............when the BID is about 30 pennies HIGHER......yes HIGHER than the ASK..........................say $2.40/$2.10, with no volume...............................oh yea.........!!!!!!!!!.............talk about a SACK TINGLE............first cocktail on the maiden launch of the 610.......................................sweeeeeeet............
...SEC (CO BK Trustee) is allowing this stock to TRADE.............so let's trade....................................it's probably a trap for anybody with inside information to load up.................
...just a matter of time......................mayhaps a yapper will speak with the Denver BJ.......................then reality sets in...........................looking forward to being partners with frankie...........................AIMHO..................
.....this MF is settled...........you think we drop a $500MM rock solid claim without a signed, sealed and delivered SETTLEMENT....................??????...........
...we're BIG BOYS playin' hardball.....................AIMHO...........9.8 pennies, 12 pennies...........$2.70.............??????...........just numbers...........mine is worth $6.00 p/s worth of frankie's junk..................................very cool...............
...WHY IS THE SETTLEMENT SUCH A SUPER SECRET.........??????.......
...this only makes the SETTLEMENT look BIGGER...........hello.....?????................
...so if Guy agreed to SETTLE, we get at least "harvey" which is $80MM.........................$100MM.........to Class 8 charismatics..............???????............or $3.40 p/s in CASH..............much more if you want payment in frankie's stock............................nice stuff........this SECRECY.............
...AIMHO.........................
...an unconditional release of all claims present and future in exchange for 1 share of FCNCA common stock - - for each 72 shares of UWBKQ (as holder on the record date of 8-1-2013).............END......................all other matters forever SEALED..................
...claimants 1-7 get cash - - details and amounts sealed.........
...that's it.......................sell for about $2.50 p/s now or take about $3 p/s worth of frankie's stock - - tax deferred.......
...that's my opinion..........it ain't EIGHT BUCKS p/s, but it's also not 9.8 pennies p/s.......................
...very simple ending to this NIGHTMARE.........all, IMO........mine, not larry's.............
.....SEALED SETTLEMENT AGREEMENTS.....
...very common with federal gov't agencies involved, possible unresolved criminal violations and large financial sums in dispute...................UWBKQ vs. OCC............classic case that would command a settlement agreement that is sealed..............even in a BK CT........................all the more reason.......................
...so we may never know what Guy agreed to or did not agree to.....................and who cares.......??????............
...just SHOW US THE MONEY.....................or stock in frankie's banking enterprise.........................AIMHO..........
...btw, some nice folks who live about 14,000 ASL contend that UWBKQ shareholders might have agreed to something which includes a payout to shareholders of $8-to-$10 p/s.................they're sayin' that, not me..............and we know what's legal to smoke in CO.................................????...............
...how could someone buy, like 1MM shares.........?????.......impossible..........the buyer could get piecemeal shares of 1,250, then 15,000, then 2,000............meaningless...............
...I'd sell a few blocks of 100,000.........but I want $2.70 per share...................Billy Blair wants $3 per.........and he has 20MM shares.....................................see my point.......
...best to just hold on and ride this pony awhile.............we might miss this drama even with $3 p/s in our pocket...........would prefer $5 p/s worth of frankie's S & L, tax deferred.............but we'll see if we get a choice..........
...AIMHO...................
...that's just about exactly what I was thinking, date-wise..........the share price should trade a couple of weeks at about 80% of the s/p payout, imo..............$3.50 in cash p/s and the stock dawdles awhile at $3.15 +/-...............some will grab and run.............26MM shares waits for the saturday mail man.........AIMHO........
...this entire mess is just about closed, imo................and really, the stock is not trading at present..........c'mon......
...Ambase news came from an 8-K..............
...Ambase negotiated a large settlement ($181MM, after-tax) from the US government in August of 2012 relating to a supervisory goodwill suit dating back to 1991.
...AmBase Corporation (OTC:ABCP, ABCP message board) had a mind-blowing session yesterday (9/2/2011). ABCP closed up 309.68% at $1.27 with more than 2.5 million shares traded. The cause for the fantastic performance is an 8-K form the company filed yesterday.
