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...FCNCA BEING BOUGHT OUT.....?????.......USB, BBT or Sun Trust.......???????.........$200 p/s..............a bidding war would be even better.........call it $225............
...but FCNCA has gotta give UWBKQ its bank back or pony up with FCNCA stock backed by some FDIC/FRB trust certificates.....................
...also, we know and love dearly your legal adviser, Venable LP and of course Venable's new lead deal maker = Johnnie Bowman.......you know Johnnie - - the same guy that single-handedly SEIZED UWBKQ and then gave it to FCNCA.........................wow........
...DISCLAIMER: all comments made hereon are my personal opinions only and have no basis in fact............fiction.....mayhaps........
...LATEST RUMOR = FCNCA BEING BOUGHT OUT.........suitors include USB, BBT or Sun Trust......which would become a plus for us because FCNCA would have to close out our suit and......WE GET ANOTHER DOLLAR OR TWO IN VALUE..........a 20% premium from here in FCNCA stock would give it a buy out of $200+/- p/s.............that gives us $8 in FCNCA versus the current $6 PER..........cool......
...I don't start 'em. I just spread 'em and it is totally hearsay with no factual basis, yet............probably true, though..........and how ironic that FCNCA's legal advisor is none other than Honey BoBo/Venable.................more drama..........
...PINKIE's gonna need a bigger bucket......much bigger.......
...DISCLAIMER: I spent an hour in the confessional last week.........................continued covet problems but no lies.............
.....RUBY RIDGE BANK.....
...CRP presentation date is a key along with date of seizure, FCNCA involvement and Bowman's Venable job.........I'd really just be re-presenting the case to add more facts............and the BK was delayed until calendar year 2012 in order to protect the ITR's.......there are disputes about the capital calculations and the deposits...............THE HIGH LEVEL OF UNCERTAINTIES PROVES THAT THE BANK SHOULD HAVE BEEN GIVEN MORE TIME.............at a minimum.......
...look at this from the OCC/FDIC vantage point.......the Defendant is clearly on the ropes and has a window to settle and a tentative agreement with Plaintiff............the OCC/FDIC can cap the payout and move on.............fighting a war in court for another 2+ years is too big a risk for the OCC and the FDIC who must fork over the cash and the FCNCA stock certificates......
...also overlooked on the FACT SHEET CHRONOLOGY are mountains of internal legal docs and discussion among the legal beagles.......the OTS had not conducted a recent formal bank examination and did not have the FDIC support before illegally seizing the bank in a PANIC..............imo........
...DISCLAIMER: F/you, F/Larry, F/Honey BoBo, F/Amerika (until we get our settlement payments)....................
.....$2.83 p/s cash + $6.00 p/s in FCNCA stock.....
...that's what I'm getting...........GUARANTEED.........100%......
...this bizarre FCNCA stock settlement is telling a story...
...the entire SETTLEMENT appears as if something very, very shady was going on and is about to BLOW......BIGTIME........
...HUGE CONSPIRACY could have been uncovered and the FDIC/OCC rushed a settlement agreement through Guy before any criminal charges were ever filed.................this is pure SPECULATION but the rushing of the seizure days after the CRP was presented, the whole FCNCA sale, the Honey BoBo Venable job...........the situation was and is a NASTY MESS..............maybe nothing......but the FDIC bailed out of the suit and now is controlling every last detail of the SETTLEMENT......of course, it's their nickel paying us off......................
...the SEC is a Co-BK-Trustee so the SEC is actually allowing the UWBKQ and FCNCA stock to trade knowing that material information yet made public could radically affect the s/p..........this is another WEIRD dynamic.................and where is Guy.....????......he's the one agreeing to every last detail.......
...I'm getting tired of DISCLAIMERS......but everything posted is my personal opinion.............when and if Honey BoBo goes down, he and his beagles are going to try and grab his critics.............
...Carmen Holding Ames.....I'm in love.......sorry, PINKIE........
...Carmen's late father was a chief executive of First Citizens, and the lovely lady sold more than $225 million of FCNCA stock on Thursday, 12/20/12, according to regulatory filings..........she bailed from the board as well when she found out about the UWBKQ scandal...............imo................where is the former acting head of the defunct OTS working now.....?????.....I forgot......was it with FCNCA's legal partner, Venable....?????........WOW.....nasty stuff..............
