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Uplisting: Many large funds will need to buy WMIH.
Could be very soon now. Right after uplisting expect an announcement on MA.....then off to the races.
WMI and WMILT could merge as stated:
If you've read recent info, they could enter into a "business relationship". I think azcowboy may be right.
The CPMK connection is intriguing too though. This is a VERY complex deal and we can only speculate at this point until actual facts emerge, but know this.....it will be big and it will be soon.
The assets are sitting in R, waiting for a home.
Expecting an announcement in next week or two.
You know something has to be coming out now with the SEC numbers of CPMK and WMI now the same, plus the advent of Gene Davis as chair.
This is coming to a head quickly. That bump up of .25 on big volume recently was most indicative of a looming event. Someone knew or heard of something. Something big. Smart money always knows before us peons.
nurse, you have zero markers.
As we all know here, you did not know that those who released and received escrows got their WMIH share grants at 0.49
The FACT that you did not know that proves it all:
YOU HAVE NO MARKERS.
So stop "acting" like you do.
Gene Davis now Chairman? Very exciting development.
This guy is amazing. Wow. Huge news must be ready to be released. I love this new change. He's the real deal.
Grants given to BOD: time constraints.
I believe "the deal" is already done. So why has it not been announced? Simple. The board just got sizable option grants. Did we really think they would announce the deal just days after these grants were issued? No way. The SEC would have been all over that! The board has been smart to wait a little while so no impropriety could be scrutinized, which it would have been! They need to "play it cool". Things will happen very soon now that some time has elapsed. Relax people.
Hope AZ and others are right and the target is WMILT. Makes perfect sense. Wow.
Happy Memorial Day to my fellow longs. Our time is near.......
boarddork.....clear sailing now.
The way has been made. We are almost there for R to release the funds. Soon the champagne corks will be a popping. At least par but likely multiple posits.
Still shaking out weak hands.
As I said the small sellers continue to pay their overdue bills by cashing in here. That is almost over. We need to get through 3.25 and then the real run will begin.
Patience here. Great things in the near offing.
Lots of sellers left yet to clear out.
I expect to see this until 3.25. By then they will be gone then it's blue skies.
Clearing out weak hands today.
Many are seeing this big run up yesterday (with follow up today) as an opp to sell into strength. Many retailers are hurting financially, facing foreclosures, mounting credit card debt and bills, etc. and need to sell positions now to raise cash. Sad really, because this is going so much higher soon, but you do what you have to do.
Once the weak hands are cleared out I expect another leg up, with strong action again at the close today. Same pattern will continue until most weak hands are gone.
Much higher sp coming soon. Hold on if you can, sell if you need to.
No downward sp movement re: dilution.
Why? Because of the coming influx of $ from investors, assets coming back to the estate (many billions), NOLs, hedgies, etc. There is no where but up now. Dilution will not be a factor with this stock....this is no ordinary situation. If az and others are right about WMILT being the target, then ~50% of asset value will come into the WMI coffers.
I expect a run soon going from $5-10. Some feel $20-30 is doable and they may be right if the stars align like they look like they may.
$5 within reach soon.
If we get follow-through tomorrow with good volume $5 isn't far off. Once we hit $5 it's off to the races as institutional buyers pour in. Buying at these levels now is a gift few will ever see again in their lifetimes. Watch and learn.
We need more volume. Once through $3, a big move will happen.
$3 is resistance.
Sorry about the spelling errors!
I'm tired. And excited.
Escrows could be converted to LTIs at any time now.
This is how it might happen. Escrows will be converted via a formula, and the LTIs will be the vehicle for disbursements into those accounts. It will be a continual revenue stream as cash assets are confirmed and illiquid assets are liquidated.
There could be, say $10B in cash that would go into accounts immediately, then the balance, say $20-130B would flow into accounts as dividends/payments, perhaps quarterly. This could take years to complete as csny and others have speculated.
All in all it could be a tremendous revenue stream for escrow owners. Is it a slam dunk? NO. But it looks more and more likely as things unfold. As WAMU escrow holders receive funds, I contend that a great number of those investors will buy more shares in WMIH since it's part "their" company, which will create an exponential rise in share price and company value.
KKR, CITI, and Blackstone aren't here so they can all go out and have a beer together.
duder, I've done extensive research for 6+ yrs.
I feel we are well positioned now for some very big events, but I always tell people to exercise caution as nothing is 100%. With the heavy hitters, KKR, Blackstone, CITI, and many hedge funds, we are riding the coattails of big boys that will not fail. They could have done away with retail but we lucked out and remain alive, thanks to people like Nate and even the much-maligned Walrath.
My gut says WMIH stock will start to take off soon on speculation of a deal. 3.5B shares are there now for a purpose and we will know that purpose VERY soon.
Once money starts to flow into escrow accounts, I feel at least 10-20% of that money will be reinvested into WMIH, which will trigger a major breakout in SP.
Best of luck to all the longs.....could be quite a summer.
$330B x 50% = $165B returning to the estate.
That's likely the best scenario. $10-30B is most realistic but $100B seems to be conventional wisdom by those who know what the hell they are talking about.
CSNY: "many, many multiples of par".
I like her optimism. I'd be happy with $10B but if many many happen I hope those that get will help those in need. Remember the vets and the disabled, and be sure to get a financial advisor.
