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HOPE all is well and your sails are full
GOODIE
Not sure about where you are but in OKLA there are office buildings, strip malls GALORE that have been empty since 2008-2010
ONCE LARGE 1 COMPANY Buildings have now been broken down into small office suites, so they can get some cash flow out of them
AND THEY ARE EVERYWHERE HERE and sale or lease signs up all over the place
Just like the payout matrix
Personally I just do not understand when looking at everything that ALL BUT CONFIRMS a payout as it was PLANNED, NEGOTIATED and court approved is just BLOWN OFF as incorrect
1. TERMS of the PAYOUT MATRIX itself
2. DIPS Major holdings are in CLASS 19 NOTTTTTTTT CLASS 22
3. Company confirmation on two separate occasions the way ANY AND ALL DISTRIBUTION will be handled and the %'s allotted to each of the 2 recipients
4. That any individual that signed off to participate will participate and ANY INDIVIDUAL that did NOT elect to participate will not.
Now none of this is ROCKET SCIENCE it is just common sense and logic, it was negotiated and became part of the plan (NEGOTIATED CONTRACT) and has been confirmed now multiple times
COMMON SENSE AND LOGIC USE THEM THEY WORK , even if it is AGAINST the way one HOPES it will be , IT IS WHAT IT IS AND IT AINT WHAT IT AINT
Strike
I contend that the VALUE of XOME fits a LOT better under the corp umbrella of the very group that loaned/BACKED the money to WMIH to buy NSM, and they fully intend to KEEP IT and utilize it when the market/economy crashes and foreclosures go back to the times of 2008-2010...............
The next crash is imho going to be a HUGE COMMERCIAL PROPERTY VALUE CRASH, it was not addressed in 2008 and any can look around where they live and see many of the very same buildings sitting empty as they were by 2010.............................AND far to many during the low interest rates era MANY IMHO got in over their heads in the BIGGER HOMES they bought that they could BARELY afford to buy, BUT can not afford to pay the UP KEEP !!!! Insurance UP HUGE, TAXES UP HUGE, :ELECTRIC/GAS ect up huge...............
SOrry but a major major correction(CRASH) is coming to all sectors imho
WHy is discussion and debate considered by many as arguing?
Discussion and debate can cause one to WAKE UP and smell the flowers and see things they may not have ever considered before.
IF all agreed on everything in the world , NOT ONLY would it be very boring and nobody would ever learn anything new or see things through another persons perspective or view.
Just like the payout matrix that is brought up by one in almost ever single post.
Personally I just do not understand when looking at everything that ALL BUT CONFIRMS a payout as it was PLANNED, NEGOTIATED and court approved is just BLOWN OFF as incorrect
1. TERMS of the PAYOUT MATRIX itself
2. DIPS Major holding are in CLASS 19 NOTTTTTTTT CLASS 22
3. Company confirmation on two separate occasions the way ANY AND ALL DISTRIBUTION will be handled and the %'s allotted to each of the 2 recipients
4. That any individual that signed off to participate will participate and ANY INDIVIDUAL that did NOT elect to participate will not.
Now none of this is ROCKET SCIENCE it is just common sense and logic, it was negotiated and became part of the plan and has been confirmed now multiple times
COMMON SENS AND LOGIC USE THEM THEY WORK , even if it is AGAINST the way one HOPES it will be , IT IS WHAT IT IS AND IT AINT WHAT IT AINT
STRIKE
""" if that in fact actually happens""""
I question IF IT CAN HAPPEN UNDER COOPS control/authorization .
