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Whoa. I see old timers here. Good to see you.
Nice to see some old faces still posting here. Hope all is well.
You're around still... Haven't you ever heard the term "good things come to those who wait"? It's been a long ride but I'm still in. Haven't sold nor added. Just being patient.
Yea. It's been an ongoing battle for quite some time. I rarely check in here. Glad to see there's some familiar faces still. Still holding all mine for now.
Gov posted this on another board.
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ACCESSION NUMBER: 9999999997-15-013691
CONFORMED SUBMISSION TYPE: CERTNAS
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20150924
DATE AS OF CHANGE: 20150925
EFFECTIVENESS DATE: 20150924
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: WMIH CORP.
CENTRAL INDEX KEY: 0000933136
STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199]
IRS NUMBER: 911653725
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: CERTNAS
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14667
FILM NUMBER: 15008142
BUSINESS ADDRESS:
STREET 1: 800 FIFTH AVENUE
STREET 2: SUITE 4100
CITY: SEATTLE
STATE: WA
ZIP: 98104
BUSINESS PHONE: 206-922-2957
MAIL ADDRESS:
STREET 1: 800 FIFTH AVENUE
STREET 2: SUITE 4100
CITY: SEATTLE
STATE: WA
ZIP: 98104
FORMER COMPANY:
FORMER CONFORMED NAME: WMI HOLDINGS CORP.
DATE OF NAME CHANGE: 20120320
FORMER COMPANY:
FORMER CONFORMED NAME: WASHINGTON MUTUAL, INC
DATE OF NAME CHANGE: 20061017
FORMER COMPANY:
FORMER CONFORMED NAME: WASHINGTON MUTUAL INC
DATE OF NAME CHANGE: 19941123
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http://www.sec.gov/Archives/edgar/data/933136/999999999715013691/9999999997-15-013691.txt
I forgot that it is the anniversary. Thats crazy. Been a long 7 years.
Already up 0.15 before open. Its going to be one heck of a day.
Is it possible that most are in a coma and headed to the morgue? There's actually something to discuss?
Love you baby!
My man! Good to be back!
Knick, after all these years I get you and I truly understand. We've been through hell and back. Other than coming out of bk a$$ raped, this is perhaps the best news yet to me. After this bold PR there's some good stuff going on.
Glad to see you here to man.
Great to see the old timers still here how's my favorite cow?
gmen, no pm. Great to see you again brother.
I've always kept up here and I'm not going to curse it by being too positive. Tomorrow is going to be awesome to see how the news goes. Monday... Wow...
I texted Luv so I think she'll be posting some soon. Missed you guys. I just want to regain my losses and then some. I'm keeping back up on the boards like a crazy person from here out again...
Btw... Is Rockie still around? Love that guy.
Its about damn time some good news happened. Plus, its showing some great progress. Let the good times begin.
I cant believe you all aren't talking about getting uplisted????
http://www.prnewswire.com/news-releases/wmih-corp-to-list-on-the-nasdaq-300148847.html
http://ih.advfn.com/p.php?pid=nmona&article=68642720&symbol=WMIH
Nice to hear Don. I've been starting to catch up again on the day to day stuff here. It was nice to take a break from watching the board all day.
Congrats on car, that's a sweet ride!
What's going on WMIH peeps?! Glad to see there is life finally running through the veins of this stock. Haven't been keeping up here too much but follow another board for the trading activity until it catches my attention. Been seeing rumours of MA happening soon. Anyone care to speculate who?
Don, I haven't got my Camaro yet but hopefully soon.
Heres a new PR issued today - thanks to Jay on BP
WMI Holdings Announces Completion Of Private Offering Of 600,000 Shares Of 3.00% Series B Convertible Preferred Stock
Net Proceeds Will be Used to Explore and Fund Acquisitions
SEATTLE, Jan. 5, 2015 /PRNewswire/ -- WMI Holdings Corp. (OTC: WMIH) ("WMI Holdings" or the "Company") today announced the completion of its private offering (the "Offering") of 600,000 shares, liquidation preference $1,000 per share, of a newly created series of convertible preferred stock designated as 3.00% Series B Convertible Preferred Stock (the "Series B Preferred Stock").
Net proceeds of the Offering are approximately $568.7 million after payment of all offering fees and expenses (including fees contingent upon future events) and will be used to explore and fund, in whole or in part, acquisitions, whether completed or not, including reasonable attorney fees and expenses, accounting expenses, due diligence and financial advisor fees and expenses.
The Series B Preferred Stock will bear dividends, on a cumulative basis, when, as and if declared by the Company's board of directors at an annual rate of 3.00%. All or a portion of the shares of the Series B Preferred Stock, depending on the circumstances, will be mandatorily converted into the Company's common stock upon the satisfaction of the conversion contingency. Shares of Series B Preferred Stock that have not been converted or repurchased prior to the mandatory redemption date will be redeemed on the mandatory redemption date.
The Series B Preferred Stock was offered to qualified institutional buyers (as defined under the Securities Act of 1933, as amended (the "Securities Act")) in accordance with Rule 144A under of the Securities Act.
The Series B Preferred Stock and the shares of the Company's common stock issuable upon mandatory conversion of the Series B Preferred Stock have not been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws.
Affiliates of KKR & Co. L.P. ("KKR"), which made a previously announced strategic investment in the Company in December 2013, purchased 200,000 shares of the Series B Preferred Stock in the Offering.
