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Commoner it is really very simple. I dont know what the burn rate is of the money we currently have lets say best case scenario 300M. What do you think it will happen if the BOD keeps expending money, the market makers keep playing their dirty games and the shorters keep driving the price down. If there is no business and WMIH doesnt have any revenues what do you think is gonna happen to this stock? How do you know these people are gonna be able to cash the NOL's nothing is written in stone. If they found a way to makes us sign waivers and to let JPM keep all the assets why would not they find a way to cheat us out the NOl's. Even in the best case scenario we might get half of the value of the NOl's. Lets assume we get half 4B about $20 pps but wait you can't touch that you are not allowed to sell They make a few wrong decisions and you'll find yourself at $10 pps. If your are here to make a few bucks fine but if you are here to become the next millionare there are gonna be a lot of broken hearts in this forum.
Listen, the only truth right now is that the BOD and willingham are getting paid for sitting in those chairs. The accountants and anybody else associated with this lucrative cow is also getting paid. They are not in any hurry to do anything they are getting paid to do nothing. They are using whatever money is left on the state and guess what they get to use it as they please. Well if you are using resources and there is no money coming in do you really think the pps will go up? These people are doing exactly the same thing Hochberg ans Susman and associates did, they are taking advantage of the situation for their own benefit. If you think they care about what happens to WMIH I pitty you....
Hard to believe but some hard headed folks still dont understand that they have been cheated and have accepted it for a promise while others have gotten rich at our expense. But hey its ok BOD is doing their best i guess, remember there are rules the BOD can't brake. They can only do so much to protect our investment. I'll tell you if JPM has any hidden assests we have already lost them I don't think these guys are competent enough to fight for us or may be they are but JPM is persuading them not to Here is my prediction for the rest of the year expect more delays and you can take that to the bank....
Chiron your my hero at last someone with common sense...
hahahaha I would not doubt it... Im gonna mark your post. But the may be this board will not exist or I would have more important things to do
Dragon, I have been hearing the same old story for the last 3 years "no that will never happen" we are golden" Give it a rest. If these guys want to spent more money on this donkey so be it. Im not losing one more cent on this stock. I lost enough and now Mary is having a good time at my expense.
Wow!! I can't believe you guys are willing to lose more money on this sucker, you must be rich. Me I think I'll wait when is in the teens. May be then I will buy some..
Monica this is not new. A while back Bubba Southa said it best "Our arses got sold down river" and he was right. He also got a lot of grief from the board for telling the truth.
Aalt I said before the BOD allowed us to be listed and I was attacked because apparently the BOD doesn't have the authority to make those calls and they are doing a superb job . I say its bull crap the BOD should be hold accountable they should be there to protect our stock they allowed it to be listed and well you know the rest. Anyways don't mess with the BOD cause the want to be gurus in this board will scratch your eyes.
The rules are made for the rich the rules su ck. The rules can be bent by the rich very easily the poor always loses. There is no justice in this country, just who has the biggest pocket. CASH IS KING!! and corruption is everywhere. The rules should be change in favor of the small guy but that will never happen because those same rich @#$%#rs are the ones making the rules....
I bet when the pps is in the teens you won't be so happy because the potential is not going to prevent this stock to drop even lower. Sorry for the bad news...
Catz I understand what you are saying and I agree but you are missing my point. I know noone twisted my arm to buy this sucka it was my own doing and I stand by my decision good or bad. My point is that I dont know why people are still saying this is a good company that anyone can profit with because its new and has no debt. Quote "Now we have a good investment what we need is a good plan". I call it the same old BULL%$#@. The fact is nothing has changed and I bet 90% of the people here including the ones that are talking good about the new company have in their account a negative number if you bought before the fact. I know the old is not the new so what. Listen, I don't know if you guys know this but only about 5% of new startup companies ever make it to the top even having a better budget than WMIH. You are all counting on the NOLS but the thing is you gotta capitalize on that and so far I dont see anyone on the BOD working hard for that to happen. In fact they listed us in the pinks right away makes me feel they are incompetent. Another fact and not coincidence a lot of people that are in BOD have ties with JPM not to include Willingham who sold us out to have a a front row seat. Everyone is entitled to his/her own opinion. Iam tired of all the crap and delays in this case and the fact that our representation forced us to relinquish our right to sue and gave us a deal that we still to this day we not know what the details of that deal are keeping us in the dark really pisses me off.