79.99 in pre market GO COOP
LG
AGAIN NOBODY ON THIS BOARD is as SMART as the group of lawyers that work for these big money BOYZ and darn sure aren't as capable in the arena of law as they are.....SOOOOOOOO I'll put my bet on them knowing more than any here KNOW about the GSA/POR especially since THEY IN FACT WERE IN THE NEGOTIATION TALKS to create the POR/GSA
Mufa
And again another point TEPPER SAVITZ BONDERMAN and the UW's lawyer are a heck of a LOT SMARTER than any of us on these boards and see where the aligned themselves in the different flavors here..............................................AND IN FACT SOLD OUT OF THEIR COMMONS in WMIH but ONLY AFTER they had gotten their legacy shares, so they must all be idiots right! WRONG
MUFA
DON"T GET ME WRONG they can, but I CAN also sue someone because they have red hair, BUT DON'T MEAN I WILL WIN and won't spend a ton of cash doing it
ANd TEPPER SVAITZ BONDERMAN have enough money and money at risk if this doesn't go down as agreed to, THE WILL SUE FOR US ANYWAY
IMHO
""Or could it have really been because of the JUDGES view that since they got caught for IT, that she would penalize CLASS 19 by allowing "" ALL CLASSES TO PARTICIPATE in CASE THERE WAS NOT ENOUGH TO GO AROUND"" with the APR in place ????????????????????????????????
ORRRRRRRRRRRRR could it have been
THAT THE JUDGE WAS OF THE OPINION THAT THE DIPS MAY HAVE SEEN SOMETHING SHE DIDN'T SEE and WOULD MAKE SURE THEY DIDN'T GET AWAY WITH IT
"""WHO KNOWS imho neither of us do for sure"""
I sure wouldn't risk my pinky finger on it would you????????????????????????????
LG
As we have talked about 100 times over
LG
a LARGE GREEN BINGOOOOOOOOOOOOOOOOOOOO on that one
RON
""Removal of APR was do to the Retained Earnings of the February MOR""
Or could it have really been because of the JUDGES view that since they got caught for IT, that she would penalize CLASS 19 by allowing "" ALL CLASSES TO PARTICIPATE in CASE THERE WAS NOT ENOUGH TO GO AROUND"" with the APR in place ????????????????????????????????
One needs to look at both sides of the coin and she SPANKED CLASS 19 and caused them to give up 25% to a Class that never should have been allowed to participate ""UNTIL CLASS 19 WAS PAID IN FULL""'
This is why I suggest ya can't have it both ways, cap in anyway form or fashion CLASS 19 and then allow only U's to inherit the bulk of the estate, this would send the MARKET FOR PREFERRED INTO A TAIL SPIN, just like the BONDS WILL BE paid somewhere down the line or the BOND MARKET would freak out as well.
Hey bud the clock aint at zero, so lets sit back and see how the game ends, you may be right and then again ya may not be, WHO KNOWS imho neither of us do for sure
RARELY are a COURTS signed orders over turned, AND ESPECIALLY WHEN IT WOULD BE BACK IN THE SAME COURT THAT ISSUED and SIGNED OFF ON THE PLAN
AND GOOD LUCK WITH THIS TOOOOOOOOOOOOOOOO,
I belive regardless whether you signed or not, you will still get pay,
as that WOULD INSURE A LEGAL MORASS to take place here and the JUDGE will not allow that...........
And imho it would be headed up by TEPPER SAVITZ and BONDERMAN oh and throw the UW's in there as well........
Contracts and their conditions when negotiated settled and signed off on by the court IMHO WILL NOT BE OVERTURNED, but instead UPHELDDDDDDDD.
Simple legal outcome
Mufa
ALL I can or will say is DIG REAL DEEP INTO ""YOUR POCKET"" or ANY that decide to bring suit, since there will NOT be a LAWYER ONE imho that will take this on a CONtengency, but they darn sure will take your money on retainer..............................PANDORA's BOX imho will never be opened on this thing
Plain and simple ALL HAD the same payout MATRIX INFO and CONDITIONS basically PUTTING ALL on a level playing field.
LG and I discussed many times WHY THEY OFFERED UP the payout matrix and said YOU EITHER SIGN OFF to participate or you get nothing............
THEY HAVE COVERED THEIR REARS IN OUR OPINION...................
