After reviewing several posts the last several days, I thought I would re post a couple of posts that I have made regarding WMIH and escrow shares.
I will also guide you to a post by travelmiles80 that I think everybody here should read. He was able to put some humor into his post and his post in reality is "spot on correct" IMHO.
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travelmile80, your post is so "spot on correct" it is scary. However, your post number 389581 is by far the BEST bar NONE. I have to say my friend you "REALLY GET IT" and you obviously have a TON of common sense. Not to mention you were even able to inject humor into this bag of xxxx!
It is a pleasure to know that there are really people who understand this multiple crime ridden travesty that has been going on for six years! Thank you for sharing.
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WMIH - The Way Forward
I shall continue my investment strategy that I have employed since March 19, 2012. I am also very happy with all of my escrow shares, but only time will tell their ultimate fate. The escrow share finality should show their results by year end 2014 and they could be worth nothing but I highly doubt this. Then we will see what the former Piers owners were really after before the insider trading debacle that landed them without escrow shares and a cap of only $10.50. I was very fortunate to be able to purchase many WMIH shares between the mid forty cent and sixty cent range for most of the last two or so years. They have hit a recent high of $3.00 and there should be more very positive WMIH news released within a couple of weeks – maybe less.
One can continue to sit back and analyze, critique, debate and play down some of the most successful money players in the world and then wait and see what they do next. However, do not expect to see the price stay around the $2.50 level once the next piece of information is released, just as the price did not stay in the mid forty cent range. This is what most sensible investors would like to discuss – an event before it happens - so they can make an educated decision. Material related facts would not be available to honest investors in advance.
I will continue to use a known and very successful strategy of following the BIG MONEY PLAYERS as I have in the past. They generally have a very good track concerning investments. They also have much more credibility than message board posters. If one’s investment strategy is to wait until WMIH reaches five, ten, twenty dollars a share or much higher after the information is released and then discuss, that is also a cautious method which is most appropriate for many investors.
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Future of WMIH-A Huge Conglomerate-Process In Motion!
Let us assume WMIH has the first merger partner picked out and ready for announcement within a month or two after the final signature (DONE) of KKR or other on 1/31/2014. I say we have at least two or three merger partners picked out with one already confirmed. With that said, when WMIH raises money, this may be where they raise around three to six billion, rather than doing it in parts such as using vanilla preferred or something similar. They will be ready for two or three mergers in 2014/2015. All of these mergers will have to be income producing immediately or we would not buy them.
WMIH is now officially in play and once we move past March 19th, 2014, this company will be moving at breakneck speed in order to grow through mergers massive enough to utilize the untold MASSIVE TAX ATTRIBUTES. By the end of 2015 WMIH IMHO will be at least a ten billion dollar company with more mergers coming from that point. Even if I am remotely correct, I estimate WMIH stock price to be between $25.00 and $50.00 dollars a share by the end of 2015.
Yes, they will take on a lot of debt but all of these mergers will be income producing with them paying zero in income tax which will be at least a thirty five percent automatic gain over any of their competitors. After all of this time, we are finally going to be a REAL and very large organization IMHO. Of course, as tranche 5/6 are worked, many of us get to look forward to what the former Piers owners were really wanting and then the proceeds will flow to escrow share owner accounts. IMHO, this will be huge!
