How come my Google alert job at sent this article from 2013 as a current alert on Washington Mutual? Very strange.

https://www.google.com/url?rct=j&sa=t&url=https://ca.news.yahoo.com/jpmorgans-13-billion-deal-risk-180624919.html&ct=ga&cd=CAEYACoUMTc1NDY1MDQ3MjM1OTE1MDUxNDUyGmVjZjNjZTVlODYyMjkyM2Q6Y29tOmVuOlVT&usg=AOvVaw1SI8Werl2hRKQeDB9gaIW8

Derivative posts here

https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/q1-2023-derivatives-quarterly.html

We are headed down a bad path again. Look at the growth of JP Morgan since 2021

Derivative reports here

This link for first quarter. There's also quarters two and three complete as well if you look for them

https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/q1-2023-derivatives-quarterly.html

We are headed down a bad path again!

Who the hell is ACI
It looks like their payments/ach processor. But not based on this article

After the mortgage platform Mr. Cooper went haywire to debit the accounts of more than 7,100 Connecticut customers, the state will receive just over $550,000 in a nationwide settlement with Mr. Cooper's Nebraska-based parent company ACI.

Link to article

https://www.ctinsider.com/business/article/ct-tong-aci-payments-mr-cooper-mortgage-18432803.php?src=ctiartribbon

JPM was upsidedown to the tune of 161T. I have the reports from the regulators

Check my old posts

Looks like the E*TRADE purchase by Morgan Stanly goes through next week as well


Important reminder: As part of the rolling transfer of accounts from E*TRADE to Morgan Stanley, all E*TRADE platforms will be unavailable to you and other designated clients from 09-01-2023 at approximately 8:00 PM ET to 09-04-2023 at approximately 4:00 PM ET. Any payments or transfers should be made in advance.

Newrez acquired Dietech loan portfolio from their bankruptcy

Quarterly Derivatives report

https://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr4-2022.pdf

Everything you ever wanted to know about who is holding derivatives and how much.

Watch out the charts for largest bank exposures are in millions So 53,737,164 is 53+ trillion. Thank you JPM! Which is almost 18x their TOTAL asset size

At least they are not carrying 172T like before 2008 crash and seizure.

Charts for banks start on Page 18
This is third quarter 2022 Have to wait for 1Q 2023

hXXps://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr3-2022.pdf

Enjoy

Banks that went out and fully leveraged in the old real estate market at low interest rates are scrambling for cash. They are now trying to cash in on the higher interest rates so they could make more money but they’re out of cash. That’s trying to get sticky deposits via CDs.

That’s why you see the CD rates, raising some rapidly as they need cash to finance the new loans that make better interest.

The banks are trying to get cash so they can lend it out at higher interest-rate and make more money.

Before it was all about fees and volume of loans. Now it’s about cashing in on the higher interest rates on loans.

Pick. I dont think so...

These types of transfers often have clearing time of 2 to 3 days are each hop along the way.

From pick [Also if distribution was happening for commons it would happen at the same time even if you had a Wells Fargo account or through your broker…]

Since AZ was in same institution,. It could be one or two weeks shorter than any oneelses distribution. I know E-Trade can take a while. Up to a week or more, from my experience.

UpTickMe That is a good quote. Glad you got it from the powers that be. Nice way to cherry pick in an attempt to make your point

"Therefore, it is unlikely that any distributions will be made to WMI or its successor on its claim as sole equity holder of the failed bank."

Of course, nothing is coming to WMI from "WAMU". We all know this.

This quote is being presented in a context that is meant to ferment doubt and twist facts to infer something that was not said by the FDIC - that ALL Washington mutual entities have no value. This is wrong and not what is said in this FDIC release. This Statement ONLY deals with WMB - or "WAMU"

From this point on I use WAMU to refer to WMB

What we are all waiting for is the assets that WMI had before WAMU, a subsidiary of WMI, went BK.

WMI followed Wamu BK with their own BK - After losing their cashflow engine in the seizure - they became insolvent - they too needed BK protection for the remining assets. This is why it was a chapter 11 and not a chapter 7 BK

WMI was a holding company and had tons of assets in multiple subsidiaries prior to the WAMU BK. They were put there to protect and manage them. All banks do this.

