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I didn't say you are wrong.....but still, JPM paid $1.9 Billion for EVERYTHING!!!!
What you said...but...but..but JPM did not pay $299 billion, Jamie only paid $1.9 billion for everything...Jamie also said he could have paid $1 for everything instead......THE OFFICIAL TRUTH STILL HOLDS, JPM PAID $1.9 BILLION ONLY, please prove me wrong. TIA
I believe it is you, sir, who is being mislead. If that $30 billion belongs to JPM, their stock PPS would be over $100 by now. Why so that there's no increase to their PPS with an addition of $30B profit?
big players...small players.. don't you forget, remember when TPG invested into WM? you would have never thought a big play like TPG would let WM fall, but seemingly, not only that they let WAMU collapse, they might actually helped to push WAMU down...
imo,the current pps drop is due to the people who have access to inside information knew nothing is to be happening with WMIH in the next 10000 yrs so they took their money off the table for the time being.
you said [What escrows share account owners DO NOT want to see is the P&AA extended into another year as all that does is keep postponing the ending.]
Strongly agree.
you said [I feel comfortable that they WILL NOT extend as I feel that had to be part of what the discussion would have been in mediation. Otherwise, the monies would never transfer if there was not some sort of date, finality with repercussions if not followed through.]
For six years, it seems they don't have any issues with finality nor problems with repercussions if there's any, most likely, postponing the ending has always been the game. So, I do hope to agree with you but I doubted it.
Somehow I have a gut feeling that these 'privileged people' are making deals and getting paid under the table, hence, the term 'no honor amongst thieves'. Just hope and pray that I am wrong.
While I am just a mushroom, the privileged people are the ones who has control, i.e. ownership, to act and generate information for their peers to utilize on.... *ahem...making money.
If they said they are going to pay you next year, then delay for another hundred years, then another hundred years, nothing wrong with that, it's all legal.
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939ESC992 1 P $15,256.32
1525.63%
9393ESC84 1 K $381.41
1525.63%
939ESC968 1 U $35.24
n/a
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I would love to see this kind of returns, but, I think the odds of hitting all the numbers on the lottery ticket have a better chance and higher percentage wise. You do realize you are now relying on crooked people who are good at cooking books and love nothing more than zeroing equity to give you money? Do you?
Unfortunately, there are lots of old folks, retired people, who are trapped here in this long saga. Many may not even get to see the end of this, not to mention seeing any money coming back to them in this life time. Sad.
Agree with LG's logic. Let's not forget that in the history of the banking business, banks rarely lose money. WAMU is a hundred years old business, think of the money/assets it's accumulated over the years(big money LG's referring to?). The big money can't just disappeared or gifted to some entity without anyone noticing it. There's no way something this big can escape Fair and Just.
Doesn't matter anymore, 6 fricken years, still, no results.
"IT IS WHAT IT IS!" Now, please excuse me while I vomit
I wonder how many flippers got flipped out of the game? LOL
Seeking for justice, righteous, compensation, and whatever... Looks like the perpetrators who stole WMUA from investors have won as things are working in their favor by keeping everything in the dark. Stories and tales of their crimes are already dying in the quietness of the dark after many moons have passed.
You might be setting up yourself for another great moments of disappointment. As for me, I am not giving it any dates, I will wait for it to completely resolve no matter how long it takes, it's the only option for a chance for me breaking even and hopefully more.
Ms. Lippy, thanks of a great lesson, I enjoyed reading it. I love history and sad that I will never know enough...
A person who's spoken with such authority is simply amazing. It's like s/he knows EXACTLY what's going on. Personally, unless I am sure of something, I would not make any such recommendations. Without certainty, telling people to sell/buy is bad. It's even worst to tell others to "move on" after they've been waiting for more than 5 years. Without knowledge, opinions and comments would be more appropriate, not recommendation like the blind leading the blind.
"...do you REALLY think, very wealthy, highly educated, very connected people who regularly make investments of hundreds of millions into the billions of "face value" of distressed debt will blow a once in a lifetime opportunity to monetize anywhere from 6 billlion to 35 billion dollars of various types of tax attributes that would cover anywhere from 10-28 years of not paying income tax on monies made? .."
People should be very cautious here. You are right in your prospective but you failed to mention the darker side. Looking at the history of this kind of stuff, those "very wealthy, highly educated, very connected people" you spoke so highly of, often, they scheme to take everything and leave the little guys holding the bag...
Wcatz, thank you for clearing up this for me also. Always appreciate your contribution for telling things as it is without adding any twist...
"AS THERE ARE NO MATTERS GOING FORWARD, THE HEARING HAS BEEN CANCELLED WITH PERMISSION OF THE COURT"
What does this mean? No matters going forward? Really? There's clearly a list of agendas listed below it with status - "The hearing on this matter is continued to a date to be determined." BWTFDIK
Don't waste your time on it, those "Golden Parachutes" have no merits and should be toss out, I don't understand why walrat chose to spend time on it. Even if they have merits, they should be aiming at the FDIC and not WMILT. jmo
Not sure about $50, me thinks that's overly optimistic and a more realistic number lies somewhere in between $20 to $30. My impression of these messageboards is that,
penny-flippers will be sold out between $2 to $5.
post-shareholders are beyond satisfactory with $5 to $10.
