España
Simpson haztelo mirar, aqui el que salta a la minima en cuanto recupera eres tu, por otra parte cuando cae te pones como una moto.
La vienes cagando desde los famosos 3 dolares que cantabas subida. puede subir un 25% pero si viene perdiendo hasta un 40%, sigues por debajo de tus pronosticos.
Sin comentarios el precio lo dicen todo.
Tienes la cara mas dura que el cemento armado.
Quien no se consuela es porque no quiere...anda dale una palmadita a tu amigo pobrecillo se lo merece... jajajajajaja
Felices Fiestas y mas leña para el invierno
A bankruptcy judge Tuesday tied up a remaining loose end from the 2008 collapse of Washington Mutual Bank , endorsing a $37 million settlement of the company’s claims against its former leaders.
Judge Mary Walrath signed off on the settlement at a hearing in the U.S. Bankruptcy Court in Wilmington, Del., where the failed thrift’s corporate parent, Washington Mutual Inc., took refuge in 2008.
Regulators seized the troubled subprime lender and sold it to J.P. Morgan Chase & Co., adding to the shaking of the U.S. financial system.
Once a staid savings and loan, Washington Mutual became an enthusiastic participant in the home loan boom, creating what a Senate panel later called a “time bomb” doomed to blow up in investors’ faces.
The settlement approved Tuesday ends some of the litigation over who was to blame for Washington Mutual’s failure including legal fights with insurance companies that balked at paying.
Washington Mutual’s trustees accused the company’s leaders of neglecting their duties to look out for the parent company.
For example, they sought to recover $500 million of parent company funds that were diverted to prop up the finances of the thrift. The thrift, and the $500 million, fell into the hands of regulators.
Kerry Killinger, who was ousted from the chief executive spot at Washington Mutual not long before the thrift was seized, gets $7 million or more from the settlement, for agreeing to drop claims he filed against the company. Other former Washington Mutual leaders will also collect something for unpaid directors’ fees or company expenses under the pact.
None of the parties involved admitted to wrongdoing, but those in charge of rounding up money for creditors say it is time to stop the litigation in state and bankruptcy courts and to engage in a compromise all around.
Among other things, the settlement could free up about $18 million that has been held in reserve in the event the bankrupt company was required to cover the defense fees and costs of sued executives.
The $37 million for the settlement is coming from insurance companies, who are paying on behalf of the sued executives. The liquidating trust set up under Washington Mutual’s Chapter 11 plan will make the settlement payments to executives, court papers say.
Trustees have been distributing funds to creditors since 2012, when the parent company’s $7 billion Chapter 11 plan was approved.
Write to Peg Brickley at [email protected]
1) WMIH can sell all the preferreds on Jan 5th regardless of when they can convert them. They simply pay 3% dividend until they do convert. So WMIH can get access to all the cash right away. There's no need to wait.
2) Once the preferreds sell, WMIH essentially becomes a KKR "controlled company". KKR is going to control about 65% of WMIH (Series A, Series B, Warrants) after all is said and done so we know that everything WMIH wants to do will happen such as reincorporate and complete the M&A because KKR controls the majority of the voting power. KKR and C have had a long term relationship since KKR went public since C managed the IPO. C is just going to do what KKR says to so all 600,000 Series B is going to be KKR influenced. There's a good chance this was all planned out in May of 2013 and they just needed to wait for the 3 years to pass for the IRS restrictions. As soon as that date comes up KKR is going to do its thing. I don't see them needing 6 months to get it done but WMIH has to put the "worst case" out there so that it is a proper filing.
Once WMIH announces the first target, that will really determine where share prices head. Hopefully the target is enough to keep share prices over $2.25 to limit the dilution, but if KKR was really sneaky they would do everything to get the price down to $1.75 to maximize their % ownership of the NOLs.
Muchas coincidencias...demasiadas.
Capmark Going through Same Process as WMIH. Instead of KKR its Centerbridge (WMIH owner)
(Horsham, Pa.) – May 8, 2014 – Capmark Financial Group Inc. (the “Company”) today announced that it
closed the previously announced investment agreement with Centerbridge Capital Partners II, L.P. and
certain of its affiliated funds (“Centerbridge”). Following receipt of the requisite consents of the
Company’s stockholders as previously announced, the Company, as contemplated by the investment
agreement, (i) filed amended and restated articles of incorporation, (ii) issued to Centerbridge $5.0
million of convertible preferred stock and warrants to purchase up to 43 million shares of common stock
and (iii) entered into a note purchase agreement under which Centerbridge committed to purchase up to
$100 million of floating-rate subordinated payment-in-kind notes, subject to certain terms and conditions.
Pursuant to its rights as holder of the preferred stock, Centerbridge plans to elect Mr. Matthew Kabaker to
the Company’s Board. Mr. Kabaker is a Senior Managing Director at Cent
erbridge Partners, L.P. and also serves on the Boards of Directors of Aktua Solucion
es Financieras, S.L., Focus Financial Partners, LLC and Santander Consumer USA, Inc. The Company’s
Board will consist of nine directors following Mr. Kabaker’s election.
Mr. Kabaker said “Centerbridge is excited to begin our partnership with Capmark and we are grateful to
the shareholders of Capmark for their overwhelming support for the transaction. We now look forward to
working with the other members of the Board a nd management to find additional ways to expand
Capmark and enhance shareholder value.” Mr. Gene Davis, Executive Chairman of the Company,
remarked “Mr. Kabaker will be a welcomed addition to the Board and we are excited about the potential
opportunities to enhance value for our shareholders.
Lo de ayer fue decepcionante para laa acciones en fideicomiso (Scrows) ya que JPM al parecer gano el juicio y no pagara nada,solo queda lo de la FIDIC que devuelva activos,lo veo bien verde,pareciera que todo esta definido, las acciones scrows seran papel sin valor nada mas, en lo que respecta a WMIH bueno ahora KKR ya esta libre , vendran pronto fusiones adquisiones y todo para ese pastel de los ÑOLs QUE SON CERCA DE 6 MIL MLLS DE DOLARES,pero esto me parece que sera e el año 2,018