Replies to post #56962 on United Western Bancorp Inc (fka UWBKQ)

[Large Green]

Great research inswsami and thanks for sharing.

Wow oh wow let us hope inswami is correct.

The aforementioned thoughts from inswami to me is the main reason for delays which MAY, MAY mean MO MONEY



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[Newtogame]

LOL===If my memory is correct, Creditor Wells Fargo Bank, wanted $18.6 million from the holding company BK.

[fredscott36]

SWAMI: good digging, but you'll note those 2 claims were disallowed, years ago......Wilmington Trust, I recall, was a TRUSTEE, on brokered deposits???.....but all of the WF, wilmington trust, and even USB histories.....are moot and dead, imo..................once the uwbi shareholders were 'abandoned' (released and removed) from the BK..................shareholders stand alone...............

....to me, the key, is where we go from here......we have a nice chunk of money, safely on deposit, earning interest.................that money cannot be distributed without triggering the cancellation clause in the holdco sale agreement......hence, we wait on any potential payment from the receiver and/or recoveries.................I'm rock solid on all of this, SWAMI.........100% certainty, except on the final dollar amounts.......$140mm in the savings account and a promise from the FDIC......I say an add'l $3 per, the FDIC and Guy say $5 per.........and the math, given a LIBOR settlement = $7 per, added to the holdco monies....

...............that's my take, SWAMI..................

...........I could be all wet...............but we'll find out soon.............much love.........aimho......