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PRETTY MUCH SUMS UP WHATS ABOUT TO GO DOWN.
Azcowboy,
Well you bike is still in one piece and odds at this point are favoring no LTI's. So in plain English.
Are you saying>>>>>>>.
Escrow shares will be will receive their value from Coop purchasing the trusts from equity as equity owns them.
Q's K's P's as the original owners of WMI WMIIC will receive their value from the purchase by Coop of their right of original ownership. Please forgive me I sometimes am simply and plain spoken.
I am am just looking for Clarity .
Thank you Regards,
B
Jerry,
That's my point the intentional and deliberate scriveners error and its omission of contracts, assets was intentional and deliberate, which in it's self is alone is enough to win a landmark ruling. scriveners error is usually related to a a couple of words Not a whole frigging asset list!
So not one of us knows how much is in the sausage basket. I find it hard to believe Susman & Godfrey just let that slide. This is a reason it will never see the light of day and we all know why...
Now I do believe we will be paid a restitution of sorts. How much I truly do not have a accurate estimate. What we see above the surface is not the story or anywhere close so we will not truly know just how bad or good we are going to get it ...However any trip and fall lawyer would not release all the wrong doing of this magnitude for pennies on the dollar.
IMHO Regards
B
Everyone needs to understand this from the FDIC
Jerry You said :
Ed Sargent & Parker Folse if everyone will remember gave all a huge clue when they said Equity will see it true recoveries from the estate when WMI completes it acquisitions WINK! After speaking with both of them post 2012 they all but said the same thing.
Now please go back and read and listen again they said the key to Equity's RECOVERY of ASSETS would be when WMI had success in acquiring other companies and they were not talking about the NOLS that was emphatically made clear! Now we are almost here. Take of it what you will but we are very close to seeing how this works out. How and what did they know? But it was made clear WMI had to complete it process before anything else would happen. They undoubtedly knew how this had to go down. Their statements are one of the reasons I am still here. A couple more months and a beat up shorted COOP suppressed price and we should see the fat lady and all her glory; barring another vacation or frivolous appeal.
GLTA Regards,
B
I could see that to an extent, but JPM's history as Americas bank has a lot of skelotons that can rise from the dead if someone wants to play hardball.
Respect regards,
B
JPMC 2017 10K regarding Assets purchased seems to be a lot more precise in its wording
National Security!
She had no choice!
Escrow Dollars
I share your sentiment! I do know this the longer this goes the more unlikely once we get past the final days of the B.K. the less likely we will ever see a Escrow dime. The road is getting mighty long and a lot of hopes have been squashed.
I think our saving grace is the Hedge fund escrow shareholders . If we ever had the chance or could get one of them to answer...possibly Tepper "Big Nuts" would be the one to tell us what the value of our escrow shares are worth or not. At this point I am not putting anymore in Coop as the crooks running this game do not give two chits for retail.
Regards,
B
BBANBOB
I think he meant WMI? I think.
Pard Regards,
B
WWATHE EXTREMELY WELL WRITTEN AND EXPLAINED POST! I am not sure if I am total agreement on the numbers (a bit high in my estimation) however the mechanics are extremely compelling. It also further collaborates a few other hypothesis in the same track....Very well illustrated !!!!!
Nicely done regards,
B
I got that. However its says what the cusp were established solely for the purpose of the LTIs I do not see why they cannot be used as a marking basis of recovery of original ownership of the former equity holder.. I get the black and white....I find it more like a head fake with a b.s. staemment. why send it to the brokerage for them to carry with no value.... I guess will see either the facts as stated will stand and we will find a fat zero or if recovery will flow using These as a master log of released reciept if $ or penny's flow.
Regards
B
Hotmeat
May I then pose then why are the Escrows issued. If there was no potential then why the need to issue Cusp"d's par for par?
REGARDS
B
Bottom Line....... All are not here for nothing pro or con and all the hedgies all the Marker holders and all the institutions are not here for a 3 dollar stock. Who gets what? and how much; none have a crystal ball at best an educated W.A.G.
The real questions are the ones nobody pro or con have called. The how, The when and What have yet to be answered.
What I have seen thus far is goal post move, time frames expand and as in life good things that come take a whole lot longer than one plans ....Till then everyone's guess is as good as the others and we are all passing time waiting for the big machine to take a dump and hopefully its not smelly.