...It reveals that on Aug. 31 Judge Loren Smith of the United States Court of Federal Claims issued an opinion in ABCP's legal proceedings, awarding the company $205 million in lost value expectancy damages, plus tax gross-up if applicable.
...our news will come via PACER in a BK CT edict, imo........
...same reason that it's trading now...........it's a publicly-trade stock...................it might be halted, initially..............................no problem with the stock trading...............trade or don't trade...............AIMHO...
...in the blink of an eye.......the settlement terms are announced as approved by the BK CT............the share price will react accordingly with a payout date and payments to shareholders of record on a specified date...................so the stock will trade for about three weeks after the announcement.................the payments will be swift because they are coming through the BK CT...............
...and the nightmare is over................very, very soon........solved, done and gone.........................AIMHO.....
...the llc is.................
...with $2.70 p/s, no problem with fuel or chicks or cocktails..............we're cruising the gulf coast........naples up to clearwater............hitching up at useppa............done deal................
...a check for $2.70 p/s is in the mail to my various brokerage accounts................................
...If I believe this FACT........it is TRUE.................and I believe it...............................no more disclaimers, larry................................f/you............incompetent spineless flub..........................................
...amy would've been appealed - - either way..........and she might have awarded us something like a dollar - - or ruled in our favor to lock us out of a reasonable settlement...............amy is dirt, imo......and nothing but a political shill, imo.......
...federal appeals courts are where the action is............and seasoned attorneys working this venue told me that FACT.......our risk was that the APPEALS court would send the case back for a full trial...................not all that bad..............the OCC/FDIC did not want to fight, imo.........................can't blame them....................FOUR F/ing SMOKING GUNS.......not one...............FOUR..................ROCK SOLID............write the $200MM check to harvey and we all move on.................do it now...........................................AIMHO...........
...the "leverage" ratio is a new term when applied to a bank's financial statements.......and not really applicable - - except now and it's worldwide..............traditionally, leverage ratios are simply debt-to-worth ratios...........doesn't apply to banks......................Tier 1 (and 2) capital ratios historically apply to banks........................Tier 1 is basically NW, or assets minus liabilities with some qualifiers...........Tier 2 simply adds back sub debt, some reserves and some cumulative securities.........
...and in our case, a 5% Tier 1 was only a danger level.....not seizure level.....we were well beyond this level................the OTS/OCC got amy to believe the deposit date issue allowed Honey BoBo to ILLEGALLY SEIZE our bank........and only capital levels can cause a SEIZURE.............we could not prove what the OTS did was unreasonable............a legal technicality, and amy knew it.....................she punted.................AIMHO.......
...we could be SHOCKED by the terms of the SETTLEMENT..........imo...
...the amount of money the Respondents have available is unlimited.........this is important................what if the OCC (U. S. Treasury) and frankie (FCNCA) were broke.....??????......these flunkies could pull 'harvey's' $200MM out of the ashtrays in their rusty mazdas................and they probably already have........................AIMHO......
...again, I agree.................note that United Western Bank via BS asked to withdraw the APPEAL.........................and made mention of the "Chapter 7" proceedings.............and we (UWBKQ the bank holding company) chose not to fight the "7" vs. "11", as directed by the BK Trustee(s) ..................
...legalities, of course............bottom line: what the H is the settlement........??????...........even if it's some wildly concocted maze of cash and stock.............the s/p would spike past $2..............whether it's 'harvey', frankie doing a rusty trombone...........or cash on the barrel head...............AIMHO.......
...Affirmative............pure logic, if nothing else..........
...the timing of the withdrawal of the APPEAL, these behind the scenes BK CT activities, the unusually cooperative nature of the FDIC, frankie's board's approval to issue special stock, BS actions (dropping an APPEAL at the point of the re-response), harvey's demeanor......................ETC........................
...sure, I'm a tad skeptical because I've been wiped out three times.................but the bank was seized without justification.....................and those 4 smoking guns aren't long shot pipe-dreams..........................
