Linda is biotch...! LOLz JayKay
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Zero, eom.
no. eom
Yes. I do not know the amount in total/settled at.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72424489
imo
The trades at .80 were small (even though the ASK was at .75) is CRTC trying to incite buying.
CRTC is still selling. Initially, they kept selling all the way down to .55 which at the rate would give little return (to the sellers) if they kept selling. Now they are selling slowly and want a higher price.
Who are they selling for? I say it is the claims subordinated to equity.
This is my opinion.
The only thing you can look forward to is in 2 years from emergence (otherwise you lose the tax attributes, the ONLY major asset of WMIH), there is a buyout;
A tender from a non 4.xx/5% party owner (or a hedgie buy more shares through their managed funds, etc.);
A "run up" in PPS,
WMIH Organic growth (we buy out some other entitiy or operate reinsurance, etc); or
etc.
Best bet for immediate return.
A pumper, *cough*, I mean a marketing agent goes to a pumper site and "advertise" WMIH as a "low float" multi bagger:
WMIH has a low float of 200 million. Approx. 75% of the float is owned by hedge funds and are restricted from selling/buying (if they are a 4.xx/5% owner). The balance of the float of 25% is owned by retail.
With the information above, this is an easy "pump". =)
imo
We were talking about something else. An inside thing.
As for the 6.5 B, the only thing that is left is PIERS and Class 18 Subordinate Claims, then us, as equity, split 75/25%.
Not saying it will reach us, but if Class 18 claims get thrown out, reduced, etc., they I do believe there will be some distributions to Class 19/22 in the future.
Class 18 is the wild card so to speak.
imo
No, they think they are entitled to a dividend when none of the seniors are even close to paid their allowed claim amount, guarantee of payment from the holding company even though they are subordinate (think they have the same rights as senior class securities), etc. The list goes on and on and on...
They are basing everything on a void prospectus when they should be reading the confirmed POR (entity already emerged from BK).
It is truly "the blind leading the blind..."
They refuse to come to terms of reality. Can't help but feel sorry for them...
imo
I agree. If you look a the charts (although it is limited), you will notice that the first day, the volume was "considered" high". The following days the volume got lower and lower accompanied by the drop in price.
Yesterday, volume jumped up and the PPS stop its decent and stabilized somewhat. Today, the volume was good and the same, stopped the decent stabilized.
At this point, there is accumulation going on. This is "someone's" buying
zone.
Lets see what the volume is tomorrow.
imo
LOL, didn't notice that, but good point! eom
A few of us should contact Yahoo and fix the WMIH board showing the Womens Marketing whatever.
I can imagine people interested in the NEW WMIH after seeing press releases or articles on the net and having to go to Yahoo and seeing what is all about but only to encounter WOMENS MARKETING and be turned away.
imo
Thanks Chaarles. eom
Sure a lot of volume. Almost 2 million shares. This must be the buy zone for someone. imo/eom
Germans (Euro Zone): Any of you guys able to purchase WMIH equivalent in Europe yet? eom
... and thought you were being sarcastically excited... ha ha
I was just messing with him since his posts usually only consists of a chart with the occasional typed out "2X Value". eom
isn't that called dark cloud? Falling star, shooting star, hang man? Bearish signal. eom
Principal payment first (in the context of bk). imo/eom
I don't recall the exact parameters since it was a while since I tendered my shares, but this is off the top of my head:
There is only 10 million share available to elect. If you chose to elect shares, then you have to give up 50% of your entitled distribution from the liquidating trust.
You were able to elect a percentage of shares and cash, but was up to you to fill in the blanks on the form.
If not all the 10 m shares were subscribed, then the SNH will elect to take any shares unelected.
Now, do NOT take any of the above as 100% since I don't actually remember the entire details since it has been a while since I sent in my ballots.
I am sure someone will chime in and correct any inaccuracies.
Well, good night, it is pretty late.
good luck all.
imo
I don't know exactly, however, I know it is soon since we are the first in line for the liquidating trust.
I elected to get shares, but I honestly don't know what they had to have an original W9 since my H's are in my IRA account and not my taxable account.
We shall see.
Also, I sent my W9 to the Georgia addy rather than the New Jersey addy. (E*Trade Corp Actions)
imo
FYI: My H's disappeared from my account. I assume we will see the results tomorrow morning.
Transaction history shows nothing.
E*Trade.
EDIT:
Just checked alerts and found this:
FYI: My H's disappeared from my account. I assume we will see the results tomorrow morning.
Transaction history shows nothing.
E*Trade.
EDIT:
Just checked alerts and found this:
No, I only have preferreds and HUQ (1p for 19.8005825 conversion).
Nothing on my HUQ.
imo
New WMI2 has officially landed in the account as: 92936P100
... and a place holder for the liquidating/litigation trust as: 939ESC992
413
Thanks Catz for the information. I knew that article wasn't entirely accurate or a tad misleading.
Can't wait for the official tally!
imo
I agree. Commons's 40% failure to tender releases would almost double common's original distribution of new WMI2 and the 25% of the liquidation trust.
imo
The question is: when did the author inquire about the failed 40% ballots?
Before the "voting" deadline? Or the "release" deadline?
We know the deadline was extended for releases to something in early March.
imo
I doubt the preferreds would be high because those investors are generally more sophisticated than the average investor, but, you never know.
imo
Originally hedge funds did not need equity to retain NOLs, however, that is the past.
Today, they cannot outright buy the entire WMI2 because they are a more than 5% owner and that would be a constitute a change in ownership if they attempt to purchase more or all of WMI2 effectively reducing WMI2's NOLs to ZERO.
The only way the hedge funds can purchase more or all of WMI2 is two ways:
1. Between the effective date of the POR, and within approx. 10 days with a tender offer, before the new WMI2 shares hit your account. (Possible, but can they or will they attempt it to take advantage of the first change in ownership since the first change in ownership is considered a "freebee" or exception to the rule and still retain NOLs)
2. After two years of the first change of ownership (emergence from BK) per IRC Section 382(l)(5)(D).
FYI: Original W9 Form (at least for ETrade)
Wow, pay attention. We are talking about D, not F. imo/eom