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Catz you make it sound like this filing is insignificant or non important. Tell me something why did they filed this now on February 14 2013? If ownership was prior to exiting bankruptcy why wait all this time to make publicly known that they own more than 5% of the stock?
Pick I agree but I don't think the average investor puts down millions of dollars in a BK stock. It has to be someone with inside knowledge or someone really dumb.
Actually they dont need BOD or anyone's approval if they buy from offshore accounts...
Schedule 13G is an alternative SEC filing for the 13D which must be filed by anyone who acquires ownership in a public company of more than 5% of the outstanding stock.
Looks like Tepper wants WMIH? Would explain heavy buying few months back
Hedgies are on the move
Dreaming game as always...
You mean the year before, for the last four years...
That was before Suckman and Willierat sold our arses down river...
Apparently Suckman smarts didn't help him to get you a better deal or your fantasy 2x value plus. But he still got paid for the shitty deal he got us...
Suckman is an idiot the little leverage he got was thanks to people outside his firm.
Haha try 0x value plus
Mr. Trade, If there is a payout, could you please tell me where the money is? They have had more than enough time to fund my account yet it stills shows $0 Heck, they didn't even have enough money to pay the H's only certain connected people got paid. Where do you think they are gonna pull the money neccessary to fund our escrow accounts? You are gonna leave it to Suckman to bring home the bacon just as he did before? Do you think Goldman or anyone else would come forward and say hey we made a mistake here is your money. No they are gonna do us in just like JPM did us, slow and dirty. Wake up and tell Mr. Roarke it was nice while it lasted but you cannot afford to leave your daytime job..
I just did, read post #383731
They don't need to settle anything. They got what they wanted and bleeding the estate slowly but surely. Plus they have Willie, Suckman and the rest of the BOD on their side. What could they possibly want, they have evrything and better yet we can't sue them . Dont mess with these people they will leave you in your pajamas....
We have a better chance to prove naked short selling scheme by Goldie since they have been caught in the past. May be the leverage needed to push JPM to come to the table, who knows!! What is bothersome is why they keep pushing back the court dates and Suckman is so calm about it?
But can it be proven in court?, probably NOT!!
Project West was a covert operation that was conceptualized, planned and then executed by JPMChase in order to systematically weaken and finally take over Washington Mutual Bank at a fire sale price. The plan was implemented and although it took a number of years, JPMChase was finally successful when Washington Mutual Bank and its subsidiary WMB FSB were ultimately seized on September 25, 2008 and then sold to JPMC overnight on September 26, 2008 for $1.88 Billion dollars.
PROJECT WEST TEAM LEADERS
Name Title
1 Althea L Duersten Managing Director - Chief Investment Office
2 Barry L Zubrow Chief Risk Officer - Credit Dept
3 Benjamin Lopata Managing director - Tax Dept
4 Brian A Bessey Corp -M&A Dept
5 Charlie Scharf EVP/CEO - CEO Chase Retail Financial Services
6 David B Lowman CEO - Home Lending Dept
7 Douglas Braunstein Head of Americas IBC and M&A
8 Fernando Rivas Managing Director IB-FIG
9 Frank J Bisignano Chief Administrative Officer
10 Gordon Smith CEO- Card Service Dept
11 Gregg B Gunselman Executive Director - IB-FIG
12 Jay Mandelbaum EVPI Strategy & Development Exec - Admin Dept
13 John F Bradley HR Director
14 John R Chrin Managing Director (IB-FIG)
15 Kevin Watters SVPlBusiness Banking Executive
16 Louis Rauchenberger MD & Corporate Controller - Accounting Dept
17 Martha Gallo General Auditor- Accounting Dept
18 Mike Cavanagh EVP/CFO
19 Neila Radin Legal Compliance
20 Raymond Fischer CFO-LOB
21 Sally E Durdan EVP/Corporate Finance Executive - Retail Admin Dept
22 Scott E Powell Branch Banking
23 Stephen M Cutler General Counsel
24 Thomas D. Novack Managing Director IB-FIG
ADDITIONAL RELEVANT PEOPLE
25 Adam Gilbert Managing Director
26 Brian Keegan Managing Director - CSAS
27 Dan Cooney SVP I General Counsel
28 Genevieve E Hovde Analyst IB-FIG
29 Jamie Dimon JPMCCEO
30 Joseph Evangelisti Corporate Communications and media Relations
31 Scott Albinson JPMCbanker
32 Sean Carmody Associate IB-FI G
33 Tim Main Head ofNA FIG
Re: Believe In Wmih!!!!!!!!!!
by phlintlok . Jan 29, 2013 10:07 AM . Permalink
Down 3 cents this am, but don't worry. A retail shareholder/manipulator will soon offer to buy 500 shares, at 83 cents a share; thus moving the pps back up to 83 cents. Wow, it only costs about $400 to move the pps of Wmih shares up by 4%. That oughtta tell you that this stock is a phoney penny stoce, a ponzi scheme.