Someday regards,
B
Goodie
It is the value of the combined trust that you would be part to. but remember win a company has profits they must place the value in something cash,stocks bonds, equipment, infrastructure or in this case as a bank a performing trust.... which as a share holder you participate in that value but it is not directly tied to your share price just the overall value of the company which you are a owner in. That's how I see it.
Goodie regards,
B
AZ,
So what you are saying makes sense to me if the trusts all do exsit ;which it appears they do; then they would be only good to those named as the beneficiaries specifically named...For give me as I have been out of the loop for quite sometime as professional work has kept me at the grind 7 days a week 18 hours on clock daily. So I am a bit fuzzy but again I have been in and out of the camp of 75/25 but the more I go back and read 75/25 did not pertain to what had already occurred with the agreement of POR 7..
Per the FDIC "If you are an equity shareholder, your shares are in Washington Mutual, Inc., the holding company for Washington Mutual Bank, and not the Bank. Washington Mutual, Inc., and the interests of equity, debt holders or other creditors of Washington Mutual, Inc., are not included in the closure or receivership of the Bank. Washington Mutual, Inc. filed for bankruptcy protection on Friday, September 26th. Please contact Washington Mutual, Inc "
I guess we shall see for sure but I seem to be moving very fast away from the LT's
Hope all is well with you and yours.
Az regards,
B
Hi Pard
I am living the "better to Burn Out, than rust out MANTRA".... FOR REAL. Booked on the Clock 132hrs last week. I will catch up soon getting a break in 14 days ...the game is changing again.... This Draft horse is going in the barn for the night after about 2 more hours of heating beating cutting and welding ...I cant wait till both the GRINDS come to an End. One WMI and One a workhorses hardest days.
Head up eyes forward and muscles pulling regards,
B
P.S.
The best to you and yours ...Truly...Always!
NO TIME LIMITATION OR 10 YEAR MANDATE EXIST!
JB3136
That is correct I have spoken at length with the FDIC about this issue and no time limitation or 1o year mandate exist! However as the FDIC-R had stated to me that THE RESOLUTION OF wmb, fsb AND wmi ARE COMPLETELY AND DISTINCTLY DIFFERENT. WMI IS NOT AND WAS NEVER PUT INTO RECEIVERSHIP AS STATED BY JANICE OF THE FDIC. JANICE IS A LEAD MEMBER OF THE RESOLUTION TEAM AND HAS INTIMATE KNOWLEDGE OF BOTH.
Best Regards,
B
Janice from the FDIC had also said the complexity of the unwinding of WMB was massive as the 1oth circut cort of appeals just has ruled.... The FIRREA exhaustion requirement does not apply to post-receivership misconduct. See Homeland Stores, 17 F.3d at 1272-76. Therefore, we have jurisdiction over these nonrescission claims.”
(See: 18-4-27 – Order affirming District Court)
https://bpinvestigativeagency.com/wp-content/uploads/2018/04/18-4-27-Order-affirming-District-Court.pdf" rel="nofollow" target="_blank" >https://bpinvestigativeagency.com/wp-content/uploads/2018/04/18-4-27-Order-affirming-District-Court.pdf[tag]link
What a mess regards,
B
There is no 10 year deadline period! You are correct! I spoke with Janice Hern from the FDIC office and she is directly involved in the Wamu receivership. As she said . "The FDIC seized WMB WMFSB however not WMI". Janice went on to state that WMI and the FDIC was a matter distinct and very different from WMB. I asked her about the 10 year rule and she stated " that the FDIC is not bound or mandated to complete the receivership within a 10 year period."
My contacts and ins to the FDIC have all been muzzled and will not speak to me or about the case anymore;period!
Just the facts even though I do not like them either.
10 year poof regards
B
Good question, I do not honestly know the answer do you?
Regards,
B
As per Ed Sargent. I got nothing except him saying he was not following the case and he had no comment as per about a year ago. So all I know is as some here have said this is not ripe yet.
I do not believe a class action will get you anywhere. I do believe we will find out by the end of this year what we get or do not get. This circus has a ways to go before the elephants enter the ring. Of course this is just my opinion after all the calls, letters, emails and D.D. I have done that is what I surmise and its just that...... an opinion.
