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Damn,I'm down $60 have to average down now.....
THANKS BUT NO I dont like to set myself for dissapointment....
Bought at 0.24 hoping some good news come during the long weekend. Wish I could of bought at 0.20 Oh well !!
THIS ONE GOING TO THE CRAPPERS!! I'll buy below 10 cents....
My suggestion is forget about escrows that is a dead animal and there is nothing left of the rotten corpse. You might get lucky in another 3 years when Rosen gets tired of milking the estate then you might receive 25 cents for common escrow and $150 for prefereds. In the meantime if you were not smart enough or did not have the cash to buy WMIH shares at a discount just ride the shares you got. You will make some money I expect WMIH to hit $20 at some point in time. Now go to bed sleep it off......
Large Green I have no idea were you are getting all these imaginary billions of dollars that will suddenly appear on our escrow accounts. You remind me of Monica Law and all the empty theories of quaterly payments we were going to receive. To my surprise she had a lot of followers I guess there will always be naive people in every corner of the world. Dont get me wrong if these dreams helps all of you sleep better at night more power to you.......
What people still fail to realize "reality" is that our arses got sold downriver long ago and if you didn't buy in the 50 to 70 range you got screwed period and have to settle for the scrap converted shares you got......
That's what I said a long time ago that commons had a better chance at a recovery than CT's but little devil and others said I was crazy. Well in case CT's go down the drain my commons will compensate....
You are welcome and enjoy, the PARTY hasn't even started yet Good things ahead.
On a separate note i think lehman will also pay off as well is just a matter of time. Hopefully I will be able to use WMIH money to buy into lehman new enterprise
vote it post of the day!! thank you
Joe that's just a matter of opinion to me nothing is written in stone. I'll give you an example I was heavily invested in Texaco with a few friends of mine. They decided to sell at the last minute, well them and everybody else. They were laughing at my worthless shares when they declare bankruptcy. 3 months later a group of private investors bought out the worthless shell and send me a nice check 5 months later. Guess who got the last laugh....
I understand, good luck on your next play.
PS Unfortunately not all people are legit on this forums have to watch out for the pumpers and bad blood. I truly believe a new company will emerge from Lehman but I could be wrong
I know liabilities are far greater than the assets. I know the POR seems not to work to our advantage but I feel you are being influenced by Joe stocks who does everything by the book and although he may be right, sometimes you need to learn how to read between the lines.....
Guster why would you sell when we are so close to next distribution and have waited for so long? That makes absolutely no sense. At least wait to see what happens on next distribution or you might regret selling too soon. A lot of people felt that way with WAMU but I refuse to sell, in fact I bought more and now I feel like Im on top of the world. Im not saying same thing will happen to lehman but patience paid off. I for one dont mind gambling $5000 the upside could be huge. Think about it why did they went thru so much trouble to save commons to use the NOL's. If you believe there is a plan to cash all that NOL and commons get a recovery why would everyone get a percentage recovery except for CT's?
exactly grasshoper, EXACTLY!!!
That's not my thought at all, I was being sarcastic. Seeing all that mambo jambo lawyer jargon never ment anything in this case. Higher powers were at work laughing at all that court paperwork. Like I said many times before and it is just my opinion. There is no magic unicorn or pot of gold at the end of the rainbow. In fact I would be very surprised to see more than 25 cents for escrows and $200 for preferreds in a best case scenario. We all know the estate has no money. The time for conspiracy hidden money or secret backdoor deals are over. You have to realize the thieves are long gone, they got away with murder END OF STORY. Would I wish to be wrong heck yeah but I know better. This should have never been allowed to happen but the government turned their eyes the other way for benefit of a few selected people. Be glad you got WMIH thanks to the hard effort of a few bright individuals that fought for our cause, not Suckman of course. Hopefully most people bought under 60 cents. However Im kind of worry the hedgies will want to cash out before me and I lose a good chunk of my winnings, hopefully my timing will be good but I doubt it because Im greedy and lost money before because of that.
you say tomato he says tamato
Hey Voodoo, the $4B you are talking about is it the one described on this document in section 12.1 claim#(8) ?
http://www.fdic.gov/about/freedom/Washington_Mutual_P_and_A.pdf
PS Book value very descriptive
Well the POR does not say Lehman will not or cannot go into reorganization so it still can happen. IMO it will, whoever thinks Lehman will not use the NOL's is a fool whether or not the CT's are involved in that is another story but I garantee Lehman will emerge as a new entity just as WAMU did and will be able to use it's NOL's. I'm confident CT's will get something but not what people here expect.
KNITTING?!!!
