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...observation: why won't any of the attorneys that WE EMPLOY make any statement or comment or communicate with some of the largest UWBKQ shareholders............????????........
...just asking........??????..........and why is the gov't also hiding......................and requiring everyone to swear to secrecy.........................??????........
...is the answer because the case is dead.......??????.......
...and the Denver BJ can't get anybody involved in this mystery to say a word about anything..................
...AIMHO........
_______________ZEN_______________
...understand the ions.......
...our banking org. was taken from us without cause.........negative vibes created.............
...in time, this imbalance will be corrected...................
...had to re-read the first line of that post a few times, PINKIE.....................might have another meaning (ahem).........
...the highlight+ suggestion really isn't negotiable, PINKIE...........just lighten it up slowly..............
...and congrats on your stock purchase..............nothing like a ten-banger...............................trust me........
...AIMHO........................
...HYPOTHETICAL HARVEY also shocked me...........I have a legal opinion that 'harvey' could be considered contemptuous in the event that the assumptions had no basis in fact............
...but "harvey" gave the OCC/FDIC a framework and showed the basic suit legal beagles that any settlement had to be approved by the BK CT........which has superior jurisdiction even over the separate bank suit.........................AIMHO..................pretty obvious we dropped the APPEAL as part of the settlement agreement.......................drama is fun..............
...AGREED.........I'm baffled that the SEC lets the stock trade, particularly since the SEC is the BK Co-Trustee.............I think the SEC is letting the stock trade as a sort of grand-standing that the SETTLEMENT is top secret...........
...but I'm taking stock in FRANKIE FEDERAL..........soon to be known as FREDDIE FEDERAL.........................AIMHO..........this comedy/tragedy is about over, one way or the other..........................
...settlement = $5 p/s in frankie federal stock..........
...my point is that confirmed NEWS of a settlement will cause the stock to SPIKE...........................AIMHO..........
...if Heather Draper gets two sources to confirm the settlement....................$1.33.............instantly........and one of the sources can't be me...............whoever I am..........
...we don't need the terms of the settlement...........'cause the FDIC ain't never gonna let the specifics be disclosed..........nobody cares as long as the cash or stock certificates in frankie's bank are put in a dirty paper bag and handed over....................AIMHO......
.......It's not about the money........
...FRED knows nothing and is the worst of 'em............
...ACKNOWLEDGED AND AGREED.........by Fred O. Scott...........
...___________________________
Fred O. Scott
...On this 17th day of July, In the year of our Lord, Two-Thousand, Thirteen.....................................
...the stock is worthless because UWBKQ dropped the APPEAL and gave up and the BK CT will determine that Claimant 8 gets 0 dollars..............................
...TOTAL WIPE OUT...........................
...WE CONTROL WHATEVER GOES IN TO THE BK CT................
...any shareholder who has a weak constitution can SELL once the Denver BJ or Denver Post prints simply that some form of a SETTLEMENT is working thru the BK CT...............take the mystery out of the s/p.................even without any settlement terms..............$2.00+................then the REALITY per PACER or the BK CT clerk news release............FIVE MF dollars........
...I'm not wavering for one second...................Billy Blair could panic and dump 20MM shares for 1.5 pennies............wouldn't faze me in the least...........
...FIVE big ones PER.........................AIMHO..........dream big................................
...WE AGREED TO SETTLE FOR AT LEAST "HARVEY"..............and that was originally about $80MM left for Class 8 claimants.........we get more...............
...the poetic justice of this BK is that WE.....US......UWBKQ shareholders 100% CONTROL what goes in to the BK CT.........very unlike typical BK's................where equity shareholders get NOTHING........................WE CONTROL 100% of the monies going into the BK CT...................................if we were not offered the "HARVEY" plus $20MM (in frankie federal)...........then we SUE the F out of them..........which we did........and settled at the APPEAL........NO SETTLEMENT = NO MONEY in the BK CT................but it's done, over, finished.........................'settled'....................
...THERE IS NO MYSTERY HERE AT ALL..................ok, the terms of the settlement might be sealed.............SEAL 'EM............mail us the checks or we convert shareholders of record into frankie's poop.......................AIMHO.........
...believe the cutoff date is/was 7/23/13............there is something weird going on behind the scenes...........which COULD be some type of isolated settlements with each claimant SEPARATELY..........
...we heard this had been going on since day one..........................everything is very, very SECRETIVE.........who cares..........???????.........put the cash or stock in FRANKIE FEDERAL on the barrel head and we move on...........
...and we are going to end up as business associates with John E. Bowman.........................and we might even party very soon with Monica............................not a prob, pard.........'cause I got $5.00 p/s in my pocket.......
...AIMHO................
...WHY IS THE OCC/FDIC SO PARANOID ABOUT ANNOUNCING THE SETTLEMENT.........??????............WHAT ARE THEY HIDING.....??????
...when the news that a SETTLEMENT is complete..............not the terms because we may never know........JUST THE NEWS THAT UWBKQ vs. OCC is SETTLED........................instant $2.33+............GUARAN---F/ing---TEED...............webelieves the Denver BJ is about ready to LAUNCH............whatever.......AIMHO............
...WAS TOLD THE SEC WOULD ONLY HALT TO STOP A FREE FALL............and the MM's could not support a collapse..................like Billy Blair decides to dump 20MM shares at the market...................1.5 pennies...............won't happen..........Billy's in it to the end..................................1.5 pennies or $5.00.........
...and I corrected the 'special dividend' announcement date (4/19).........sorry..........I didn't know the date........larry doesn't know today's date.............
...AIMHO.........
...$5.00..............FIVE.......that's fin.......per share........
.....HUGE LEGAL NEWS.....
...larry says not to post......so I will............
...back in mid April, the BK CT quietly requested claimants for any seemingly innocent special dividends............YAWN.........
...UNBELIEVABLE...........this became the call for SETTLEMENT CLAIMS..............what settlement.........????????..........hello.......???????........
...MF 'hypothetical harvey'...........7/23/13.............close the claims for the SETTLEMENT........THE SETTLEMENT.........the one we agreed to.................THAT SETTLEMENT..........
...my stock is worth $5.00 ($4.00 yesterday) TODAY........in FCNCA stock..............1 for 40 TODAY...............
...private message to the PINKSTER: could we highlight the mane.....and fluff it up a tad..............???????.........
...AIMHO.............
...OMG......PINKIE'S BACK...............not sure if that is a good omen or a BAD OMEN......................???????............
...at $4.00+ p/s, PINKIE'S man-seeking radar came back to this board...............................off the record, PINKIE, you'd look good on the deck of my new 610.............................although you've got some competition........................that $4.00 p/s stirs up some totally hot sun seekers..........................just sayin'.......AIMHO.........................
...definitely NO LEAKS of the settlement agreement...............that was signed by Guy, Tommy and Marty............................believe we - - that's us - - agreed to DROP the APPEAL in exchange for certain specified "considerations".................................
...WHY THE F DID WE DROP THE APPEAL - - NEARLY ON THE DAY THE ACTUAL APPEAL WOULD BE COMPLETE...................???????.............aimho............................
...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........