Washington Mutual demanda a la FDIC por 17 billones US$ + daños

http://en.wikipedia.org/wiki/Form_8-K

Traduce con Google translator...

La semana proxima saldrá un 10Q que es para resultados trimestrales

Obviously the timing of information release has been deliberate so the pps didn't take a hit when the audited financials came out.

1) WMIH Management released the Blackstone PR that puts a positive spin that they are looking to merge or acquire business.
2) Audited financials state "here's the NOLs balance that we see". Not great but not bad.
3) 6/30 report still to come in the next week or so. The numbers in it will be based on the audited report that should have set the "Successor" baseline. Will it have any activity in it that shows more direction of WMIH?
4) Now that financials are out, will we see a capital raise based on 1) NOLs value and 2) a Blackstone potential deal. If it's through the preferreds and not stock dilution, it should help move the price up to whatever level of capital/deal is being made.

This revelation in 8K has capped the appreciation of stock prices solely due to NOL to a maximum of somewhere around 5 dollars in the long term. Any other upward surprise beyond that point would be contingent on the business model (organic or acquisition) and earning potential itself without considering the impact of tax savings. It has become a long term play for those ppl who do not consider 4-5 dollars as adequate.

On the other hand, things may move relatively quickly to at least take us to 3-5 price level.

Not sure if you are saying the $5 pps is the max we might expect? If so, WMIH $5 pps = $110 WAMPQ (or TPS preferreds) and $.15 per WAMUQ.

Using TPS last minute signing on to the deal as sort of a barometer of expectations, do you ((or anyone else)) feel that they would think $110 for the old Ps (or basically 10% of the Par) was the best they could get? They fought hard to get information from the EC regarding the mediation. Don't you think they felt they might come out a little better than that?

Also, what changed between the POR issued in March '10 from the one approved in Feb '12 that would have changed the NOLs value? Was that the max the SNHs thought they'd get at that time? That really doesn't seen like enough to really fight for and face IT claims for?

"We may need to raise additional capital for WMIHC in the future, and if we are unable to secure adequate funds on terms acceptable to us, we may be unable to execute our business plan.

We currently believe that WMIHC’s current cash resources together with existing debt facilities will be sufficient to meet WMIHC’s anticipated needs for the next 12 months. However, we may need to raise additional capital sooner in order to acquire businesses or technologies. We may seek to raise additional capital through the issuance of equity or debt securities, or a combination thereof, in the public or private markets. Additional financing opportunities may not be available to us, or if available, may not be on favorable terms. The availability of financing opportunities will depend, in part, on market conditions, and the outlook for WMIHC’s business. Any future issuance of equity securities or securities convertible into equity would result in substantial dilution to WMIHC’s shareholders, and the securities issued in such a financing may have rights, preferences or privileges senior to those of WMIHC’s common stock or senior notes. Also as noted above, the provisions of the Code and certain applicable Treasury regulations will limit the number of shares of stock we can sell from time to time without causing a limitation on our ability to use our net operating loss carry forwards to reduce our future tax obligations. If WMIHC raises additional funds by issuing debt, WMIHC may be subject to limitations on its operations, through debt covenants or other restrictions. If adequate and acceptable financing is not available to WMIHC at the time that it seeks to raise additional capital, our ability to execute our business plan successfully may be negatively impacted. "

This means capitalization. If MW can get $5B, he will. In any event, he'll get as much as he can.

1) WMIH Management envia nota de prensa sobre Blackstone que da la impresión que vamos a fusionarnos o adquirir empresas.

2) Estados Financieros Auditados dicen "aquí estan los balances de NOLs $5.9 Billones". No es lo que esperabamos pero tampoco es malo.

3) 10Q presentado. Los números estan basados en el informe auditado que nos dan la guia de lo que debería suceder

4) Cuando los Estados Financieros se presenten veremos una Capitalización basada en:

*** NOLs value
*** Acuerdo alcanzado por Blackstone.

Si lo conseguimos a través de Preferentes y no hay dilución del valor debería mover el precio hacia arriba al nivel de Capitalización del acuerdo alcanzado por Blackstone.

Mucha suerte amigos. Llegamos a la hora de la verdad!

http://www.news.com.au/business/texas-billionaire-david-bonderman-takes-home-15bn-profit-from-myer-deal/story-e6frfm1i-1225801674921

Si el gana dinero con WMIH también lo haremos nosotros!

http://www.otcmarkets.com/stock/WMIH/quote

Estamos ahora en OTC QB

OTC market tiers are a classification schema developed by OTC Markets Group for OTC market securities. All OTC securities are assigned a Market Tier based on their reporting method (SEC Reporting, Alternative Reporing Standard) and disclosure category – Current, Limited or No Information. Securities listed on OTCQX, the highest OTC Market Tier, are required to have Current disclosure in addition to the QX listing requirements. Securities within OTCQB Market Tier must be SEC, Bank or Insuance reporting and must be Current in their disclosure.

http://www.otcmarkets.com/otc-101/otc101-faq

Gracias Mr SIMPSOM

Por la información, estoy pendiente de los próximos acontecimientos