The shareholders invested in WMI not WAMU.

WMI assets were not part of the WAMU BK due to the structure of the incorporation. WAMU was a separate corporation. WMI was bankruptcy remote from WAMU.

Statement from FDIC is factual, but you misconstruing it by inferring that it relates to WMI. It does not. WAMU BK is NOT WMI BK

It is OK that litigation tracking escrows were deemed to have no value. Because they had no value based on the WAMU BK litigation on which they were based.

The key here is WMI Chapter 11 and what was discussed in court about how the residual assets would be distributed. BK remote for the shareholders.

WMI has plenty of leftovers in multiple subsidiaries which will eventually be distributed.

That WMI shows no money on the books because they were made by the courts to be BK remote to protect them. They are sitting in organizations running as Delaware Statutory Trusts and held remote from the BK. WMI was found to be insolvent - meaning not enough cash flow - but asset rich.

We will see how these assets flow back in time

So here we all sit waiting

Ron you are a little off but really close

Actual Derivative Numbers pulled from Office of Currancy Control (OCC)
Web Link to site is below

Total Derivatives in Billions
2007 Q4
165,645

2008 Q1
180,344

2008 Q2
182,135

2008 Q3
175,842

Yes, JPMorgan reported 57% but it was actually higher that the number you are reporting. JPM held over closer to 91T

My understanding of their total exposure was 150+ with hedging and other plays.

This is how upside down JPM was in 2008.

World GNP at the time was 82.48T. US GNP 14.68
World GDP was 63.71T

So JPM was in hoc more than the world gross national product.
Now at the end of 2021. They are still 53T (Q3 2021) .2019 World GNP is 134T

Stunning ain't it.

We are still not out of the danger in my view.

See report here. Collapse the HTTP to HTTPS

http X s://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr3-2008.pdf

Just take the x out and collapse to HTTPS see all derivative information from 2008

Lots of good information about derivatives on this site. Just search in publications

DUY

Lodas

You can claim to be anything and have any role you want on Linked in.

Does not mean it is accurate portrayal of who you really are.

In total agreement


They had also leveraged their deposits by 415%

They were in it up to their eyeballs!

DUY

Actual Derivative Numbers and web site

Total Derivatives in Billions
07Q4 08Q1 08Q2 08Q3
165,645 180,344 182,135 175,842


Ron you are a little off but really close


Yes, JPMorgan reported 57% but it was actually higher that the number you are reporting. JPM held over closer to 91T

My understanding of their total exposure was 150+ with hedging and other plays.

This is how upside down JPM was in 2008.

World GNP at the time was 82.48T. US GNP 14.68
World GDP was 63.71T

So JPM in hoc more than the world gross national product.
Now at the end of 2021. They are still 53T (Q3 2021) .2019 World GNP is 134T

Stunning ain't it.

We are still not out of the danger in my view.

See report here. Collapse the HTTP to HTTPS

http X s://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr3-2008.pdf

Just take the x out and collapse to HTTPS see all derivative information from 2008

Lots of good information about derivatives on this site. Just search in publications

DUY

NDT

It really does not take much manpower to administer ministerial actions related to distribution of proceeds to/from bank accounts.

Really minimal effort if it is setup correctly.


It does not take a complex company structure to do a few very defined processes. Especially with the automation available now.

I have worked in a Fortune 500 company that had $2.48 Billion in revenue. It had 3 accountants, 9 IT people, a CFO and a CIO.

We were able to process and send by fax - 2000 invoices, 2000 ACH payments(Wire payments from Customer accounts) and 2000 Advance Ship Notices every night. It was completely automated. About 10M each business night.

We maintained a $0 DSO on our books and gave no terms to our customers

Those listed in Paladin have more than enough talent to make this happen. They may have to add a few bookkeepers/call center people to answer questions and setup the wire process for the first transfers.

But that is later and not until the process starts. So 2M is way more than is needed to start building the company to perform these tasks.

IT is NOT capital or human resource intensive work.

DUY

Just identifying what I saw unusual in Paladin Charter.

Yep it was a Denke thingy!

WMI BK had assets that were remote and not included in the BK. This was in part due to the WMI INC. separation from the Banking subsidiaries that were seized. The assets could not be seized in the WMB BK from WMI, INC. Completely separate organizations

This was all about the impact of the seizure on WMI - but some assets were not comingled and held by WMI.

