Wednesday, October 08, 2014 9:35:28 AM
As many posters have noted, the documented evidence from any source clearly shows the value of the escrow markers is not there now, and will be minimal in the future. If new evidence surfaces, which will change the status of the escrow markers, the evidence will change minds too. For example, the FDIC-R Status of Washington Mutual Bank web page shows the Total Liabilities and Net Worth of The Washington Mutual Bank to be $2,762,477. Some will say this number is it, and there is nothing else expected. Others will say this number reflects WMB, and not the bankrupt estate of WMI. One day we will all know.
FDIC-R Information for Washington Mutual Bank, Henderson, NV and Washington Mutual Bank, FSB, Park City, UT: https://www.fdic.gov/bank/individual/failed/wamu.html
Balance Sheet Summary: https://www5.fdic.gov/drrip/bal/balancesheet.asp
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Until then, WMIH is real, and there is real evidence that guides us to know what is going on, may go on, and will go on. If you have not read the Annual Report of 2013 for WMIH, read away. It is a long read, but worth the adventure for shareholders.
An excerpt from the report:
WMIHC’s common stock is trading over-the-counter on the OTCQB electronic quotation system without the support of WMIHC and caution is advised.
We do not currently intend to have any of our securities listed on an exchange or a national market. We note that our common stock currently trades over-the-counter on OTC Markets OTCQB electronic quotation system (“OTCQB”) on an unsolicited quote basis, meaning that all prices reflect unsolicited customer orders. Investors are cautioned that no firm is making a market in our stock and investors may have a difficult time selling our stock. We have not taken any steps or actions to list or otherwise facilitate any trading in our common stock. We remind shareholders and investors that we have no control over the trading of our securities on the OTCQB or otherwise, except for the restrictions on transfers contained in our Articles.
Annual Report of 2013
scroll down when the blank page comes up)
http://wmiholdingscorp.com/wp-content/uploads/2014/06/630387ACL.pdf
Best regards,
David West
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