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WMI is not interested in a 20-30 yr time frame now.
I'm sure they are only considering the immediate future. At the rate this world is going 20-30 yrs might not be.
Large number of funds piling in now.
Wow, never seen so many at the bid. They know something. Check out level 2!
I understand the escrow doubters, but....
Based on extensive DD by very knowledgeable people our chances are much greater than many think. While no slam dunk, I think our odds are 50-50 or better that we will see significant distributions. Not sure when....our gov is very corrupt and that's what worries me most with the FDIC involvement (plus Obama's buddy Jamie).
Whilst waiting, let's enjoy our coming ride up on WMI. The escrow payout will be icing on that cake.
Should see another big day...climb continues.
Expect further short covering now as WMI starts to really soar. Good news is not far off now.
GLTAL.
It's been a long hard 7yr road for longs.
Many are distraught and worn out from the wait and the corruption of this scandal. I understand the frustration as well as the naysayers who now say we will get nothing.
But level heads will prevail. We are seeing this now with the upswing of WMIH. Very nice movement and volume and its just begun.
But the home run will be escrow payouts. That is the lotto for those who have them. At least par's coming. many say multiple posits. Could be. But we need a little patience for the escrows, or "don't hold your breath" as "some" would say! In the meantime enjoy this run on WMIH until the lotto comes knocking at your door.
Some small funds can buy at $3 and some even lower. The larger ones often have $5 minimum in their charters. When this hits $5 it's off to the races. That won't happen till big news/uplisting though. Could be very soon, who knows?
Something big will hit soon IMO. And yes, the escrows will get paid at least par....when is the unknown, but despite many naysayers escrows will get paid.
Good things come to those who wait.
Don't believe everything you "hear".
Mike is very smart. I can see him saying that facetiously.
BTW, I've made so much on my WMIH stock that the Lexus was paid for, with cash son.
MW could/would never say anything but!
Look people, he couldn't possibly say anything of positive or negative nature due to legal ramifications of such a statement. So all he could say was, "no comment", or "don't hold your breath"!
In other words, "this could all take some time, but I can't say that"!
$3.00 will hit soon, then >>>>>>
Once we get through $3 this should start to move quickly as M&A and uplisting loom. Big things coming and big boys know it.
Very good days ahead for WMI investors.
Withcatz: $7 per P?
You're pretty funny.
WMIH will break $3 very soon.
Many new funds suddenly appeared today trying to jump onboard the bandwagon. When you see all these new players coming in, and the volume up over 100%, then something is causing them to want in. Volume precedes price. They know where this is headed. I say this breaks $3 very soon now. Of course we need to ultimately get through $3.74 for the real run, but that will happen when major news on M&A hits, not until then. But $3 is doable and will happen soon IMO.
WMIH showing strength due to escrows.
Now that it is obviously developing in favor of escrows being paid, investors believe that much of that escrow money will be reinvested into WMIH. Simple.
I think once the LTIs are issued, money will start to flow into those accounts quickly, and will continue to flow over time as assets are confirmed and liquidated.
The light at the end of the tunnel is shining brighter than ever.
"Valuation of assets requires management to make difficult estimates and judgments. Management used the services of an independent valuation firm (secret firm from Australia) to make its estimates for select assets."
Things are going to get really interesting soon.
"the actual cash to be received by the Trust from liquidation of assets and liabilities will likely be different than reported."
That statement is huge, since prior statements issued basically referenced zero money coming back. Very exciting for escrow holders.
The escrows will get paid. $10-100B coming back.
Serious DD has been done by many very skilled and experienced people indicating in all likelihood that $100B is coming back.....surely at least $10B is coming. I think most will be happy with par here, but it could be much more. I think this is why WMI is holding off on pulling the trigger to do a deal. Why bother? They must feel quite certain in LT's prospects. In the FDICs haste to grab WAMU they missed many valuable assets, fools that they are.
Patience kiddies, patience. (If you think escrows are worthless please sign them over to me and when they hit all will go to charity.)
Today's trading is a strong indicator.
Normally, a much anticipated meeting like this was(and releasing no new info), would have caused most stocks to plunge the next day. We have held up exceedingly well, which is a great sign that those in the know realize we are heading for something big. I frankly was worried, but am quite pleased at the way this has held up. Flippers hoping for news yesterday who have sold today found ready buyers to snap up their shares. Very nice indeed. Hold on folks. Soon our situation will be far different.
Yes, the 3.5B shares is a done deal.
I'm just surprised it was not discussed since it is so significant to the plan going forward. That is a huge number of shares and I'm sure they already have a plan in place to utilize them. We shall know something very soon, maybe by the May 15th reincorporation.
Many things will start to happen now through early July.
Very odd today: No talk of 3.5B shares!
Very shocked about that because to me that was maybe THE most important development and yet not a peep about it. Why? Because it IS that huge. I expect something to be announced soon concerning these shares and they sandbagged it today. I assert something very big will happen soon.
VERY upbeat meeting. Good news in the offing.
Sounded like they need to complete reinc to Delaware, then a flurry of activity by May 15. Nice. Great news on FDIC release opens door for asset purchases. May and June will be huge for those smart enough to wait a bit more.
All in all a great meeting with the desired results by BOD, all is now in place. Congrats to patient longs. Off to the bar for a cocktail or two! Time to celebrate.
No price movement/announcements until.....the board has gotten its grants so they get the max shares. This is standard procedure for all boards prior to a sh meeting. Expect things to happen quickly though once the meeting is done and options and incorporation have been finalized.
Light volume, no leaks.
This deal is the most tightly held secret that I've seen in the market. The boys are being very careful about IT issues. My guess is that all will be approved tomorrow. Then in the coming days, announcements will start to happen, they can't say much tomorrow but expect a flurry soon. The deal is done and as soon as the official reincorporation has been filed the deal will be announced, but not until then. Big things in the offing. Very big.