WMB was seized because it was "insolvent" If they waited one day it would have been solvent due to money in transit from WMI to WMB.

Instead, they seized on Thursday. How many banks get seized on Thursday???? NONE!

This caused the Holding company WMI to declare BK due to the complete loss of the asset "WMB" and associated revenue stream.

WMI is NOT WMIH. WMIH was formed in the BK for what remained non-BK Remote. At least from my interpretation.

I could be full of it as well! Just my disclaimer

GLTA

Always lurking,

DUY

If in fact our assets are Bankruptcy Remote and at DTC:
There is no 10K from any company that will show any accounting for the BK remote assets.
They are managed by the DTC

I agree a little with LG:
There will be two distributions:

Interest earned since DTC was given possession in 2012

This will be unless they were determined it was WMI income during the BK

Any Value from the sale of assets owned by WMI that were BK remote and transferred to the DTC

Not tracked in any 10K from any company – only at the DTC – which has a firewall to keep the information remote from the BK.

This is from the point the DTC had Possession of the remote assets

This was ALWAYS separate from the banking subs in WMB BK -

The old ASSET vs EQUITY discussion fits when discussing the WMI BK.
Which was a Chapter 11: with segregated assets for WMI and shareholders.

If the FDIC/Court/JPM identified any BK remote assets (from WMI), they had to keep them segregated from the WMB business seizure and bankruptcy

Any WMI assets held for shareholders have to be sold at FMV and returned to either WMI or DTC(shareholder remote assets).

Since they are not seen on the WMI 10K – they must have been delivered to DTC

As soon as BK remote was put in place – assets were hidden, and process was redacted to not break the corporate veil of WMI BK – No longer on any public accounting records since it is held on the behalf of the individual owners of the DTC BK Remote Assets

Since the FDIC has not closed and they are responsible to return FMV of WMI assets.

The assets could not be seized from the bank holding company (WMI) based on laws at the time of the seizure of WMB.
Only from the Banking Subsidiaries seized.

I am a little concerned about the Chapter 11 nature of the WMI BK and if we still have standing in the BK remote assets. But that is another HUGE topic
I believe BK remote is coming back to the original WMI shareholders.

So, based on my experience in banking, here is my speculation on any distribution:
It is OK that the markers are gone. DTC already has this information. Even though they are not in your account, the brokerages have to keep the records for years to come – based on financial retention rules.
NO POOF GONDI of this information as BB would say
DTC is the vehicle to deliver the proceeds of WMI BK Remote Assets if they exist, they will have the information about ownership already

My speculation based on experience in multi-billion $$$ M&A’s and my current role in banking:

The distributions will be based on Escrow accounts like are used in large business sale or real-estate transaction.

They will be setup in a large bank that can consolidate and track contributions/tax ramifications of the contributions and their distributions.

The Escrow markers have no use to us or the brokerages after WMILT was dissolved.

If we see a distribution, it will be by EFT/ACH or Escrow checks from an escrow account setup for each beneficiary.

These will be managed on a case-by-case basis.

If multiple distributions are necessary, the first distribution will set the path of all others. Then they will be done in this manner until everything is distributed.

Since some of the money for the sale of assets will be coming from JPM, I actually expect they will be the bank managing the escrow accounts. Because they will be able to earn Interest on the $$$ until it is returned to the owners.

Because of JPM role in this, a third-party agency will be doing the heavy lifting related to the escrow accounts in whatever bank they use.

Based on what Paladin has setup:

In their charter it was mentioned that part of their work as a vehicle for delivering the proceeds from sale of Mineral Rights. I found this interesting if they are only an investment firm. Rarely are investment companies doing Mineral Rights sales.

End my pure speculation on the process ahead of us

GLTA

DUY


P.S. Definition of a paladin:

paladin (noun)

A defender or advocate of a noble cause. (A defender of faith).

Being done to benefit the bulk purchases at the end of the day. MM's are collecting for someone

PicK

So now you state that UQ escrows get 600 a share.

Do you have a date for me?

Lol :)
Duy

I remember reading about a corporate governance codicil requiring an immediate disgorgement of stock by any holder went beyond the limits and were endanger of triggering an Ownership change triggering the nullifying the NOL's.