Waiting regards,
B
JohhnyIwantsome checking in on the 9 year Drama...
As I said a week ago.... be prepared for the dilution effect and the pain that will follow. This is a very big boy game and we are small cheese. I expect they will crucify this stock a few more times. I sold a good portion of my holdings high 1.40's a...the boys can't help themselves because most are not driven by hope,fear,greed, and alike...its bsn. To these guys it is just to easy. The day the wink and the nod comes they will be on the right side of the trade.
I expect more pain in the short term. I am not holding out a lot of hope on WMIH for sometime. Personally I feel towards the end of the year we may see some action in. I feel as though Escrows will see some form of restitution I just can't figure out the mechanics of it yet as we are still seeing the view from the rear-view mirror; as the won't let us look out the front window.
Personally I see some trading opportunities in the short term as they want to flatten and scare dilute suck up as many shares as they can before the cut the anchors loose....
Just my thoughts and observations based upon what I have read, know and seen. With that being said I probably will be dead wrong but with escrows and signed releases it really wont matter you are in or out and you will win a penny or a pound.
Good luck to all
Regards,
B
My DK web guys say it locked down every bit and byte is cleaned gone ...and one is crazy good. My sources at the FDIC are all gag'd and a friend in pretty far says he cannot speak of it. Working on a favor but its a slow roll. As he said there is a reason why parts of this are a Nat Sec Issue.
Libor I would agree but have not taken that angle to be honest. I will poke around and see what or whom might lend an ear.
Best regards Ron and always thank you for all your contributions!
B
I guess I am in the camp with BB. We all been here before, and as before no road is straight. I will agree we are starting to move and that for sure is a Huge positive!
The dilution will be a factor and I for one do not expect a massive run to the Moon. There still is more shares to be had as all will not have completed their screwing of retail. When the boys are ready to let it run they will. IMHO I think they play the same game as before and will fleece as much as they can from expecting retail. Then and only then we will begin to see the real appreciation. As far as escrow I pretend not to know their true value and as all I hope I see restitution.
Best Regards,
B
CLERK'S NOTICE REGARDING FILING OF APPEAL Been out loop anybody see this
http://www.kccllc.net/wamu/document/0812229180601000000000004
Case 08-12229-MFW Doc 12487 Filed 06/01/18
United States Bankruptcy Court
District of Delaware
In re: Case No. 08-12229-MFW
Washington Mutual, Inc. Chapter 11
Joshua R. Hochberg, the Examiner
Debtors
CERTIFICATE OF NOTICE
District/off: 0311-1 User: Brandon Page 1 of 23 Date Rcvd: May 30, 2018
Case 08-12229-MFW Doc 12487 Filed 06/01/18 Page 2 of 24
Gots to fly right now ..probably nothing ...one big list though !
Check in later Regards,
B
Got to get back to tasks at hand....I will check back in later tonight. Hope all have a productive prosperous, pleasant day.
Till later regards,
B
Thanks All the same for trying. I am going to try another tactic with the crew over there. Maybe I can get in through the ventilation system or smoke them out....LOL In other developments my I.T. guys are still only finding Bytes,Pieces....still nothing as looks like they cleaned the deep web.... deep real deep.
Thanks
B
Hotmeat I will ask him to look into this. Hotmeat did you ever get a reply from the WMIH investor realtions? I know you had been trying to Pique them and I was wondering if you had heard a peep?
Regards,
B
Back to my business for now as the mill I work requires my attention! The children and lovely gal I have been blessed to share my life with requires me to focus on that.
As I have many lines cast and nets flung afar if something grabs I will share it then...till they for now ....good day and may we all find peace and prosperity in our time.
Tonight we will pray for the sick and injured and those here whom have left us while we all wait.
Gods Speed.
B
LG I appreciate the kind words as I only am trying to lend the little I can. I feel very comfortable in my Escrow positions and WMIH positions. I as all whom have skin in the game hope for the very best and wish all here whom have been financially scarred will see their rightful ownership and equity returned. I am more and more in the camp we will see significant recovery.
Best Regards Always LG
B
AZ with out starting a FIRESTORM around Your Research a few Others and my personal research into this does lend itself to......
YES this is correct:
Nunc Pro Tunc AZ. I will say it would be one of the biggest in the financial history of banking in the U.S.
