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It's a 10K not a 10Q.
WMIH 10K
jw, from the 12/31/13 10K:
"The Corporate Strategy and Development Committee of our Board of Directors (the “CS&D Committee”) meets regularly with Blackstone to discuss and evaluate potential transactions of varying size and across varying industries. During the year ended December 31, 2013, the CS&D Committee met formally and informally numerous times and, since Blackstone’s retention, we have contacted more than 100 potential counterparties, including more than 20 potential target companies. As of December 31, 2013, we had not executed definitive documentation relating to any acquisition transaction."
Looks to be the exact language as the recent 10Q doesn't it? That was close to 5 months ago. They are definitely hard at work earning 100K by changing around dates on 10Ks and 10Qs.
I get what you're saying jw, but isn't this the same tired declaration we've heard since the last shareholder's meeting?
Doesn't mean squat since they haven't acted on anything.
Hey doc, are you talking about off balance sheet or one big share? Also, which are considered post obs? Thanks.
Can I ask what your fascination is with Dell? Do you honestly believe that Dell is going to be connected to Wmi or do you say it just to get a rise out of people? If you truly believe this then it's fine (your entitled to your own opinion) but it's never ever going to happen. If it does and I am wrong, when this is all over, I'll send you $1k.
Simple, it doesn't. Neither WMI nor KKR has anything to do with Dell.
Sorry, just to clear things up but when you speak of the OBS, are you talking about the off balance sheet or the one big share? Thanks.
I sure hope so Jersey. Good luck and hopefully we'll be singing the Lehman praises soon.
Jersey, I have a ton of Js as well and regret not selling when it went up to the $0.70 range. Now, I can't even do anything with them.
Jersey, I actually don't have my mind made up at all. I wanted to know what everyone thought of the previously agreed upon 21% recovery by creditors, which is now at around a 43% recovery, as they are liquidating and finding more and more money means for us. I'm just not one to buy into the "glory of Lehman" will make us all rich theory at the moment. I recall Couch Tequila back then talking about the "perfect storm" this, "perfect storm" that and that guy is long gone now.
I have a few hundred thousand shares here, so I'm definitely wanting to be paid. I would consider that some coin, don't you think? After the 5th distribution, if we hear that they'll be a 6th, 7th, etc...will you admit defeat then? Or will more long paragraphs of jumbled verbiage from PORs be posted once again to convince everyone that things will be golden?
Why is it when someone has a question or thought that goes against certain viewpoints, people are labeled as a "basher"? I don't get people like you. Explain your stand. If you can't, well, then you're just a pumper.
guster, are you of the same mindset as well on this matter of the CTs? The one share trust, on the other hand, I believe they have to keep in tact in order to utilize the large amount of NOLS, am I right in that assumption?
My fault that I wasn't clear but where I'm getting at is that yes they are liquidating and yes 100% is most likely not achievable. However, it seems as though they will be liquidating until there is nothing left, all the while continuously making distributions to creditors since they are not deemed to be paid off. If that is the case, how will CTs be paid when there isn't even enough to satisfy creditors? I guess the confusion lies as to what "satisfied in full" really means. At first, we believed it was the $0.21 on the dollar that they agreed upon in the BK proceedings. Now though, it does not appear to be that way since they're up to double that amount.
My mistake, your right, it is the 5th distribution totaling $0.43 cents on the dollar.
The question is that creditors ultimately agreed upon a $0.21 on the dollar payout and was considered to be paid in full once that was fulfilled. However, after all, we are now going onto the 4th distribution of approximately $17B, moving creditors up to over $0.50 on the dollar. When will it end before they are discharged? At 100%?
What's that supposed to mean? These questions aren't worth your time? Instead, endless pumping of cts are?
Why isn't anyone commenting on this article and skipping over it entirely? How many distributions will it be until the creditors are discharged?
www.cnbc.com/id/101535162
So creditors agreed on approximately $0.21 on the dollar and now they're getting almost $0.50. When will they be paid off? 100%?
Pretty ridiculous!
Hedge fund vultures feast on Lehman corpse
Here we go again. You'd think that after reading the last quarterly report for the LT that you would stop stating this nonsense. They aren't going after any third parties, much less money to get to the piers! Escrow isn't getting crap because of our incompetent trust and attorneys!
Mordicai, if you're lurking, what are your thoughts on the news of KKR joining and what they are receiving in return? Thanks.
Jersey, when did your wife purchase the shares? Was it before 2008?
Hmm, I thought it was just CTs and Preferreds (C, D, F, J, G, P, GP) were of the same tier).
What are the senior preferreds that you're talking about?
You say $65B but now it's up to $80B right?
NOLs are probably the key.
It's $80B now????
Keyword here may be the use of AND, "we have not indentified AND executed" meaning both in conjunction. If they would've used NOR, "we have not indentified NOR executed", then that would have prompted that neither has occurred.
Anyone know who we contact to get info on this POS?
So why have Blackstone on board since June '12 looking for potentials if nothing will happen before then? A bit futile don't you think? Also, why not just come out and say that we need to wait? I'm tired of people saying that the BOD wants to be under the radar with the IRS and announcing such will raise red flags. That's just nonsense because it's the same thing if they wait until the 2 years is up and then have a significant acquisition or merger; they're still doing so to shop the NOLS (because that's all they have)and the IRS knows it. The IRS isn't oblivious and you think that by not making an announcement to inform shareholders of the 2 years will fool the IRS? Cmon, get real.
Weren't they trying to grow WMIH "organically" anyways, with acquisition after acquisition? After all this time, nothing at all. They probably don't even know what to do with the NOLS.
Let's have a permanent pop this time.
Did you email that to him? If not, you should voice your opinion to him by doing so because he isn't going to see it here.
So the distribution was for $15.6B. How far off are we from the POR "paid in full"? Should be close right?
Thanks indepth.
Wasn't there a distribution recently? Were we able to find out the amount of it?
Sooooo, what does this have to do with us? Everyone keeps posting about JPM lately and their settlement with the government, maybe I'm just not seeing it?
The real question is, does any of this have to do with us???
That's awesome.