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Reters, I think many people think the ruling is very soon because the opinion of Poster DrRugby thought her ruling may have been out around the July 4th Holiday and if not then it would more than likely be the end of July which would be a total of forty five days which was DrRugby's time frame for the ruling...in other words forty five days or less.
VC, patience indeed! Lord knows I have that since 9/22/2008 to current with WaMu. How have you handicapped this Judge, court legal teams, evidence from both sides and so forth? I would appreciate your thoughts and other long term knowledgeable posters since you have been here for quite a while.
Here is to a great weekend and maybe a very positive ruling soon for UWBKQ!
Yo Fred, what is Judge ABJ waiting on...Christmas?
DrRugby, you have had some great insight and opinions on UWBKQ and I appeciate some of the questions you and others have answered for me to help bring me up to speed.
I am hoping DrR is one hundred percent correct in his ruling within forty five days which will end...I believe on on 7/31 and then being right on the MOST important piece which is justice for UWBKQ.....Go UWBKQ!!!
I hope everybody has a very safe and enjoyable weekend.
Reter, good call and I hope you do very well. How does that $530 dollar strike price work? No worries about responding or not. I have finally built my position up in UBWKQ and if it hits anytime soon, I will take half of that and pour back into WMIH.
Radiun and Reters, I love your optimism but I hope you are not to overly optimistic and I am impressed with you Reters as you can now buy 200,000 more shares as Apple has just missed it's target and is now tanking
WMIH shows it is Federally Chartered Savngs Institution?
Does this surprise anyone?
Mailing Address 1201 THIRD AVENUESUITE 3000 SEATTLE WA 98101
Business Address 1201 THIRD AVENUESUITE 3000 SEATTLE WA 98101 206-461-2000
WMI HOLDINGS CORP. CIK#: 0000933136 (see all company filings)
SIC: 6035 - SAVINGS INSTITUTION, FEDERALLY CHARTERED
State location: WA | State of Inc.: WA | Fiscal Year End: 1231
formerly: WASHINGTON MUTUAL INC (filings through 2006-10-12)
formerly: WASHINGTON MUTUAL, INC (filings through 2012-03-20)
(Assistant Director Office: 7)
Get insider transactions for this issuer.
http://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000933136&type=&dateb=&owner=include&start=0&count=40
Looking, here you go. try this link.
http://windows.microsoft.com/en-us/windows7/Take-a-screen-capture-print-your-screen
Thank you VC!
Stock, thanks and looking for the BIG ONE now and I have a feeling WE WILL get the judgement we so richly deserve!!!
Gary, when you say screen shot do you mean to ...highlight screen and then ctrl...copy?
Stock, this is great news. Did you see a filing? Maybe UWBKQ's next filing will be the return of our bank or something similar!!!
drR, always nice to read your posts, as many people including myself value your input and thank you for that.
I believe you have said that in your opinion we have been in the GOLDEN PERIOD for about five days or so. This is getting exciting and I certainly hope that justice prevails.
I feel for anybody that has been done wrong with our system and this Judge COULD make many feel much better about our country if the "right action" is taken.
I wish ALL sincere people the very best, stay safe, enjoy the weekend and the best of luck!
Yanik, hope you are doing well. I am amazed at many of the so called WMIH "longs" who have nothing to say other than negativity on a some of these boards. You are "spot on" with not only your statements and opinions but your over-all view of this is also correct.
I have always said, if you give some people a new car, they would bi*** about the color. WMIH has finally come out and told us exactly what I wanted to hear since they cannot tell us more without giving away information about merger targets, amount of capital raise and other valuable information about what they are thinking. This is the very first leg and we will hear much, much more once we get past the third week of August, 2012.
By the time the "snow blows" in year 2012, WMIH will look much, much different in a VERY positive way. It will be very interesting to see how this trades tomorrow since the press release in Seattle and the news published with Fidelity and others. Take care on your road to wealth and have a nice weekend!
drrugby, thanks for the link. Amazing that this kind of stuff is still going on. It just goes to prove one of my points, very little if any check and balance. They will not even say if the employees have been fired which means they were not and so we continue with very little check and balance.
dr, would you agree with my thought that Judge Amy does NOT like the Government overstepping their bounds and when they do she rules accordingly? The more I learn about UWBKQ, the more I like the facts that UWBKQ SHOULD win, but then as you know I am very skepticle at this point. Have a good day!
Notrich, basically all of this boils down to one action. This action will be the integrity of the Judge and if she can be convinced legally or otherwise to see it the Government's way and if this is the case it is over.
I said this earlier, but it appears that Judge Amy does NOT like when the Government oversteps it's bounds and if this holds true here, we are golden!
This stock will rise considerably if the Judge orders this to a Jury Trial and the reason is that a Jury would no doubt side with UWBKQ and most people know that a jury cannot be coerced in the way one person, one Judge or ANY one person could be.
I say if this goes to trial, the stock will trade between forty and seventy cents until more people find out, but the delays at this point would go on for a VERY, VERY long time because this is part of the Government's strategy
fred, IMHO there is no way the Government settles ahead of time and I hope that I am so, so, so wrong! They will use their resources to try and convince the other Government Employee (Judge Amy B. Jackson) to see it their way.