Something about how a shareholder cannot violate the fiduciary duty of the corporation based on lack of reporting their ownership.

It was put in in 2019 or 2020 after the Nationstar/Wand merger to protect the NOL's

It required a any company that was potentially able to force an ownership change to sell (disgorge) 100% of their shares back to the company.

Few weeks after this notice the purchase of shares from KKR was announced

There is a chance that KKR had a lot more shares under management than is shown and had collected them during the finagling of the purchase of Nationstar.

Maybe they were holding a ton of Nationstar that were converted to coop under another entity. They got caught with their hands in the pudding. I would not put it past KKR to attempt a takeover of a company with a ton of Safe Harbor assets to take it private and away from the owners.

These two announced buy backs may be to complete the disgorgement of KKR and forcing them out of any future dealings.

Done this way to be under the the table and out of sight


Sorry but I remember what I read.... but don't have the docs. I even thought about saving them at the time.

Sorry for the conspiracy theory all. GLTAEscrows!

So for those that think $300B is a large number,

A little view into too big to fail in actuality being too leveraged to fail.

I posted the information from The Office of Currency Controller (replaced OTS - office of thrift supervision), about the derivatives exposure - CURRENT EXPOSURE

Everyone can see just see what JPM is actually playing with in the market.

1.9B is pennies to them. 300B pennies is as well.

GLTA

Hoping for a HLCE!

Duy

Derivatives information

In Billions

RANK, BANK NAME, ASSETS, DERIVATIVES in Billions, Derivatives tradable

1 JPMORGAN CHASE BANK NA, $3,207,521, $52,671,225, $50,838,681
2 GOLDMAN SACHS BANK USA, 288,623, 50,541,949, 50,347,423
3 CITIBANK NATIONAL ASSN, 1,684,634, 46,478,190, 45,120,734
4 BANK OF AMERICA NA 2,316,773, 18,526,058, 16,802,096,

Total of TOP 4 COMMERCIAL BANKS
Total assets, Total derivatives, derivatives tradable,

$7,497,551, $168,217,422, $163,108,934

Total of all other OTHER COMMERCIAL BANKS, WITH DERIVATIVES
Total assets, Total derivatives, derivatives tradable,

12,775,988 20,770,973, 18,310,792

TOTAL AMOUNT FOR COMMERCIAL BANKS,
Total assets, Total derivatives, derivatives tradable,

20,273,539, 188,988,395, 181,419,726

For comparison

In 2020, global GDP amounted to about 84.54 trillion U.S. dollars, almost three trillion lower than in 2019.

The top 4 banks are leveraged to almost 2.22 times global Gross Development Product (GDP)

Now you see why they are too big to fail.

At one point during 2008 Jpmorgan was leveraged to over 125 Trillion in derivatives by themselves.

World GDP as calculated Dec 31, 2008 63.46 trillion USD



This is why JPM is too big to fail. This is why WAMU was seized - to save the world financial systems from collapse.

These derivatives will continue to be poison pill to force the government to bail them out on bad financial dealings.

It has not stopped - but is reduced.

Full report - interesting reading

https://www.occ.treas.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2021.pdf

So for those that think $300B is a large number,

I posted the information from the Office of Currency Controller, about the derivatives, so everyone can see just see what JPM is actually playing with in the market.

1.9B is pennies to them. 300B is as well.

GLTA

Hoping for a HLCE!

Duy

A little view in to too big to fail in actuality being to leveraged to fail.


In Billions

RANK, BANK NAME, ASSETS, DERIVATIVES in Billions, Derivatives tradable

1 JPMORGAN CHASE BANK NA, $3,207,521, $52,671,225, $50,838,681
2 GOLDMAN SACHS BANK USA, 288,623, 50,541,949, 50,347,423
3 CITIBANK NATIONAL ASSN, 1,684,634, 46,478,190, 45,120,734
4 BANK OF AMERICA NA 2,316,773, 18,526,058, 16,802,096,

Total of TOP 4 COMMERCIAL BANKS
Total assets, Total derivatives, derivatives tradable,

$7,497,551, $168,217,422, $163,108,934

Total of all other OTHER COMMERCIAL BANKS, WITH DERIVATIVES
Total assets, Total derivatives, derivatives tradable,

12,775,988 20,770,973, 18,310,792

TOTAL AMOUNT FOR COMMERCIAL BANKS,
Total assets, Total derivatives, derivatives tradable,

20,273,539, 188,988,395, 181,419,726

For comparison

In 2020, global GDP amounted to about 84.54 trillion U.S. dollars, almost three trillion lower than in 2019.

