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not exactly. it just could be the market makers playing pass the hot potato to each other and gobbling up shares from anyone who sells shares in the shuffle of their trades between each other. At least thats my theory.
Make no mistake they fully control the price movement to this end.
just my opinion.
thanks for your comments. Feels good to be back. Hopefully I can help add to the relevant discussions we used to have on here before things changed.
Some people have a theory as how wmih would go forward. In order to keep full use of the NOL's we have to buy out other businesses and merge them into ours and not the other way around.
Now according to today's pr we have "substantial cash" whatever that means. I always thought it was 75 million, but maybe its more. who knows. we also have the 125 million in credit. Now some are speculating that in order to aid in purchasing a company valued over the 200million dollars we would need to issue some sort of preferred/bond for added capital without effecting the common ownership structure protecting the nols or however blackstone goes about helping to raise the capital we need. The WMIH entity could then use the profitable business we buy and use the NOL's as a tax shelter on profits. some of which will go to paying off the interest on the added capital.. this is if we would need more than we already have.
the other opinion is that we use the 200 million to buy a business then keep buying/merging other ones into our entity.
I am not sure exactly what they are planning, but I bet its something along those lines. I dont think it would be hard for blackstone to find other angel investors to help facilitate larger buyouts with the assurance of the NOL tax shelter we have. The NOL's would seem to be a very attractive tool in terms of growth.
I think the debate at the moment is how they can accomplish this without effecting any ownership change. Some say selling some preferred stock. others say some other investment vehicle.
I think this is all up for debate. Some think only the cash on hand and the credit facility will be used. Blackstone does a crap load of M&A deals and specialize in fund placement services. so time will tell.
All I know we can agree on is that whatever happens the NOL's we fought so hard to maintain will be utilized in the growth of the company over the longer term. I am very happy with the blackstone choice.
I would like to hear peoples thoughts on this.
As always just my opinion.
Blackstone is a top notch organization. Very happy with this choice. They know how to make good deals. I like the part in the pr about:
"evaluating acquisition opportunities involving strong management teams across a broad-segment of the marketplace, including opportunities in the financial services sector."
It might just be a wild guess, but I seriously doubt we will only be a reinsurance company down the road. Financial services is a broad sector where I can see some interesting deals being made. just my opinion.
I feel positive in general. It feels good to have disclosure from the new company. Hopefully some deals have already been in the works and management is just waiting to disclose them when finalized.
heck at least now the naysayers cannot say they company is not doing anything. it clearly states that wmih intends on putting its cash and credit line to use with the advisement of some very good industry heavyweights.
Just my opinion of course. I would like to hear other peoples thoughts. now all we can do is speculate in what direction they intend on putting the capital to work in order to start to utilize the nols against gains.
Thoughts?
Symbol TC squeeze heating up more. UP 11.20% at 2.87
Told you all early on. now bow down to the master!
tc going even higher still squeezing. up 8.49% at $2.81
symbol TC having an epic short squeeze . up 8.11% at $2.80
want to see a real short squeeze check out symbol TC. junior miner having an epic short squeeze. gonna be a fun show to watch as the shares to cover dry up. :)
Big short squeeze going on in symbol TC. up 8.11% at $2.80
this board looks like its filled with penny pumpers. if you want to look at a mid cap having a short squeeze check out symbol TC.
everyone check out the squeeze on symbol TC. your welcome. looks like the hedge funds are caught off guard. I think if it moves up a little more they will all have to cover in mass.
mid cap. symbol (TC) shorts getting crushed big time. check it out
symbol (TC) shorts are getting crushed big time.
shorts are getting utterly crushed!
I was a H holder and I have not gotten anything as far as a payment for them.
I would suspect that the H's are the next on the totem pole to be paid before we see a cent on our prefs and common escrow accounts.
correct me if im wrong.
you were saying?
something weird is going on about 1min ago i had a 1000 share order fill at the ask. meanwhile the amount of shares sitting at the bid/ask didnt move a bit. kind of odd. ohh well glad i got filled at this price though :)
looks like market makers/shorts are trying to build a false bid wall trying to contain the action. I really wish we had some whales with deep pockets who could take control away from them. either way i dont day trade so slow and steady rise is fine with me and by Q3 we should really start to see the big moves.
i agree and thats why i said a full Q of production will start to tell the tale. As we all know mining is a very capital intensive thing. The other positive i see which no one talks about is that oil has fallen off a cliff in recent months which should help them keep costs even lower.
I think the 2nd Q is great but i agree that in future production is where our bread will be buttered.
I think its all a matter of time now. the negative people can go stick it where the sun dont shine. i am sure they will be back in the coming weeks working hard to get in a good level before q3.
just happy things are coming together. just surviving as a pink and a mining company is hard. getting to the production stage is a huge win. i have seen hundreds of companies die from stock shorting and dilution not being able to raise the capital they need and never get to the production stage. the fact that we are in production is all i need to know.
if anything this just proves once again that the negative people are either full of crap or have other motives.
I cannot wait until we see the q2 production numbers, but more important than that is to see a full Q under full operation. q3 is going to rock.
