Waiting
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.
Why did she say "SOME shareholders"?
So...how do we keep getting skrew'd when the banks keep getting free money? Take a look...
(This is an old video, but it is important to remember that we are getting the shaft from the same govt that gives CitiGroup more and more $$$$.)
Thanks for saying it for me.
Do you know what percentage of those 2200 locations were actually owned by WMI/WMB or LEASED?
I assure you based on DD done years ago that they did not OWN all 2200 locations.
Jest
8,000,000,000+ A/S
I sold every damn share across 3 separate accounts today....
8,000,000,000 shares.
I have been a BLTA supporter for almost a decade...maybe after they have proof I will reinvest....
Regardless...this group languishing in the profits from a cycle of reverse splits and reups in A/S.
GLTA
Jest
It is very important that you understand what happened. The GSEs were FORCED by the government to KNOWINGLY take on problematic subprime loaded derivatives in order to purge the banks....of course...many of the banks GUILTY OF OFFERING THE SUBPRIMES IN THE FIRST PLACE were already loading up the GSE. The ratings on these derivatives were also falsely elevated by the ratings agencies. Yes...GSEs should have refused to take subprimes...should have NOT TRUSTED banks...and QUESTIONED the ratings agencies. They are guilty of being the victim of a bank assault bolstered by our own government and their puppet masters.
-Jest
Just like options....
Merry Christmas Everyone!!! -Jest
LOLOL I share that sentiment too Royal and AZ!
Happy Holidays!
Jest
Ridiculous. Im saying the value of the contents of that TRAIN doesn't change.
Jesus. The VALUE is still there...your example is making MY point. Thanks.
Huh? State? (I wish Trump won Governorship only. LOLOL)
The "value" of the NOLs does not fuctuate based on changes to the FEDERAL tax rate! The ONLY thing that changes in relation to that tax rate (for this discussion) would be the rate of utilization of the NOLs.....however...
I would add that there is another factor which you (and others) have not even mentioned: HOW MUCH INCOME the end user of the NOLS is putting against the NOLs @ 15%.
Jest
Thanks Obi
Just curious....what is AGTK Holdings actually holding? A guess that they own..as parent...the company responsible for gum/lozenges?
Jest
If you trigger a selloff the PPS may push the VWA well below the 1,75 minimum. Remember...it is Volume Weighted. Also gives them precision this close to the target VWA. There may be other reasons which others can mention.
Best,
Jest
Sorry for the delay. That's what I am anticipating....but would only chip intp the 3.5bn authorized by fractions.
GLTY and all longs!
Harder working? What a joke. Self entitled, disrespectful pups who have been taught to believe (via brainwashing kids tv) that 4years of academia and knowledge of some basic program apps is somehow the equivalent of 20+ years of REAL WORLD experience. They will get theirs when the "new generation" does to you what you are doing now to those who know what it REALLY means to carry YOUR dead weight. Lazy millennials. Try working a minute of overtime.
That too!
Should only be a small percentage of the 3.5B to keep them below the 42.5%...
I did the conversion math a few days ago.
1.75 & 2.25
NOLS can me retroactively applied as well.
Its been posted already....
"21
The Series B Preferred Stock are hybrid financial instruments that blend characteristics of both equity and debt securities. The terms of the Series B Preferred Stock provide for either redemption of the principal and interest for cash at maturity or in the event of certain predetermined circumstances (“Forward Component”) or mandatory conversion into WMIH’s common stock (“Embedded Conversion Feature” or “ECF”). The Series B Preferred Stock also embody contingent equity-linked share price protections on the ECF in the form of a variable conversion price based on a 20 trading day average of volume weighted-average price. Upon any conversion of Series B Preferred Stock in accordance with its terms, the Series B Preferred Stock shall convert based on the outstanding principal and accrued interest, subject to a floor of $1.75 per share of WMIH’s common stock and a maximum of $2.25 per share. As a result, the Company determined that the Series B Preferred Stock contain certain embedded derivative features. Management’s evaluation resulted in the conclusion that the compound derivative financial instrument required bifurcation and separately accounted for the embedded conversion feature option as a derivative liability."
Where in the hell did you get SMA?
PAGE 21 (courtesy muyuan):
https://www.sec.gov/Archives/edgar/data/933136/000156459016027651/wmih-10q_20160930.htm
V O L U M E
W E I G H T E D
VOLUME weighted
WMIH 206m O/S
KKR $600m invest.
On conversion, shares convert to common equal to $600m
$600m / 2.25 = 266,666,666 shares
OR
$600m / 1.75 = 342,857,143 shares
BOTH of these scenarios push then well above 50% ownership. Some suggested that, to prevent the ownership change, add'l common would have to be issued to offset and maintain current ownership.
Any comments to this please would be appreciated.
Jest
They are stalling.
BUMP! Thanks muyuan.
investorshub.advfn.com/boards/read_msg.aspx?message_id=126431570
W3...do you/does anyone have access to the recording of BK hearings for 7/20/2010? I was at that hearing and took a boatload of notes. I was skimming these and saw a single line which caught my attention from the 38th minute regarding $30B vs $68B. Wondering what that context was.
Thanks,
Jest
What gives the government the right to intercept any profits for the "slush fund" (for Obama Care) as purported.
IMO...HARP is what these monies are being used for. And, IMO, that seems more logical even IF it should be THE BANKS paying since THEY made the deals.
Best
They told me the same. Ken in the Columbus office said the phone app version is sometimes inaccurate and that I should check inconsistencies against an actual computer/web program.
Jest
Mine too!
August?
Meeting moved back? Add a sentence please with YOUR UNDERSTANDING of why this is important.
If you are going to endlessly repeat this post, please be responsible enough to keep it relevant.
Thanks LG. I DO appreciate your time invested here. If things pan out like you suggest, id like to buy you a bottle of bourbon (or other acceptable token of appreciation).
Jest
OMG! And they let us rot. -Jest
lololol
Criminal
Jest
LOL You and me both! -Jest
If these trusts are truly separate from WMI and the BK proceedings, why would we need to "wait for ripeness"?
This notion of the certificates concerns me, but I cannot explain why.
So many have redirected the possibility of a recovery for escrow on these certificates. Some appearing to side step the notion that WMI ALSO had billions in assets.
Thoughts?
Jest