GOOD LUCK if you so decide and your case will be short and sweet, about 10 mins before the JUDGE DISMISSES IT, OH and you DO realize you would be in front of THJMW right
ONE DAY !!!!!!!!!!!!!!!!! I just hope we are all still alive
I'll be as happy as a pig rolling in poop
Didn't say I WOULD ROLL IN POOP
This is the whole problem with what is being discussed, PEOPLE DO NOT READ WHAT IS WRITTEN, THEY interpret it THE WAY THAT THEY WANT TO SEE IT or read it
I have always told RON and AZ that we agree on the important things, there is money left to come back here and all will be just time no matter how it ends up.
But I also say that we are gonna have to agree to DISAGREE on just how it comes back and who ends up with the bulk of the estate.
Again if 13%(12.7) of face comes back here, I am made whole plus some bank, so if 4.6 X's face comes back to P's and face to K's I'll be as happy as a pig rolling in poop and even with the few commons I have if if if they get the bulk I'll be happy as well..............................Gonna be real hard imho for me not to count this as the best ROI I have ever pulled on a large scale, SO HURT ME
But I just don't see how DA BOYZ would have negotiated themselves into a subordinate position to commons, just doesn't make sense to me.
Goodie
"" they SNUCK into the P line"" hehehehe with a little additional help by not putting the stipulation on the JUDGES DESK for her review, OH and that was the only stipulation out of 49 that DID NOT MAKE IT TO HER DESK FOR REVIEW, HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
One then needs to ask themselves WHY THEY DIDN'T JUST stay in CLASS 22 if CLASS 22 is gonna inherit the bulk of the ESTATE and CLASS 19 will only get a fixed payout rate...
I'm SOrry but you can't tell me the UW's lawyers would have missed such a BOBVIOUS choice as it has been suggested here, ALSO they had almost a whole additional yr TO CHOSE where they WANTED TO BE and to STUDY the plan .
One then would have to ASS/U/ME that their lawyers missed such a BOBVIOUS choice since some little ol message board LEGAL EAGLES have been able to see it.
It just make no sense to me that they would have missed something that is supposedly SO OBVIOUS to some
COMMON SENSE AND LOGIC USE THEM THEY WORK
Mufa
""they can go and sue for fraud .""
WHAT FRAUD ??????? the POR /GSA was done the way it was as a COVER YOUR REAR TYPE THING imho.
They told all up front the payout matrix (CYA) and they told all you either elect to participate or you do not(CYA)
Now sure they can sue because of anything but they would not win.
If they went into court imho the judge would make quick work of them by simply asking, were you informed of the payout matrix and that if you did not elect to participate that you would get nothing, their answer would have to be YES I WAS BUT, the Judge would then say there is no but and case dismissed. imho
RON
IF ALICE had the right to offer or not, the UW's had the opportunity to move to the only dilution allowable CLASS which was class 22. WHERE THEY were ONLY SUPPOSED TO BE PLACED IN THE FIRST PLACE
""Alice made up the Class 22 offer to the Underwriter’s.""
You do NOT know this statement to be FACT at all, so looks like you may be making things up don't it
AZ
curious why NO COMMENT ON THIS VERY IMPORTANT FACT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
""
"""6) The UWs challenged Alice for almost three years fighting her to STAY OUT of CLASS 22 for a reason as the UW's lawyer advised Alice they did not want class 22 because they do NOT SEE the case the way she does....this should tell one all they need to know about value BECAUSE the UWs could have selected class 22 as late as the year of 2020""
THINGS THAT MAKE ME GO HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
AND TWICE
HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
Crickets I am sure since it is really hard to dispute this and several other FACTS AINT IT
OR YOU CAN ASS/U/ME that the UW's and all of their lawyers are just IGNORANT LACKEYS, but ya can't since they WERE AND ARE THE BEST OF THE BEST
LG
"""6) The UWs challenged Alice for almost three years fighting her to STAY OUT of CLASS 22 for a reason as the UW's lawyer advised Alice they did not want class 22 because they do NOT SEE the case the way she does....this should tell one all they need to know about value BECAUSE the UWs could have selected class 22 as late as the year of 2020""
This bullet point alone SHOULD SHOW all where were the value is OR AT LEAST WHERE THEY PERCEIVED IT TO BE
ANd ifin it had been discovered like some here thinK they have discovered WHY DID THEY NOT JUMP AT THE CHANGE to get into class 22???????????????????