If the Judge really wants to do the right action and "find" for UWBKQ, then all the Government will do is delay, appeal, delay, appeal and if that will not totally work, then they could finally settle. Unfortunately, there is no check and balance with the Government and they have endless taxpayer money to willfully waste.
According to what I have read about this Judge is that she does not like the Government overstepping their bounds and if the pressure on her is not to great then UWBKQ may actually win this case.
I have finally been able to get enough shares to make a difference but I am VERY suspect. I know one cannot compare apples and oranges, but I have been involved with the WaMu crime ridden saga for almost four years, so yes I have seen it all!
Catz, no worries and have a nice weekend. I will say this. If WMIH is capitalized properly and the Leaders try and do the correct action as most people running a company would, then I expect a much higher stock price from whatever price WMIH is actully iniated with in a similar time frame as Kmart. This would primarily due to NOL's and whatever else could be there.
Catz, simply put once this mess passes six months plus from the POR Confirmation date and once WMIH starts reporting their quarterly results, the cream (if there is any) will be baked into each quarterly report inflating the stock price.
In Kmart's case from a twelve to eighteen month time frame from their six months plus signed POR, their stock hit a high in the $170.00 dollar range. Now one cannot compare this in its entirety because there is a difference in outstanding shares and so on.
One can compare their dramatic share price increase when they baked in the real value of their real estate holdings each quarter following the six months plus which gave their stock price the dramatic increase.
I have not said you were off base in your time frames or criticized you on your statements, other than to put up discussion points of my own to enhance and get people to bring out their own thoughts.
Unless one is God and there is NOBODY here that I can relate that title to, then anything said about the future other than death is just a prediction or one's thought process based on actions that may have happened in the past.
Keep in mind, there has been no law and order, just a case full of corruption. This all starting with the very highest in the land, corrupting three branches of th U.S. Government and continuing on down to the point of blacking out worldwide commmunication to cover their crimes.
There is litterally nothing that one can predict other than more corruption. Who in the world other than those that prticipated in all of these crimes would have thought this was actually taking place in the United States of America?
Catz, you said, "P.S. I encourage those who are in the "6-month and 1 day" camp to please, go ahead and give us the "next" item you are going to proffer, once that day occurs -- those doing Due Diligence - might as well start working on that theory too".
I will add it is not necessarily six months and a day BUT six months PLUS meaning they will let the true value, items valued improperly or other to start surfacing during their quarterly reports thus inflating the TRUE value of WHATEVER.
With that said, look for this type of action during the year following six months PLUS as what happened in other bankruptcy cases such as Kmart. No, I am not going to supply links as I know this to be the factual and I will task the people who are curious and want verification to do their own due diligence with Google and the Delaware bankruptcy system.
Radium, this is a very nice, professional and thoughtful reply that I appreciate and thank you for that!
radium, since you have been following this case much more closely than I and if you separate your emotions, what are your thoughts based on facts with this Judge? What are the odds of her doing the right thing in this case since she is a Federal Government employee?
Vod, the 180 days which is what they go by starts from the date the POR was signed in February, 2012 and I believe the date is August, 22nd, 2012.
Reters, unfortunately I agree with you. There is no check and balance with the Government people because if there was they would NEVER seize private property for the sole reason to continue to cover up their own illegalities, mistakes and more.
Just as in the WaMu case, there are no mistakes here, just premeditated and orchestrated fraud, theft and illegal seizure. If the Government had a check and balance there is no way they would let these kind cases go to a verdict, knowing if the law is enforced they cannot win.
They may do this if they are using undue influence, coercion and threats through direct or indirect communication to this court. Then they will wait to see if the Criminals get the verdict they are trying for and if not, then and only then will they settle.
I am sorry but I have four years experience (WaMu) with our corrupt Government and the same applies to the Delaware Bankruptcy system, so I do not hold out total hope based on the law. There are many positive differences in UWBKQ case and I still like the odds but one has to be extremely careful here!
dr, this is a very nice reply with excellent details. I have been able to do quite a bit of D.D. and thank you for your information as this helps immensely.
I wish the best to you and other people who have been involved with this for so long. Take care and lets hope and pray for JUSTICE to be served properly!
Gary, thank you and I just hope we are not Gluttons for punishment; buying into ANOTHER one of these plays. Take care and hope for at least one very good outcome!
Reters, thank you for the very nice timeline and reply. I have been doing much catch up as I spent most of my allocated time the last four years doing D.D on WaMu. I feel very strongly that in the NEWCO of WMIH (old WaMu) that equity received will turn out very well between now and the next year.
This is due to anywhere between 15 and 45 billion dollars worth of various tax attributes. I feel there is no way that these kind of money people are NOT going to capitalize and mazimize the new WaMu. I have been wrong before and can be again but this should be an excellent bet! I have FINALLY got a respectable position in UWBKQ.
