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Pretty obvious statement by Rosen.
LT can and will sell its assets. Why is his statement looked at incredulously? This isn't rocket science. Plain and simple. Assets will be sold and proceeds distributed accordingly. Got it?
WMILT is the target.
As more and more time passes with no deal,it is getting more obvious that LT is the target.
This has been pointed out by others and now it is looking like a strong possibility that this is WMI's intention.
Should know more REAL soon. So where do you suppose all those assets JPM and other filings show have disappeared to? Hmmm? Did they disappear into thin air? Gone forever?
Me doubts it!
thony, I think this indicates the close relationship between the two entities. Lots more to come. Lots.
I sold a few, getting them at 49 cents.
Bought a new Lexus and paid cash. Free SUV loaded. Enormous profit from the release grant at 49 cents so I couldn't resist! I have lots more where those came from, along with a huge number of Ps and Qs. Sitting back and enjoying the ride. Getting close to something........
Exactly AZ. I look forward to the liquidation!!
Yes, the rest of this is penny ante in comparison. The big "WAMU enchilada" will be a feast like no other. Believe it, or not. :)
jb, I think it's as simple as this:
Stick to your guns and stay the course. We know what we know and believe. I do think the escrows will get paid. I also think something is going to hit very soon on WMIH, if not this week, then very soon. Relax and enjoy the ride.
W3, have you seen this before?
Maybe it's always been that and you just noticed it, or is that not the case?
It is sure thing.
Just a matter of when now.
We are close.
Big week coming up...maybe
This COULD be the week we've been waiting for folks. At least for WMIH. Escrows may take a bit longer, but maybe not. The escrows will be paid out in phases, maybe even in stock or dividends. Initial payout $10B+. $30B+ near term. $100B+ long term. My predictions based on FACTS.
Market is closed Friday 7/3. So, will Thurs be a good day or will they release news Monday? Who knows. Smart money says not Monday.
If there is a PR Monday it will be the best kept secret in history.
but know this: It's coming.
Some assets may come back to WMI itself.
Very interesting twist and this could explain the delays here. If some assets belong to WMI then those assets are cash and go right into the coffers of WMI. This is being discussed heavily now. Great find! Wonder how many billions could belong to WMI. WOW!!!
Hope they are right. This could be huge. They could use those funds to buy back other assets owned by WMILT.
>This could be why we are seeing this delay of a deal.<
I liked AZ's comment today:
"Some people here are going to get very wealthy in spite of themselves."
Some big boys likely know.......
But they can't pull the trigger here or they would get scrutinized by the SEC. This is the quiet period.
let's talk next week. Something will hit very soon IMO.
Relax and enjoy the ride.
Don't let them get your shares!! They are trying hard.
Correct on that $38B.
There is of course much more and that has been explained ad infinitum. 38B looks to be a slam dunk. I'd say $10B fast then the rest on a schedule, perhaps as quarterly dividends to the new markers.
My near term prediction.
Things will happen over time in a series of events, but I say it is highly likely that there will be some sort of action by the end of next week. Don't hold me to it, but the stars are aligned for something significant. It's not the big one some hope for, yet, but something is going to happen IMO. Sure would make for a nice 4th of July wouldn't it?
Disclaimer: I did not hear this from sierra.
No problem, mad4.
Fact is though, none of us really know. We can all guess and predict all we want, but we won't know until Oprah sings!
If WMILT is indeed the target..........
Then trust me, WMIH has a pretty damn good idea of the assets that will come back to WMILT. If azcowboy and others who have done extensive DD, for years!, have uncovered this info just through DD, then of course WMIH has as well, and more so.
8K? They don't need no stinkin 8K! They already know what they need to know with 99.9% certainty. It's not insider info. It's there for all to see. Did you see the infamous JPM filing??? Why do you think they haven't done some little cheesy acquisition to date? Much is "under seal". $100B+ of assets don't just vanish. How could they???
Again, the question is, how long will this all take? My best guess is a small amount will come back and boom, the acquisition. This will lock WMIH into the LT bag of goodies. Then as assets are confirmed, released, and liquidated that amount will continue to flow into WMIH, the gift that keeps on giving. Brilliant plan.
If I'm wrong I'll eat Monica Lowinsky's presidue dress.
(eeee gads I hope I'm right!)
I agree. WMILT is the target.
I now think WMILT has likely been the target all along, but who knows for sure until it happens. Until all is unsealed we just don't know what's in the R.
I do know this - the team that has been assembled, along with KKR and CITI, and Blackstone, was not put together for the hell of it.
Capmark is no longer CPMK as of now.
If there is anything to the WMIH rumor there will be a PR before the open tomorrow. I say it was just a rumor but who knows???
LG, people can deny all they want.
The facts are there, plain and simple.>The receivership will need to turn over assets to LT, and soon.< They cannot hold them forever. The FDIC is not a bank!
