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SHOW ME THE MONEY!!!!
ty devil
Nice eighty that was awesome. They are probably thinking lets get these suckers to buy some more so we can cash out I ain't falling for that one.
Hey anyone here know if there is a possibilty for LEHMQ to get anything. My broker change name to escrow shares a while back but dont know if there is a possible distribution for common stock. Does anyone know?
Good idea, Im on it...Thanks
What do you guys think should I get 10,000 or 20,000 shares? I dont want to be too greedy just want to pay off the house..
Diamond careful,you gonna blow a gasket...
WAIT A MINUTE. If what you say is true then it does not make sense for hedgies to wait until next year. Looks like the best deal is to cash the OL. Damn that means that can happen any day now. I need to buy more shares!!! Why didn't you say this before?
GO4 How much money is in the ordinary loss? Are you buying more shares before the 15? Is the problem after convertion to NOL only on restrictions or is there money loss due to conversion?
UZ and LG I still don't share your optimism but you guys speak well and I respect that.. For me is hard to believe anything anymore. There are too many things in this case that should not have been but they have happened and defy law and common sense. In my opinion this case will be like any other everyone will get payed except the common folk. I guess Im not surprise but what really pisses me off is that our representation the people who are supposed to protect our interests can work against us and still laugh and get away with it.
So you don't think Kosturos has any influence on what the LTI brings or doesnt bring to shareholders? Then who is it that is in charge of the LTI and how do you know they are not on JPM's payroll...
Fair enough, do you think Kosturos or WGM are gonna sue Goldman Sachs. We stand a better chance with the BOD. Remember these guys have always fought to keep us out of the money. Why would they have a sudden change of heart, they have been and always shall be JPM puppets.
What are you talking about? All buildings and properties including wamu branches, land etc has a new owner JPM along with 95% of the assets wamu once had. There is almost nothing left in the state to be distributed. Get it thru your thick head. The little there is, not worth fighting for. Only a few claims by third parties that will not go anywhere. Do you think the BOD will sue Goldman Sachs to get billions of dollars to get the famous 2x value plus. Your dreaming.......
No I didn't forget, that's the point. I don't think the BOD is gonna capitalize on those claims so they are as good as $0 Remember BOD so far has only been good to dilute us out. And they don't seem to be in any hurry to do anything worthwhile for WMIH. Some people claim BOD did great hiring Blackstone but I havent seen anything that Blackstone has done to increase the pps. May be someone else knows something i dont know....
Pick is right we are just fantasizing. Escrow shares was just a formality to make people believe they were gonna get something out of nothing. Now that the fog has finally cleared most people realized there is no money left in the state just a few claims that are not worth even fighting. The only hope lies with WMIH but it will take between 3 to 5 years to get to $2. We just come here to post because we have nothing better to do. If you are in need of serious investing or something that will actually make you a profit go somewhere else.
That would be $175,000 for me and $2 million for voodoo. Are we getting this before or after christmas, I got a lot of shopping to do....
Nah!! preferreds will get $1000/share. If we gonna dream lets dream big time....
New Investment strategy, Waiting for Miracles... I love it!!! Great advice, that's a good one.
Here is my philosophy. I'm stuck with these worthless shares and will not sell at a lost. By the way my negative thinking is called reality and gravity of the situation...
Voodoo that does not make sense to me. Why would they care about the average investor to sell, most people would not or could not afford to buy more than $10k of this stock that is 5000 shares. That's peanuts compare to the rest of the pie. The bulk of the shares are already spoken for. Besides I don't see people having problems buying wmih shares. Please explain your philosophy....
If thats enough proof to make you go sleep well at night then more power to you. It's certainly not good enough for me. To this day I haven't seen anything worthwhile BOD has done for us...
That all sounds very beautiful,where did you get that text definition, Wikipedia? Sounds just like all the bankruptcy laws Walrath,Rosen etc should have followed but didn't. Too bad the text definition is just that and does not reflect what happens in real life. Just some of us are dreaming on top of the clouds....
Diamond do you really think the BOD gives a HooHOO about the shareholders. How do you know their salaries are not being paid by an outside source? Tell me just one good thing the BOD has done for us since they seated on those chairs.....
If the NOL's are so valuable why are we on penny land? I don't have to explain anything, it is there on black and white. Are you blind the pps is between 47 and 50 cents that's the only truth I see. We started at $1. Logic and common sense should tell you the pps is more likely to go down than to go up, especially when the estate is incurring expenses. You don't even know if they will be able to capitalize on the NOL's or get more than 10% value?
Makes sense? Boy that's a new one. Please explain... Nothing has make sense in this case. Enlighten me
Of course there is a gain, DAH!! they are diluting the estate. In time the pps will be at 20 cents or less
What exactly are you expecting? Same thing you have been expecting for the last three years? What makes you think you are gonna get it now? Have you find any magic unicorns lately? Trust me January first will be like any other day you are just setting yourself for more dissapointment but be my guess, knock yourself out....
What is funny is that less invasive penetrating comments have been made and get deleted but that comment has not. GO FIGURE
Nevermind Kosturos is with WGM thas just great, bye bye LTI
Anyone knows who represents the WMI trust? I hope is Kosturos trying to get rid of WGM and Rosen. If that is the case this is very good news...
Im not surprised to see this document same all bullshit as bankruptcy court proceeding without a list of assets, or JPM showing Sheila's blacked out documents or hedgies insider trading. Just another example how the court system (Wal rat) can get away with crimes. They make the law as they go to save people on high places who have the money and power to do what they want. Money can buy anything DON'T BE SURPRISE IF THEY FIND A WAY TO CHEAT US OUT THE NOL'S OR WHATEVER IS LEFT ON THE ESTATE...
I hope all you guys are right cause i have a feeling come January 1 2013 nothing will happen and we still be in the dark. Ohh and BOD will still be milking the estate.
I found this board my mistake 3 years ago. Is the first and only board I have used. Probably the last one after the wamu saga is over. I wont complaint though thanks to this board I was able to get escrow shares and WMIH shares even if they are not worth much. But my tolerance for penny stocks is not what it used to be so all this might be in the past for me real soon..
Yes, you are right. Don (fasshon) got me excited a while back and I decided to average down. We will see if I made the right choice.. What can I say I was caught in a moment of weakness. But I can always sell those shares since I bought at 49 cents
106,000 common escrow shares/ 175 preferred escrow shares/ 10,000 WMIH shares. Not much but I'm trapped I wont sell at a loss. I'm here till the end. I lost most of my investment anyways so I got nothing else to lose. My money went to the Suckman and Rosen fund. Word of advice just take it as a learning experience.
And the winner is Diamond the money Guru. NOT!!!!
Diamond you dont know how much I wish your numbers were true but the likelyhood of that happening are zero to none. I understand you are trying to give people hope but is doing them more harm than good. Some here really believe they are gonna get substantial amount of money. When they realized their sweet dream have gone puff. They will need whatever money they have left for psychiatric treatment and they will owe it all to you.
If we are lucky,we will get a few pennies per share assuming a distribution of 200M. Depending on how many shares you have, lets say you have 100,000 shares you would get around $2000. That would mean you probably lost 3/4 of your investment unless they miraculously keep funding the LTI or you get something for WMIH in the very distant future. yeah Congratulations we got screwed....
Feeling hopeful again for no reason?
Sometimes you may be right but not on this one. You are assuming other people's favors are gonna fund your account. Assumption is the mother of all fuk ups...