Lucky, I think the back interest owed on the P’s & K’s will have to paid in cash. Thoughts??

Lucky I’m not sure the can have cash for shares if any cash is available.

Exdimer, you think we’ve seen all documents under seal? We have not.
So you may be correct, but it’s not for public knowledge.

Hotmeat, if your correct. How does the LT move any assets returned to any company then? Cash sale?

Why if they stated it before. It would be nice to reinforce the obvious, but they didn’t state any change of plans?
I guess that’s a positive spin.

What?? Oh k?

Hey Peyton?

New player 1.9 Million shares: CHEYNE CAPITAL MANAGEMENT (UK)

Curtesy of Mr Simpson on the other board.

So let me start the whining for you?
“BUT HOW IS THE PRICE GOING DOWN!!!” The only thing I can tell you is we’re in bed with some nasty folks.

I am at 3 different brokerage with escrows and none will allow me to transfer them to my Roth’s. They say they show zero value. I call it BS.

They didn’t, I was referring to the LT.
But it still should act as a trigger, hopefully.

Well according to what I’ve been reading. It’s a possibility. You’ll need other factors to happen simultaneously for WMIH to see a great increase. All they have mentioned is the 1031. Hopefully the exchange event will kick start other actions like a share exchange event.

Are you saying only the escrow holders should look forward to the 1031 exchange?

Yeah right, escrows we’re not issued till 2012? Get your facts straight.

I thought the next 10k was due 11/15?
Not next week?

That’s right...I only care about 12/31/17. Let the Holiday Season start!!!

I’m just glad for movement either way.
Either this is over and everyone lost or there converting shares.

Let’s get it on....

My guess is about Sept 2018.
They have done nothing 1 minute early in this whole fiasco. So I’m not expecting it now. The new company going forward 12/31 should give us some direction though.

You should get both. Everyone just had a different opinion on the amount.
Some will argue you received all the shares you will get and any cash coming is lunch money. While others see the secrecy as a sign of great things to come.

Donot, I have always thought they would convert under a buck. I believe many will run for this hills at first conversion. But if any value comes in the way of cash. I’ll have to stick around and see where this might go.

Ron,

It was 2 years ago this week when we were expecting an announcement.
I forgot about that. Seems so long ago.

Az, If they sell WMMRC and that goes to escrows. What benefit except the 2.5% coming back to wmih would the new company have?

Interesting, how would that benefit WMIH?

Correct that 20.7B was listed as Retained Assets. Look it up and that's why I invested.

So last week they paid off the run off notes. What does 30 days from this event signal?

What are you waiting for? 4 days or 26?

Fred,

I don't think you can buy UWBKQ.
All bets were placed years ago. You choose the United BK and not Wamu.

Good luck

Large, I think the bankruptcy must end with a class left impaired and possibly issued LTI's. Therefore giving credence to the whole process and looking legal. I don't know if that would be vail piercing though?

I think it's just the run off notes paid in full.

Exdimer you might be right and if our time is over, I appreciate the knowledge you have brought here over the years. But it looks like the fight will continue a bit longer, you agree?

Was it just me or did anyone else think the FDIC was suing on behalf of the estate for libor claims? It looks like once that gavel drops ending the receivership, parties known and unknown to us are open to litigation? Or better put...your azz is grass!!!
And of course since Rosen knows where the bodies are buried and he follows the money, we haven't heard the last from him.

I could see Rosen and his new firm representing the estate for the open claims. That would be too funny.

Darkness? I see clearly. You close out the receivership and claims of fraud are still open? On the same day JPMC lost a 4B case. No I see possibilities. We owe no one and claims are open.

Does this close out both bankruptcies?

Thank you Newflow. And that's all I'm saying. If you think there's billions available and that type of money is just gonna come back to individuals??? When it can be exploited and increased? Not happening.

Hotmeat,

I understand and feel the animosity in your post. BUT to maximize returns.
Let the big boys do what they do and we come along for the ride. All this is illegal and being figured out in process by smart people (?) I suppose. It's hush hush. And the time to sue has passed. And it's not like you can say you got zero if you have equilivent value...can you?

BBAN,

I understand your point but from a business decision, I don't think there is no way you would allow anywhere near a billion to just go back to shareholders when that cash could be increased 5-10 fold in the hands of KKR. The law says it comes back.
But I have always thought equivalent value in shares will be the decision.

We're just fortunate to be involved and that's how we might be seen.

A Shut up and be glad your hear type of attitude.

Amen Lucky...but the main players got that coveted get out of jail free card. Spin it how you want...time's up.

I can agree with that other than the new financing agreement that would be put in place. There really wouldn't be any news till the bankruptcy is resolved and finished. Although they have announced they will dissolve by 12/31. I just don't know if that means any movement in share price at that time.

Peyton, so all hedge funds never lose? Don't take high risk? If there's nothing to look forward too and it's not even wise too find like thinking?
Why invest? But I do understand your point about the stock price, if everything was fair and equal in investing, we should see it rising. Hopefully you've invested a small amount just to see what all the fuss is about.

I appreciate your critical critique's.

Kinda lines up with that 30B commercial revenue they accidentally found huh?

Actually I think it's 9/5/17 plus 10.
So that would put them at 9/19/17.
Although I think they'll report it on 9/19, but it will happen at 12:01am on 9/5. Those greedy *?!* don't wait for anything.