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That’s my take too Owndude. With millions of shares traded it’s obvious something doesn’t fit. We just wait and see. What a game this is. Not selling, will buy more as I can.
Why have 3M shares been traded with no price change? Seriously, what’s up with THAT???? Nuts.
AGREE!!!!!
Me either, holding as long as it takes, adding more as I can.
Like the scenario BBAN
But what if illiquid assets, assets that can produce monthly income, are purchased with WMIH shares so that significant value is added to the stock? There could be an increase in outstanding shares WITH value being added at the same time. And what if these assets add value over time and/or can be be multiplied, so there is growth over time?
I love BBANBOB’s perspective in this post. IMO it’s a fair and reasonable outcome, depending on the numbers of course.
The heck???
It sounds like you are a holder of legacy WMI stock or securities and not a holder of the residential mortgage back securities (RMBS) which are the subject of the settlement that our firm worked on. (Quote)
How do we know there’s a difference? That’s the reply I received months back after emailing the contact on a similar matter. If WAMU was a participant in these trusts, then how can escrow owners not be entitled to them?????????
Hmmm. Very interesting...and I hope that is bang on.
Agree
That actually sounds fair AND reasonable to me, and IMO, that should absolutely be doable.
I mean, does anyone even really trust Kramer???
I don't know about that...
If they hide everything/don't pay fair value for what was taken, then we've lost the country. If we've lost the country, then we're all in a lot worse shape than we can imagine. I'm still holding on to the hope that America is still different and relative law and order still distinguishes this country from others. IMO it is precisely the handling of this case, results at the final gavel, that will tell us what America really is.
Agree. Nice post.
Now that's a good and valid point IMO
Would be so nice to see 'them' posting, after the fact, after the longs hit it, that 'they' happened to time it just right, and they're so very happy that it worked out just as they predicted. It'll be either that scenario or they will just vanish. Like a fart in the wind.
It kind of makes sense.
Think about that for a minute...
One pro for a cash payment to escrows, from the government's standpoint anyway, could be instant tax revenue. On $40B, what might that be, like $16B in tax revenue?
In this hypothetical $40B LT/wmih share example what interests me is the impact the 3.5B authorized additional wmih shares would have. It doesn't seem like $40B liquid LT balance could be handled with wmih shares alone. If there is a $40B liquid asset balance in the LT, then it would seem to me that part of the transaction might have to be cash to escrows. Unless the conversion price for escrow payment via wmih shares is an appropriate multiple of $1.75-2.35, like say $10.
Maybe because he/she believes 'they' don't want retail using that money to increase their position in WMIH?
I can eat crow if deserved. Wonder who else can. Wonder if wmih ends up an integral part of this deal if those with hostile opposition to even the thought of Blackstone + Dell will ante up and admit they were wrong. They'll probably just disappear. Weak.
What securities did u hold at conversion?
I'm not sure anyone wants to sell their shares. Even flippers don't want to get caught with their pants down.
Right!
I don't know. Did the $6.5 BB go to them? Isn't that illegal if we are owners of the same entity they are? Wouldn't that mean they were treated differently than the rest of us shareholders? Won't the BOD have to disclose who received distributions? Maybe a shareholder meeting?
If shennanigans like this, under the table unequitable/illegal payouts, are ongoing, then we've lost a lot more than an investment.
Me too! Right on, man! Super Duper! Great job gang! Here gold, you can have my wmih shares : )! NOT!
How does this impact hf's with their 100's of millions invested in wmih? They goin' down too?
When were the creditors paid? Weren't they owed approx. $7 BB? Was this $6.5 BB paid to creditors or elsewhere?
what do you mean?
That's right. Meant 2013.
No. June 19, 2003 is another significant date to keep an eye on I believe. Then yet another 'date' could be created pending the extension of a 'deadline.'
10's of millions COULD BE making 100's of millions if they weren't stuck on the sidelines.
The hedgies month of March is rolling on down.
Every single hour we wait the HF's with their multi-millions invested wait too, earning exactly what we make.
DO NOT FALL FOR IT, IMO!!!
Maybe the pps doesn't reach $2.00 by month end. Ask yourself, if you haven't already, why are HF's heavily invested in this? Not to lose money. Not to make just $2.00 / share, IMO either. That doesn't bring their investment close to even, and they didn't buy close to the majority of their position after conversion. HF's are in it to win it, IMO. I'll wait as long as I have to because every day I wait, HF's wait too, and they believe IMO that 'greed, for lack of a better word, is good...greed works.' Just considering uq's, before conversion an HF with a 4.5% position in wmih could have had $12MM invested, for example, IMO. The math may not be exact, but it's representative, IMO. HF's are down from pre-conversion too, but they aren't out...and we aren't out either.
I'll wait as long as it takes. 'Things' are not as they seem, IMO.
Civil War General, do you know?
In the past at some point, a point well beyond entering bk, JPMC had not officially signed off on the final transfer of assets/'the deal', if I remember correctly. This left the door open to speculation that assets may have been hidden, but JPMC in the end could sign a deal after paying more for these assets than initially paid and/or purchase WMIH. Did JPMC finally sign 'the deal' they formerly hadn't signed?
If they did, then was signing this 'deal' signing a different 'deal' than POR 7.whatever?
What took them so long to sign it, if they have signed it by now?
Was there $20 BB on deposit at WMB at the time of receiership? How was this dealt with?
Assets purchased by JPMC totalled far more than approx. $1.9 BB one would think, even taking into consideration the 'bad loan portfolio' which has well outperformed expectations if I'm not mistaken. Assets like the value of the ATM machines, the ATM cash, the real estate (buildings and land), etc. Just to name a few. Did someone or some party fail to uphold their fiduciary duty by ramming this deal down shareholders throats?
Other than why haven't 'the numbers' been officially audited?, I have no other questions regarding assets. These questions aren't intended as a response to anyone. I just don't know the answers, and the topic of assets was being discussed.
Taxpayers are funding the the fdic solution to the 'financial crisis', not just a few. 'Crisis' management here resulted in taxpayers being snookered into having their money pried from them by those that ended up receiving it. That's what happened here. Notice those that received tarp etc. aren't parting with it.