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Are we expecting Tepper to buy back in soon?? or where did those 8M shares go??
Well, by the information posted on the board lately about Rosencrap leaving and PIERS being paid off it looks like good or bad the final outcome is near.
Members of this board are expecting a waterfall of cash by means of escrow shares awarded to the beneficiaries of the estate or people who released JPM of any court burdens. Popular belief dictates JPM and Deutsche Bank will get settlement payment by 9/5/2017, the last hurdle on their quest for WMIH liquidating Trust to start a distribution. But we have heard that one before for the last 8 years or so, eventually one of these times its bound to come true and they will say "see I told you" for the 20th time but I told you. LOL!!
$USRM has no viable business just a patent for a catheter LMAO, Good Luck!!
U$RM will go down subpenny were it belongs!!
No sane person would touch this not even with a 10 foot pole.
I told u so, https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm573431.htm
but you would not listen!!
what does "properly submitted releases" mean, that sounds kind of redundant. I mean if you got shares in WMIH and a determined amount of escrow markers how could it be wrongly submitted?, your statement is confusing!
Because the defense case did not hold any water!!
Sssh, that means "no money left". You are not allowed to say that.
WOW, this POS still trading?!!
There's always one next BIG day,ask LG!!
LOL, true that!!
Bottom line this stock will get halted, I have been told the SEC, DOJ and the Trump administration have been notified of this ordeal.
Cotton when will I start seeing money rolling into my account?
NOTHING! NADA, ZILCH!!!
There most be nothing left to milk!!
Significance of Jan 5 2018 = "Game Over"
A mandatory redemption of the Series B Preferred Stock would likely have a material adverse effect on our financial condition and business operations.
If we do not consummate a Qualified Acquisition, or take other actions to extend the redemption date applicable to, or to refinance or modify the terms of, the Series B Preferred Stock, then we are obligated to redeem the Series B Preferred Stock on January 5, 2018 (the “Series B Redemption Date”). Our management team remains focused on identifying and consummating a Qualified Acquisition before the Series B Redemption Date. However, there can be no assurances that we will be able to consummate a Qualified Acquisition prior to the Series B Redemption Date, on terms favorable to us, or at all. A mandatory redemption of the Series B Preferred Stock will substantially deplete our cash on hand to continue seeking acquisitions and would likely have a material adverse effect on our financial condition and business operations. Relatedly, under those circumstances, we also may not have access to alternative sources of capital or liquidity.
6
Under the Amended and Restated Certificate of Incorporation (“Certificate of Incorporation”), we will be obligated to redeem any outstanding Series B Preferred Stock on the Series B Redemption Date in the event we have not consummated a Qualified Acquisition. All or a portion of the Series B Preferred Stock automatically converts into WMIH’s common stock upon a Qualified Acquisition or an Acquisition, as the case may be. If a Qualified Acquisition or an Acquisition does not occur, none of the Series B Preferred Stock will convert into WMIH’s common stock. If an Acquisition occurs but a Qualified Acquisition does not occur, only a portion of the Series B Preferred Stock will convert into WMIH’s common stock.
“Acquisition” means any acquisition by WMIH (or any of its direct or indirect wholly-owned subsidiaries), in a single transaction or a series of transactions, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all the equity interests in, or a business line, unit or division of, any person. “Qualified Acquisition” means an Acquisition that, taken together with prior Acquisitions (if any), collectively utilizes aggregate net proceeds of the Series B Preferred Stock Financing of $450.0 million.
STRAIGHT FROM THE HORSES MOUTH, THAT SUCKS!!
Read more: http://getfilings.com/sec-filings/170314/WMIH-CORP_10-K/#ixzz4ecBUZMAY
be back to 1.10 pps tomorrow, no big deal.
Sure way to kill off the small investor. I guess we were destined to get crushed after all.
Tired of this WMIH/escrow Farce. After all these years it is time to cut the BS and for the BOD or whoever responsible party to show me the time and date when they are going to deposit money in my account or tell me there is no money left OFFICIALLY and end this crap "charade". This has gone long enough.
I like the way you think Jimmy
AZ cowboy lets say we get a WMIH share distribution for our escrow, would you trust this company for future years to come or would you sell your whole stake and call it a day?? Thank you!!!
BK you are misunderstanding the whole WAMU lawyer jargon you got to get passed that and learn how to read between the lines.
I second that, welcome back AZcowboy!!
If it is time why is it that Tepper has not bought back his 8M shares?
The theory or general consensus is both will do well since you might get more WMIH shares for your escrow either that or money or both.
Sorry Pincus that really sucks. I had to sell a few as well but have the majority of my position which I have hold for the last 8 years.Although I have lost faith this will ever materialize into anything. Hope you can get back if something ever happens.
Hedgies have already been paid u just don't know it...
WMIH has always been a BLOODY SCAM....
Wow!!, this POS still trading?
THIS POS IS A REAL POS!!!
Yeah,WalRAT does not like delays this should be over SOON! LOL
or maybe next month or next year but SOON!!
USRM will keep tanking there is no driving force news or otherwise to push the price up. Now they gonna have to rely solely on profits which will be close to none, add to that a lawsuit here and there. It adds up to subpenny level. Basically all your doing is paying the Board of directors their salary. LMAO!!
Hahahahahaha!!!
you'll know it when you get 20k and not 200K then you'll go "Oh snap I was WRONG!!!["/b]
AZ, Can you provide an educated guess as to what you think is coming back?!! It seems we have people at at both sides of the spectrum either too much or too little coming back. What's your take?
Actually they are talking about 100x value LMAO!!
I tried to warn people about this scam but noone listened.