As my investment manger said this morning at Morgan Stanley as we are distinctly and know for fact is the days in late September 08 when all heads of the financial institutions where Sat the F down...they where all told how, why, and what to take and give. What was about to happen they absolutely had no choice in...As he stated THEY WERE TOLD not given a choice.
He did complete some research for me and his findings are in line with the Performing Trusts Theory of former WMB and WMI. What he could not say is how and when they were coming back to Escrow, but it was his contention that billions of assets are there.
We will all keep are fingers Crossed and hope for the very best knowing that chances are we will see recovery for Escrow as well as appreciation in the New co.
We Pray
Regards,
B
I believe ...Just Me in my own belief these words are extremely telling>>>>>>>> he "Brian" was telling the Judge as she knew, and Examiner, EC and all whom where listening that this is already known and already factual that this is traveling outside of and parallel too..
So We are in agreement and verified via personnel at the FDIC-R.
Regards,
B
10 year Anniversary FDIC is fictitious deadline.
As I definitely hope and pray this will close on or before the 10 year Anniversary, according to a senior manager heavily involved in the resolution, receivership and the closure of the receivership as she stated the FDIC-R is not limited to 10 years.
Janice Hearn from the Dallas office Stated " the the Fdic has no obligation nor mandate to close the receivership of WMB WMBfsb with in a 10 year window.
When asked about WMI Jancice stated, "That is a matter entirely distinct and different". I asked well then what about WMI closing in 10 years she stated "I can nor will make no comment as to that"
Fdic Regards,
B
Short up date % Looks like something or some entity is hard at work suppressing and controlling the pressure!
Short Volume & Short Percent isn't the same as Short Interest
See Short Interest, Price Action, Short Pain and Latest News For wmih Here
See Stock Price & Short Volume Chart for wmih
Aggregate Short Volume Data Reported to FINRA
Date Short Volume Total Volume Short Percent
04-24-2018 80,544 149,751 53.79%
04-23-2018 71,880 147,324 48.79%
04-20-2018 188,049 313,207 60.04%
04-19-2018 170,229 214,130 79.5%
04-18-2018 44,377 117,033 37.92%
04-17-2018 106,766 220,417 48.44%
04-16-2018 66,582 157,768 42.2%
04-13-2018 130,766 222,878 58.67%
04-12-2018 63,764 121,810 52.35%
04-11-2018 46,914 76,945 60.97%
04-10-2018 42,420 187,958 22.57%
04-09-2018 39,544 128,415 30.79%
04-06-2018 87,497 147,505 59.32%
04-05-2018 88,045 109,112 80.69%
04-04-2018 93,889 145,647 64.46%
04-03-2018 65,715 131,394 50.01%
04-02-2018 243,009 382,896 63.47%
03-29-2018 71,177 133,752 53.22%
03-28-2018 148,919 271,646 54.82%
03-27-2018 134,724 374,762 35.95%
Statistics
Most recent short volume percent (04-24-2018) 53.79%
Average short percent last 20 days 52.9%
Percentile rank of most recent short volume percent 50%
Short percent standard deviation 14.51%
Number of standard deviations away from mean 0.06
In truth, much of the short volume is due to market makers selling into the market a few fractions of a second/minute/hour before they close their position by executing a broker order. Due to the fact that market makers cover many of their positions seconds later, much of the short volume isn’t necessarily an indication of useful bearishness. The fact that a market maker is willing to sell and cover seconds later doesn’t do an investor holding the stock for the long term any good. The market maker could be bullish on the stock long term, and still be willing to short temporarily to satisfy a client request. Similarly, many market makers often have to go short in a fast market in order to fulfill their job of providing liquidity. Other market makers will widen their bid ask prices enough to get out of that scenario.
Short regards,
B
What is significant about WELLS FARGO is the The Bank one of the largest mortgage originators and lenders is their growth has been Frozen !! What do I mean by frozen? The Bank cannot grow beyond their asset size as of the end of 2017. So it is to say NSM sure does look to gain significant business. Wells Fargo is capped now! How do they grow the company without getting further fines and levees...Simple really, off load servicing.
Federal Reserve Shackles Wells Fargo After Fraud Scandal
Az very very good illustration of factual happenings.
Nice
Regards,
B