Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
24B is just the start bob.
There will be many more b's to come over time as illiquid assets are confirmed and sold.
The $24B should hit pretty quickly IMO.
Thanks AZ for your continued input and dd.
Its certainly understandable that some are skeptical or concerned as more and more time passes but if they have read the docs they should know we are golden. Question is did they release or did they ever have the chance to release?
Those who did will be very happy once this all unfolds.
May 1 is the next LT release date if they are ready for a distribution. Then the SH meeting may have some interesting news. I too believe we are close to a major event.
scrivener - escrows will happen sooner than you think.
NO WAY Tepper and boys wait till 2018. Time is money and they have FAR more coming back than the lowly retailers like us.They want it! If Hillary is indicted and Bernie the 90% tax man cometh, they will not sit back and take that chance.
I say once things start to happen it will be an avalanche. Good things coming to the patient escrow holders soon. Anyone listening to the relentless JPM shadow?????
We are very close to something breaking wide open. I thought it would happen in Feb but surely we are close.
Now, what is it? M&A, escrow release, or a combination. My best guess is a combo.
Those who own JPM will not be happy, though they will not be impacted much in SP. and those who own WMIH will soon be extremely happy as they are rewarded for their patience and holding of breath.
May 1st could be very interesting. maybe sooner.
Now that bonds are paid the door is open.
All is in place. Relax.
JPM isn't the only one raising massive billions in offerings now.
GS, Wells, and others have suddenly been doing this.
Gee you'd think there was a 50% fire sale on assets coming along that they are all lining up for. Wonder where those could be coming from. Hmmmmmm.
Congratulations to the patient longs and escrow holders.
The BOD may be voted out next meeting.
I think they know it too. The hedgies as well as retailers will likely send a strong message this time around.
Time may be up for the BOD.
I have my doubts but many are saying the meeting will be the first Alamo for this company.
Shaking out the weak hands.
The big boys gobble up any available shares as soon as weak hands sell them. That's why they are rich.
No way will this take 2 years scrivener.
I know it MUST be resolved by then, and you said "max", but.
These guys see the world in crisis and want this resolved. It will be sooner than most think.
Why the $25B notes offering by Wells? Hmmmmmmmmmm.
Very interesting.
WELLS FARGO & COMPANY
MEDIUM-TERM NOTE, SERIES K
Due Nine Months or More From Date of Issue
Notes due February 3, 2031
This Security is one of a duly authorized issue of securities of the Company (herein called the “ Securities ”), issued and to be issued in one or more series under an indenture dated as of July 21, 1999, as amended or supplemented from time to time (herein called the “ Indenture ”), between the Company and Citibank, N.A., as Trustee (herein called the “ Trustee ,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series of the Securities designated as Medium-Term Notes, Series K, of the Company, which series is limited to an aggregate principal amount or face amount, as applicable, of $25,000,000,000 or the equivalent thereof in one or more foreign or composite currencies. The amount payable on the Securities of this series may be determined by reference to the performance of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities, commodities, currencies, statistical measures of economic or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure or may bear interest at a fixed rate or a floating rate. The Securities of this series may mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated in different currencies.
Article Sixteen of the Indenture shall not apply to this Security.
The Securities are issuable only in registered form without coupons and will be either (a) book-entry securities represented by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated securities issued to and registered in the names of, the beneficial owners or their nominees.
The Company agrees, to the extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of interest against a Holder of this Security.
NASDAQ | SEC Filing
secfilings.nasdaq.com
In accumulation mode now.
Notice for every weak hand seller there's a buyer? Volume's been good but the price is not dropping and is holding steady. Some big boy is buying up all the shares they can get their hands on. They know more than the weak hands do.
Can class action suits be far off?
Hard to believe the vulturous lawyers haven't swooped in by now to "represent the shareholders on the BOD incompetence". I expect a flood of suits to start to happen soon since the natives are restless.
Remember that the only ones who win in class actions are the lawyers. Shareholders get pennies on the dollar, if that. Don't be foolish. The lawyers know there are massive assets and they want that money. Expect to hear from them soon. The BOD will really have their hands full then. They know it's coming.
First Data would be the perfect M&A.
Then we'd have the infrastructure and vehicle needed to process assets and handle the massive financials to come. They didn't issue 3.5B shares for the hell of it.
We'll see if this is the one next week.
Exactly tanja. LLC formed and LT active. Just two months ago!
That's all the proof people need. Why there are still doubters is baffling. The assets are there. Read the docs. This is just the start.
If there were zero assets why this endeavor by the LT? Can you answer that bkshadow? Your response is eagerly awaited.
