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You are right, that is the gamble: We simply don't know. If it is less than 8 Billion say good night. If it is 10 Billion, we have a value over $1 per share here.
Roll the Bones baby !
Simple. There are estimated 32 Billion assets, 8 Billion debt. Now the company has said assets 'may be less', lets say they have only 12 Billion assets, after paying off the 8 Billion you still have a holding company with 4 Billion in assets.
With a 1.7 Billion O/S you have a pps in the dollars. How many pink sheets do you know with 4 Billion in the coffers, lol?
Then this would be worth .0001, lol. But with 32 B assets, 8 B debt and a 1.7 B O/S... 12 cents just does not add up to me. $1.20 maybe...
Just a late print, no AH in the pinks!
It caused the drop today, pure manipulation. The FDIC has no idea what they are talking about , like Cramer says: THEY KNOW NOTHING!!!
That wasn't a mistake imo, it was manipulation. The FDIC has no business talking about the stock price. What BS
Strong buying into the close, bodes well for tomorrow.
12 CLOSE , NICE!
Big Buys slamming the ask now...
I speak from a realist point of view. And I say it again:
If Clayton does one of the following I will be a buyer:
- Provide proof of the buybacks.
- Provide proof of a signed SNV contract.
- Resolve the divy issue.
Any one of these things and you will see this run hard imo.
Clockwork it was decided earlier today I'm sure.
.12 just Slammed!
Big Buys coming in...
Link please, lol
Like I said, somebody dropped $21,000 into this today. That's a lot of confidence.
That news came out last night. We've already seen the effect when it dipped to .10, it is old news now. Everyone has seen it already.
Means nothing. Instead of 24 billion we may have only, gee whiz, 5 billion with a 1.7 O/S... still makes this extremely undervalued.
UDHC Future:
I think this has one more decent run left in her to possibly .04 - .05 in the next few months. After that most of the strong longs here will have taken their money out and move on.
I don't believe Clayton is 'bad guy', I think he will fail with UDHC. He has not exhibited the characteristics of a successful businessman in any shape or form. He bought this shell almost a year ago, and sure it has seen some runs;
But the bottom line is that he has not be able to close any SNV deals, open any new stores, or produce any long term shareholder value.
I think he will just get frustrated and end up selling off the shell, like Fauzie did before him when it goes to sub-penny.
Bleak, but realistic.
More Big Buys going through...
Yeah we know. But even if it has 2 billion left with a 1.7 O/S we're over $1.
They are more referring to the fact this won't be a NYSE stock again, not the potential of WAMUQ. It's considered worthless under $5 and on the pinks. Doesn't mean it won't run much higher than .15 !
To avoid shareholder lawsuits.
Possibly, I know that if I knew my companies stock would be worth much more shortly I would be pulling as much of it off the market as I could!
Doubtful, the big boys bought in between .09 - .11, they want more than .12 for this.
Rumors are also going around about JPM making an offer for these shares to keep lawsuits away. .60 - $1 and they don't have to waste money and years in court.
Great volume today, someone bought up a bunch and took advantage of the early morning seller at market. I wonder who had the confidence to drop $21,000 into this today?
Was it you Doggone, lmao!!!
After lunch.
The big boys who bought yesterday are not selling. They know this is heading North.
I was expecting a drop to .08, and close at .10, if it does better than that I will be very happy.
If it doesn't pass, this country is doomed. I don't think you realize that when people credit cards, debit cards, etc stop working and they don't get paychecks we are going to burn like Rome did.
A passing vote could bump this to .25
Like I said, the market is down 200+ points today. People are nervous about the vote tomorrow. If these Reps don't pass it our entire economy could collapse next week. Then we go lynch the 'no' voters and hang them on the White House lawn!
I think the House Bailout vote will be key to this stock.
We've based nicely at .115 - .12, launch North from here soon.
The whole market is down today, it's getting set up for a big push up tomorrow if the House passes the bill.
What they mean JJ, is that it won't trade on NYSE again. "Worthless" means under $2, on the pinks. They mean shareholders over $5 will not get there money back. Worthless in reference to big boards is different than worthless to what we are used to (.0001)
She's heading north again, today was a gift!
When they say 'worthless' they mean it won't see the NYSE at $30, WAMUQ could still run to $1.
Yeah we knew this, lol. When they say no recovery they mean to become a NYSE stock trading at $30.
She isn't falling, she's basing for the next run. 30 mins of trading we're still at .12. That is GOOD
All stocks are down today.
Someone got lucky .003's thanks to the fool who sold at market this morning
No way the big buyers got out on this. Just a shake to get more shares before the bigger runs