UZ you seem to be very happy and optimistic about a company that is unable to keep its share price. You mean to tell me this income that you mention will avoid the share price to keep droping down into the teens. Do you want to bet on that? There are a lot more profitable companies outthere with a better book value than WMIH and I have seen their share price go down to hell. SO like I said I have heard this stories many times before for the last three years but we always have the same outcome what makes you believe this time will be different. Please give me something tangible so that I can believe what you are saying. Those numbers of yours dont make me jump high with excitement and I love to be excited.
Biz no ofense but I have heard that many times over the years. In other words I dont believe a word you are saying....
This is just another bull$@%# example that does not make any sese to me. You are telling me that preferreds cant have that money if equity is wiped out. So they will use equity to get payed and then give equity the shaft. Does anyone else see something wrong with this picture. Just another example of greed among rich people. Common folk are always taking risk to get a small piece of the pie while preferreds never take any risk and get to keep all the money even at the expense of the common folk. Why do we allow this to happen. The common folk need to mass in numbers and make this rich folk pay for their abusive behavior.
Radium we get it there is nothing new to talk about here and there will be nothing worth to talk about until September when the Judge delays things again. Then we talk about how unfair the delay is to us. If you want we can go pack our things say goodbye to IHUB and enjoy the summer We will see you back in September. Is that ok with you?
WOW!! You have to give credit to these thieves. They manage to force everyone into giving JPM a waiver of Liability giving them immunity and it cost them nothing or what appears to be 0.3 cents/share company. They get a free "out of jail card" and still get to keep things like tax refund and interest on the 4B and countless assets. Now can someone else explain how the hell did that happened? Can you unmistakenly say the lawyers and EC were looking for our interests? Im still baffled how this judge said this is fair and reasonable and not give a sweat thinking what may happen if she gets caught....
I rest my case
That is not possible and does not make any sense at all, actually it defies common sense. The split already happened I used to have 106,000 shares and because of the stupid 75/28 split now I have 3,500 shares. You mean to tell me that I have to diluted my shares even more for the benefit of prefereds you are totally crazy. Stop confusing people. Now if you are talking about giving me 25% out of my original 106,000 shares then I say fine because is the same @$%#^ thing. If you want to pay me $1x 106,000 or 3,500 x $30 is all the same to me. Please do not try to mess with me Im saying tomato u saying tomahto. When are you guys gonna learn the split already happened we are all EQUAL now wether you like it or not.
The problem is the government and all related agencies and affiliates went thru a lot of trouble to save JPIG and everyone is protecting them now. Do you think they will let anyone put that in jeopardy. Let me tell you what is going to happen. The same thing that has always happened this case will be pushed back over and over again umtil people just sell give up or forget whatever happened here. They cannot afford any leaks or any huge amount of assets to appear all of a sudden. Remember all the secrecy in chambers, confidentiality agreements and blacked out documents. They already knew the outcome of this case they were just playing their parts plain and simple. I always knew Walrath was a crook but her giving us hope and then a chance for mediator I thought I was wrong. Yeah she played me and I felt like a donkey. This case will never go to trial in higher court either if it ever does which I highly doubt it will be a charade just as this one to make you believe they did their job and assure you justice was done. Yeah I know better.
How much you want to bet they will find a way to cheat us out of the NOL's too ( so many ways and so many possiblilities)especially now that the BOD does not have to give us any explanations for what they do with the company. Everyone that sided with JPM got something the rest got the shaft. But I have to say I got smarter I bought JPM stock three weeks ago. Better luck next time but I doubt it. One thing I learned from this ordeal is "Always go with the flow never swim against the TIDE you most likely drown".........
Where is that document that was filed against Hochberg, that was very juicy stuff. Although I dont think it will help us now noone is going to exhume the body. I looked around but can't find it anymore. Anyways I wish him and Walrath end up in jail. I gladly give up my earnings for that to happen
Continuity you know how many times I heard the same old song. Next week fireworks. Next month we get LTI tomorrow will get this and that. Next year will be over and we'll be rich. Common who are you kidding? Change the tune Pal.....
Hey dude how do you know the new company is going to capitalize on the NOL's which is all we have. How do you know we are not gonna get screwed again like the hundreds of time we have gotten screwed before. What about if someone $#%@& up again and the maximum value of NOL's is not attained? After all that has happened can you garantee we are not gonna get screwed one more time? Did I said screw too many times?
