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Speaking of shoes dropping....
Yes I still believe we will see some sort of strong activity any day.
I may be wrong but the fact that the whales can now sell if they wanted to, but don't sell, leads me to believe all is on course.. they know much more than we do. If not this month most certainly in Dec. We are VERY close
Watch for falling shoes soon. IMO.
Stuff your turkey with shoes.
The date of this prospectus is November 23, 2015.
Very interesting November............
Accumulation has been going on ever since it topped out around $3 a few months back. Lots of savvy investors are more than happy to buy up the shares released by the many desperate and weak hands in retail.
Tepper is no dummy.
Are you listening?
What does he know? http://www.forbes.com/sites/gurufocus/2015/11/13/david-tepper-sells-alibaba-boa-buys-5-stocks/
dragoon, this is what I suspected would happen all along. They cannot disburse massive billions or there would be huge public uproar. It needs to be done in stages, like a dividend, so it can be taken care of and yet swept under the rug, stealthly.
Once funds are released I expect regular payments into escrow accounts, perhaps quarterly. Makes perfect sense now. yes, and soon.
AZ, LG, and scrivener. We are close.
It seems like this quiet period is coming to an end. I expect a filing to come out of the blue any day. the hedgies know something has to be booked this year and as such needs to be completed very soon to close it for tax year 2015. Expect the unexpected.
A shoe will drop this month.
If I'm wrong I'll eat mine.
First "failed" deal:
I think the focus now (and maybe why they backed out of the first deal) is the LT. There is a certain $32B coming based yes, on the docs!, and that may be their new focus. As CSNY has said multiply 11-14 times the number of shares you received when you released and that will be the first payout.
So if you got 100,000 shares of WMIH when you released you will get 1.1 - 1.4M shares of WMIH in the transaction. Remember those 3.5B shares that were allocated???
Could be much more than $32B, but this is the minimum amount.
The question remains: Did you release?
A first failed endeavor is positive.
You learn from mistakes the first time, like a marriage, and then the second time you know exactly what to do and what not to do.
The next MA attempt (likely occurring as we speak) will be much more advantageous for us all.
This was $10MM well spent IMO.
Thank you AZ for all you do.
Surely you do NOT have to share your DD with anyone but you do...because you are a good man. Cowboys always are!
>>>>We will have a very happy holiday season this year I'm quite sure.<<<<
Tepper and the boys are getting old. They want their money and waiting doesn't make sense. Their biological clocks are ticking.
Thanks AZ. Just don't know how long the LT can hold off reporting of assets. The big boys want their money. I'm sure they wanted to wait till DB and emp claims were out of the way so they wouldn't go after more $, but there will be plenty to go 'round. me thinks very soon we will start to see this all unfold.
Those who released will indeed be happy.
We'll see in the next few days.
Something's up. Trust me. I still say that this is the month when something very big could break.
LG, I am talking about the WMILT.
So where is the LT's 8K for the last Q????
Should have been out long ago. :)
Verrrrrrrrry interesting as Artie Johnson would say.
Tepper has enormous stake in Ps.
Bop said 850,000 Ps. Wow. And people think he's not going after escrow payout??? Do the math.
Dimon could see jail time.
If this isn't resolved very soon watch Tepper pull out all stops to go after Dimon and expose the corruption of Dimon and Bair to take down a $350B bank.
Tepper will not wait much longer, trust me. He has the money and lawyers to do it.
Watch and learn.
Things are happening.
Safe harbor and fdicr would not necessarily have a paper trail of the assets available......yet.
Really? Where did it go?
And what's happened to that $100B released in their last report? Poof? LOL
Where have all the assets gone.......
So those who believe in the documents that PROVE there are at least $150B in assets, are in constant disagreement with those that think this is all nonsense, and that there is nothing.
That's fine to have opposing views.
My question to those who think this is all BS: Where did these assets go? Do you REALLY think JPM got all that for $1.88B? Really? The safe harbor deposits were done well before WAMU was seized. They knew it was coming in advance.
The documents clearly show these assets. If you really believe there are no such assets, then what happened to them? Poof?
I understand the angst among many here. It's been a stressful 3+ years for escrow holders, many of whom have banked on money to pour into their accounts, but it never does. Frustrating yes! So why the delay, for those who do believe in the validity of the assets? You need to think of it like this: There are many billions. Bair and Dimon stole a company that had plenty of assets, in the middle of the night, and destroyed a company, its employees and it shareholders. The uproar over this upcoming release will be immense. It's a major conundrum for the government. They know these assets need to be released. But how? It needs to be quietly swept under the rug. Obama will want to wait till after he's gone for the release because he knows this will be a firestorm because of the magnitude of the assets. That's why I say it will be done in small amounts over time, maybe quarterly. Spread out, it won't make the administration look so bad. Imagine releasing $150B in one shot? No way will they do that.