...AIMHO...................
...is the SEC tracing all trades since 4/23/13.........???????......
...given that BK CT redaction date - - anyone with true inside information could only buy or sell small increments without being detected............and ALL TRADES might be traced regardless......
...nobody I tried to speak with concerning this case DENIED that a resolution was in progress...........................hang up......??????...........yes.........return call....???????........none......
...lots of theories abound as to what is going on..............I believe if BS bailed - - actually, if we bailed - - because the effort would be in vain - - why did we say we bailed because "it was in our best interest"......????????.......and why doesn't anyone at BS simply say that the case is DEAD.......??????.......not mine............until I see the SETTLEMENT AGREEMENT............if there is one........
...AIMHO................................
...believe I've done this on numerous occasions..............
...the facts support the THEORY that Guy signed a SETTLEMENT AGREEMENT which had to be conditioned with a BK CT approval.........the FDIC is controlling everything.............the agreement currently is in the BK CT and has been or is being circulated among the relevant parties.........and there is a very strict requirement that the agreement and all terms be kept confidential..........STRICT........
...the BK CT can't approve anything until all named claimants give either consent or commment or both.................
...amounts.....??????.........dunno............somebody whispered $150MM...........$42.5MM each to us and BS.......about $60MM to claimants.......................30-day payout............also heard our $42.5MM is coming in the form of stock in frankie's credit union...................................all conjecture.......
...sirs, my bank was ILLEGALLY SEIZED by a self-dealing, lowlife BUREAUCRAT and his compatriots/wife...........................and we tried to get the bank back using the AMERIKAN due process of law...........and could not..........
...so here we sit........................waiting for WHAT..........June 19......??????...........when is that.....??????..........self-help books or con man ethics or whatever is not going to assist me or improve my already high level of charisma........F/ all that krap....................and I ain't getting my bank back..........................would a SETTLEMENT of about $3.50 per share +/- make me happy....................?????.............possibly..........
...I can't sell because if I sold 20% of the average amount of UWBKQ traded daily........................it would take a couple of years to UNLOAD............................hello.......??????......hello.......???????................
...the truth is, and the facts support that the FDIC beagles and probably venable llp wired up a 'creative' settlement and snuck it in the SIDE DOOR of the BK CT......................ultimately, we'll get that $1.33 per..................AIMHO.............that's today's leak........................don't know what happens "June 19"......................................maybe peter pan drops a load......................
...and for Rule 54 to occur.......that is, for amy to reconsider..........tangible EVIDENCE must be presented to the trial court judge which was not CONSIDERED during the original deliberation.....................and there is a paper trail........a pile which is higher than Mt. Everest.........
...never would an amy Rule 54 be buried away and hidden by redaction in a BK CT.......................amy's decision pertained to the BANK...............not the holding company...........AIMHO..........
...some rich dude in CO plans to buy out all of UWBKQ once the BK CT approves the SETTLEMENT................heard that one before...................that's about as OUTRAGEOUS as the comment that amy is changing her decision...........................that nonsense might have gotten a part of someone's anatomy CUT OFF June 19 - - whenever that is..........................
...longer CHASE = bigger CATCH...........................M-F/--er better hurry the F up.............................this is BIG BOY beach ball..............................AIMHO......
...SEC is the CO BK Trustee.............if a CONDITIONAL SETTLEMENT AGREEMENT has been signed and submitted to the BK CT...........IF.........IF...........trading in the stock should be HALTED, imo.......................because the agreement is only SUBMITTED and may contain nonsense or something outrageous or might not be approved.............or might be partially approved.........
...and there is a legal PROCESS, aside from us FLUBS yanking this stock on the sidelines....................
...SOMETHING GOING ON WITH THIS ENTIRE SITUATION IS JUST WEIRD..............bizarre, freakie, unexplained, ETC........it just is.................even if the GD stock was trading at 1.5 pennies............................which is where is should be.........
...whatever.......................I'll never sell or bail or panic or become a FASCIST...........................AIMHO......