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Nurse, is that you?
Not really. Hochberg was a minion of Holder, just as Walrath was. They did his bidding, on orders of Dimon's best friend, Obama.
But now it is unraveling plus they can't live with the guilt any longer. Dimon has cancer and Rosen has also been getting eaten up inside. Karma. It will all be "unsealed" very soon.
The WMILT assets are the "target".
That's the proper way to term it. So, we just don't know how this will all play out. Many scenarios!
The advantage for WMIH to buy assets from LT? Well, they would be sold at a fraction of actual value, say 50%. >That's a great deal!< Plus the money or shares that WMIH would pay LT for the assets goes into the LT coffers. That's US and WMIH big boys and hedgies for further investment back into WMIH to buy more assets, plus the 2.5%. As we have said, many escrow holders and hedgies would pump a lot of those escrow payouts back into WMIH. Essentially fueling OURSELVES! That's a crazy scenario but could be a possibility.
WMIH could also acquire someone that has the staff and systems in place to process and manage all of these transactions. That might be the first thing to hit. That could happen any day.
These are all wild ass theories. If LT has as many assets as we think, this could be huge. Let's see what happens huh? Estimates from those in the know conjecture $100-350B. Some assets could take time to confirm, some could happen quickly.
Other theories welcome. Of course the bashers say there are ZERO assets. They might be right. But based on Dimon's shot across the bow $30B "leak", there is likely more than meets the eye or he would not have even brought that up. Gee, look what I found, more assets! "Sealed" my ass!
Your best post ever nurse.
Not sure if you just smoked a joint or not, but I like you better now. Happy 4th and keep your chin up. Good things on the way. Seriously.
Kumbaya.
BINGO.
You hit the nail on the head. We are riding the coattails of the hedgies. And they do not lose. Nor will we.
Glad to be on board with them. $$$$$
Why do you think Banner Bank?
I'd be shocked if that happened. They are waiting for the LT assets and will pounce on those. Many theories.
Let's see who ends up being correct.
No one has been "right to date".
No one. This has to play out. Then we can look at the scorecard, but not until then. Pullllleeeeeeze?
So you think $30B loan assets can be had for a measly $1.9B huh?
LOL Some of the comments here are just, well, ridiculous.
Too funny.
Time will tell, as I said.
For now, no one is right or wrong. These are just theories, thus the purpose of a stock board. When the crap hits the fan, either way, then medals can be handed out. But I bet I'll be wearing one!
We all know WMI cannot "buy" LT.
But its assets ARE the target. That's what it means by target. Plain and simple.
Dimon and Obama are best friends.
Dimon was a huge donor. One hand washes the other. Walrath reported to Holder. Nuff said.
Pretty obvious statement by Rosen.
LT can and will sell its assets. Why is his statement looked at incredulously? This isn't rocket science. Plain and simple. Assets will be sold and proceeds distributed accordingly. Got it?
WMILT is the target.
As more and more time passes with no deal,it is getting more obvious that LT is the target.
This has been pointed out by others and now it is looking like a strong possibility that this is WMI's intention.
Should know more REAL soon. So where do you suppose all those assets JPM and other filings show have disappeared to? Hmmm? Did they disappear into thin air? Gone forever?
Me doubts it!
thony, I think this indicates the close relationship between the two entities. Lots more to come. Lots.
I sold a few, getting them at 49 cents.
Bought a new Lexus and paid cash. Free SUV loaded. Enormous profit from the release grant at 49 cents so I couldn't resist! I have lots more where those came from, along with a huge number of Ps and Qs. Sitting back and enjoying the ride. Getting close to something........
Exactly AZ. I look forward to the liquidation!!
Yes, the rest of this is penny ante in comparison. The big "WAMU enchilada" will be a feast like no other. Believe it, or not. :)
jb, I think it's as simple as this:
Stick to your guns and stay the course. We know what we know and believe. I do think the escrows will get paid. I also think something is going to hit very soon on WMIH, if not this week, then very soon. Relax and enjoy the ride.
W3, have you seen this before?
Maybe it's always been that and you just noticed it, or is that not the case?
It is sure thing.
Just a matter of when now.
We are close.
Big week coming up...maybe
This COULD be the week we've been waiting for folks. At least for WMIH. Escrows may take a bit longer, but maybe not. The escrows will be paid out in phases, maybe even in stock or dividends. Initial payout $10B+. $30B+ near term. $100B+ long term. My predictions based on FACTS.
Market is closed Friday 7/3. So, will Thurs be a good day or will they release news Monday? Who knows. Smart money says not Monday.