The new shares could be used for LTIs.
These shares could be granted to escrow holders and held in a special account (LTIs). Then WMI will procure the assets of the LT and issue dividends to the LTIs as assets are liquidated. Many things will be made clear starting on Tues and beyond.
As AZ has said, the LT could very well be the WMI target. Makes sense.
3.5B shares is a tremendous indicator.
I don't think many here have begun to comprehend just how massive that is for a little shell company. This is huge folks. The deal will be enormous, whatever the deal is.....whether we acquire or end up taking WMILT as AZ thinks, this will be blockbuster. I don't think that many shares would be requested if it were a small acquisition, so the LTIs are the most likely use for them. We will know soon. If not the 28th, surely very very soon.
I am shocked to hear the negatives at this time when we are on the verge of something so huge. Maybe people are worn out, burned out.
So to that I say>>>>>>>have I told you how much I........
Well said summary AZ.
I still can't believe those that do not see the logical plan that's been laid out before us. >>It's so obvious.<< Not sure how much will be revealed at the meeting other than the confirmations we know will happen, but surely in the May June time frame it will hit the fan. Best of luck to you AZ.....appreciate your efforts and generosity in sharing with the rest of us.
I agree with bop on this:
Cash assets would be distributed directly/immediately to escrow accounts, while LTIs will be the vehicle for payments (dividends) for illiquid assets as they are sold (at a discount)....which could take years to complete.Nice steady stream of revenue for escrows. Makes sense. 12 x par would be great and worth the wait over time.
LG, $100B is the most likely number coming back per many "in the know".
Experts on this saga all seem to agree on the $100B returning to the estate.
While this could take time to sell illiquid assets in particular my guess is we will start to see money flowing into escrow accts in the very near term. My gut says $10B initially (par) but it could be much more. As AZ and others conjecture, if WMILT is the target things will get very interesting very quickly. Best of luck to those who have hung in there on this mess. For those who did not release I feel sorry for you, but you made your bed.
May will be a-may-zing. Relax!
You people are going to have a friggin heart attack if you don't calm down. We will see a great sh meeting, then going into may and beyond into July you will be happy, so relax. All is in order. Escrows will start to get paid, and soon. WMIH will be soaring, very soon. Not hype. Fact. If you've followed this fiasco you know we are ready for big things to happen. Others should sell and put this in their past. You're annoying the rest of us to no end!
WMIH up 429% since release grants.
For the whiners who say this stock hasn't done anything....and lots more to go. Over 70% a year so far, not bad.
AZ is right. This is so simple, and planned. And definite.
Planned long ago and far away. pity the fools that did not release. if you released and got escrows you are in the game. and by july you will be much [color=red][/color]better off than you are now.
The thing that just tipped it off, the denial of the FOIA request for info on R. That said it all!
LG, while WMIH is ready to soar, LTIs will be the real story and where the big money will be. I expect $10-100B coming back after much DD. The fact that a recent FOIA request for R info on WMI was denied....well, that is very telling. They could not divulge the R assets because something is there and it is under a seal. Why? Because it is a huge amount and there will be an announcement forthcoming. If there were nothing there, then of course they would have said so, and granted the request. This is huge.
I am starting to think, as AZ and others have said, that the WMI acquisition will be WMILT and those assets. WMI will service that with the help of KKR, CITI, and Blackstone. This deal was known for a couple years, and it is ready to be announced, finally. After 6+ years of anguish the light at the end of the tunnel is shining, blindingly.
LTIs cannot be issued until after 4/28.
They will be tied into the share increase of course. I expect May to be raucous. Rockie and nurse need to timmer down. Just glad I'm not married to either of you.
Big two weeks coming up.
If there is a pre meeting leak this thing flies. Even without a leak expect good movement leading up to 28th.
After the meeting it will be tough to get in.
I think May is the big month.
The boyz don't want to wait too long, as the deal is done and after the sh meeting all will be a simple formality.
The "deal" is already done. And it will be the talk of the market once announced.
Frankly I'm shocked the SP of WMIH hasn't moved, but I'm sure those in the know are being very careful, and rightly so.
I understand everyone's frustration.
But really, despite all our hollow predictions in recent months, we are about to finally get very big news IMO. Relax peeps. You've hung in there for almost 7 yrs but our time is coming soon.
The glass is 95% full.
Nothing can be announced until after sh meeting.
Don't expect it.
Once all's approved there will be a boatload of things announced.
$30B for par is nonsense.
Where do people come up with these numbers??? $10B to make Ps whole. Period.
Escrow payouts will fuel WMI sp growth.
Most escrow holders will reinvest massive amounts of their newfound money back into WMI which will cause the stock to soar. Why? We see it as a great investment going forward, plus we will feel a strong allegiance to "our" new company.
When the escrows are paid expect a meteoric rise in WMIH sp. I do however think that the payout will be in stages, with the initial amount large. As other assets are liquidated the money will continue to flow into escrow accounts. This process could take years to complete due to the complexity of the many illiquid assets that will come back over time.
LG, the plan is already in place.
They cannot and will not announce anything until after the SH meeting confirms the new shares. Then kaboom. All is already in place and the first deal is done, and will be blockbuster IMO. This could very well be tied into the escrows being paid, so expect the unexpected. We are not dealing with dummies here.
This statement is most telling by Dimon:
"The WaMu deal might still make sense but at a much lower price to make up for the ongoing legal uncertainty (including the government's ability to take away our bargained-for indemnities)."
Can you say, receivership?
WMI paying off debt, ready to run.
~Here we go folks. Big couple weeks coming up now.
Taking a trip to the SH meeting....don't want to miss this one.