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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.
There could be a few deals happening. The assets are one possible play as is an M&A. I think two things could happen. Assets coming back will require an infrastructure to deal with the funds. A company with staff and structure could be necessary to handle the billions to come back, so we could see both happening. All is speculation but this makes sense since WMI does not have staff to handle the logistics when the billions start to flow from the assets.
Why do you think they issued LTIs? Why do you think they did this test distribution to test the systems (under the guise that it was a "planned distribution").
I still think we are on track for big events....very big.
$6B in write-offs is very attractive for many companies. Don't discount its importance in doing a deal. I'm sure there are MANY candidates ready to pull the trigger.
Relax people before you stroke out! All's well, trust your friendly spider....
I still contend a deal will be made by end of next month. If I am wrong on that, then definitely by EOY, but I think sooner. This deal MUST be locked in for tax purposes. It will need to be booked before the tax codes change dramatically in 2016 and the big boys know what is coming for taxes next year. Watch for a major deal soon.
The 8K was a negotiating move. Simple.
Sometimes in a chess match you need to use various tactics to win. Same in the financial world. Something else will be announced soon and this next time it will be a successful result. Watch and learn.
No doubts about WMIH or escrows. One setback does not indicate anything. People here are too desperate and dependent on immediate gratification in this to solve their personal financial issues.
All is fine. If you cannot stand the heat of investing in a BK stock, sell and invest in a blue chip that will return 5% a year.
Again, all is fine. yes, I still love my WMIH and escrows, both!!
AZ, this bizarre 8K is telling.
With many billions to be distributed in the future, why is a measly $1-3B deal so significant that they make a BFD out of it? Why bother?
The only reason could be that they need a vehicle to handle the massive amounts to come. Simple. They are looking for a vehicle, a company with staff and procedures in place to assist in this massive distribution to come. First Data comes to mind. If they do not still iron out details with them, rest assured they have other companies in mind, and soon.
So why does the LT need a standing order for hearings? Hmmmm. Do they have some new info that requires a series of hearings? Very interesting.
So where's this big selloff? Ha!
I thought you said it would plummet to $2.00, doom and gloomers????
Ain't gonna happen. No volume. Why? because the shakeout "they" had hoped for didn't occur because everyone knows it was a ploy to get more shares from weak hands, but people who now hold shares aren't so stupid.
AZ and scrivener. Perfect summation. Short and sweet, this says it all.
The waves of monies into our accounts will be constant once they start. All is now in place. Justice will finally be served to the tormented. Finally!
Thanks to AZ for your hard work and DD for the rest of us.
We are indeed very close.
The boys want their money even more than we do. They carry a big stick, we carry toothpicks.
Really? Well let's see:
The stock has gone up from 49 cents to 2.60 now. I guess they predicted the company would do well and were right!
They said we would get deals. KKR and CITI came to play. I guess they were right on that too.
They said the stock would be taken seriously and would be uplisted to a major exchange. Hmmm, guess they were right there.
You people kill me with your doom and gloom nonsense. Things are proceeding the way THEY predicted. And we've only just begun.
Yes AZ, that's why they are called "LTIs".
Funds will come into our accounts through the LTIs, directly from the WMILT. Simple.
Yes, escrows 4 x par looks likely. Will I take 1 x par? yes. But all DD now says minimum 4 x. Do that math.
I still contend that something big will happen in the coming few weeks with WMIH.
Really? It went from 0.49 - 2.59 now. You don't think things have happened since 2008? Ludicrous.
This price manipulation obviously means something is ongoing. We will know more by Oct 20th if not sooner.
Watch and learn.
The uplisting was the final step to the next action, which I contend will be huge. Patience pays off, soon.
Something will be happening any day.
Everything is now in place and I believe we will see a major announcement in the next couple months, but could be ANY DAY. IMO.
Trust me. You know I've been right before......
Those without escrows will still reap rewards from them since many who own escrows will invest back into WMIH with the payouts, causing the stock to soar. Everyone will benefit from the escrows.
The real escrow benefit to WMIH is not the 2.5%. It will be the massive investment back into the company by escrow holders post payout who feel an allegiance to their new company and also know that it will be a substantial growth company going forward that will yield huge returns for its shareholders.
