AZCowboy, great post and thank you for sharing your worthy, honesty and due diligence with this board. It is VERY refreshing.
Passing of time does tell us things***No WMIH Merger/Acquisition to date***
WMIH has had since 3/20/2012 to grow organically - No way this is the plan according to actions
Anybody that believes we cannot find any company/acquisition with the BIG MONEY players involved would have to be uninformed and/or totally naïve - possible
3.5 billion WMIH common shares authorized
An increase from 5 to 10 million WMIH Preferred authorized
No limit to the amount of billions that can be raised via preferred offering at some point
There is no doubt there will be mergers down the road for WMIH and maybe even a near-term platform purchase of sorts but the more immediate purchase will be about former WaMu assets from actions I see and have learned
Obviously, there are certain actions that are eliminated through the passing of time - so growing slowly/organically is out of the question
Time passing tells me either WMIH is one huge fraud or the details are not ready yet. Of course, my view is we will see the plan in due time
A new CEO and his right hand man were recently hired by the board of WMIH and paid almost five times the amount of shares any WMIH employee has received to date pending the purchase/closure of qualified assets.
These two key employees specialty are distressed debt. This in-of itself is telling. One would not hire a Dentist for a heart transplant.
After you read the information below the following line then a reasonable person would have little choice but to believe tat WMIH is reviewing, evaluating, addressing and calculating how, what and when it will buy assets from the original Debtor's Estate which are now owned by those who own our BELOVED Escrow Shares.
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Now here is the former WaMu breakdown. Oh my, what to do with billions, billions and more billions. Anybody that thinks JPM got all of this for 1.8 billion just does NOT understand how Willingham/Susman ROLL! I will give you a hint - they rolled with "tens of billions" headed to an Escrow Share account near you! Now you know why the former Piers Planners worked so, so hard to cancel equity.
For those still trying to sell tax attributes - I never heard of something so ridiculous with highly intelligent investor lawyers. What do you think - tax attributes? This is a VERY LARGE NO! All one has to do is apply SOME COMMON SENSE to understand why they all tried for years to cancel equity - THEY FAILED YEAH Susman/Willingham TEAM!
***DO NOT FORGET***THEY GOT CAUGHT***YES, THEY GOT CAUGHT***
Keep in mind, this does not include the 100 billion that was also collected during the last seven years from the former Enterprise called WaMu. Yeah! Also keep in mind, the figures below represent values and levels during crisis year 2008 so maybe one could double these numbers.
As of June 30, 2008, Washington Mutual Bank had total assets of US$ 307 billion, with 2,239 retail branch offices operating in 15 states, with 4,932 ATMs, and 43,198 employees. It held liabilities in the form of deposits of $188.3 billion, and owed $82.9 billion to the Federal Home Loan Bank, and had subordinated debt of $7.8 billion. It held as assets of $118.9 billion in single-family loans, of which $52.9 billion were "option adjustable rate mortgages" (Option ARMs), with $16 billion in subprime mortgage loans, and $53.4 billion of Home Equity lines of Credit (HELOCs) and credit cards receivables of $10.6 billion. It was servicing for itself and other banks loans totaling $689.7 billion, of which $442.7 were for other banks. It had non-performing assets of $11.6 billion, including $3.23 billion in payment option ARMs and $3.0 billion in subprime mortgage loans.
Have I told you lately how much MORE, MORE, MORE and MORE I TRULY LOVE my Escrow Shares?
AI