Joe the question is could you have understood the potential of WMIH 5 years ago when there was no hope? Yeah you would have probably be as negative back then as you are with lehman CT's now but then 5 years later KABOOOMMMM!! the train left the station and now you probably wishing to have bought WMIH a year ago. Well guess what same thing can happened to Lehman CT's. Heck I thought my commons were going to the trash and look they are still alive My point is Noone knows the future not even you....
Bluefoxx the train analogy sounds very nice. I'm pretty sure you and a lot of other people like to believe your theory as true, but in reality you are wrong.It will be a supersonic plane, Ohh and think first class treatment... the ride will be much smoother than you think
WOW WHAT A ZOO!!
YEAH, BUT WHY WOULD THE BANKS BE SECRETELY HOLDING MILLIONS OF WORTHLESS CT'S? SOMETHING DOESN'T MAKE SENSE HERE...... aHH i GOT IT MAY BE THEY FORGOT TO WRITE THEM OFF
Hey COTTONS where is that money gonna come from? Isn't the estate bankrupt?
Wayne you are my HERO.
Wayne you are my HERO.
Joe someone needs to nominated you for Sainthood. I mean you spend an awful amount of your time to care for other people losing their money. You must be a extremely caring person.....
Hey Joeyboy lets do some fishing this weekend. Lets kiss and make up. HAHA NOT!!
This is just a buying opportunity. You can easily double your money within two months if you buy now, that's all....
Like I said Congrats!! to my WAMU family.Now sit back, relax, put your feet up and enjoy the show.
I said it before this will go as long as they can get away with it. As Large posted Weil Gotshal and Mangles charged the estate $3B last quarter. Do you think they are gonna give that away? No they will extend as much as they want. WillieRat, WalRat are content wit that. They are all in the same bed what do you expect...
Large I can almost hear Suckman telling them as long as we see some money you guys can pay us whenever you feel like it. Boy what a deal!!
Congrats!! DEAL IS OFFICIAL, will be announced friday after close.
Good point Pick if there is something we can rely on from the BOD is gifting themselves free shares and party on at our expense. When will they have any kind of courtesy or decency towards their common shareholder, well NEVER!!..... but that was already expected nothing new
They may or may not have the right to have billions in assets from WAMU but they sure have possession of it and are making a lot of money from it and who is stopping them?, the corrupt judge, the sold out mediator, WillieRat, Suckman. They love their bonuses and noone is going to mess that up for them they wont allow it. Large Green says they have been caught, I say "SHOW ME". And Honestly between you and me do you think for one second FDIC is going to admit to any wrongdoing or mistakes here. Ohhh!!, By the way sorry we gave JPM too much here. How do you guys know that? Ohh we found the list of assets!! We are prepared to transfer all assets back to their rightfull ownwers except for 5 year dividends and all the money JPM have made from it. Thats it sorry that's all we can do. Do you really think it is as simple as that. Do you realize the GIGANTIC mess that will create? That will never happen that is why JPM is getting away with it. FDIC will never admit to any wrongdoing, do you think they are prepared to pay multibillion dollar lawsuit. Yeah I thought so....
You guys are so funny, there are many flaws in your multibillion dollar LTI theory. Again why would the people who fought so hard to keep out of the money would be so generous to save billions of dollars to give to us 3 or 4 years later, I'm sorry but that makes absolutely no sense.Even if there were hidden assets you think they spent all that time and trouble to hid it for us after all this time and avoid the temptation to keep it for themselves, please. By the way do you think the government went thru the trouble to hide and support JPM wrong doings to just uncovered it now for your benefit and amusement? This was all planned way before it even happened. Trust me, hope is bad it sets yourself for dissapointment. I never understood why people were so protective of Suckman he has never done anything worthwhile for the estate, In fact all he has done is gift WAMU assets to JPM, GO FIGURE....
LTI is worth a few pennys at best.People still dont understand the major assets are gone to the people that we cannot sue, thanks to Suckman and group. That was were the big recovery could have come from and JPM knew it, that's why they shove that deal down our throats. Basically our lawyers traded that billion dollar lawsuit for WMIH. The pitty numbers of shares we received plus the possible dilution we face in a non distant future should make a lot of people very unhappy. Except for the people like me who were lucky enough to buy between 47 and 60 cent range. People who bought in that range and hold long could make out like bandits. Even if we win some lawsuits sorry to say there will not be any Billion dollar settlements. If you use common sense you will deduct that on your own. Ohhh and if you think there is a secret deal on the background I doubt that it is highly unlikely. In my opinion we were lucky we got what we got probably due to other people outside the system who lost a lot of money in this circus players club....
My WMIH top 5 candidates as mergers Navigators Group, NMI Holdings, Maiden Holdings, Amerisafe Inc. and Employers Holdings. Anyone has the time to do some research and find out if there is a good possibility for any of these to be our first acquisition?