Not to insult any here but anyone that thinks they are sharper and smarter than the CLASS of LAWYERS that the UW's had at their beckon call, SORRY but they are sadly mistaken
THINK !!!!!!!!!!!!!!!!!! COMMON SENSE AND LOGIC USE THEM THEY WORK
JHD
""And you are saying no 75/25?""
I believe that YES he is stating that there is no 75/25
I only have 3 problems with that
1. It was REQUIRED AND negotiated and court approved 75/25
2. THE COMPANY came out in an 8K to confirm the 75/25 to QUELL MESSAGE BOARD MISINFORMATION about it and state the payout MATRIX is as follows 75% to PREFERRED EQUITY and 25% to common equity on any and all returns.
3. Then they issued a PR stating the same..........
SO IF IT has/had NOTHING to do with the ongoing plan what so ever, WHY WOULD THEY TAKE THE TIME TO DISPEL mis information on a message board THEY BOBVIOUSLY WERE MONITORING
COMMON SENSE and LOGIC USE THEM THEY WORK
HAs anyone taken ALICE'S advice and taken the matrix payout part of the plan to a LAWYER and had an opinion letter written on it??????????? SKEERT ????????????????????
NOPEY THEY AINT as far as I know
I have 3 irons in the fire currently if one or all three hit, I WILL NO LONGER BE IN THE MARKETS
KNOW WHEN TO HOLD AND KNOW WHEN TO FOLD are very WISE WORDS
XOOM
DEPENDING ON WHAT YOU """HELD"""" imho AZ napkin math is WAYYYYYYYYYYYYYYY WRONG
In this case
THE MEEK SHALL NOT INHERIT THE BULK OF THE ESTATE
SOrry but I WILL say there is lots of money and ALL WILL BE JUST FINE
HERE SHE GOES AGAIN
Coops is up nicely in PRE MARKET
I get it
I've always said WAMU was sacrificed to save JPMC and the worlds economy OK BUT NOW YA OWE US SOMETHING FOR THAT.
BUT YA OWE USSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
But the question is DOUBLE WHAT DR "A: 86 bill or the 299 outside the pie chart or the 635 bill we had in loans in force at the time, which when paid out would have been about 2 times that amount
FRED
""" ASSET CLASSES are all going to DROP, and have been dropping............and we are saving ourselves from ourselves, by waiting..............."""
Guess what EINSTEIN ..
Land aint dropping and that is what I want to buy, screw the markets, I have 3 hopefuls in the markets IF IF IFIN THEY HIT , POOF I AM GHONDI
JWW
CARE TO SPLAIN THIS or just ignore it
""I still have a problem with the company suggesting this has an intrinsic value of a billion $$$ but, it seems to be missing from their books""
WEAK MY ASS told ya they needed to bring suit YRS AGO and your answer WAS THAT CAN'T BE DONE !!!!!!!!
Now ya want to tell us all IT CAN BE DONE, sometime I wonder if ya even have a mind to make up
MAKE UP YOUR MID FREDDIE
JUST A KOWINKIDINK RIGHTTTTTTTTTTTTTTTTTTTTTTTTTTTT
anyone wonder what is in allllllllllllllllllllllllllllllllllllllllllll those other boxes
HHHHHHHHHHHHHHHHHMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
JWW
"" like a sale or spin-off,""
BY WHOM
I still have a problem with the company suggesting this has an intrinsic value of a billion $$$ but, it seems to be missing from their books
955
IMHO the 41.6 is the closest we will get to RICO !!!!
NOW imho there will be financial considerations given imho for the 41.6 but seriously doubt they will be any where near treble damages
Now all we NEED FRED IS THE DRY POWDER
Why (I've) we've waited 16 yrs so whats 16 weeks or so more lol
And yes ya know I wish it was already done
In about 3 months it has gone from 61 to now sitting at 75 sounds pretty good to me