Re: Not a bad long term gamble............
by ir1engineer . Feb 1, 2013 11:10 AM . Permalink
Ummmm you do realize that the "bank charter" was revoked, all assets sold, and there is no business plan.....don't you? Burn rate is increasing and the paltry sum of $60 million will not last very long. No business plan, no assets, and no hope does make it a BAD long term (or short term) gamble. $12,000 in trades today dropped the PPS by almost 5%.....does that seem like a good deal? Yea, intelligent investors don't think so either.
And it's no fun trying to catch a falling knife. More than one here including me got cut badly that day...
You finally got it, Im proud of you...
That's what I thought at the beginning and part of the reason they have BOD seats but why would they take such a long time to make a move? I'm not so sure anymore....
That doesn't surprised me one bit. Hedgies letting business partners take a piece of the pie more for them less for us. WMIH is worth something but not what people here are expecting. There will be much dissapointment.
It does not matter if Salomon valuated WAMU at 500B. That value is long gone JPM has it. FDIC gave it away and Suckman and Willierat could not or would not do anything about it. JPM got a sweet deal for 1.9B all the assets and non of the liabilities. Now that we inherit all the liabilities we have to wait until all creditors are payed in full just to see if there are any scraps left. That is the deal Suckman got us along with a company that so far has no future and does not have any reponsability to let common shareholders know whats going on. Also the slim chance to fight litigation against GS which seems will take longer than 4 years at this pace. Unbelievable just the time we have to wait just to get a new judge.
By the way Blackstone group seems to be taking their sweet time to find us an acquisition while they charge the state. I guess Willierat is not in a hurry to get this company off and running. I wonder why? I assure you it is not that he is holding out for Blackstone to get us the deal of a lifetime and his loyalty is definately not to their common shareholders but to upper management TPG (among others) who has already been accomodated by buying millions of shares at 40 cents...
I thought for ONE second you guys were up to something with that Dell acquisition by Siver Lake until I read this quote "while Silver Lake and Microsoft Corp would become minority investors". I really don't see how a minority Silver Lake investment will bring TPG and WMIH on the table so that Dell could have our NOL's. To me this is a very LOOOOooooooooooooooong shot. You guys are crazy....
You should of bought at 0.40 because that's the only money you would have been able to make in this whole fiasco. 2x value + got flushed down the toilet
I agree..
That's probably cause you bought more in the 0.40 range. Otherwise if you only had the original shares after conversion you would be pissed as hell. They will give us as little as they can get away with...
Im done buying unless it goes back to 0.40
Those 7 Million shares were bought by the Hedgies on December 5 2012 from offshore accounts. You see they will get their money one way or the other. WGM, Willierat, Suckman, BOD(JPM spies) will all get payed and suck the well dry before we see any money. This was all planned a decade ago and they knew what they were doing. If you didn't buy more shares and this goes to $3 you stand to just recover what you lost previously. However the Hedgies will stand to make huge profits on those offshore accounts. I knew there was a reason why they let this trade right away just to accomodate the big players. Willierat sold our arses down river long ago.
Yeah I dont want to wait till 2030 to try to stop them someone should step up now. Voodoo you got my vote.
f$#%@#g Willierat and Suckman draining the state, another $5.7M taken away for doing nothing. Someone should get rid of these guys ASAP and the rest of the board.
I told you why I'm here many times before. I'm stuck like everyone else and will not sell at a loss, just trying to average down and praying for a miracle.
Lets say this deal goes thru. I see that TPG has some joint ventures with Silver Lake (Avaya and Sabre Holdings). If TPG is in the deal with Silver Lake to buy Dell, explain to me how TPG will use WMIH NOL's in this deal? Anyone?
Vodka you are finally making some sense. Congratulations man!!! Im with you
I agree this is getting old. I want to move on, leave this cloud behind...
Cause he does not care about common folk he just cares about getting paid and keeping his buddies informed. Seems like they can get away with anything like photocopied 8K filing. Hiring accountants for no reason. What most here consider this BS Willierat considers normal.
You are going to need a hell of a lot more than that for her prediction to come true...
That's because you are assuming what Monica is saying will happen. A dream that will never materialize... Good Luck
I will tell you when things will start happening the day we have voting rights to get rid of the BOD (Willierat and JPM spies)that are sitting there holding this thing back. That day we will start making some money....