...where is that PE firm from Boulder that wants 16MM shares.....?????............this UWBKQ game is just about over for the lawyers, judges, MM's and speculators........................
...DISWAIMER, in engrish, Larry.............I've had enough of you and your BS, as well.....................open the floodgates and prove that there is jurisprudence in Amerika..............
...Math = $2.65 p/s NLP + 1 share of FCNCA or each 25 of UWBKQ...
...kind of like $2.65 PLUS about $6 per on the conversion.........holding on thru the process might defer any tax consequences..................
...trading in stock should be HALTED, imo...........but if the onion squeezers want to play with the MM's, let 'em play........
...UWBKQ should issue an news release outlining what is going on with this case..............the shareholders deserve more disclosures........................
...but again, whatever...................we'll get our fair compensation in due time............longer chase = better catch.....
...OPINIONS 'r' us..............disclaimer............
...Honey II might've ratted out FCNCA or vice versa but it appears as if the pressure is forcing the gangrene out at this point...........................the FDIC boys are at the spigot and trying to SETTLE this MONSTER problem (for the scumbags)..........we're just sitting back watching the gold get piled into our HUGE earth-movers.........BIGTIME huge.........
...OPINIONS hereon.....................
...it appears as if there is some freaked-up settlement that involves FCNCA stock being given to UWBKQ shareholders.......
...could be anything as far as newly-issued preferred or simply existing treasury stock being traded........or even a complete REVERSAL of the RECEIVERSHIP...........
...FCNCA has been in play since the FDIC legal discussions.......the FDIC insurance fund has to pony up for BoBo's "indiscretion".........and these FDIC beagle boys are very sharp and know how to wire up a $250MM+ deal.........................
...DISCLAIMER: who knows........????.......but we're close.......imo...................
...SETTLEMENT could be announced and not compromise BK assumptions............we already presented the NLP of $200MM and the other portion is not included in the POR/LT.........so let the news be made public..............HALT THE STOCKS and release the basics of the settlement..................or announce the settlement and let the stock trade at 20 cents PER....??????.......
...Amy also needs to know, although I believe Amy knows exactly what is going on or should would have ruled months ago..........BK has priority and I assume the creditors time frame for comments must be closed...................whatever..........
...announce the settlement and we move on.......................neither side wants to linger forever..................
...DISCLAIMER: poop 'is' us....................opinions hereon.......
...What are the SETTLEMENT terms with UWBKQ...????....
...All we really need is some type of confirmation or acknowledgment that FCNCA is issuing preferred/conversion stock to UWBKQ shareholders....................we know the OCC and FDIC have wired up a deal................and both FCNCA and UWBKQ are publicly traded..............so we need an announcement..........halt trading and spill........many thanks....
...OJ, Casey Anthony, Patsy Ramsey, John Bowman...
..each of these nice folks KILLED something and got away with it scot free..................although in the case of Honey BoBo, we ain't quite lettin' go just yet (the FDIC might be trying to rush something like a settlement with us and a hold harmless but the SEC and DOJ could - COULD, Larry - be diggin' a big hole for Mr. Honey II to climb out of).........
...BuckleySandler talks the FDIC lingo and also does the legal dance.....................................UWBKQ vs. the OCC, as successor is so settled, the entire situation is insane with the BK HYPOTHETICALS, Amy's grandstanding, the tax refund kissie poo, FCNCA charity contest, William Blair and Guy in Tahoe........
...and PINKIE talking dirty and dancing in gold chains at 1:50 AM...........not a prob............'cause there's gonna be $1.5MM pile of gold in your name PINKIE very, very soon - - assuming you muscled up and bought more UWBKQ...............I can't recommend buying UWBKQ, but if I could (COULD, Larry) recommend buying UWBKQ with every penny you have for 20 pennies PER..........I would.........one more thing, PINKIE, is ladylike behavior is generally required in or near the Gulfstream (it's actually a Hawker but you get the point).........................................
...stock needs to move on minimum volume of 5% or 1.5MM shares to be meaningful........and it will very soon.......
...I bet we'll have a 5+ million share day when something REAL leaks or is announced............will sail past $2++ in minutes.........BIG money will kick in at some point.......
