Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Once this breaks $3.00, off to the races.
When WMIH hits the $3 mark watch the big boys start to pile on. The pre SH meeting run has begun.
Enough of the pre and post nonsense already.
An escrow is an escrow. Geesh. How many times does this have to be explained????
csny predicted a $20-30 sp for WMIH.
>>People thought she was crazy. But now the way things could take place, it is certainly possible.
The assets of course are key, and we will know this soon.<<
An escrow is an escrow.[color=red][/color]
This nonsense about pre or post is ludicrous. If you own escrows you own escrows. Period. All escrows are "certain" if they are legitimate escrows held in one's account. Those who did not grant the releases cannot now claim they too have escrow rights. The only certain escrow holders are those who granted releases and now hold them in accounts. Got it???
And for those who think they can do a class action retrospectively are ridiculous and will get nothing. They had their opportunity to grant releases and did not. Oh well. Hopefully they have at least bought WMIH stock, and thus will still do very well.
Pre and post seizure cusips are the same. If you owned the stock pre seizure you are fine. If you bought post seizure you are also fine because you took a high risk buying a BK company and will be equally rewarded for your risky investment.
As long as you granted the releases and got escrows, all escrow owners will be treated equally.
If CPMK is target, WMI must announce soon or the price will run away. Word's out and they don't want to pay $30 a share. IF this is their target it must be announced very soon.
Anyone see Capmark CPMK today????
Something big! Ask now $55.00! Weird trading suddenly.
" 1.60 is coming soon". Hahahaha!
Go ahead, short it. I dare you.
Elizabeth Warren: raise cap gains to 50%.
Better hope we get our money before she gets in.
When escrows are paid it is taxable when withdrawn. As long as the $ is left in the account it is not taxed. The question will be, is it long term cap gains since the escrows were granted years ago with a value of zero, or will it be considered ordinary income at a much higher rate. Many schools of thought on how the IRS will interpret this.
I speculate we will see $30B coming back at this point.
It may come in stages. My guess is likely very conservative based on the great DD of some highly skilled and knowledgeable posters like azcowboy, but I'd rather be cautious and not be disappointed.
$30B would of course pay 3 x par, The LTIs are the first step in the process so there is now a vehicle for the payouts. We could see $30B this year, with the first payout in the coming month or so. Then more will likely come back as assets are confirmed/liquidated.
That's my best guess at this point, subject to change on the plus side as things develop some more. This SH meeting should prove to be an amazing event for those of us who have remained steadfast and positive.
Prefs will get at least 3 x par.
The wild speculations of ZERO are ludicrous and the highs are wonderful....I'd love to see $200-300B come back, but we are dealing with massive corruption.
$3000 per P will make most here happy and that's my guess.
The pershas were set up for flow of funds into our accounts. That will start to happen soon and continue over time until all assets are accounted for and liquidated. Could take a year, could take a couple years, but I expect we will start to see our escrow accounts grow nicely in the coming few months.
Wow Uncle Bo, that's about $20 each.
Lots more coming than that my friend.
We are still on track. No change.
Nothing is any different because of this PR other than they are trying to figure out the best way for distribution should assets come back as we, and they, expect. Remember, they are not very concerned about the small retailers....they are trying to take care of themselves and the big boys. We are just lucky enough to go along for the ride, and get all the same benefits. KKR did NOT get involved in this fiasco so they could just make a couple million. Big things are involved and they know it.
Relax. We are close. If you are weak and frail, sell and go lay down.
60% of prior SHs gave releases.
This is what was stated a while back, I believe. That means 40% either were not capable for some reason, were deceased or incapacitated, thought it wasn't worth the effort, etc. Baffling that 40% didn't release, but it also was a rather difficult, confusing endeavor. The 60% who did will be very happy that they did.
Posts like that are very easy to alter. People do it all the time.
Two other points. The FDIC per se may not have said funds, but it could be the funds are in "other places". Also, if something is currently in development about the assets, surely the FDIC would not divulge this, "yet".
Interesting theory AZ. Question is: what would their business be under this scenario? I still think this LT idea could happen, but in conjunction with an ongoing biz such as a Capmark, a vehicle to move the biz forward.
JPMs filing contradicts this "FDIC response".
Anyone seeing CPMK exploding today?
The volume has been a couple thousand a day and today it is going ballistic. Why? Hmmmm....
Smart money says: Nothing happening, yet.
No smart money coming in yet so there is nothing happening for a while. either that, or if there is it is the best kept secret ever.
Based on lack of volume and price it looks like nothing will happen until after the meeting. and we wait, and wait, and wait some more. But the wait will be worth it.
"If other matters properly come before the Annual Meeting, the persons named in the accompanying proxy will vote in accordance with their judgment with respect to such matters. The board of directors has selected the two persons named in the enclosed proxy card to serve as proxies in connection with the Annual Meeting."
Interesting wording.
How would an offshore entity benefit from U.S. NOLs? Doesn't make sense to me.
KKR news: nothing to do with WMIH.
How do you think this could relate? I don't but am all ears. I still think the CPMK deal is most likely, but really...who knows?! This could be quite a week.