The top 4 banks are leveraged to almost 2.22 times World Gross Development Product (GDP)

Now you see why they are too big to fail.

At one point during 2008 Jpmorgan was leveraged to over 125 Trillion in derivatives by themselves.

World GDP as calculated Dec 31, 2008 63.46 trillion USD

This is why JPM is too big to fail. This is why WAMU was seized - to save the world financial systems from collapse.

These derivatives will continue to be poison pill to force the government to bail them out on bad financial dealings.

It has not stopped - but is reduced.

Full report - interesting reading

https://www.occ.treas.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2021.pdf

There was a clause put in about a forced disgorgement of ownership if it threatened to cause an ownership change. That all stock would be sold back to the company.

I think it was put in because KKR got too greedy and was in a position to cause an OC unless they returned stock. This is why the added 110m in buyback. And the company worked directly with KKR to buy their stock

There was also a section in the bylaws about if any attempted an OC, via stock ownership, they would be in violation of the corporations ownership rules. This would cause an immediate forced disgorgement of their stock and ownership in excess of the level to force an OC. Poison pill for the hedges. I remember reading a post on it. Just can’t remember from who or when

Happy holidays

May the wishes you wished and the prayers you made all come to be in the coming year.

This last one sucked!

Duy

More profitable than ambulance chasing... and often nuance payoffs

Between 30B as discussed in the court when Safe harbor discussed and Judge told the lawyer to not bring it up again. It will be there when the case is over


And 299B as noted in the FDIC accounting of the assets... But some of those 299B mentioned by the FDIC are depositors assets... and some are not.

As noted, FDIC experienced no loss to the insurance fund for WMB BK.

I believe that there is still some accounting for the over funding the BK provided to the insurance fund due to the seizure.

AND the top end depends on how much equity was buried in the MBS that WMI had an equity interest in.

It also needs to be figured out how much was owned by WMI and should not have been a part of WMB seizure, but taken anyway. This is the illegal part of the seizure.

JPM ended up finding a 30B windfall in the scraps of WMB - But was it actually WMI scraps? And therefore needs to be returned to WMI DTC?

I don't think they were allowed to move to 22 where large green will come.

They were put in to 19 because it is face + interest and therefore capped.

75/25 split was only for the proceeds of the BK, distribution of stock and assets withheld to pay for other potential creditor payments but not awarded, and any litigation that received $$ in the BK.

BK is over, we are just waiting for the final cases to clear before any funds will be released. BK has to have all issues closed.

Alice and LIBOR are looking like the last ones pending in the BK.
Alice is done. Are we going to have to wait for LIBOR to complete before Distribution

Absolute priority rules! There is no 75/25

$$ will come from safe harbor

Just MHO

I believe these end of the day sweep sales are the MM's settling shares they acquired and accumulated for COOP for their $100M buy back.

What is up with the After hours. 19.84 on etrade

Saw that too with FSK - KKR Capital.

Was up 11% today. from 4.00 a share to 4.50

From their annoucements
"As previously disclosed, the Company's board of directors declared a regular quarterly cash distribution of $0.15 per share, which will be paid on or about July 2, 2020 to shareholders of record as of the close of business on June 17, 2020.

As a result of the reverse stock split, the cash distribution paid on or about July 2, 2020 will instead be $0.60 per share (i.e., the aggregate amount that would have been payable on four shares prior to the reverse stock split)."

So if it is 4 to 1 and the first divi is 4 weeks away - if the price does not tank for the reverse - it is a 3% dividend yield on todays price in 3-4 weeks


From A business side, they are having problems due to companies under stress and went to market for 300M in additional capital to improve liquidity.

Weren't they the ones that provided the 600M in financing to WMI for COOP. I dont know if it was then or some other wing of KKR.

Did KKR also do a conversion on that investment to stock? What type of stock was it - Coop or KKR? Which KKR sub did it go to?