...otherwise the s/p is meaningless.............trading in UWBKQ stock should have been halted after the 11-6-2012 BK filing.......
...I have no plans to sell even one share - ever, so I don't care about the current s/p except for what it represents (uncertainty, appeals, Amy politics, FDIC witches brew, HYPOTHETICAL Honey BoBo indictments - oh yea!!!!!!!!!!!).............I was advised not to buy any more but I have enough stock and I will buy if I want to since I am not an insider..................by definition, I don't know exactly what's going on and only about five folks do.........
...I'll gladly take preferred, or class C or whatever flavor of FCNCA shares the FDIC is dreaming up for our settlement - - in lieu of the new charter - - which was the original plan......
...anyhoot......up yours to all..........some fairy tales are BELIEVABLE, some are not..........................
...There once was a poster named PINKIE...
...Who rose to fame by being KINKIE...
...She went in to HOCK...
...On a bankrupt STOCK...
...Now a pile of gold is her WINKIE...
...just having some fun while we wait for the news release and/or BK CT leak.........she ain't gonna cruise for losers on a 5-person audience MB after she gets $1.5MM dumped into her fake Louis Vuitton purse...................btw, we're all going to be compensated for this NIGHTMARE...............................
...Conditional payments are prohibited in BK CT...
...Point here is this HYPOTHETICAL non-net liquidation proceeds of $200MM cannot by law be HYPOTHETICAL, or conditional or contingent or anything other than a stated asset that can be liquidated in a reasonable amount of time.................to be voted on by creditors under the supervision of the BK CT..................the reality of this will cause the stock to SPIKE up to around $2..........'cause the $2.65 p/s payment is in the mail.............
...the FDIC attorneys are running the table, sirs.............FACT.................can't really say what they are doing because they are creative..........BUT a settlement is long being CRAFTED.........................
...and whoever shorted the 2-to-3-million shares of UWBKQ in late 2010 made about $400,000 on each of two million shares (sold at 48 cents and bought back at 10 cents)........and did not expect to get scrutinized.............may have been legit................we'll see...................I believe there is a potential issue with this........................and would be worth in the area of a BILL to us in the event of a criminal act that is PROVEN...........$20 PER, folks (after Buckley's take).........
...Guy wants a court decision............regardless..........but $9 per share in FCNCA plus the $2.65 NLP might change Guy's position on this.....................................
...DISCLAIMER: believe the aforementioned BS or disbelieve...........
...
...assume Amy "scolds but upholds"...........
...the BK POR becomes moot and the s/p drops down to 3.5 pennies......and we appeal Amy's decision.........
...the $200MM HYPOTHETICAL non-settlement never existed and the thousands of hours billed by the FDIC and OCC lawyers were phone calls based upon discussions concerning sports and global warming.........okay, a few involved the Biebs......but whatever........
...end of the world.....?????.......not really......we just hunker down for another year in the federal appeals court system.........only wild card would be some insider trading indictment - - but even if Monica Bowman, for example, was shorting UWBKQ immediately prior to the SEIZURE - - wouldn't be a problem to the feds .......Monica has a right to short a stock............and the BK could even be withdrawn as a tactical maneuver...........creditors/claimants take a BIG ONE up the back door..............oh well...........
...the stock market is saying Amy "upholds".......she just might..........and the federal appeals court could quietly back Amy later this year or early next..............
...there it is..............FACT or OPINION...........?????.........justice in Amerika......?????.........no..............if there was a god, I would ask him or her to bless John Bowman...............
...SEIZING the bank three days after seeing a REAL CRP..........
...this FACT makes our case and Amy continually pounded the OCC on this and even called Honey BoBo in to explain..........
...the rambling gobble-de-gook explanations about some bundled deposits being withdrawn was a FAILED defense............banks are only seized, by statute, due to inadequate CAPITAL.........UWBKQ had plenty and it appears as if the bank was seized in PANIC.........so as any individual shorting the stock immediately prior to the ILLEGAL SEIZURE would not be WIPED out....................and the Acting OTS Director MIGHT NOT get a job at Venable..........................and the Acting OTS Director knew the OTS and his job was be ELIMINATED............crystal clear what happened here and not similar to WAMU which had inadequate capital (and its directors did some scheming but not the same at all to UWBKQ).........
