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There are public filings that shows some hedge fund braggarts no longer hold, and some NY friends of the family that bought in May of 2013 (shhhhhhh) have or are liquidating
So you're anticipating disappointment in WMI shares?
I wonder what to make of the early stock grants again this year? Nothing in this entire ordeal makes sense anyways.
Thanks I get that the NOLs are the ONLY asset we have. However, back to my point of why contact potential acquisition targets if you weren't ready to to close a deal until 1.5 years later? It's just futile.
It just doesn't make sense though. Why would the BOD continually say that they've been working hard identifying and contacting potential counterparties and acquisition targets if they didn't intend to close the deal immediately and have to wait until, at the time, 1.5 years away (the 3 year mark)? What sensible company would wait that long in order to be acquired? None of this is rational at all.
I remember you stating your opinion that a deal should be made by this year.
Goodness, now the date has been pushed to Jan 2015??? This is getting ridiculous.
Seriously, enough is enough. It's time to focus on the CTs and share trust already.
Our inept board will find a way to disappoint everyone again. I'll admit when I'm wrong, till then nothing has changed my point of view.
I told you, I don't care what the context of your conversation with Bop or whoever was. But, the quote that Bluefoxx linked specifically stated "RECEIVERSHIP PROCESS" not bank P&A.
I know you guys are trying to detract fantasy but you can't attack someone's credibility when what they were saying was actually correct. The quote stated "typical receivership process" not P&A. Don't muddy the waters.
Let's be clear here. Not sure what the context of the conversation was but the Bop quote specifically stated RECEIVERSHIP right? In that case, it's usually 6 to 12 months so it was correct, in a sense. I mean, damn, this guy can't even follow correctly when I said page 45, and it had a big 45 in the corner.
It's on the 2nd page. Did you not see a 45 in the corner?
Exactly. Didn't Don quote Bop saying the "receivership process" is 6 months to a year?
It's 6 months to 12 months. Check the link (bottom right paragraph on page 45). You just know it all don't you?
FDIC Receivership
Don, Bop's good points....
A couple of simple questions.
Quote:
So much for the 'why'. As to 'how' the FDIC-R need simply remain silent until it closes out the receivership. Generally the receivership process is six months to one year, so any 'aha' moment usually occurs within that time frame.
I know this is incorrect, but others must awake themselves. You do due diligence, take a look at the FDIC bank failures list on the website, select numerous P&AA's, and see something. IMO, the "Term of Agreement" (located in P&AA 13, but sometimes 12) is quite typically 6 years or 10 years; with some regard to FDIC loan loss participation.
If you find the same, how does one 'take the rest of the story?
Uh, hasn't it been online for the past month or so?
All the while the members of the BOD are getting cash compensation and stock grants. Wonderful isn't it?
Hmm I wonder how the LEHMQ plan trust bolstered Taconic's performance since it's not even tradable. Strange.
Ah forgot that escrow were pre conversion. Thanks.
800k shares??? Goodness, how much did u invest if you don't mind me asking, since you're sitting on about $2.5M at the moment?
. It's a frustrating mystery to me why, with KKR, Blackstone and NOL's to peddle, that they haven't come up with ONE M&A yet.
I believe what the former EC folks have told me/us. That there's nothing secret, mysterious, or not in the POR. And that's just not a great thing to absorb or hear, and bothers many. But I believe and know it to be correct. Unfortunately.
No confidence when 2.5 yrs have gone by and still nothing but 2 PRs about Blackstone and KKR and multiple stock grants.
Crumbda, what are your thoughts on the OBS trust share?
Wish my OBS trust shares were saleable.
David,
I don't think you understood what I was trying to convey. My point was that they basically said that having Blackstone on our side would make us a contender because of the Blackstone name and connections. Now, they pretty much say "We weren't taken seriously before but because we have KKR as a partner, it opens up a plethora of doors".
How can we believe anything they say when they essentially said the same thing about Blackstone? Next thing you know it'll be, "Having XYZ on board will open opportunities that didn't exist with Blackstone and KKR" and so on and so on.
It's like the boy who cried wolf.
The website is not indicative of what a KKR investment can do for a company, so stop the negativity there. 2. BOD member said "the KKR deal has allowed us to talk to people we never dreamed we could talk to." Or something to that affect. 3. The negativity on this board has to stop. If we know by the website being taken down after speculation was running rampant on message boards. They are watching these boards, then "they" (whoever they are) will hold off on any acquisition announcement as long as they think they can suck up more shares from retail investors who feel as though they are wandering around aimiously in the desert with very little water. When actually they are on a clearly marked trail with meandering stream nearby. Settle down and ride out the storm. I know "you got screwed." Yes, no, maybe. Remember you're investors. If it's too hot in the kitchen get out and cool off.
We saw how incompetent the LT was with the GS 2004 discovery request withdrawal. That was what, over a year of wasting time?
How much are classes 3 and 7 owed?
They also said the same about Blackstone when they were on board with us and I believe the word used was that it was a "coup" to get Blackstone. I guess looking back that was misleading since we apparently didn't get any "pull" without KKR.
Rants are healthy when justified. This is definitely justified.
I'm immune to these little rises in price because we've been fooled far too many times. I'll believe it when I see it. Other than that, it's just MMs playing games.
The joke's on us, if true. They (the BOD) are all going to make millions and the result is that we're merging with a half assed hedge fund? Terrific.
LOL classic.
We're not trying to wait until we die or
close to dying before something happens. It's been 6 long yrs already and even longer for us pre holders!
So you're saying they can't do anything until 3 years?
I also agree. As a preholder, these levels are peanuts.
LOL 50k shares? That's the lowest I've seen traded in a long while.
What ever happened to the auctioning of LEH securities?
OMG. Why would you send that to someone who specializes in hostile takeovers? Great job buddy.