United Western Bancorp Inc (fka UWBKQ)

[fredscott36]

....UWBK shareholders hold "all the cards"....

...and this is ironic because the shareholders do not exist except as a trading vehicle with one asset: a claim against the OTS/OCC......the holding co. is in BK and basically holds few assets....and has some large debts.............

...conceivably, the OCC could buy control of UWBK stock for about $15-million (15 millions shares and the price would rise to $1 p/s as it bought stock)..........and then the OCC settles for $150-million and would itself hold about $60-million in stock because the s/p would rise to about $4 p/s...........how weird is that.........?????....OCC's net payout would be $105-million or 150 minus 60 plus 15..............

...the legal beagle in Denver who gave me an opinion said a favorable judgement for UWBK against the OCC is about a 50/50 chance and a settlement is better than 50/50....????....question is how much and how paid....................unofficial estimate is equity at seizure ($140-million) + compensatory damages estimate although not referred to as that in official resolution but equal to about $25-to-$35-million.....................all of this will go to shareholders with the holding company and related claims in BK being pushed back to the holding company...........

...CONCLUSION, IMO.............some nasty legal wrangling leading to a $175-million settlement in October................an investor associate of mine in Boulder said Guy will never settle for any amount and wants a court decision regardless..................apparently there is some huge anger in Guy - - he knows more than us about the illegal seizure...............again, all IMO...................the patient shareholders should make out very, very well............