...that's my case, that's Amy's case and we will win 100% GUARANTEED................the BK process has complicated the adjudication but this is not a problem, ultimately...................we've agreed to settle so whatever happened, happened..................ONWARD.......
...DISCLAIMER: everyone is entitled to his or her OPINION.......that's mine...............the BK deadline for filing comments re: the Chapter 11 POR will provide a tip as to the settlement because the OCC and FDIC will not file anything opposing the plan if there is a settlement...........if there is a VEHEMENTLY-OPPOSED filing.................we move on to Amy............................and get our money with her...........easy stuff...................imo..................
...this is a forum for discussion of UWBKQ...
...read whatever you wish..........no one who has inside information should be trading or posting......lest they end up with the same address as Bernie and hopefully, JohnJohn.................
...I welcome any post or poster who knows anything about anything because that is what free discourse is all about..........some of us have paid for professional advice regarding UWBKQ's situation...............and have direct experience with bank seizures and the federal legal process.......notice that I never attach disclaimers to my posts.................
...closed-minded, mental midgets are very welcome here.........
...US Constitution is on trial...
...ILLEGALLY SEIZING property and yet-to-be-determined criminal activity in the process...............OUTRAGEOUS...........
...OUTCOMES:
1)could be nothing with Amy "scolding and upholding" and UWBKQ shareholders get WIPED OUT and disappear forever.......OR...
2)Amy could see the ABUSE of power by one little creep and justly award the Plaintiff, the bank, which really does not exist, re-instatement and $500MM in cash..........OR...
3)Parties could settle with this phantom $200MM in cash plus some weirdly mysterious preferred stock in FCNCA, or something similiar...OR...
4)The BK CT stirs up some legal nonsense and Amy gets stalled for months in a legal quagmire...............a year+......OR...
5)The SEC cites illegal insider trading in UWBKQ in late 2010 and early 2011 and the DOJ issues indictments to parties associated with either FCNCA, or the OTS, or the FDIC or the OCC or something else like a family member of someone working for these entities......................MONSTROUS upside here...........
6)Other...........could be anything.....like Amy saying Plaintiff wins and gets $1...........................or we lose and appeal which drags this out another 2 years..................
..........I vote for #3, but what do I know..........a private email I received told me there is no settlement, will never be a settlement and the judge will uphold the receivership which she has possibly already done but has to wait on the BK CT.........and I was also told to muzzle my continuous fiction..............................looks like we have 1st Amendment problems and illegal seizure problems..........ROCK ON....................
...agreed.....we'll be compensated...
...the $200MM cash portion comes from the FDIC insurance fund and the FDIC might actually be putting some cash on the asset side of the FCNCA ledger in order to offset some negative from the FCNCA's treasury capital DROP with the issuance of new stock.......just an accounting adjustment the FDIC makes for the benefit of the FCNCA......FCNCA is issuing new stock and giving it to us for FREE...........whatever......again, these boys are almost as smart as me.................we get our PAYOLA in due time..........FCNCA got our bank for FREE, imo......COMPLIMENTS OF HONEY BOBO....................imo.................
...wewonders who might get the book rights to this story......which would be a best seller, imo...........particularly if Honey BoBo gets handcuffed at some point.......HYPOTHETICALLY, Larry..............if Monica Bowman shorted UWBKQ late in 2010 or early 2011, FOR EXAMPLE, Larry....................again, a BIGTIME best seller.....................
...opinions 'r' us, hereon...............
...FCNCA doesn't get $300MM, theoretically........it gets nothing and its number of shares outstanding increase by 1.5MM.....
...here's the MATH: the stock portion SETTLEMENT = $250MM.......divide this by the current $171 p/s FCNCA price and you get about 1.5MM shares = what we are getting in FCNCA........now divide the o/s # of current UWBKQ shares by the 1.5MM new shares and you get a factor of 19 +/-........the CONVERSION of the UWBKQ stock to FCNCA stock = 1 new share for every 19 shares you own now in UWBKQ.........
...bottom line, we get about $8.50-to-$9 p/s in FCNCA at current prices..............................
...surely, there will be variations but all is well, LT......