I used to think escrow chances, 50-50. Now.....I'd say we have over an 80% chance of significant $ coming back to the estate. Recent developments make that a strong 80%.
Nothing is 100% in this crazy corrupt world until it happens.
Is WMILT the target? Maybe so.
This new filing may very well have been anticipated. The door is open for this new "business relationship" between WMIH and WMILT.
Yep, just like ole AZ said. Not a bad guess for a dumb hillbilly biker. :)
just sayin'
Tanja, thanks for this great find!
Wow. Nice way to start the weekend.
Yes boarddork, this is HUGE.
First, § 5.33(d)(2)(i) now
includes consolidations and mergers of Federal savings associations with state trust companies.
Looks like AZ might be right about WMILT being the target!
CSNY/bop posts are relayed to me.
I am no longer on boardpost and can't get back in. Naziville.
CSNY/bop, for many, is why they are here. Way back when, she championed our chances to see significant gains. Those who listened then have seen 470% gains in their WMIH grants, just since 2012.
She will never post here....too busy. Anything blockbuster will be relayed here and at the fb board.
Yes LG, azcowboy is the best and knows what he is talking about. he backs up his ideas with solid facts and very strong research. His altruism is unparalleled. Surely he could keep all that to himself but has chosen to share it with others, as does CSNY/bop. Amazing people that we will all someday credit for our newfound wealth due in large part to their guidance.
CSNY has been unwavering, like AZ.
They are 100% confident in their assertions about WMIH as well as escrows. Many other great posters as well. Others, like here, are very negative....a battle that will soon be over when WMIH soars and escrows pay out posits.
CSNY posts regularly on boardpost. She is a highly skilled and very knowledgeable Bk attorney.
Lots of luck getting in. Disfunctionally managed board.
LG, it is hard for some to fathom.
I understand, after almost 7 years, why some might be worn down. But if they followed it in depth as we have, they would have no doubts. The move to DE is done, and now they can get on with the next phase. AZ thinks WMILT is the target, and it well may be. CSNY is the sharpest knife in the drawer and she is 100% confident of "at least 10B" coming back, but likely much more.
This is a once in a lifetime opportunity, and it will be life changing for many. More to start happening very soon.
Mr Simpson: yes the stars are aligned.
All is finally in place to move this fiasco to the next level of fair and reasonable. All's in order. MW and board are to be commended for taking this mess and re-organizing it and positioning it for future success. Not sure if they read this board (I'm quite sure they likely read boardpost), but if they do I hope they know that the vast majority of us greatly appreciate their efforts. Bringing onboard KKR and Blackstone, as well as CITI, were major developments, and heavy hitters like those would not have come along just to make a measly couple million. Big things are on the way.
I am more confident than ever now. Good luck to the longs who have endured. Our time has come for great things, finally.
The FDIC-R is not giving FOIA request responses on WMI.
Why? Pretty obvious.
WMIH and escrows are solid.
WMIH will be much higher very soon, and long term it is the best play you'll find. I expect that by July people here will be quite happy with their investment.
As for escrows, yes it sounds too good to be true, and may be, but......based on the FACT that JPM and R have at least 165B that needs to come back to the estate our chances of significant dollars coming to escrow accounts are very solid. There are no guarantees in life, and this is THE most corrupt gov administration in our country's history, so don't bank on anything, but I like our chances, alot.
I have made a 470% gain on my WMIH shares granted at .49ea (hear that nurse?), and expect far greater gains very soon.
GLTAL
Big week coming up. Re-incorp and much more.
I think we could see several announcements at once by Friday. Lots of MMs involved now poised to pounce when news hits.
Could also announce M&A is the WMILT going to WMI as many have projected.
Watch your escrow accts closely.
Where do you come up with this nonsense?
drrugby, no doubt the tax hit will be huge for us. We will be 1%ers and they will come after us. I suggest everyone with escrows get a good trustworthy financial advisor involved immediately before spending one cent of it. The IRS can find ways to confiscate it all, as they are doing to many these days, taking their life savings for some ridiculous reason, and they have unfettered power to do that. Pray Hillary doesn't get in or we are doomed.
$100B coming back is the best educated guess of many in the know that I have been in touch with. That could take time though, thus the "don't hold your breath comment".
I say $10-30B will come quickly (any time now IMO), with the rest coming over a period of many months and even years. That money will flow into the LTI accounts as assets are confirmed and liquidated.
In the haste of the takeover many assets were missed. These must be returned to the estate. Simple.
Dimon wasn't as smart as he thought.
WMIH up 470% since grants.
Great gains for those who gave releases, with lots more to go. At least Walrath did something right......let's see how her escrow posits turn out next.
W3R, I agree this happens quickly, any day.
This is all coming to a head quickly. >Assets are coming back sooner than anyone here expected< and soon WMIH will fly as assets are reinvested. >>exciting times soon<<. Feel sorry for the shorts.....very sorry.
Hotmeat, no one will be able to scare any of us now. Too many big things in the near term. Aint nobody goin anywhere my friend! The shorts are screwed now and they know it. Relax and enjoy the ride.
Lack of volume = no one selling.
Why would anyone want to sell here, knowing that by May 15th, and beyond, this stock will be much higher? Everyone knows that. Selling here is ludicrous.