Some WaMu History With Some of My Story to Date:
I am a preseizure WaMu shareowner who was turned upside down by the Government’s illegal seizure of a solvent corporation that had over 45 thousand employees in September 2008. I started following this religiously and then I found a way to turn lemons into lemonade. I purchased former WaMu (WAMUQs) common shares and continued to learn and buy more. Obviously, the information we would learn from court and filings would change regularly with very few court decisions being applied in a logical manner or even from precedence. So as the case drug on for years and then equity was allowed to survive with the introduction of insider trading against the Hedge Funds, things began to change positively for equity.
Fast forward to Newco called WMIH. I remember many comments regarding how this company would be reverse split, WMIH Board of Directors not getting reelected and just about everything that could happen or go wrong some would posit. Granted, some of this could have happened but to date none of these comments that would have made WMIH worthless or not successful to date has not happened-actually contrary to this–all positive.
Before the exchange event was too late, I exchanged all of my common for preferred. If I had listened to many comments regarding about all of the actions that will or could have happened to WMIH based on some reported facts, and experience, I would not have been able to capitalize like I have in a huge way. I was aggressively adding to my account post WMIH bankruptcy exit between fifty and seventy cents. Needless to say, I have done extremely well not listening to any of the aggressively negative based comments if this issue was handled correctly and to date this has been handle superbly by WMIH Board.
While some quote actual facts, the results so far to date in this case totally refutes many negative comments from some who have experience and facts due to equity surviving and currently trading near the $3.25 level. I wish I would have even purchased more than I did. No reverse, splits, WMIH Board of Directors still here with a renewed three year term and equity looking stronger than ever with upward momentum.
Now as far as my BELOVED ESCROW SHARES that some posit are virtually worthless, anything is possible at this point. However, until this case plays out in total, the due diligence I and others have researched show this does not look to be the case. I stayed away from Piers for several reasons including the stench created by the former Piers owners who were deemed “colorable” by the court (almost guilty) for insider trading. I have always had confidence in Susman/Willingham, otherwise there would be no point in being here period. I did NOT join the group unlike many who tried to unseat Willingham/Susman. Because of not owning Piers, I have done very well. By owning many escrow shares, I am still in the ballgame with huge potential. Some stayed with the tainted former Piers and so far have lost miserably with their money still tied up, capped at $10.51 a share, no overflow of leftovers and no escrow shares period. If they want to invest in WMIH they have had to use new or borrowed money.
Again, I may not be totally correct about everything but because I listened to me and not all of the rhetoric, my financial life has already changed to a point most would envy. So with that said, I will stay MY COURSE and I would suggest to the readers to make their own decision based on their due diligence and what they learn are the TRUE FACTS OF THIS CASE!!!
AI