I'd say no matter how much $ you have from escrows, spread it around to various institutions to protect yourself. It would be wise to get a top notch financial counselor. Wouldn't be a bad idea to have a safe for liquid assets should at some point there be a run on the banks or some sort of financial crisis where your money is frozen. A safe full of cash and gold isn't a bad idea.
And don't trust anyone, and don't let anyone know of your newfound fortune or people will come out of the woodwork after you.
No way can they convert escrows to stock. The escrow payout is not going to be a finite amount. As assets are liquidated they would likely flow into escrow accounts for years. This payout will be an evolving process, the gift that keeps on giving.
I just updated my accounts and put in place very complex passwords because the amounts coming could be huge.
I will also open other accounts immediately when it happens and will transfer funds around to other firms. What if Fidelity or another broker went under or was hacked for instance, and all your money was there???
Now is the time to plan and prepare. Let's hope it is an exercise that will be necessary to utilize down the road.
Maybe Dimon's calculations are on Hillary's server. They are good friends and somehow she deleted all the WAMU info. She deemed it all "personal".
LOL. Only kidding folks. We'll know more in the next week. GLTA.
Blueefox, that was bizarre. Really bizarre.
AZ nails it again. We are close, very close. We'll get an announcement at the close next Friday (if not sooner.) That will start the ball rolling, and rolling, and rolling.
385K share block CPMK just sold after no volume for days. What is going on there? Very strange trading.....
Escrows will be paid in stages as assets are confirmed and liquidated. There could be an initial payout, and then subsequent funds will be dispersed when confirmed. It could be done in random payouts or could be structured quarterly by the court as in a dividend payment. This payout could occur over many months or even years.
I have little doubt now that escrows will get paid. Walrath whispered "$10B" as a hypothetical but with the JPM filing and much more info coming to light now it is likely far more than 10....all IMO of course.
We are close to something. Very close. Maybe WMIH will take the lead, but there could be a flurry of activity soon.
I would expect WMIH to move up now as we get close to the 3/20 date. The big boys won't touch it for fear of IT scrutiny when the PR hits, but retailers will start to buy now in anticipation.
Escrow non-believers will not change their minds. Nothing can change their minds until they hear the actual announcement of payment. They have their opinions and are entitled to them. Certainly there is a great deal to be skeptical about! Almost 7 years of crap. It's understandable to be negative on all this.
I contend that escrows will be paid something. But as corrupt as our current administration is, FDIC included, I am not overly optimistic. They are as crooked as they come, and get away with it!
I do feel $10-30B is well within reach though. Yes, that would be life changing. I hope I am lowballing but would rather be conservative and get pleasantly surprised that I will be paying off all my family's and friends' mortgages for them.
Escrow funds will be dispersed as assets are sold. It will be the gift that keeps on giving, so to speak. There may be an initial sum, which could be substantial, and then over a period of months/years money will flow into escrow accounts, so no the markers will not disappear. This all of course assuming we win...
I'm 95% certain, but the 5% negative includes the corruption of our current government/FDIC, as well as the world situation.
If all goes by the book, the FDIC is compelled to return assets, both liquid and illiquid.
I say $38B will come back but could be much much more. I'm sure there is a lot going on behind the scenes about these assets as we speak. This could be an amazing year for escrow holders and WMIH investors.
I expect there will be significant recovery to escrows...but I will admit it is not 100%, just about 95%, which are pretty good odds to win the lottery.
What is 100% is that WMIH will soon go through the roof. We all know that deal is imminent. I'd be willing to bet it will be $10 or more EOY.
I have owned this stock for many years and followed its up and downs closely. I have never been more confident than I am today.
Looks like CPMK is the first target.........
Strange trading, board members going to WMI...something is up.
I may be wrong but this is looking more and more like the deal to me.
Bottom line on escrows: No one knows for sure either way! But.......I do believe in light of the JPM info and many other factors, including AZ's wonderful DD, that we have an excellent chance. I won't believe it till I see it though. We've been f'd over for so long that we feel like a fighter going up against Ronda Rousey! Well, I think we have a little more hope than that!
Next vehicle, a new loaded Rubicon....just for weekend kicks.
There will be no class action suits on behalf of shareholders. The lawyers are the only ones who make money on CAS. The "settlement" coming to escrows will put an end to their misery.
For those who did not grant releases, they had their opp and decided not to bother, so they lose and it wouldn't hold up in the courts.
I'm not saying $100B will come back to escrows, but even ten would pay Ps at par, and that looks almost a certainty. Not bad. If more happens, great. But I'd say $10B is a good bet. That will be life changing for most.
Big week coming. This could be THE week for WMIH. We should know by Wed. My money's on Capmark. Pretty obvious now, but I could be wrong.
One thing I am not wrong on...the escrows. JPM has done us a big favor and this could start up very soon as well. As long as ISIS doesn't end the world we are all in for some good times.
I can see WMIH being $20 or better quickly. If they make the right moves this thing will go ballistic. The $6B in NOLs assures success and investors will know that and want in. Where better to put your money. Let's see how things unfold but so far so good.