...OPINIONS, hereon..............facts, in my mind............
...Sure, the entire MESS could be had for about $6MM and FCNCA could buy the whole package with spare change...........but, remember 26.5MM+ shares ain't sellin' for less than about $4.65 p/s..........
...why didn't we tell the BK court that UWBKQ would win a $300MM Powerball and that Alice Walton wanted to buy all of UWBKQ for $300MM...........??????..................in other words, HYPOTHETICAL wishful thinking cannot be simply placed into a BK POR to get a favorable vote - - and the Bankruptcy Code states this clearly.......................??????.........
...this whole FCNCA preferred stock issue - which really doesn't cost anything, just slight dilution to other equity holders - is a fairly genius way to settle CHEAPLY..........we thought the FDIC would issue a new charter with FRB trust certificates but evidently a NEW charter is not possible............so we go with FCNCA..........these FDIC boys are smart.......(although they f/-ed up by letting Honey BoBo seize the bank behind their backs.......)......
...bottom line: the BK process and settlement are nearly complete..................the s/p will respond in time..........
...and guess what else:.........?????...........OPINIONS HEREON........(she's only getting 2 hours on the NetJet card.......if she's not hot..........she hitch-hikes back).............
...FC can issue trust preferred stock for UWBKQ shareholders...
...it appears that some structure like this is definitely in the works..........there would be some dilution to FCNCA current shareholders but you really can't dilute a bank stock.......you just lever back to the loan-to-deposit and other ratios via an aggressive lending program...........this is probably why that gal who was a principal in FCNCA sold out recently when she was informed of this FDIC/OCC scheme in the UWBKQ SETTLEMENT.............
...everything is becoming more clear now as far as the BK, Guy's position, this "settlement" and "net litigation proceeds", this behind the scenes legal maneuvering and the FCNCA stock conversions..............every segment of the settlement has to go around the table and it's a big table with a lot of weasels sitting in the chairs.......................
...Miranda warning hereon..........opinions 'r' us.....not mine, but Larry's......................I wouldn't trust him either but this $10 p/s will be nice....................BIGTIME.........
...26.5MM shares are LOCKED - - ROCK SOLID.........
...that's William Blair's 4MM and wherever WB took Highlander Capital's 16MM........Guy and his group have about 3MM.....and then about 3.5MM is stuffed into pockets like mine..........imagine that...........
...and where is Guy....????....wethinks in CA with some rogueish law firm running this stock via the suit and the BK filing.......nobody will speak with me other than the standard company lines...........none of this is a problem except that Guy and his bandits are calling all of the shots.....................and his bottom line is/was: he wants a court decision on the ILLEGAL SEIZURE.....no exceptions.........and he wants the bank -- or -- a bank returned with capital.......NO EXCEPTIONS..........................none.....end of story........
...so who approved this BK strategy of tossing up a HYPOTHETICAL cash settlement (plus some mysterious bank charter held up in front of the claimants/creditors)....??????.................and the other BIG question is did the FDIC and/or Amy help structure this HYPOTHETICAL and rather weird pre-decision settlement.........even some lawyers I spoke with have never seen this type of legal maneuver........???????????????..............
...put the $10 p/s in my Speedo and I wire the PINK PRINCESS 4 hours on my NetJet account......................RT in a Gulfstream to our party........................we're just about there..........................
...and all comments made hereon are my personal opinions............................except for the Speedo............she always likes those Speedo posts...........although it might just be the cash.............
...batteries of lawyers are conversing...
...sure, both sides are running up easy billable hours but TRUST ME, lots and lots of settlement discussions are long in process....
...we still do not like the BK strategy UNLESS the entire package was done under the suggestions of the FDIC........which it clearly was....................we also do not like getting cash and some puffed paper in FCNCA...........but again, if the FDIC/OCC/Amy/Guy/William Blair are parties to this matter........we're in, too.....this is worth $10 per share, so what-f/ing-ever...........
..."I've seen the needle and the damage done"..................
...Amy knows BoBo should not have ILLEGALLY SEIZED the bank 3 days after he reads a $149MM commitment in compliance with the CRP......
...and the FDIC did not endorse the ILLEGAL SEIZURE...........
