... Thank You, All for the Kind Words ...
Acknowledging the research means quite a lot from this seasoned group of retail holders, here on this forum, and is appreciated from each and every one of you ... And yes, at this point in time, as KKR & Citi have now committed as of Jan 2015, ... Just a few thoughts as we move forward ... and yes, we' will move forward, in a very positive fashion, ... quite soon, ~
... As many folks know, I have owned WaMu since Jan 2006 ... Obviously, as an investor, I paid attention to their standings and marketing strategies ... When we moved into early 2008, ... I was sayin "what the heck is up" ... like all of us, I watched what happened, scratchin' my head the whole way ...
WaMu appears to be solvent, and making its way through the crisis' ... Bonderman & TPG Group are committing cash infusions, early on 2008, ... while Goldman is hired by WaMu to search for potential buyers ? ... Yowzzaa ... WaMu NEVER' counters any of the bids presented, and Blackstone Capital even makes a second and increased offer to buy' ... nothing comes back from WaMu, countering, or stating what they actually wanted for an acquisition price ... Nothing' ...
( 8-ball ... hmmm ... was WaMu earmarked to be seized ? the folks involved here, were ALL at the very top of the financial food chain' )
So, then something, I found interesting happens ... On Nov 19th' 2008, ( just a few short weeks after the seizure ) ... a filing is presented to the bankruptcy court and quickly signed by the Judge ... ( I posted about this including the link, on the other board ) ... this filing presented, reorganized and bankruptcy exiting, new company ownership percentage limitations moving forward from this particular date, Nov 19, 2008 ... any ownership percentages up to that point ? were okay, beyond the filings date ? ... the designated limitation percentages were in place moving forward ...
Now, let this "ol' idiot biker" ... ask a stupid question ? ... who, would give a care about ownership percentage limitations for an exiting participation, in a reorganized WaMu upon its bankruptcy exit, just three weeks after the original seizure ? ... ( where is my turnip truck ? ... I need to throw myself off the back of it ) ...
Well, the list would be quite long ... (Bonderman & TPG private equity, included ?)
So, turning the page, a bit ... I believe Mike W and the S&G Group, to have understood the task at hand, to be, to ... legally, ... have an ending result, where equity and or innocent and unsuspecting shareholders, ... would also be included in the ending result ... Now, as we have all seen, ... the task was accomplished ... Thank You Mike, Equity Folks, and S&G ...
Again, I used to say I wanted to see the BIG picture, however, once my research lead me back to early 2008 and prior to the seizure, everything began to make sense ... not' right or wrong ... but make sense ...
Remember everyone, .... WE retailers that released our class 19's and class 22's and hold markers are the lower percentage of all who hold escrow markers ... WE have a lot of company within that pool of future recipients of the returning assets to the debtors estate ... ( R ) ...
Once a separation of the FDIC's guidelines invoked upon its seizure of WMB is separated from the WMI Bankruptcy, coupled with Delaware BK Law, ... the event and time line begin to become clear ...
Again, I firmly believe, that all that purchased their ticket to be on this money train, via their signed releases and the ultimate issue of individualized tracking escrow markers, will be financially rewarded, at an equal 75% ~ 25% ratio along with all that saw the money train placed on the tracks, in early 2008 ...
Good luck to us all ... This newco' is going to fly ...
AZ
AI