As a pre-seized shareholder, my take has always been above $20 and nothing less.
So far, today's trading range is between $1.36 and $1.42. There was a 400,000 trade made at $1.38, I would assume it is a sell order because there's no way you can pickup so many shares near the low of the day. My opinion is that the selling and buying sides are pretty even, that's why the price is not moving. IMO
Seeing green is always good but there's nothing to get excited about. When WMIH gets back to $3/share where it is equivalent to the old WAMUQ of about a dime, then there's something to cheer about.
Oh com'on, I wasn't serious either, have some laugh while we wait. BUT, if we ever dive down to visit $.50/share again, I will be one very p iss off shareholder on top of being disgruntle.
The only problem is that you left out one tiny little detail, a flipper-long's nightmare, it is ...........you might never get to see WMIH at $.50/share again.
This is the kind of game where the underdog never wins, do you not realize? If you are speaking of WMILT and WMIH, they are by far the underdogs, they can't and won't lose, of course, unless the game is rigged and there's...............corruption.
The daily trading volume has been above average for days, it is amazing that the pps didn't move much. What gives?
Regardless of pink or grey and what the flippers have to say, I see no reason for me to rush in to cash out for a penny at a dollar. I guess....... a dead man is not afraid of dying twice.
Thank you for coming here to tell us that you have sold all your WMIH shares, yep, WMIH might go broke again and shareholder will get nothing, I guess everyone here should follow your lead and sell out like you did. Anyway, your post has been very informative and helpful, just make sure that you close the door on your way out and never to come back. Good Bye!
The trap has already sprung, some of us are unlucky getting our foot caught in it. The choices are simple, either sacrifice one of the limbs and walk out or wait for someone to come to the rescue..............it's been five years and only noises, can't really see anything or anyone in the darkness.
I do understand that for the new investors, they owe them nothing, in the stock market people gamble at their own risks. But, as old shareholders whom they claimed to represent in court, they owe us this much, a word or hint from them would be nice rather than depleting the coffer in the quietness of the up coming days, months, or years...
Maybe this helps explaining the WAMU situation, the tactic was derived from the British back in the old days. The way it works and it has always been is that they invaded and take over your lands, if they can't control you, they gave back the lands to you like they said they would, but only to have the land governed by their people, the people they assigned. Now, back to WAMU, I would really like believe there's someone in the WMIH BOD working for the shareholders' interests? But, there's no hint other than the praises coming from the few.....
Sorry to hear that, my condolences to you and your family.........Best you can do for yourself and your love ones is to stay healthy, live happily ever after, and enjoy life to its full potential. GL!
Well, WMI BOD Willingham, Blackstone, S&G, WGM Brian Rosen, Walrath etc. maybe doing a wonderful job of producing results for some people, like hf & penny-flippers. As for me, when I look into my trading account, the value of my WM shares is considerably less than the day of 26 September 2008, the day after the WAMU seizure. So, you can see where my excitement is coming from, if any.
Shall I be screaming - yeah, hooray, keep up the great work, good job people?
"If you are valuing the company based on this unsolicited stock price, which does NOT reflect the NOL's ( at a bare minimum) then you are gravely mistaken.."
This statement has no validity, its claim's worth just as much as how they justify the seizure of WAMU, therefore, it feels more like one of Sierra's predicaments.
As usual, I cannot yet join the bandwagon of the people who are saying and telling - WMI BOD Willingham, Blackstone, S&G, WGM Brian Rosen, Walrath, etc. are working hard for us. It is all about the results, thus far, it's sad to say that their efforts has produced none.
Didn't meant to get you work-up. I was just trying to point out the efficiency our court systems as it might give us an idea of when and what to expect the WAMU happenings. As of now, it doesn't sound efficient at all, looking at progress to be made if any at all, it seems like people who are working to resolve this case are being very incompetent or intentionally incompetent, what gives?
They are not just milking money, they are milking our lives.
Until now, our WAMU case is not just about "the money", it is about "time". Have you read any of these cases lately about
People are dying waiting for court dates, or
People are dying waiting for justice, it is no joke. Besides WAMU, here's an unrelated case just to give an idea, http://www.newswire.ca/en/story/1174865/huronia-2-billion-class-action-plaintiffs-are-dying-while-waiting-for-justice
What bothers me the most is the statement, "Hearing regarding this matter is continued to a date to be determined." After almost 5 years, there's still no schedule to timely resolve these issues, ridiculous! I know we won't be getting any money until resolution to these matters has been made. So, when? Life is short, as it appeared in SHM, there don't seem to be too many 5-years left in some of the people among us.
Although castboy said 20M, I wasn't paying attention to the number of shares they are offering. I believed the 200M number still tied to it, otherwise, how else could they determine the conversion ratio? Why 1:29, why not 1:290?
Can anyone remember, back in 2008/2009, in a court transcription where Brian Rosen tried to ditch all shareholders and told the judge a new company will emerge after bk with offering of $28/share stocks to pay back its debts? I can't remember which court date but I am sure I heard something of this nature. If true, that should give a clue to how much WMIH is worth.
Like many others here, I also believed
WMIH = It is what it is!
WMILT = all leftovers from WM and any court settlements with JPM, Goldie Sucks, etc.