Sweet I have 90 cents pending in fidelity.

The reason I received was because they have no value at this time

Having the same problem with fidelity

Apologies for the rant.
In regards to the site, at this point I am only curious as to how much we paid for it and to whom.

wmiholdingscorp.com

Its not exactly junk...it is super basic, a template, probably over priced, and not worth the effort. Why even do it at a quality level that doesn't inform current shareholders and sure isn't attracting any new ones?

I get why there is little communication and why we cannot have more communication about business plans especially. But this? I would love to hear the distinguished members of the board explain how nobody had a contact or understanding of a how to put up at least a visually professional site. BS, these are smart, connected people. We only have a handful of board members and employees so whomever is responsible for the site is a complete and total idiot or it was intentional. Or both.

You are assuming this POS site was not high cost? I am assuming, based on history, we paid ridiculous, maybe irresponsible, amounts for it.

I didn't expect a lot with the site, but...my six year old can design a better site than this with wordpress. Literally. I am only frustrated because this is a $500 website max, and I am sure we found a way to be gouged and milked on this one too.

Ummm...so basically the entire content of the website is the picture up in the ibox and the information that has long since been posted here. Under contact us all we get is a phone number, no email, no address, no real person. So I guess the website is meaningless.

We could look at it the other way too...If I don't get paid I am not going to do my job.

Lets hope they have simply been silent about what they are doing versus actually doing nothing.

You are correct BK, I was still reading the Tepper 13G wrong. Greywolf was nice enough to clarify their aggragate right at the top.

It might be interesting, who knows. Something to keep in mind, essentially two large hedgefund groups control more than half of the shares. While they may not be best friends, they both like money that grows and thus will likely work together to that end. We own the same type of shares that they do (for now), so we go where they go. Our votes are nothing except symbolic, so by all means, show up and wear your T-shirts.

Wow that was a painful read.

I think have been "out" for quite some time. I think it had been widely discussed in the past.

Apparently they did, or there is more than 100% ownership of the company. Perhaps they didn't sell their shares? Perhaps they were erased or cancelled in a way that would not require filings. While I tend to agree with the logical DD crowd, I also know ANY argument can be made by attorneys for that flex and bend the rules gray area, especially when you get two or more together in a room.

Quote "I don't believe this would indicate that there is anything to the suggestion that the HF are "moving to get WMIH by March" "

Hopefully these filings remind everyone that the HF already have WMIH pretty soundly. They don't really need to get it from a governance standpoint. Only time will tell their intentions, which as a general rule are not favorable toward small shareholders unless it benefits them.

AIMO, the outlook isn't great for us. But holding till end anyway.

More like 570 million (all of the Tepper funds not just Apoloosa).

Not trying to be rude, but this has got me worked up. If you read my posts a little closer I said Greywolf and Tepper are well over 50%, and they are.

Kinda scary

I will also take a look at bylaws again if I have time, but I am not sure they need permission to buy more if they were already above 5%?

Apoloosa, Palomino, thouroughbred are Tepper funds plus he himself owns 8.47% Is that not what is says?

68 million shares plus for Tepper and his funds, I don't think I double added anything.

I just did still 8.47x4? 33.88?

Yes, but I didn't recall Apoloosa alone at 34%

And there you have it. Greywolf and Apaloosa safely own the majority of shares in WMIH. AIMO, as I read it. Game set match, NOLs are their's. Maybe a new company? Maybe all part of the settlement?

So these numbers would not necessarily reflect all 4Q12 purchases of additional stock? Interesting.

Would this form indicate only new share aquistions or existing shares too?

By my count Mr. Tepper owns almost 34% of WMIH. IMO, This is really good or really bad, doubtful it is in between.

I couldn't help it

Very cool, thank you for the effort and time.

Silver Lake and other pension funds noted too. How ironic would that be if all the wild and crazy speculation of late were true? Just saying.
The pragmatist in me wants to think it is just another unrelated example of how connected they all are.

TPG and Chase involved...Maybe just maybe

http://money.msn.com/business-news/article.aspx?feed=OBR&date=20130114&id=15991900

Because they already own the large majority. And many of the rest of us have no interest in selling. There are a few flippers and even fewer sellers.

I can't say for sure on the exact date, but "someone" will likely purchase this company (versus years and years of mergers and acquisitions). Someone is Chase, always has been. Nice little write-offs to offset losses. That way Jamie D gets to eat his cake and have it too.

I mostly agree...the debtors had the leeway and to structure the deal how they wanted.
However for our judge to have allowed a GSA/POR to finalize that was partly negioted by parties with colorable IT claims, and same parties that did not have the best interest of the estate in mind...a case could be made for incompetence, possibly fraud and corruption. Shameful.

Thank you, that is an accurate and simplistic way of looking at any LTI distributions.
I have a similar cost basis and agree that $200 million coming to equity is a practical amount to hope for at least early on.
Many people seem to forget that this "investment" was a huge gamble, and we beat the odds, despite the best efforts of the examiner, the sort-of-a judge, evil BR, and the rest of the machine. Not only do we have the new shares that have the potential to grow, we have a good chance at some recoveries to our lifelong escrow accounts. One perspective might be to say that we are still alive and fighting the same battle, definately not zeroed out.

Why would they want to artificially prop up the pps by taking action or trying to halt it. Until there are plans and financials communicated over time, this is what its worth. Unless someone has to buy or sell right now, price doesn't matter anyway. Been here too long to ever sell so I will wait and see and hope youre wrong. Good luck an AIMO.

No waiting period, could have been done on day one post emergence in theory, albeit with possible penatlies.

Jamie Dimon told WAMU he was going to beat them with a big stick. He picked up a stick and showed it to them, before beating them with it and taking all of their stuff. When the police arrived, Jamie again beat WAMU with the same stick, causing the police to assess restitution on WAMU to JPM for not knowing their place and causing the whole situation. The change that fell out of WAMUs pocket while they were getting pummeled is what we picked up. And now today, Mr. Dimon has enshrined that stick in his office with an engraving that reads "Suck it Seattle. I win."

Before you jump to conclusions about my post, think, read my history etc., and know I am just having a bad day.

uz has good advice. And I think you make a good point, but until the man with deep pockets finds a semi-sane attorney to get the ball rolling on a class action, here we are.
I did not invest more than I could afford to lose, so I will let my WMI and escrow accounts sit until I am made whole...or not. GLTY

Yes sir, and I will keep my word. GLTY