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Thanks foe your excellent DD.
IMHO, missing puzzles start to point out JPM who might be the one holding the magic wands. I hate JPig, but JPig might have a huge plan for mortgage business, including retails and on line both.
CEO of NSM told the share holders the big benefit follows after the merge/acquisition. If the SH assets don't coming back ( I agreed with you 100% eclipse is NSM), why does NSM need us. Since JPig is still servicing SH, let WMIH as a sub of JPig to handle all mortgage business inside out.
Also, DR. A never said $86/share. He only pointed out the value of assets in billions from WMI.
I remember that DR. A calculated the additional revenue of JPM to determine the possible assets obtained from WMI. May not be all correct but someone may correct me.
Thanks
If the money is from DTC directly, then DTC needs those cusip numbers to make distribution in accordance with 75/25 rules. DTC does not have the records of 75/25 split.
If the money is from LTs, then no need.
Also, it is very easy to calculate the distribution by DTC because DTC will figure out every dollar how to split from $1.00 to $100B.
I bet you he could NOT. He is only right with the debts (i.e. Bonds) but not the equities. Preferreds as commons are equites.
Regardless, your $5 is still the best estimation.
Hope it will happen sometimes in April, but not on April 1st.
Great post, thanks
IMHO! Chapman is ready to request JPM to return the collateral
To LT after this issue is done. One stone kills two birds. Ct holders get paid fully, and JPM is off her responsibilities as trustee.
Yup, you're right.
Could it go to Lehman2, I mean all in cash.
Thanks for your DD.
I just want to clear the following points from you. TIA
1) Are we exclusively in the line next after $2.38B paid?
2) Do we get the interests for the past 10 years?
3) Do we get cash or reinstated CTs?
Of course, all above would be happened if Judge denies all on going claims by creditors, meaning additional claims up to $11B
I did not see any transaction while I made the post. I thought this stock was halt. It seems that it's OK know.
Are commons cancelled?
Yep, hope so.
Great, thanks
Exactly, that's the reason I use it to demonstrate my point. But, someone does not believe it.
You could ask LINDA1 she is the experts in BK cases.
That means large donut has the final power. MW may consider other judge's points at the final stage.
As I always point out, you have to understand her characters, and her decisions for other BK cases.
No, I have 6000 Dimeq shares NOT shown. Come on, MW's court is the large donuts, other courts are always the small donuts inside the large one. Otherwise, why we need a BK courts. Very simple to understand.
Dual tracking doesn't NOT mean anything because judge MW does not approve it. She has the final says as she treated those unreleased Dimeq holders.
If those unreleased Dimeq holders was denied by judge MW for further compensation by either JPM nor LTI that they won the case from another courts after POR7.
I doubt very much you got additional WMIH's shares if you did not released.
If you released, that's fine. Otherwise, you got nothing.
Maybe HotMeat could answer you better.
WMIIC held all SH equities interests.
But, the owners (pre-BK commoms) are gone. Moreover, WMIIC and WMI were file different BK but under the joint BK precedures. So, Judge MW made the decisions for both.
In POR7, all WMI shares were cancelled. The new equities are combined with old preferreds and common in 75/25 splits.
WMI had the equities interests in all the SH primarily by pre-BK common holders. However, the new holders are markers.
The answer is yes.
You're right, there is no doubt.
Those unreleased holders of Dimeq won the case with another court after POR7. But judge MW turned down it because she had the final says. Every thing is based on POR7, which supersedes all previous rules and regulations.
Could it be the troubled assets in default? I remember that WMIH hired some risk managerial experts to dissolve this problems.
What do you mean? Is the deal covering new shares and cash together about $4.00. Thanks
I do not understand either. According to the deal, RAD holders will get 28% of the new company, which is worth 24B. Unless the deal does not include the debts in RAD. Otherwise, we should see pps around $4.00
Thanks, I probably mixed theses two together.
Moreover, it seems that's equal swap. But, actually that's the scandal arrangement by those dirty HF, and JPM.
While senior were paid fully before POR, HFs could reap off all WMI retains by using unpaid CTs as an excuse. Unfortunately, their sticks were being caugh.
I am not sure it's right, just FYI
Remember in the early days, judge said if JPM returned $4B would cause her bankrupt. Later, ???, nor sure ... JPM used $4B to pay off senior notes.
Propaganda language, LOL
True trio propaganda machines please answer it, or get disappeared.
HaHa, now is very clear those who point you as propaganda
machine are the true machines.
You should also ask him about Dimeq, where is it fit into his theory?