Explore small cap ideas before they hit the headlines.
Explore small cap ideas before they hit the headlines.
AZCowboy. IMHO You're "the smartest person in the room" and thanks for sharing your dd with the rest of us.
Now back to lurking.
ie, When do we escrow holders receive our primary dividend distribution?
I think the real question is when?
A Little Thank You Note Of Appreciation.
Thank you AZCowboy; Large Green; and Tanjazielman for kind sharing of your very excellent and superb dd with us.
When Susman was first retained by our EC, he (in essence) stated that the value of WMI was in WMI's Estate and that whatever recovery that the common shareholders were to receive would be from WMI's Estate.
In addition, in the good Dr. Shankara's opinion, WAMU was worth anywhere from $300 Bilion to $500 Billion. But I didn't know WHERE it was nor HOW it was going to be recovered. However you have answered those questions. In addition you also answered the questions "How much money do we, who gave releases, get?" (Answer: A whole lot); and "When do we get it?" (Answer: Soon).
For those of us who gave realeases, it's literally "a once in a lifetime opportunity". And thanks again from one who really appreciates your hard work and very generous sharing of your dd.
I'm not an Attorney. However my understanding is that a POR and any amendments thereto must be first approved by the court. And before that happens, a "Disclosure Statement" must be presented and approved by the court (or at least that's what happened in the WAMU Bankruptcy).
Stockminder. Oops. My error. See "Point of Correction" by Liam.
Thanks, Liam for that information regarding the number of shares own by Willingham. (He also own a little over one million shares of WAMUQ in the successful conclusion of the Washington Mutual Bankruptcy.) I don't know what the valuation is for ANVGQ. However,the purchase of 300,000 additional shares of ANVG (and him having to resign from the EC in order to do it) tells me that POR# 1 will be amended to allow us retail shareholders to have a more equitable/fair participation in the ANVGQ Estate.
IMO, Michael Willingham and Steven Godfrey/Edgar Sargent are "winners" and I like "riding" with "winners". ("Stick" with them and I'm sure you'll be glad you did.)b]
SC, Question:
How many (total) shares of ANVGQ does Willingham own?
Thanks in advance.
Yes, it's similar to Kmart but with the exception that unlike Kmart, we retail equity share holders didn't get "kicked out" (per POR 1 thru 6) and thanks to Nate, WM, and Susman & Staff, we get a chance to "ride with the Big Boys"/SNHs per POR 7. And yes WMIH gets NOL/tax benefits of approximately $2.1 Billion (35% of $6 Billion). However, according to Steve Susman (when he was first appointment as EC Council,) the real "...value and chance of recovery for Common Shareholders was the WaMu Estate" (now the WMLT)
I totally agree.
On a scale of "1, Bugs Bunny" (lol) to "5 (Authoritive)", how would I rate my source? I would rate my source a "5" because it is important to keep in mind that ownership of real estate is recorded in public records (that are available and opened to the public)./b]
RE: Additional WaMu B/K Balance Sheet "Hidden Assets": WaMu (now WMILT)still owns (more than $10 Billion of) land under many of the the former WMB (now Chase) locations.*/b]
*From a source I'm sworn not to divulge.
P.S. 35.29% (.6/1.7) or more than 1/3 Of Common Shareholders DID NOT give releases.
Commons would get approximately $9.09 per LTI as follows:
25% of $40 Billion = $10 Billion for Commons' LTI.
$10 Billion ÷ by approximately 1.1* Billion Common Shareholders that gave releases =$9.09 per Common LTI.
*Note: Of the 1.7 Billion Common Shares Outstanding, only about 1.1 Billion of Common Shareholders gave their releases.
Dr. What do you think will happen to the price of WMIH shares if the market crashes?
GYSTD News: Graystone Company Announces October Production Results And Copper Campaign #3 Update 11/12/2014 09:00:00 A.M.
(Unable to post Business Wire Link)
Thanks, SMResources. I really value and appreciate your professional opinion.
IMO The current manipulation, repression, and "smash" by the the U.S. in the "paper" (COMEX & London) prices of gold will soon be replaced by the real "physical" market prices of gold in the East. (And it is important to note that the prices of gold are now in "backwardation" which indicates "tight supply" compared with very large demand that normally results in higher prices.) Therefore, purchases of physical gold by China, India, and Russia makes it a "no brainer" that the prices of gold will increase substantially as all the gold moves from the West to the East and the U. S. loses its' World Currency Reserve Status.
Thanks again for your professional opinion.
Okay. We know that GYSTD has approximately 300,000 ozs of gold reserves. Let's assume that the bull market in gold is now resuming and that the price of gold advances to say $2,000 or more an oz. --- then in your considered opinon, what would you expect the price of GYSTD to be under those circumstances?
SMResources. Do you think GYSTD Management will Authorize & Issue additional shares that will dilute shareholders' equity?
Thanks, Soul Washer. So there's a possible "short squeeze" in the making, lol. I have read some of your prior posts and I, for one, really really appreciate your sharing your knowledge with us!!!. Thanks again.
Justforfun. Here's a question for you: You stated that "The B shares own this company" and "If there ever would be a buy out the (A) common shareholders would get nonthing". So in your opinion, "Why do the officers of GYST (Paul Howard, CEO and Joseph Mezey, CFO) own a "substantial" number of GYST (A) Common Stock?" They already own all of the B shares via their RENARD (Partnership) so according to your opinion, their ownership of any GYST ("worthless") A shares would be unnecessary.
