Drinking & Toking (soon I can write Scripts, YEAH!!!!!!)
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Not true. There remain 2+ million shares to be doled out.
Additionally, some former WAHU holders are pining for their money to further invest here. Which seems to be your concern, investors in WMIH.
Seeing how this proved relevancy and you have no right to tell others what to post about; complain all you want, but since all of the moderators hold escrow...
You figure it out.
I consider KKR to be in charge. From May of last year, they were planning and strategizing on how to exploit WMIH for all they can, which is 42.5%, plus an kickbacks from operations (PIKs, or whatever). I believe it to be more than enough time for them to hit the ground running.
KKR is running the show. The speed of the deal(s) will depend on how quickly KKR wants to be paid.
I'm with you, shifty, and olti both. It is one of the great tragedies of this country.
WithCatz is incorrect, the RONs are not a WMIH liability. They are a WMMRC liability. If WMMRC does not have enough money to pay off the RONs, WMIH is not responsible in for the difference (as outlined in the POR). That is the inherent risk associated with them. However with the favorable housing market conditions WMMRC's balance sheet has improved and will likely have something left after paying of the RONs.
If were are talking wildly hypothetical scenarios. With '$30B' going to former equity, wouldn't that make P's worth more than $1500 each, because isn't the AAOC supposed to kick back %50 of undeserved gains?
Keep in mind, WMIH is a blank canvas.
Envision yourself as 'the man', cunning, connected, ambitious, greedy and without bearing the shackles of the little people, sporting top notch tax attorneys who have teeth more sharp than razors for chewing through the toughest tax law. You have at least guaranteed tax free earning for the first six billion in profits.
Once you have that image in your head, unleash this potential and tell me what you would do (or don't, use it and keep it to yourself, it really doesn't matter).
Wait until after you have done all of that, then calculate the market cap.
We are in a holding pattern until the acquisition is revealed.
BB, I'm compelled to believe you are right. In fact, I think it is your God given right to expect no less than justice be done while living in this world. Anything less is contempt of life and God.
Really? Shouldn't we have seen price drop to shake loose a few shares.
I agree Donotunderstand, those are valuable assets to WMIH and need to be addressed. See my reply to distrojunky for my additional thoughts, post #394590.
Thank you distrojunky. I forgot what my point was. I just hit send and forgot about it.
The POR is exactly the point I wanted to bring up. Per the POR:
You are correct all of the questions should be answered. I find it very curious why these former assets don't show up in our NOLs and they have never been discussed by WMIH as potential NOLs. Nor do Capital losses show up on an 8k and have not been discussed by WMIH. The way I figure it, there has to be a reason for this.
Olti, I'm not going to sieve out the lumps, however I agree with you. I believe you have to ask for more than you want to negotiate to where you want to be. Now, how can we get WMILT & WMIH to divulge the end game so we can move on with our lives? We were made a promise and we are due answers.
I should have committed to my previous thought. It did close opposite of the open. It was a 50-50 shot and I just did not want to take it.
*Based on what I wrote earlier today @ 6:20AM message #393989:
"I had been toying with the idea trading would either open lower & close higher or the opposite. I couldn't decide, so that's it no prediction on overall trading."
If I get a trading hunch in the morning prior to the pre-market, I'll share.
If I can only trade WMIH as well as I can predict its movements. It's always the application that does me in. =-(
After five consecutive days correctly predicting how WMIH trades (though it doesn't seem any here has noticed), I going to be a bit more conservative with my prognostication. Still sticking with: WMIH will trade all day above a $500M market cap ($2.48/sh). If the deal has been signed it will go up, which is what everyone else thinks, so that's nothing exceptional.
I had been toying with the idea trading would either open lower & close higher or the opposite. I couldn't decide, so that's it no prediction on overall trading.
Best o'luck fellow investors
If the deal hasn't been signed off on, yet, I see the price opening lower and probably no trades above Friday's close. Therefore, WMIH should close down, while maintaining the market cap above $500 million.
All those buys yesterday at the ask, has me feeling we've bottomed out, unless KKR does not sign onto the deal. I am thinking we're flat to going up today, hedging on more people want to be in than out going into the weekend.
I think it will be another flat to down day again, unless the deal with KKR is finalized. Also, I feel it will maintain the $500M market cap.
Holding strong on the market cap prediction. Unless KKR does not sign on by the 31st. I am not expecting WMIH drop below $500M.
My guess is WMIH's market cap will not drop below $500M unless KKR does not sign on.
I'm placing odds on this week and the hiatus was due to the holidays.
*I see there was a broad sell-off in Asia, this might slow WMIH's run until the news crosses the wire.
Who thinks this won't hold $2.80/share today?
Does yesterday's dwindling price support at EOD indicate a decline at today's opening?
I wonder if they would be willing to sell those to WMIH share holders? Great rate of return. Though, of course, with the risk, the insurance sub might not have enough at the end of its run.
How about WMIH, buying part of what will be former KFN assets from KKR, financed 50% by KKR.
Seems the 'market' believes this company is valued at about $550 million with the best available information. To get further significant movement upward, it is going to take additional information.
I read some are speculating, it is either to undermine ANICO or possibly to have money to pay ANICO.
EOD trades, seems as though daytraders took cash off of the table.
Agree. Besides what are they fabricating, they don't say much.
I too agree, listing seems irrelevant. I think the quality of this company, sans revenue, is the 'talent' working for it, a la, Blackstone and now KKR, a board member named Eugene Davis, the NOLs and legal representation.
Nonsensical Propaganda.
He didn't. He posted together other peoples' comments in a manner which seemed to infer that....
Which doesn't seem to ever be more than $5/share!
Say what you will about where something is posted, but you still should consider what your EC states. Other people are not offering you 95% of the new company, only the EC is doing that so you should really question others making blanket statements without mentioning what their intentions are if they succeed.
I wonder how FJR will be applied to this if deemed class 12.
I agree, it seems they got what they wanted, to hold the price in check until the "marginal" amount of interest subsided.
To Summarize Dimon
We sold investors chit, we know, they know, but it is cost prohibitive for them to sue us, so we will fight them until they give up.