thanks for your reply. I think I got the jist of that, but I was wondering timeline wise in regards to those said funds being held in reserve etc for claims.. among other items
now as the employee claims are dealt with do you think they will disperse those funds to make the piers holders finally whole... well whole at least in terms of what is still owed.
Can we speculate a jan-March ishhhhh... time frame that piers holders can expect to get checks in the mail and remaining SR1 lien and SR2 lien notes held in brokerage accounts to be exchanged for cash digitally? and I assume any remaining amount left over to start trickling finally down the waterfall to former pref's and common's holders escrows... or is there something bogus still being held in front of them from getting something to trickle down.
Now as I recall ... please excuse me for not being up to date in this area that the LT does not have many suits going forward at the moment and it is a wait and see game for future funds to flow and that they will just be shifting funds that have remained in "reserve" for claims to move on down small though they may be.
Heck I know it wont be much, but I think mostly everyone would love to see something start to flow to those escrows even if it is just something to show that they have some lifeblood in them yet. lol.
Anyways. time for bed. strange after basically not catching much sleep for 5 days in a hospital bed I am finding it hard to fall asleep being in the comfort of ones own bed.
Now for WMIH going forward I hear a lot of the few remaining naysayers after the most recent news event as of late trying to hinge some negativity on the "dilution"... Well in my mind that could hold water if it had nothing in return for it or not rhyme or reason behind it.
The company is clearly showing its purpose to make use of the free market to quickly raise capital to deploy and to me it seems in a very careful and calculated way as apposed to just doing it for the sole purpose to appear making moves on the investors behalf.
I will get excited once the larger picture/ deal comes into focus and our number crunchers can start calculating future earnings + NOL tax shelter usage and always remember once we move up to a better exchange and these things are calculated along with assets on hand/ book value etc... always always always remember most if not all companies have values assigned to them that can be 5x,10x,etc... and so forth represented in the pps to future earnings grown over time assigned to the present day value per share...
Now that to me really gets me excited. Dont get me wrong our Massive NOL (baiscally a large tax break against earnings) is a thing of beauty... it is not the only thing we must focus on. It is just one part of the larger picture. The capital that we deploy is not only to utilize the NOL but I would assume also organically grow over time as well in terms of profits.
So some may say I have rose colored glasses on, but I like what I am seeing thus far although I am sure we all agree it has not been to the speed at which we all would have liked. It really has been a game of dedication, patience, and informing one's self and others through careful DD. It got hard at times to filter through a lot of the white noise from the BK trial days until now, but In my mind things will only get more interesting from here on out.
I am not going to be one of those people who sell early only to miss out on the large gains that the big boys are most likely planning on a little longer down the road. Thats the jist of it really they have the deep pockets and those with the deepest pockets can afford to have a longer time horizon than the small fry investor like myself.
I can tell you one thing I did not waste years upon years of my life going through what we all did during the BK case and everything in between only to make a few buckaroo's at the end of the day. I plan on sitting tight and watching the company do its thing.
Wont it be fun to see our company on a respected exchange (filled with more prudent investors which always helps) who see the bigger picture like we have from the start looking and calculating and re-evaluating etc... No company has an easy road the whole way through its history, but then again most companies do not start out with a huge NOL and some industry heavy weights involved behind the scenes.
So i guess in the end I kind of understand why some of the board old timers like myself have kind of faded into more of a lurking mentality. The daily debates on pps upticks and downticks due to manipulation or not have no baring on the eventual impact of material events only the BOD and the company can provide and as these things happen the vague theories on why one should not be steadfast fade away with every concrete block of truth (a.k.a. material events) make those comments fall on more and more deaf ears over time. they will be once again be replaced with in depth DD and logical conversation about the company moving forward I think the board in which we all used to love with spring back to life with the kind of debate and discussion that used to be so exciting amongst us all those years ago.
In short these are exciting times I tell ya!
All in my personal opinion only of course. I could be wrong of course. Either way the last chapter in the wamu saga has far yet from being written.
I hope everyone had a safe and happy new years and lets hope for a happy and most importantly healthy new year to everyone here!
now back to lurking
-YANIK...
Feel free to chime in.