Michael Willingham, Chairman of WMI Holdings said, "The completion of the offering of Series B Preferred Stock provides WMI Holdings significant capital to execute on its acquisition strategies. With this capital, we intend to continue to pursue opportunities for acquisitions of companies with operations that are complemented by the experience and expertise of our board and management team."
Tagar Olson, Member and Head of KKR's Financial Services team, stated, "We are pleased to participate in the offering and invest additional capital in WMI Holdings, as we continue to see opportunities for the Company to grow and diversify its platform. Having partnered with the Company for over a year, we believe that WMI Holdings is well positioned as an acquiror and we believe it is capable of leveraging its resources to drive value as it executes on its acquisition strategy."
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to sell or buy any securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offers of the securities have been made only by means of a private offering memorandum.
About WMI Holdings
WMI Holdings, formerly Washington Mutual, Inc., consists primarily of WM Mortgage Reinsurance Company, Inc. ("WMMRC"), a wholly owned subsidiary of the Company that is domiciled in Hawaii. The Company's primary business is a legacy reinsurance business that is currently operated in runoff mode by WMMRC.
Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release that address activities, events, conditions or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business and these statements are not guarantees of future performance. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements may include the words "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "strategy," "future," "opportunity," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Some of these risks are identified and discussed under "Risk Factors" in the Company's most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and Current Report on Form 8-K filed on December 19, 2014. These risk factors will be important to consider in determining future results and should be reviewed in their entirety. These forward-looking statements are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and we do not undertake to update any forward-looking statement, except as required by law.
Contact
SOURCE WMI Holdings Corp.
http://www.prnewswire.com/news-releases/wmi-holdings-announces-completion-of-private-offering-of-600000-shares-of-300-series-b-convertible-preferred-stock-300015881.html
Your wife tells me that too :)
LOL
I'm always stopping by to see if anythings going on. There just not too much to say or absorb in the last few months. Today kinda peaked my interest though.
Nah. They're toying with everyones emotions. The typical highs and lows for the average WaMu shareholder.
But when dealing with a "gready bod" you may not have time to flip some coin :)
Those gready terds will steal the coin
??????? UMMMM, What ?????????
Oh man... You wear a helmet too? Anyway, I think we'll be hearing some news here easily within the next 2 weeks. I don't think the MMs really want to keep popping the top off the stock without hearing some news. However, I think I'm the reason the stock has been dropping. They heard me say that I was almost even here on this stock... Those suckers...
I thought it was Canada. To be more specific.... Those French Canadians... :)
Nice first post. Look forward to the following posts.
The funny stuff is.... I posted and it is the crapiola day that I was talking about... Wow. How time flies...
What a real S*** f*** day/week that was.
**** edit - always great to see you here Fixed
I am officially almost even here. Another .30 and I am good. Anyone remember 3/10? Just curious.
**** Edit.... It just kicked me... 3/10 is today.
It is karma. Granted, its a bad time for his karma to take effect. We need him well until he is all "wrapped" up with us.
Volume today was off the hook man!
Hedge funds know we have billions of NOLs to write a check on!
JPMC is way on the hook! They will be paying billions soon too. Ahhhh, just wait for Sheila Bair and her conspiracy too... I'm ready!!!!!
**** Sorry. Got bored cooking dinner for the Sasquatch in my house. He eats a lot and I needed some down time.
Yep. I was just hoping that those claims are finally it. I am going to spend some time this weekend going over the claims register.
Notice of Agenda of Matters Scheduled for Hearing on February 20, 2014 at 10:30 a.m. (EST)
http://www.kccllc.net/wamu/document/0812229140214000000000001
Not that the agenda is of importance... The last 2 pages just may be. Are those the last remaining employee claims? If so, freakin awesome.
*** Nevermind. Thats just for the 60th omnibus objection to claims. I haven't kept up like I used to.
DAAAMNNNN. I always check back in here from time to time... I guess he stole money from the wrong people.
Thank you...
Okay... F'd up. So ihub refuses to allow me to have my siggy of a Baltimore Ravens cheerleader in a bikini and disabled my siggy feature. But they can have ad's that are more revealing than my siggy???? They have ad's of Zappos models with bikinis To add they are advertising a pervy game "League of Angels"???? Hmmmm. Can I get my siggy back? Really? We're all adults here.
15 trading days to determine the direction of KKR. I'm kind of thinking now WMIH will announce the shizzle after hours on the 31st. So, my guess is February 3rd will be either a sweeeet rise or end up a 3/10.
**** To edit. I feel it will be extremely, extremely unlikely they will back out of the deal. But, crazier stuff has happened.
It appears that we have mutual respect and I will do the same.
Thats why I insist it will be JP WaMu Chasing Snipes.
Yep.... WaMu will be a new bank and take over Chase also.
"The Commitment Letter terminates on January 31, 2014 in the event that the parties do not enter into definitive documentation on or before such date." IMO - it can happen right now up to the date of 1/31/14.
Sorry - edited to add link
http://www.prnewswire.com/news-releases/wmi-holdings-corp-announces-commitment-by-kkr-for-strategic-investment-235046931.html
By all means I am not great at charts. I know enough to fit in a thimble and that makes me dangerous, very dangerous. I was just addressing the days where there was a gap up and it didn't appear that we filled those entirely. :)
Merry Christmas everyone - be safe!