I cant remember...

Interesting. Insiders receintly sold some good numbers of regular KKR stock which has been lack luster. Wonder where they are putting it.

They are also doing a 124 million dollar stock buy back. But they are leaving the amount available to issue the same and par value the same. Looking to have some legs into a financial crisis.

At the end of this group of manuvers, they will have less than 100m shares outstanding.

Current is 495 million with a 2.2b market cap.

Just some thoughts on an interesting observation - by G.O.D(getn otta debt)

What about all the real estate that was in WMI not WMB? 2300 branches
What about the mineral rights that were also in WMI.

WMI was not sold to JPM Only the banking subsidiary WMB

JPM fraudulently transferred these assets because they could and FDIC let them.

There is an absolute ton of assets still remaining to be resolved that are not being discussed.

JPM though they bought everything, they did not and could not based on WAMU corporate structure and the laws at the time.

It was not FDIC's to give as part of the WMB sale

The actual mortality rate is somewhere between 3.2 and 3.8%. Based on the current world wide stats

But that is 30x the normal flu mortality rate of .1%

Interesting thing is that children and teens are not as suceptable.


Sorry but I feel this is much ado about nothing.

I would rather get it than not at this point to fortify my amunity than go into the next evolution of the strain with out it.

Duyrowndd Wednesday, 01/30/19 11:17:40 AM
Re: ItsMyOption post# 557045 0
Post #
557055
of 573509
Two separate and unique entities

WMILT = bankruptcy assets and set asides to be returned to escrow share holders. This is where the 75%/25% is based

Safe Harbor = WMI assets transferred to Delaware trust. Return is based on Absolute Priority (NOT 75%/25%) to escrow shares

WMI Escrow shares = Method for calculating the returns of the safe harbor and bankruptcy leftovers from WMILT

IMHO

Those that are still bitching about the "tantrum" don't understand the premises that Alice layed out in her response to the objection.

READ IT... I think it is pretty good.

She is setting up to show that the Debtors and council have violated their fiduciary duty to the WMILT and violated the BK rules with the filings around the UW settlement.

And they attempted to hide it by filing false 10K and 8K paperwork.

By not using the vehicles of BK to inform or parties in interest of this settlement in those documents is a crime. AND if I am correct, He did NOT inform the judge of this deal either.

Not stating the scope of the settlement in unambiguous language shows a propensity to act in a manner obfuscate and is not in the best interest of the Trust but in the interest of the adversaries.

This is the realization of the level of Rosen's conflict of interest with this case. (since he used to represent JPM and the UW's)

She then asks the question - if they did this - did they do other things that are as bad or worse

If there are events like the ones mentioned, executed by the debtors, trustee and council representing the trust under the guise of settling the estate , the whole premise that they were acting to protect our interests is suspect. This puts a shadow on all items settled and any actions taken after 2012 to the point they could be rendered void.

Remember criminals behave in criminal ways and if they show a pattern in their actions those actions are fruit of the poisoned tree.

Including the fees paid to these lawyers for "our" representation.

Sorry AZ... She has show some facts and probably has more in support of her premiss or she never would have filed in the first place. Good lawyers corner their prey - making them respond in a manner that exposes more.

Im anxiously waiting for the next response on paper or in court

GLTAEH

I think it is interesting that they have taken this down from almost 16 to a little less than 13 in one month. That is almost 20% down.... in a manner that would have caught all stop losses on the way down.

And large volume uptick at the end of the trading days.

How many of you set stop losses with more than a 20% loss on stock?

I learned long ago not to set stop losses on any stock related to this play - ever. They will take them out.

This whole month the outstanding short interest has been falling. Posting has become increasingly negative - from new posters and old shorts.

A strange, strange, pattern we old timers know it well... It is called accumulation.

They have to cover before it is too late. How better to accumulate than taking retail out of the equation

Two separate and unique entities

WMILT = bankruptcy assets and set asides to be returned to escrow share holders. This is where the 75%/25% is based

Safe Harbor = WMI assets transferred to Delaware trust. Return is based on Absolute Priority (NOT 75%/25%) to escrow shares

WMI Escrow shares = Method for calculating the returns of the safe harbor and bankruptcy leftovers from WMILT

IMHO