Justforfun. I don't think Buffett owns any GYST or any gold mining companies. However, other successful investors/the "Big Boys" (like George Soros and John Paulson) and Soverign Nations (like China, India, and Russia) own and are "seriously" accumlating physical gold, silver, and the shares of gold, silver, and other resource mining companies. So that means that we, like the "Big Boys", will also profit when the "Bull Market" in precious metals and the shares of precious mining companies (like GYST) resumes.
GYST has 740.0 million OS according to E*TRADE
WOW!!! berichtom, you are absolutely correct. And thanks for sharing your insights.
GLTA
SMResources. Yes, please do pass along my compliments to your friend's wife. And thanks once again for giving us the benefit of your experience, knowledge/DD, and insight!
Montanore. You're right. I can't dispute your reasoning nor your logic. However, IMO WHEN
[NOT IF. (The Question is only one of WHEN?, i.e. Timing)] the price of gold advances to $2,000 and above, then none of what we are currently discussing will matter. Of course, then, when the price of gold trades at more than $2,000, then the prices of gold mining companies, including GYST, will be substantially higher. Now I could be wrong, but from a Price/"Technical" point of view, IMO "THE LOW IS IN" for gold, silver, and gold and silver mining companies.
Differences of opinions is what makes markets. So here's a suggestion: Mark this post for future referrance, because then we can both look back and see if I was right or wrong.
SMResources. I really like your GYST Performa! You obviously "put in" a lot of thought and hard work to make that GYST Performa.
I noted, in some of your previous posts, that you said GYST will probably have another R/S. Nevertheless, I just had to "picked up" some more GYST @ $.0002 today.
Thanks again from someone who really appreciates all your DD/hard work and your willingness to share.
The Yogi
SMResources. I've read many of your posts and think that you are extremely knowledgeable. Thanks again for sharing your knowledge/DD, experience, insight, and wisdom. I don't know about others but I really appreciate your sharing.
IMO: The price(s) of "paper" (COMEX/London) gold (and silver) has been "smashed" by the "Powers That Be". However, that is all about to change with the real "price discovery" being transferred from the West (the U.S. and London) to the "physical" gold market(s) in the East/China. When that happens, we will see $2,000 or more for the price of gold. Then we will see what a real "Gold Rush" is like with the continuation of the "Bull Market" in gold (and silver). Needless to say, I'm extremely "Bullish" on gold and gold mining companies.
SMResources, Where did you get (or How did you determined) that GYST has "125 million in ESTIMATED TOTAL GOLD RESERVES!"? That's a lot of Gold Reserves!
Thanks, in advance, for your answer.
Large Green, in my opinion, you are absoluty correct and I agree totally. I also think most will agree that were it not for Nate and the "Colorabe Ruling" by THJMW against the SNHs, --- we Retail Shareholders would have been eliminated long ago and there would be no current discussions by us Retail Shareholders about either WMIH or Escrow Shares.
THANKS FOR THE Wonderful DD AND EXPLAINATION(S)!!!!! EOM.
PRELIMARY STATEMENT*
"...it is truly remarkable that thousand of creditors have agreed to forego distributions to which
they are otherwise entitled inorder to permit equity interest holders, and common stockholders specially, to receive significant recoveries".
*Washington Mutual Case# 08-1229
Court Docket# 9665
Memorandum of Law In Support Of Confirmation Of The Seventh Amended Joint Plan Of Affiliated Debtors Pursuant To Chapter 11 Of The United States Bankruptcy Code
Date Filed 2/13/2012 by Weil, Gotshal & Manges LLP.
I stand corrected. GO4AWILDRIDE, you'r correct.
Yes. Unlike the Retail Equity Shareholders in the case of K-Mart, It looks like We Former WAMU Retail Equity Shareholders are going to get what the Settlement Note Holders almost stole from us (but for the Grace of God and Guru).
Peace and Love to all,
The Yogi
Or an easier way: The Ps of $1,000 + The Ks of $25 = $1,025 which is 75%. The Common gets 25%. So 25% is 1/3 of 75% (25%/75%). Therefore, the Commons gets 1/3 of what the Ps and Ks get which is 1/3 of $1,025 or $341.666.
Actually see Post# 401626 by Thundergulch for a statement of the assumptions and the question.
Seet The Previous Post #401627 By Large Green for his basic assumptions (and logic). As he said, "it's simple math". (LG didn't want to do the math for you because he knew that it (the correct (answer) would probably "blow your mind".
The Correct Answer is $341.67 Per Common Share LTI. WOW!!!!!
(If 75% = $1025 then 100% = 1,366.667 (or $1,025/.75). Therefore, 25% = $341.6667 ($1,366.667-$1,025)
Congratulations Large Green, AZCowboy, And Tanjazielman On Your Execellent DD!!!!!
You guys figured it out (and I agree with you totally)!!! I had initally thought that our substantial recovery for our prior WAMU Common Shares would come from WAMU's law suit against the FDIC (both Receiver and Corporate) in THJRC's Court in Washington, D.C. However, as you pointed out, there is not need to continue that law suit because everything has already been previously agreed to/settled by all parties involved. JPMC/FDIC will pay us prior Retail WAMU Shareholders the substantial recoveries in POR 7 that the SNHs were going to steal from us in POR 6. Your explainations of the facts makes perfect sense.
In any event, I just had to give "credit where credit is due". You guys have done a wonderful job of DD.
... Now back to lurking.
POTG EARNINGS PER SHARE: $0.04441 (Trailing 12 months)!!!
Ref. ETRADE