Listen I have been listening to this story for far too long. All these excuses, explanations, hopes, dreams and so on are tiresome. Just admit we got played by Rosen, Walrath, Willingham, Hochberg Sussman and team and there is nothing that can be done about it. The BIG PLAYERS have it all under control now as always and they will screw you any time any way they want. Sad but true so please let the hope and dreams fly away. It is pathethic to be listening to same old stories for 3 years. Sorry in advance if you don't like what I said...
There is something very wrong with my escrow account. It hasn't been funded yet. Bond and Monica what's going on, should I call the broker and complaint?
My take is that you are wrong this poppy will continue to go down. Common, we have been here before remember?
Ranger, when you have inside info and a big stash of cash to keep playing your dirty games somewhere else you have a lot of time to cheat others from their money because they have a lot of time to burn and make things go their way. All that is happening stinks pretty bad and the fact that there are a lot of people in the BOD that had previous ties with JPIG makes me very unease. Not counting that Willingham seems to be very happy with this deal which we know nothing about and has given us squat. I was optimistic at the beginning because Im pretty sure there are hidden assets besides the ones they have already stolen. The problem is I don't think these people (BOD) are gonna dig or try to find anything that might hurt JPIG because they are on their payroll. Of course some of you might say this is just my opinion which is true. But I will tell you something there is nothing Kusher about this whole 3 year ordeal. Everyone is watching out for their interest and that includes helping friends in high places. My advice is do not sell at a loss that stupid if you have been waiting here for three years like me. I would not buy either after seeing all the MM"s bullshit they are not going to take my money. The only way I buy is if I see this under 10 cents which may or may not happen. I don't trust anyone anymore be careful of them vultures outthere!!
Wrong move!!, sorry but this is going down before it goes up. You should have waited till it hits the 10's
Please let it go down to 10 cents so that I can buy a more than a few..
the scottrade account has two accounts the new and the old shares but the account in Spain only has the new converted shares that still show no value but does not show the old shares Am I in trouble? Anyone abroad has the same problem?
Looks like Lehman is paying creditors around the 17th same time frame as wamu!!
http://online.wsj.com/article/SB10001424052702304356604577337862433054558.html?ru=yahoo&mod=yahoo_hs
I hope you are right, but would not have been easier for JPM to give equity our tax refund to pay us $1 for the old shares. They would still have made money on the deal. If the seal documents and insider trading was so powerful why settle for peanuts? This is why Im doubtful we get a big payday. On top of that we dont know any of the specifics on the deal that was made may be we never will.
Hey Voodoo, true is not a loss till i sell and true i was holding for the gold but Im so pissed off about this deal and what bothers me the most is that they are keeping us in the dark, I bet everyone upper level management knows whats going on except us. we still don't even know what we signed for? And now this BOD decides whatever they want with the company, its complete bull..... What is the purpose of keeping us in the dark?
If I had sold that day at 70 cents I would of taken a profit of $32,000 but I got greedy and now I'm down -$7,000 It was a mistake that will hunt me for a while. I should have sold or at least take some profit I was stoopid. Now I have to wait like everyone else to see if this piece of sh it goes up to $3 to recoup my investment.I don't understand why Sussman didn't go after the debtors they are the only ones who ended up well and screwed equity. Thas some major bull sh it....
Is this still ours or JPM's?
http://en.wikipedia.org/wiki/File:Seattle_Washington_Mutual_Tower_2004-08-30.jpg
I don't know what to believe anymore. One thing is for sure JPIG and FDIK have made it very difficult for us to get any recovery. I don't think they are willingly going to make it easy for us to receive anything even if there are hidden assets. Hochberg was probably paid to look the other way what makes you think the BOD will look for those assets? These people may be working for JPM. I was very optimistic at the beginning but seeing how the BOD started trading WMIH right away and are keeping us in the dark I think we gonna get fuked again.
Voodoo so you also think this is true we might get 20B distribution? Also what is the deal with the BOD aren't they required to give us detailed information about what the settlement was and what we got to give away releases. I don't care if they want to keep quiet, they made us signed a deal and we should be entitled by law to know what that deal was? Or can they keep us in the dark and do what they please?
Because Willingham and his BOD friends want to run this to the ground they sold our arses before and they will do it again. They have probably been paid off and taking orders directly from Demon
If they offer $3 that means I would be braking even, there is NO WAY NO HOW I will accept that after more than 3 years of waiting I prefer to write it off. They will not take my shares on the cheap I REFUSE..