Glad i waited. :) nothing like an actual producing mine!
it works that way on the jr's as well. have a stock of mine that went to a buy rating from a hold. had a major pop at the open and now its basically flat on the day.
I guess what im getting to is it takes time for the news to spread and also the market makers/shorts when caught off guard will use low volume to bid wack a stock to the spread they want until they cover or decide what direction they want to go.
To me it seems the volume in pcfg is way to low for a major move to hold. I will be happy if we hold around the current price for the week. I like many other shareholders will be waiting for more positive news at some point in the future and one day the price of the stock will catch up to the news.
just my opinion.
it looks like the shorts are starting to get a bit bent out of shape from this little move. I would not read much into it as true covering volume is lacking, but good news in a steady stream will help support new base levels on the chart that should hold. just my opinion.
up or down makes no difference unless you are day trading pinks. which to me is like trying to win an foot race with no legs.
Time will tell the tale on production and commodities will keep going up into the future as money printing continues. no brainer in my opinion as far as the micro cap, and jr miners go.
is it not great than a less than 300 dollars in a single trade can move the pps almost 10 percent. lol
gotta love it. lets see what happens later in the day.
its sad to say, but i agree with you on this. As much as i like the fighting spirit of these objections it has been clear for years that the court will overlook over billing/ bill padding in the name of judicial expediency.
Not that it means much, but at least the fee objections are on record.
funny thing is the volume is so low that i have to wait forever. lol
I am very tempted to put in an order to take advantage of the lack of volume price movement.
what do yo mean paid? I have only heard of dime holders getting a check in the mail.
I was also an H holder and I have not seen a cent yet from the shares that were taken out of my brokerage account. I figure they would be first in line before the prefs and common escrow. unless im mistaken.
radium. you really crack me up. :)
I can almost write a book just on some of the wack job posters theories. Its one thing to have pie in the sky ideas with loose logic to try and string together a justification for them, but some of these we hear are created on some alternate dimension. lol
Thank you for your efforts. go WMIH!!!!
watching my trades get filled was funny as hell to see. :) hitting the ask both times and the trades right after to counter them lol. thanks for the cheap shares. when they monetize the nol's and ordinary loss i will be happy :)
been sitting above the ask for over an hour with an order. never had to wait this long even in the old days.
anyone see that big volume buy just come in?
you should re-read my post. maybe you have selective memory. i said i was taking a break from the board. for health reasons if you must know. I have always been lurking and posting from time to time. I also said cannot spend the amount of time i once did when the bk case was going on because the conversation has all but stopped and turned into utter crap and what was once a good place to discuss important ideas and information had turned into something else.
Now as for our current situation. well there is not much to say. Its more of a wait and see like any new company. hire staff. get audited books. execute the initial and longer term business plan which we will be privy to at some point.
Everything else is just static and noise. dwelling on the bk case is a waste of time. I really do not understand why many people spend everyday typing in 1 liners about susman etc. as if it has anything to do with our current company going forward.
To each his/her own i guess. I think the daily 1 day wonder posters are trying to effect the small amount of people who try and day trade wmih or loosen any uneasy holdouts who might not be able to hang on for the longer term. Other than that I think it falls on deaf ears because people like myself who have already spent over 3 years of my time fighting to get to this point.... well i am not going anywhere anytime soon.
as may would say in the past. tic tock around the WMIH clock. time will tell the tale of the new company.
all in my opinion of course.
i can see the mm fake bid wall. lol ok back to lurking and making money on my other stocks.
bought some more today. to me the stock at this level is too cheap and the whole mining sector in general. just my opinion.
i almost fell out of my chair. lol
anyone else having trouble getting fills at the ask? or bid?
usually does not take this long.
that 150 dollar trade at the open was lol.
just fyi MARTA claim finally gone....for now.... reserve released to creditors. Anyone wanna bet they wont refile?
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=me&bn=86316&tid=968760&mid=968760&tof=2&frt=3#968760
ok.... back into my lurking hole.
i disagree. it is not the job of the company to spend the working capital it has to put out pr's regarding every little thing that happens to calm the shareholders nerves who are not patient. Material events are what is important in terms of disclosure. So in regards to the water issue it will become apparent in the next couple of months if it has all been worked out.
The thing that the shorts and the boiler room flunkies who post on many pinks want you to think is that the company will not be a going concern in the future. The people who are naked short would love to never have to cover and sometimes go to great lengths to avoid doing so. If a company goes out of business then its all cake for them.
The thing with pcfg is i seriously doubt they are going down the hole. A pink miner already in production is already 99% of the way home. If it was just an exploration company that would be another story.
this is just my opinion. But I have a nice chair to sit on with some cake. plenty of time to wait. I have been scooping up the large, jr. and micro cap miners all week. The calm before the next round of qe money printing. Free money in my opinion. Longer term metals will continue to outperform in my opinion.
i agree with your comments. the whole metals sector in general was making new 52week lows. just look at slv and tc...those are huge companies. The sector like the steel sector works in cycles. I really dont care what direction it moves right now. I add to my positions in the large, jr, and micro cap miners when i have to fresh powder and the price is right. I have a very comfortable chair to sit in with plenty of time to wait. Those looking to get rich over night will have very sad investing careers. just saying.