I for one will invest significantly back into WMIH and so will others I've spoken with. Where better to put our escrow money?
This will cause a meteoric rise in SP, a win win for everyone.
Why would Tepper sue? The money is already his? Duh. Where do people come up with these things?
Exactly why Tepper won't just sit back and wait forever. he wants that $$$ more than we want ours.
Relax and enjoy this ride. Escrows are indeed golden.
The hedgies stand to make billions and they are working on this "for us". Yes, we are along for the ride of our lives.
AZ, I agree. Thanks. My feeling is this:
I think we will see some strong activity in WMI or maybe even escrows in the next 2 months. By EOY certainly. But - could be any day.
The escrow machinations are so complex that anything goes really,but we need to keep in mind that the big boys want their money even more than we do!!
I also think we will receive a minimum of 4 posits, with MUCH more over time.
All in all I like our chances. I am concerned about the corruption of this administration, but I like Lynch MUCH more than Holder so that helps, however even she is still a minion of BO. Not good.
If justice prevails we are fine. If the world doesn't implode we are fine. Two big factors in the process folks. And the big boys know this too so they are having their accountants and lawyers work on all this feverishly as we speak. And again, us gladly riding their coattails......
Az, many don't seem to understand this:
WMIH "owns" WMIIC. And that's who owns the rillions in assets. Not JPM. Not FDIC. Those assets belong to US! All connected through the LT.
Bopfan is the real reason we are here, at least many of us. her ideas spurred our investments way back when.
Thanks to her!
Walrath basically said "RELEASE"!
>>>>>>She almost came out and told people to release.<<<<<
I almost did not because I didn't trust her but in retrospect it looks like this deal will turn out to be fair and reasonable after all.
$10B is par and we will see many more Bs than that.
I love my LTIs, az. Those who released will be happy very soon.
While I do feel bad for those who took the chance and did NOT release (I was almost one of them), the facts now point to many Rillions returning to their rightful owners. US!
Correct on uplisting.
WHEN they announce "the deal" the stock will rise quickly and once above $5.00 the institutional big boys can buy in now that it is on the Nas. Their charters would have precluded such buy actions if they were on the pinks.
I contend that something very major is afloat.
Where are the assets in the R and when are they released? $2.6B my butt! This is the best kept secret in history because of its enormous magnitude. A true conundrum for the government.
LTI distributions must go direct into accounts.
They cannot take the chance of large checks disappearing in the mail. No way. That would be a logistic nightmare. Make sure your accounts are updated with accurate info.
No one knows about LTI dist yet.
Could be any time now. all's in place. now it's a waiting game. We are in the hands of the R for now.
Look, don't kid yourselves if you don't think the hedgies want their money even more than we do. They are on top of things trust me. We are luckily along for the ride on the gravy train.
could be any day but we should hear by EOY for sure.
Meantime watch WMI for something big to happen.
Patience. Wait for the news.
Take a chill pill people!
The dilemma for the FDIC R.
How do you release billions without causing a huge public uproar? Not politically correct. yet they must do it. That's why I still contend, as AZ and many do, that the disbursements will be done over time (not all at once) through stock grants to the LTIs.
Yes scrivener. But many don't want to look at facts. We should know more about escrows by EOY.
Very good news coming IMO.
14.5. :)
The 3.5B are meant mainly for us escrowers. Did you release, my children?
Uplisting wasn't huge? LOL It's a progression of events from here. I swear everyone thinks this all happens overnight! Duh.
For the doubters. Why 3.5B shares?
Do you think they just picked the number from a hat, or took a WAG? Nah. They knew how many shares will be distributed to LTIs. yep the fun is about to begin children.
As they say, it's all accountants right now. They will hammer out the final numbers. who knows what they will come up with but +165B seems to be the common thread amongst the experts thus far. Could be bigger or smaller. I would be happy with 10-40B, but the hedgies want much more and we will gladly go along for the ride..........
Rest assured escrows WILL be paid.
How much and when is the question but all's in place! 10-40B but could be much more.