...our case is ROCK SOLID.........and if Amy rules in our favor........she will demand $500MM in compensatory damages........the probability here is much better than 50/50 based upon the prima facia FACTS................crystal clear......
...these are my personal opinions...........and we do not know if anyone who ILLEGALLY SEIZED the bank profited by insider trading in the stock before the ILLEGAL SEIZURE............kinda looks to me like somebody did a BIGTIME PANIC when he or she saw that the bank would survive and a certain SHORT SELLER would get wiped out..........and would BoBo get a job at Venable if our bank was not ILLEGALLY SEIZED............??????........no F/ing way.........
...SETTLEMENT.....?????.......$500MM favorable judgement.........?????...................you think Amy would rule against us.........??????............never.........
...this is FUN....................I hope it doesn't end for awhile.......................too weird to even be REAL......................
...I stand by my position..........original NLP and conversion of stock into new entity related to FCNCA........
...also, a disinterested (in the outcome of the case) legal adviser of mine in Boulder who is familiar with the entire situation made two OPINIONATED, HYPOTHETICAL comments:
...1) "that guy at the OTS made a big F/ing mistake"...........and
...2) "the dominant, lead attys. on both sides are trying to reach a settlement that amicably reverses the receivership without actually doing so"..........................
...the BK CT has priority over Amy which is standard when a BK and regular litigation cross paths.................the "11" probably should have been a "7" and UWBKQ should have cleared out all of the claimants/creditors WITHOUT any assumption/HYPOTHETICAL settlement..........................give 'em 3 pennies on the dollar...........
...lots of suspense..........lots of drama...........and will I get to pull $800 stiletto heals out of my back at the vegas party........????............certainly if this SETTLEMENT becomes REALITY................................stay with FRED.........
...DISCLAIMER: believe anything you wish....unless you want the 1st and 5th Amendments to protect you...........they might not..............
...Disclosure Statement or parts of it will seal the deal as for as making public any resolution to the litigation............the SEC is a Co-BK-Trustee and their beagles know that any statement will directly impact the publicly-traded stock.............this is why our attorneys are playing a delay and 'cat and mouse' game with this entire situation..........trading in the stock should be halted for awhile, imo..................
...I've requested a copy of the Disclosure Statement from a couple of sources...........................as a shareholder, we can request placement on the BK Court circulation list........I did and was not included for some reason...................might take time for inclusion........................
...my personal position is that the OCC provide a new independent charter with the capital to open a group of branches and a full banking operation..........this is/was Guy's position from day one............apparently, this option is not going to happen.............
...this SETTLEMENT in the form of a UWBKQ stock conversion to some funky FCNCA stock - newly issued preferred - does not make sense to me in the least..........the s/p will ROCKET so all is well there............the Judge has somehow intervened or the FDIC lawyers have crafted something - big mystery here............who knows......????.........we'll find out very soon and this waiting game is nearly over.....at least ST......
...DISCLAIMER: up yours...............here I pump this crazy stock for ten bucks per and it goes down two cents to 14.............OPINIONS hereon nonetheless..................
...trying to get a copy of the BK Disclosure Statement...
...this would outline the settlement or at least refer to the settlement and cite some confidentiality request in not giving specific terms of the settlement or the "11 vs 7" explanation but the $200MM Net Liquidation Proceeds would be determined to be real......
...the $10 p/s value does not include anything from BAC really......the $10 projected value is the $2.65 NLP and then $8.00 +/- worth of preferred stock in FCNCA ($250MM in preferred stock divided by the 29MM shares)............................I know it sounds PREPOSTEROUS but who knows.........something's going on............
...and Mrs. Pinko, I really do like the $800 shoes concept.....and if this FCNCA settlement is real.................you'll be calculating the sales tax on this year's fashion style of mink..........pink mink......... BIGTIME........................
DISCLAIMER: none..........believe anything you wish............I'm going with $10 per and I will forgive BoBo if any of this FCNCA settlement is REAL.................
...shall we converse on the FCNCA MB....?????.....
...we shall..............this pending "arrangement" is starting to sound very, very interesting...................would we become shareholders of some form in FCNCA with the Holding family.....?????.........and BoBo....??????....speak to us..........
...the 2-year nightmare might turn out to be a life-changing experience.......................
...F/ you, Larry.................I run this bad boy...........