I wish EVERYBODY that is sincere here the very best as I have been through hell the last four years and know how all of this feels. I am so glad there is a respectable Judge in this case or so it seems and I hope and pray she does the "RIGHT" thing and finds for justice which is no doubt on the side of UWBKQ!
DrR, correct me if I am wrong, but I believe tomorrow will be day number sixty and I hope you are correct with your assessment. I believe you have been very good so far!
Reters, thank you and I think this is even better but I am not sure which area this case falls under but will review. Good luck to ALL people who believe in justice and let's ALL hope and pray that justice will win over the Criminals!
gary, thank you and I will see what I can find. I know in the WaMu case that the Judge was suppose to rule within a 45 day time frame and in each of the first two failed Plan of Reorganizations, the Judge did just that and I think the second POR she ruled with three weeks.
Does anyone know when the Judge has to rule on UWBKQ? I am sure there are guidelines followed by how many days she has to make a ruling. I used to think it was 45 days but I do not know for sure when this timeframe would have started.
Rockie, I am not sure what you mean by that unless you think I am "double talking" about these people being well educated, smart, wealthy and highly successful. Well they are but that does not take away from them not wanting the real world to know the truth about how they make so much money.
IMHO, what they are doing is trading but ILLEGAL by insider trading. Nobody and I mean NOBODY is going to invest the kind of money these people do in bankrupt companys, unless they know what is going to happen next and this is just common sense!
Most of these people contribute enough so the SEC and other Government Agencies look the other way and then of course they let some crooked Politians in on the deal also to keep them quiet.
Night, good questions but very easy to answer. Most people have forgotten about this multiple crime ridden tragedy called WaMu and with that said VERY few people EVER knew about this to begin with when looking at this from a global perspective. This tragedy that destroyed and continues to destroy so many people was blacked out worldwide and when anything at all was reported, it was tremendously slanted or in other words totally fabricated when they did report.
Second of all, if you made your living illegally from insider trading and you were almost busted once, just how many people would you tell?. These people want everybody in their circle to think they are doing all of this legally and that they are so, so, so smart and yes they are much smarter than the average Bear! There are VERY few people in these people's inner circle and the ones that are-are already in on the deal or will be asked to shortly if they have not already.
This would be a five to ten dollar stock IMMEDIATEY with one and just one article in a major newspaper such as the Wall Street, FT, US Today or something similar that would discuss WMIH's potential with the assets and how other company's have made the use of tax attributes very lucrative and successful. Keep in mind how could ANYBODY invest in something with ABSOULTELY nothing being written or talked about in a positive and correct fashion because how would they know about this play?
Pick, thanks and yes this whole system is one huge cesspool of fraud and corruption spearheaded by the U.S. Government! Meanwhile we have a very corrupt U.S. Trustee who just sits by making sure the fraud and corruption continues to go unabated. The future of this ONCE great country and its future children have never been more at risk!
A repost of mine but still very relevant - Just one question!
I know the action has been very slow with what we have been through the last almost four years, but this post is very relevant for those Naysayers and for other people who 'just do not get it' and what I mean by this follows.
Attention ALL Naysayers - One Question? All one has to do is ask themselves and honestly answer one question.
That being do you REALLY think, very wealthy, highly educated, very connected people who regularly make investments of hundreds of millions into the billions of "face" value of distressed debt will blow a once in a lifetime opportunity to monetize anywhere from 15 to 45 billion dollars of various types of tax attributes that would cover anywhere from 10-20 years of not paying income tax on monies made?
Not to mention, the players could have exited this play multiple times over this very long period of time but yet they risked going to prison, fought equity tooth and nail and to this day control and own the majority of WMIH whether directly or indirectly. This action in-of itself should show a reasonable person with common sense that this play must be very valuable!
Hello drrugby, I appreciate your knowledge and expertise on this case and when you say "black or white" outcome; I agree to the extent there will be some sort of outcome. Do you not think this Judge would say or do something to let these people involved know they had better settle based on the information at hand?
The people involved should know how lopsided this case really is to go ahead and settle or do you think the Government does not really care and should they lose they will just tie this up for another several years on appeal before they pay anything?
My thoughts are any NORMAL party would settle when they are in a lopsided case but maybe because we are dealing with the Government a normal rational party does not apply? I am always interested in your thoughts on this case. Thank you and have a great upcoming weekend!
Catz, no worries as everybody is entitled to their thoughts and reasons, albeit some are 'out there' and some are in line with what has traspired in this case.
AND that is why I say it was prearranged to take twenty and maybe even thirty percent off the top (legal bills) of what ever Rosie could make up and bill, so people actually think there is some justice to this very corrupt court.
Catz, IMHO this poor excuse for a court will take away twenty percent that was probably already preplanned when this Judge and Rosie were hand picked to undertake this crime ridden saga which Walrath thinks will give her credibility. It will get written up in law reviews how great she is at managing her court, fees and other nonsense.
Generally the idea is to get out BEFORE the company quits pumping this nonsense. Of course, all of this is wrong but as along as they pump the stock and you get in/out at the correct time; it is called making money and one can profit!