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There is no way this keeps going down next week. If it does I will be worried and have an itchy finger.....
They can sign a deal anytime now or not before the 31st. What Im wondering is can they merge with a 1B or 2B dollar company after the restrictions have been lifted in March? KKR is a 90B company and they are hungry for money. I am pretty sure they already have a plan established it just hasn't been executed yet. Hold on to your seat, the rocket is about to take off.....
2 year expires on March ... if Im not mistaken
Forget about escrow it will take a miracle and 2 years of litigation to maybe get a few cents on our accounts. You also need to get rid of Suckman if you want to get anywhere.....
Joe are you saying is still not obvious to you or anyone else that CT's are not valuable. Just can't believe I heard that from you.....
Let me order one of those and give to Joe as a christmas present :-O
http://www.ebay.com/itm/Lehman-Brothers-Emergency-Evacuation-Kit-RARE-/261370894858?pt=LH_DefaultDomain_0&hash=item3cdaeb5a0a
CALM DOWN, I WAS BEING SARCASTIC....
COTTON'S INVESTIGATING TECHNIQUES HAVE NEVER BEEN THAT GOOD ANYWAYS....
JOE I THINK YOU ARE RIGHT ON THIS ONE, BOGUS INFORMATION.....
Joe get your shares before is too late, dont come crying later on "I should of bought more" You have had plenty of time..... Im sure by now you have understood noone is selling their shares but by all means keep playing that game and keep me entertained till PAYOFF.....
Actually this is a healthy pullback down 20 cents we were 10 cents down for a breather last time it went up. Probably will trend sidewides this week and rise again next week if no negative news... imo
NO, they dont have a cap now...
Remember things look very grim and nasty for lehman, according to Joe Stocks
So what you are saying is that after they benefit from commons and their NOL's they will just simply give them the shaft to hold on to if any. That's harsh and kind of cruel dont you think? but I guess greediness always is. Well as you say I can always write off the $4000 I invested on this, not a big deal considering I have done very well on my other plays. Im willing to take the risk but thank you for sharing your concern....
Thanks it was definately worth the wait I have never made so much easy money Im holding till they capitalize a good portion of the tax attributes Now Im waiting for my lehman commons and ct's cant get any better than this...
Joe I have another question. If commons were saved to preserve tax attributes its logical they get something for it in the event of a reorganization. Now what makes you think CT's won't see a dime in that scenario. How can they pay everyone but CT's?
Joe I'm intrigue why noone is selling this worhless stock!!.....
Yanik I thought you were gonna wait until it dropped further before buying again? I think you are right you should wait a little longer and find a good entry point it will go down eventually.....
Thanks!!!
So what you guys are saying is once this hit target price of $6.70 we should sell? You guys are crazy. It will go higher......
HaHa GOOD TIMES!!
Damn if I continue making this huge profits Uncle Sam is gonna rape me on 2015
man I feel bad for you. Still waiting for an entry position or giving up and buying at higher prices?
GOOD TIMES!!!!
what the heck is going on ? Im missing the action!!!........
Rockie common noone has the answer to that the truth is we wont know until it happens. If you are looking for an opinion most people here would say there is a 50% chance for that to happen when who knows it may never happen at this rate. The hypothesis is that Suckman has an Ace under his sleeve and just waiting for employee claims to settle next year sometime around March may be later. To tell you the truth I have waited for so long and heard so many stories but sounds to me there is only a very slim chance of recovery for our escrow account. Why I say that, well if true that Suckman had a smoking gun that day in court behind close doors why wouldn't he asked for incentive right away?, instead waiting 2 years so far for nothing what kind of negotiation is that? I think that was bologni RosenRat got the best of him either that or he was bought out.... I have no other reasonable explanation I mean most of the discoveries that gave us a fighting chance were done by other people this firm was spoonfed. They haven't done @#$%% for our cause including WillieRat but he sold us out long ago that much I know for sure.....
thanks. I still dont get it though how they can do that and why. I mean wouldnt that dilute the ppol if there are too many and even if it is $1 they should just added to our pool...
I don't understand exactly what is being auctioned and why? Can someone explain?
Actually I always been kind of negative about this stock or lets say contrarian to popular believe and always been harrassed for it. I like you don't see what other people's optimism about this stock is all about. GO FIGURE....
There is no conflict or misunderstanding as you so eloquently put it. Rosen with the help of Walrat are delaying the money waterfall and allowing RosenRat to keep billing everywhich way he wants. Therefore it is doubtfull we see any money on our escrow accounts. The BOD is doing what they do best private conferences with lots of food, drinks and strippers. So either you take the RED pill or the BLUE one its all the same, the rabbit hole is endless and is taking us nowhere. I wont even mention Suckman because he is not even worth mentioning....
So WMILT or WMIH who cares the outcome is the same we have been suckered...
Joe that cannot be true. Before I got convinced by the fellows here to get into this sucker I said equity had a better chance at getting a good recovery than CT's most people here laugh and said I was dreaming so you most be wrong.......
In essence they are right if WMIH is not making money well they most be spending it(common sense). A good chunk of that money is probably for Rosen he must be happy as a cow....... ASk him if he minds if court dates get extended further
I guess its fair for everyone to get paid and still after waiting for years we have not receive a single cent. Your definition of fair is far different from mine......
To Catz and Bkshadow. I guess everyone is entitled to their own opinion and we can sit here debate it for the next 5 years or until someone decides to take some action and move this forward. What I can tell you in my simple humble words is that the BOD has not move one single finger to do anything forthcoming for WMIH. Fact or fiction I will let you decide but I ask you tell me any good thing outcome the BOD or legal representation has done for us?
Catz, it depends on how you look at it. For example you have a good view of the BOD because you believe, them taking shares instead of money is a benefit for the shareholders. On the other hand I dont have the BOD in such a high pedestal for too many reasons. First by allowing all this non-action from our representation (Suckman and company) what they are doing is diluting the very few shares we have received. In fact this was all planned way before the bankruptcy even started. Willierat sold our interests to the highest bidder and they assured him he was not going to lose in this deal. They have absolutely no respect for the shareholder they have kept us in the dark since day one but Im pretty sure the Hedgies know whats going on behind the curtains. They should have protected the value of this stock (if any) by making this company private and not let it trade. You see they dont care about anything because they know in the long run they are gonna cash in and then some more.... They can wait all they want but all we can do is hope to be there at the right time before the ride starts. I will tell you we are gonna make a lot less than what we should have received when that happens..
So I guess they are doing us a favor,right?
That's why I haven't flipped scared I miss the ride but at this point I believe I was right all along this stock is garbage. The people who are really making the money are the ones with inside info they know what's going on and playing games with shareholders. I guess there is noone around to enforce justice for the small guy. I knew letting this guy trade was a screw up for us. This stock should have never been allowed to become public....
Watch and see when I finally decide to flip this #@$@%# that's the day it will keep going up. Gonna be very sad to see this falling below 50 cents but I guess another "getting free share" opportunity for our BOD, and a chance for more flippers and daytraders to keep demoralizing this stock. Well as Rosen would say, we the shareholders deserve it there was no money to begin with just money to pay my court fees and delays
wow,we not in the RED today.Amazing!!
Hey Wayne thank you for your comments I have been watching those stocks closely.thanks again....sorry for late response