Patience. Once they figure out how to release the funds it will start to happen. But it will be very stealth. No fanfare. They hope.
"The Judge" doesn't want to opine on assets.
What else did we expect him to say? It's not that he doesn't know. He can't know!
And he also made it sound like "the deal" may not be quite done, yet.....interesting wording. Gotta read between the lines.
Patience my friends, patience.
Plus Dimon hired Holder for millions.
Holder was very well rewarded by Dimon for his WAMU assistance. I think he got a $75M contract! Nice huh?
The fix is in. Or is it?
The corrupt Holder/Walrath/Dimon/Bair actions to fleece the once great WAMU (in the name of a "banking crisis") and rob the shareholders and employees of a $350B company and hand it to Obama's best buddy Dimon for a paltry $1.88B will go down in history as the biggest legal robbery ever.
Now the question is, will the hidden assets in the FDICR's hands (oh yes, they are there) be given back to us, the rightful owners, or will this corrupt administration prevail, again, to screw us royally for yet a second time. If this happens, not only is the administration corrupt, but pure evil.
My dd and gut says we are fine. But my head says, watch out for anything. While we should receive hundreds of billions, I think $50B is realistic, maybe more. But strap on your seat belt. We could be in for a bumpy ride, till justice prevails. The question is, do you believe in Obama and Lynch. They hold our cards now, trust me.
I think we could see some sort of activity in the coming month.
LG, we are very close to something. Why?
"The deal" almost happened and still may. This is much bigger than anyone here thinks it is. And why oh why did someone TODAY buy almost $2MM in one transaction? This is no little retailer or someone nibbling. This is big. Very big. Watch the coming weeks as I've said. A cascade of events is about to unfold IMO.
The mystery 8K.....
One possibility on the "deal" that fell through. It is likely that since no other company has still be named as the target, that the deal was indeed with the LT as suspected by some including AZ. That makes some sense and could explain why the target company was never revealed.
Now, it is possible that they thought they had the assets etc. nailed down but at the last minute the info was not ready to be released/deal done. They had some sort of delay by the R. If that's the case this is all still pending......
I'm guessing minimum $50B to escrows.
This could take some time but we could see some of it soon. Over time the numbers could even be much higher than $50B.
The question is, did you release?
As I said, I expect something in a month now.
Definitely by EOY but I think in the next month people here will be much happier....well some anyway!
$23B out of $100-150B is nothing.
nranger, I feel your pain, but.....
I still say that too many people here are hedging their lives and finances on their investment in a BK stock venture. These things take time to play out. I understand the frustration.
I also contend that we are close to something big breaking, both with WMIH and the escrows. And if you can't take the heat, get out of the kitchen, and sell....and stop the incessant whining! Geesh.
Those in the know must laugh at these whiney posts day in and day out.
Strong movement on all fronts in 2015.
There are rumblings of Obama tax executive orders for his last year in office which will have a huge impact on financial deals like this so this has to get wrapped up this year as far as WMI(H), and likely asset returns too. Watch for something to break soon as I've said. They need to try to book this in 2015 and time is ticking.
No way does JPM keep it all. No way.
Look people, I know it sounds impossible to get back OUR assets, but it will happen. Just a matter of when. Read the documents and stop the ludicrous comments. be happy you are riding the coattails of big boys with big lawyers. Got it?
rockie: $350B in assets for $1.8B ???
LOL. Too funny that people believe this. Did you release?
The magic number of $150-165B has always been the assertion by experts in their analysis of the whole fiasco.
When is the big question but all are certain. I like our chances.
So yes as AZ and LG say, did you release? If you do not have skin in the game dont fear. This will also affect WMIH in a big way so ride the wave. Assuming you have more than 10 shares.
So where are all these JPM billions going?
Last Q they said they were releasing $32B. Next Q another $32B. Now they are talking $150B. Does anyone think this is a bit odd other than me? LOL
yes, I do indeed love my escrows, more and more.
Does anyone really think that a company could get $350B in assets for $1.9B? Think about it for a second.
If you believe that I have some swampland for cheap.....come on people....think!
If First Data was/is the target that could explain whey they suddenly dropped their IPO price. They are trying to still work things out with WMI.
They would love nothing better than to have the next $6B in profits be tax free. Hmmmmm.
Maybe the deal's back on. Big buys hitting.
There will be many tax increases on these types of transactions in 2016. Obama will executive order some major taxes in 2016. And if the Dems win the WH, they will see to it that taxes are increased bigtime. Even if Hillary wins, the party is now run by socialists. The deal must be done this year.