...How is FCNCA assisting the FDIC/OCC in settling the UWBKQ situation.....????.....
...come clean............First Citizens was handed UWBKQ in order to expand FCNCA's presence in Denver and Boulder.........the eight branches were classy, well-located properties........
...and now the defunct OTS Director who single-handedly seized UWBKQ for FCNCA works for Venable, FCNCA's partner on many things and lead counsel..............
...either give UWBKQ back to its rightful shareholders or give us a piece of FCNCA......................TYIA.......
...DISCLAIMER: I am a UWBKQ shareholder and I believe the bank was seized in error..........all posts hereon are only my OPINIONS.........
...BAC monies = a % of our proportion +/- 11% of $125MM......we would expect about $15MM when the smoke clears.........of course, the FDIC wants this and we still have THAT problem........
...the BK Disclosure Statement outlines the specifics of the settlement.......where the H is the Disclosure Statement.....?????.........and the First Citizens involvement is truly unbelievable...............we'll see...............
...and as for the PINK PRINCESS.......I slide $600K (now $1.5MM) under one of your straps and in return you question my manhood......?????.........you think my feelings would be hurt by some flimflam website MB......??????.........get real......I'm the wildest of wild animals, metaphorically speaking..........
...DISCLAIMER: I'm a dreamer and an uncontrollable YAPPER........if Larry wants $375/hr to talk about the weather and the WNBA (...WHAT....????)..............talk.............First Citizens involved in a settlement..........???????.............H just froze over.......but I do like the $10 p/s...................
_____$7-to-$10 per share_____
...HYPOTHETICAL concept is "Net Litigation Proceeds"......PLUS some strangely-concocted preferred stock in, get this..........FCNCA..........to the tune of $250MM............unbelievably weird even for me...........imagine that........................
...do the math on this and we get $2.65 from the Class 6 NLP along with the equivalent of $8 in some stock conversion for each bing bing.........................
...I do not exist, so do your own DD............apparently, BuckleySandler has a $60MM lottery ticket and does not want these "internet-blabbing gadflies" putting their payola at risk........
...SEC, as Co-BK-Trustee should halt trading...
...even though UWBKQ is a pink-sheet non-stock, there is formal legal activity that could radically affect the s/p........and the SEC is privy to that privileged information..............the SEC should halt the stock before any BK filing is posted relative to the "settlement"..............just my opinion.......
...the only reason for a FASCIST gov't seizure of a bank - - per the original Thrift charter which is governed by the FDIC is INADEQUATE CAPITAL..........as published.............7.8% Tier 1 capital is not "undercapitalized"........not even close.......
...and what gov't agency accelerates the time frame for a CRP and then SEIZES a bank after it sees a CRP commitment......??????......OUTRAGEOUS and possibly CRIMINAL behavior......................imo....................
...and Mrs. Pinkie: any chance we could move you over to the Martha Stewart message board............a tad more appropriate.........this forum is for BIG BOYS..........BIGTIME BIG.............
...DISCLAIMER: all comments hereon are excerpts from a communist manifesto.............and opinionated.....................
...underlying legal cross currents indicate SETTLEMENT...
...the HYPOTHETICAL $200MM cash settlement contained in the Chapter 11 POR was the first clue............Guy would not have approved this without a charter or only with a charter in the actual SETTLEMENT which the petitioner references vaguely.......and then the petitioner includes itself in the liquidation trust..................very generously.........
...the FDIC/OCC have not challenged any part of the BK except that the FDIC and the petitioner split the ITR's..........
...the US TRUSTEE and SEC want a Chapter 7 which is currently being hashed out.............this change or challenge will "out" the settlement and could come at any minute.............
...Amy is the wild card but if she was informed by the attorneys on both sides that a mutually-agreed-to resolution was underway, she would be doing what she is doing..........NOTHING..........just waiting on the BK CT like the rest of us.............................
...there it is.............settlement is a done deal..........
...DISCLAIMER: I am a sinner - mostly technical "covets" with some minor lies.....................OPINION hereon.............and I'm not buying any more stock because I can't.................................???????............can you.......??????.....................
...BK CT filings take longer to post than standard US court docs...