If there is a PR Monday it will be the best kept secret in history.
but know this: It's coming.
Some assets may come back to WMI itself.
Very interesting twist and this could explain the delays here. If some assets belong to WMI then those assets are cash and go right into the coffers of WMI. This is being discussed heavily now. Great find! Wonder how many billions could belong to WMI. WOW!!!
Hope they are right. This could be huge. They could use those funds to buy back other assets owned by WMILT.
>This could be why we are seeing this delay of a deal.<
I liked AZ's comment today:
"Some people here are going to get very wealthy in spite of themselves."
Some big boys likely know.......
But they can't pull the trigger here or they would get scrutinized by the SEC. This is the quiet period.
let's talk next week. Something will hit very soon IMO.
Relax and enjoy the ride.
Don't let them get your shares!! They are trying hard.
Correct on that $38B.
There is of course much more and that has been explained ad infinitum. 38B looks to be a slam dunk. I'd say $10B fast then the rest on a schedule, perhaps as quarterly dividends to the new markers.
My near term prediction.
Things will happen over time in a series of events, but I say it is highly likely that there will be some sort of action by the end of next week. Don't hold me to it, but the stars are aligned for something significant. It's not the big one some hope for, yet, but something is going to happen IMO. Sure would make for a nice 4th of July wouldn't it?
Disclaimer: I did not hear this from sierra.
No problem, mad4.
Fact is though, none of us really know. We can all guess and predict all we want, but we won't know until Oprah sings!
If WMILT is indeed the target..........
Then trust me, WMIH has a pretty damn good idea of the assets that will come back to WMILT. If azcowboy and others who have done extensive DD, for years!, have uncovered this info just through DD, then of course WMIH has as well, and more so.
8K? They don't need no stinkin 8K! They already know what they need to know with 99.9% certainty. It's not insider info. It's there for all to see. Did you see the infamous JPM filing??? Why do you think they haven't done some little cheesy acquisition to date? Much is "under seal". $100B+ of assets don't just vanish. How could they???
Again, the question is, how long will this all take? My best guess is a small amount will come back and boom, the acquisition. This will lock WMIH into the LT bag of goodies. Then as assets are confirmed, released, and liquidated that amount will continue to flow into WMIH, the gift that keeps on giving. Brilliant plan.
If I'm wrong I'll eat Monica Lowinsky's presidue dress.
(eeee gads I hope I'm right!)
I agree. WMILT is the target.
I now think WMILT has likely been the target all along, but who knows for sure until it happens. Until all is unsealed we just don't know what's in the R.
I do know this - the team that has been assembled, along with KKR and CITI, and Blackstone, was not put together for the hell of it.
Capmark is no longer CPMK as of now.
If there is anything to the WMIH rumor there will be a PR before the open tomorrow. I say it was just a rumor but who knows???
LG, people can deny all they want.
The facts are there, plain and simple.>The receivership will need to turn over assets to LT, and soon.< They cannot hold them forever. The FDIC is not a bank!
I expect $100B or more coming back eventually, with $10B or more in the near term. Time to put the heat on R. Enough is enough, no more foot dragging! Much more is going on behind the scenes than we know.
All in my humble but I feel, accurate opinion.
Escrow info within a few months.
No one said this was going to conclude "tomorrow"! Geesh people relax. Things are moving forward. I believe the WMIH will start to move very soon, but we all knew the escrow issue would take a while to sort out. By Sept we should have a better picture....that's NOT far off.
$100B coming back looks fair and reasonable now. Things are finally starting to happen. Expect WMIH to start to move in consort.
Expect volume to start coming back as we get closer to a new anticipated date of July 5th.
Also Judge Collyer is making a ruling today that may or may not be a factor.
It's going to hit the fan soon.
$350B in assets could come back.
$100B is the most talked about amount that will come back by "the experts".
$10B is a no brainer and will pay par on escrows and about $2.50 on commons. When is the big question.
WMILT is the target.
Been obvious for a while now. That's why we haven't see M&A.
To those who think it's a joke.
I think those bitching about this being a joke are having financial problems and are desperate for their money, NOW!
Look, investing in a BK process is high risk and you should not count the days because you need financial help desperately. It's not WMI's problem that you are hurting financially.
Let this play out and try to be patient. The result is coming soon and will be a good one.
Lawyers only ones who benefit in classactions.
The shareholders get pennies, if lucky. All the money goes to the lawyers. Class actions are a joke. Trust me.
Smart money says nada. Yet.
We are close but not there yet. The leak a few weeks back when it raced over $3 with good volume was the indicator. Now they are just tying up loose ends.
Completion very soon.