I expect $100B or more coming back eventually, with $10B or more in the near term. Time to put the heat on R. Enough is enough, no more foot dragging! Much more is going on behind the scenes than we know.
All in my humble but I feel, accurate opinion.
Escrow info within a few months.
No one said this was going to conclude "tomorrow"! Geesh people relax. Things are moving forward. I believe the WMIH will start to move very soon, but we all knew the escrow issue would take a while to sort out. By Sept we should have a better picture....that's NOT far off.
$100B coming back looks fair and reasonable now. Things are finally starting to happen. Expect WMIH to start to move in consort.
Expect volume to start coming back as we get closer to a new anticipated date of July 5th.
Also Judge Collyer is making a ruling today that may or may not be a factor.
It's going to hit the fan soon.
$350B in assets could come back.
$100B is the most talked about amount that will come back by "the experts".
$10B is a no brainer and will pay par on escrows and about $2.50 on commons. When is the big question.
WMILT is the target.
Been obvious for a while now. That's why we haven't see M&A.
To those who think it's a joke.
I think those bitching about this being a joke are having financial problems and are desperate for their money, NOW!
Look, investing in a BK process is high risk and you should not count the days because you need financial help desperately. It's not WMI's problem that you are hurting financially.
Let this play out and try to be patient. The result is coming soon and will be a good one.
Lawyers only ones who benefit in classactions.
The shareholders get pennies, if lucky. All the money goes to the lawyers. Class actions are a joke. Trust me.
Smart money says nada. Yet.
We are close but not there yet. The leak a few weeks back when it raced over $3 with good volume was the indicator. Now they are just tying up loose ends.
Completion very soon.
Why low volume last week was telling.
The very low volume last week was a good indicator, same as large volume is. People who trade a lot know this.
When there is an imminent announcement on a company, many hedgies and other funds don't want to touch the stock with a 10 ft pole right before an announcement. Stocks that go up huge (as WMIH soon will) are scrutinized by the SEC carefully for improprieties. They look at recent trades to see if there is hanky panky, standard procedure.
The very low trading was a great indicator. Expect something to hit very soon. Ever see those stocks that go up 50-200% in a day?
The filings indicate falling into place of all matters very nicely.
This is starting to look like a movie script, with the climax coming soon. Feeling more and more confident with every passing PR and filing. The big PR is yet to come but it will hit like a sledgehammer when it does. WMILT is the target. Obviously.
LG, all the ducks are in a row in this new flurry of activity and filings. Its coming to a head quickly now.
I expect WMI will make a blockbuster announcement very soon. As soon as it hits $4 the uplisting will occur, which will take it through $5 faster than nurse can wipe out a bedpan. 7/5 not far off now.
Pretty soon it will hit the fan about the LT and asset releases.
STOP. This ruling was expected and has zero effect on what we are anticipating with escrows, or WMIH. It's basically a non-event. Please stop with the nonsense.
"I have more than 10,000 P's."
Sure you do.
No one is selling big blocks.
There are eager buyers but no large blocks available. You'd need to be insane to sell here.
There will be no offer to sell escrows.
Once the new LTI markers are issued they will stay in your account and moneys will be distributed to them ad infinitum until all assets are liquidated, which could take years. The initial amount may likely be equivalent to par. Then more $ will be disbursed to accounts as illiquid assets are sold over time.
There would be legal entanglements if say, the company gave you the opp to sell your P escrows for $1000, and you sold.....and then a year later they disbursed $3000 more per P into accounts, you'd be pissed and would blame the company for "enticing you" to sell at $1000 and the company would get dragged into court by every lowlife attorney looking to sue and capitalize on your "injustice".
No way will anyone be offered to sell escrows.
Escrows chances now >90%.
I am a realist and always felt we had a 50% chance of escrow recovery. Developments and documents in the last year indicate our chances are VERY strong and getting stronger by the day. Multiple posits are likely.
Nothing is certain in this f'd up world, but I like our chances, now more than ever. I also think WMIH will bust through $5 very soon. Yes LG, tied together.
I agree it won't be long now.
It's been a grueling wait with many false alarms.
We are very close, as in any day.
If WMILT is the target that would explain the convoluted complex and time consuming nature of this. A simple acquisition would have been easy. This has NOT been, which leads one to believe that WMILT is indeed the target, which of course would be blockbuster.
Patience. Mr. AZ may be right on the money. Literally.
Uplisting: Many large funds will need to buy WMIH.
Could be very soon now. Right after uplisting expect an announcement on MA.....then off to the races.
WMI and WMILT could merge as stated:
If you've read recent info, they could enter into a "business relationship". I think azcowboy may be right.
The CPMK connection is intriguing too though. This is a VERY complex deal and we can only speculate at this point until actual facts emerge, but know this.....it will be big and it will be soon.
The assets are sitting in R, waiting for a home.