...not sure why but the BK CT delays the submissions to the electronic filing systems.............might be some type of secondary sign-off by the Trustee................so in the event a host of docs were signed off 1-4-2013, we'll see 'em in a week or two............................we believe we generally know what's going on but it's mostly the 7 vs. 11 and creditor approval process..............and of course any claimant input........again, papers..........rhetoric................air.................only valuable info. would be a passing reference to the "SETTLEMENT"........................yes, that one...............hello............hello.......???????.........
...we'd like a third party news event on the settlement but who cares, really...................by the time the Denver Post or Denver BJ or WSJ spill the settlement news, we will yawn because it's really old news now, in my mind anyway.............
...and Mrs. Pinkie, no offense, but $600K doesn't do much for me after plastic surgery, a new wardrobe, jewelry (lots), a NetJet card ($115K), and a pay off of the loan on your tract home..........you'll be whining/nagging again..................muscle-up another couple of 6-hundred K's and we'll chat.........................
...DISCLAIMER: believe these insights or do not believe 'em...................it's your 20-banger................
...RACE: BK CT notice vs. SETTLEMENT leak...
...could be today.........should be today......but who cares....????....longer chase = better and bigger catch......
...then, for you ST onion flippers, what happens to the s/p......????????.........clearly a RATCHET movement.......42 cents, 63 cents, high 80 cents..................dollar.......dollar thirty..........probably will stall for awhile around the $1.40 level until clarity on the BK payout and the dust settles on the new charter and new stock issue.......................definitely FUN watching the legless/armless corpse flipping around on the red-hot asphalt.........metaphorically speaking.............I'm in this forever, so the UWBKQ saga becomes a permanent sack tingler...........even when buying the new chalet west of Boulder - convenience fun for future board meetings...................along with a few other choice toys.......
...DISCLAIMER: sack tingle, of course, but opinions 'r' US.............I say facts, but Larry says opinions..........
...smart money shareholders are already building the new bank............the stock prices at this point mean NOTHING......NADA........trading in the stock should be halted............
...the acting OTS director single-handedly accelerated the time-frame for the CRP - - after seeing a real capital injection commitment - - and overnight SEIZED the bank.........without proper supports.........................CASE CLOSED....................
...the BK CT should announce some progress very soon........and the SETTLEMENT leaks are long over-due........we don't know why the news media is so paranoid about announcing the SETTLEMENT and BK CT rulings.......................
...all comments made herein are OPINIONS.....................the end of this nightmare is very near and the horizon of a new and exciting bank is breaking BIGTIME.................beautiful........
...value of newly-issued stock = $2.00 p/s.....$4+ TOTAL...
...which assumes 30MM shares of new stuff issued on a 1-to-1 basis.......if there is an odd amount of new shares, say 100MM, then we might get 3 new shares for each old one.............easy math, then the new stock is worth 75 cents per, +/-, but whatever.........might even be a dollar plus per share in that example.......................so we get $2.65 PLUS the value of the new poop in the settlement.............total of $4+..............LT = much more................
...of course we hold harmless some folks.......some...........if there would be an indictment of any insider..............WHAMO.......BIGTIME...............but an insider unrelated to the OTS could have been doing the dirty.....unlikely because BoBo did the panic seizure for a reason, imo.................we'll get BoBo, imo.............
...bottom line: the BK CT wants a liquidation package that has no challengers.................we'll have it very soon..............and move on to building a new bank............very cool.....
...DISCLAIMER: man might not have walked on the moon.........opinions, like these, hold that the moon visits were all staged.................Van Allen Belt issues prove..........
.....HIGHLANDER BANK.....
...I/WE believe that a hugely crafted settlement deal is secretly in process.........not the $200MM, that's a done deal...........this new charter and the BK is giving the FDIC and BK CT Trustee and SEC fits. BuckleySandler (Guy) appears to have the gov't dancing..............apparently there has to be some new stock issued which would survive a Chapter 7 and the new stock would be given the charter.......with some weird conditions..........the old shareholders will get some formulized interest in the new stock.......along with the $2.65 p/s distribution from the BK CT........just theory but also REALITY...............
...only a matter of time.............Amy's an observer along with us..................
...DISCLAIMER: I dream big.............opinions 'R' Larry's 'raincoats'..........okay, my raincoats.................