I contend we will start to see asset releases soon. Yes, soon.
WMIIC is awash with assets.
Many billions. These assets did not go poof, and no, JPM did not get them for $1.8B.
Soon the great reveal.
Seriously I expect something to happen in Feb. Could be any day.
Something could be brewing.
I seriously doubt the sudden hearing scheduled for Tues has anything to do with this recent basic LT filing. Makes no sense to have a hearing for that. Could be nothing but we'll see.
Also, more importantly was the run up before the close yesterday. While the volume was nothing to get too excited about, the sp increase in the last hour could have been due to a leak of some sort.
We will know more this week. As I said could be nothing so don't get hopes up, but I am optimistic that something is brewing.
LG, that is correct.
Series of events will be: M&A acquisition, capitalization, and then further acquisitions including a financial co to handle the massive amount of escrow money to come. All is falling into place as expected.
We all wished for a speedy result, but because this us so huge it is taking longer than we all expected. Not to mention a very dysfunctional government and FDIC.
It's been tough for everyone. One fine morning we will all wake up to very big news. Until then relax.
Those escrows are money in a drawer. Big money.
I am not worried either.
Thank you boarddork. Great DD. Appreciated.
These assets did not go poof, much to the dismay of many. The JPM investors think this distribution will tank their stock, but it will not. These assets are safely tucked away, ready to be unleashed at the appropriate moment.
Soon we can stop holding our breath.
The $25B figure is most intriguing I must say.
What could this possibly be for? Any guesses. :)
The hedgies own huge amounts of escrows and WMIH. I'm sure they are doing all they can. They have a lot more to gain than we peons do.
I contend that something big could break in the coming month. Also let's see if Feb 1 has some good news. ;)
The hedgies have teams of lawyers and accountants working on this as we speak. Relax and enjoy the freebies/coattails.
Big difference is Tepper, Bonderman and the boys stand to get many billions. This is a totally diff situation.
Enjoy the coattail ride.
Thank you Evintos. Appreciate it. I too need to watch that my zeal doesn't get carried away. But a few here that post the same drivel like "when will I get paid" takes away from the board intent to disseminate information.
Yes, but escrow holders will cause the stock price to soar when they get paid By investing back into WMIH, so all WMIH holders will benefit.
could be why they haven't done a release of funds yet to escrows. they need the SP to stay low for deals. Makes sense. Once the first deal is done, kaboom!
That was 8 years ago. Much has changed since then.
I expect some sort of PR very soon.
It's overdue and the BOD knows full well the natives are getting restless. Surely they don't want class actions to complicate this mess, and that is becoming a STRONG possibility because of the lack of communications with the shareholders.
$299B WAMU assets - FDIC document note:
Bottom of page 7. Dated Nov 5, 2015
This should be sticky'd.
https://www.fdic.gov/about/strategic/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf
No wonder R wants $150MM to administer this! They want their cut.
$299B WAMU assets - FDIC document note:
Bottom of page 7. Dated Nov 5, 2015
This should be sticky'd.
https://www.fdic.gov/about/strategic/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf
No wonder R wants $150MM to administer this! They want their cut.
That FDIC doc listing $299B should be a sticky. Most important smoking gun doc yet.
LG, 2-10 times face?
More like 10-20 times face. The number will be staggering when announced. I say when all's said and done we are looking at a minimum of 15 times face.
Exdimer, have you been following this at all?
Many things needed to happen before assets, so it could not have happened sooner.
All is in place now to move forward.
The big boys won't wait till 2018,trust me.
Mike Gene and the boys are getting old and want their money. Now. I say we are closer than most here think.
The "test of accounts" already occurred when there was that small disbursement of shares to escrow holders last year. All went well and the way has been made for the future allotments as assets are confirmed.
>>>Patience is the watchword.<<<<
The first volley will be an acquisition (VERY soon), then capitalization, then asset value disbursements to escrow holders IMO.
$299B in assets x 50% sale for illiquids. This figure IS noted in this Nov 15, 2015 chart, undeniable!
Now, we don't know the amount of illiquids yet, but assuming most of these assets need to be sold at an ~ 50% rate, this brings us to the $150-165B figure that "the experts" have been saying will come back all along.
How long this will take is the question. I say $10B quick (cash) will be disbursed, with the remainder coming in over time as those assets are confirmed and sold.
This has been my contention all along.
Lots of luck on that LG!
WMIH reversal today?
My guess is the big boys took full advantage of the market crash to drive down the price,take out stops,and get rid of weak hand retailers. they gobbled up as many shares as possible.
My guess is we will see a steady run up from here as a deal approaches. If the market dives again all bets are off!