Some observations for what it is worth!
I still have no doubts the CRIMINAL Empire of JPM will still have its ugly presence all over WMIH and there is probably nothing anybody at this point can or will do about it. This could actually be positive since they have all of the components of WaMu if they want WMIH to do any good. Then we have this interim Chairman named Charles Edward Smith that I believe had ties with JPM and if this is entirely true, why in the world anybody at WMIH would have allowed such a thing, unless there is more to come and they are working together or other. If Charles had previous ties or not, Rosie will have ensured there are some sort of connections to JPM whether we know or not. If Charles had ties this excuse of he knows everything is about as ridiculous as it can be, akin to a so called “reformed child molester” being in charge of a Grade School.
Let’s look at what has happened since the effective date of March 19th 2012. I agree completely with Catz and others that since WMIH became a public traded company, we will know and hear much, much less than before. We will only know after WMIH has made decisions which they will make public only after the fact and through PR’s, 8K and other filings. I thought the way trading started could have been handled much better, but keep in mind this whole multi crime ridden tragedy for the last four years has been totally blacked out worldwide so do not look for these people to bring any attention to themselves, especially for the first six months post effective date.
Actually, since the effective date it appears to me WMIH has been working quickly and more so than I would have thought. Many loose ends have been tied up, hired two key Executive positions and somebody has to be responsible for getting the stock trading as expeditiously as they did which has to reflect WMIH Executive decision; one would think since they have done nothing to halt it. So again, WMIH actions tell me that they are prioritizing and maybe there is very good reason to get that stock up and trading again such as some form of capital raise or innovative financing initiatives to get the company on fast forward and of course any of these actions will boost the value. WMIH actions so far tell me they are going very quickly and the next several weeks could be very interesting!
