"Regulation FD addresses the selective disclosure of information by publicly traded companies and other issuers. Regulation FD provides that when an issuer discloses material nonpublic information to certain individuals or entities—generally, securities market professionals, such as stock analysts, or holders of the issuer's securities who may well trade on the basis of the information—the issuer must make public disclosure of that information. In this way, Regulation FD aims to promote the full and fair disclosure."
Possible, but if so then we should be seeing a like disclosure from the other party.
Should take years .......... if ever, but point taken. Taxes attributes: sooner taken the better
1. they needed a public notice
2. they also wanted a date stamp
I'm very interested in your opinion on this. Thanks.
I've read a lot of speculation on this 8K .................. my opinion was and still is, it was not required. So, why publish something that was not required? Publish something basically showing an attempt, a failure? Rush to publish it the "day of"? I'll not even speculate as to the what but to me the why is answered, you need it on record and you need it dated and that gives notice to the other party that the clock is ticking.
Most damages are time sensitive so you need public record and to give notice that the clock ticking. Everything beyond that would be 8 Ball but it reads where were close.
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Zitat myadad:
As much as I would like to believe the 8K was issued to get the other side back to the table and to enhance our negotiations, I suspect just like every other time when our company issues some news, the 8K means just what it says. We tried to put a deal together and failed and in the process spent (wasted) a lot of money. I believe in the process of negotiating with the other company, we disclosed a lot of material information about WMIH and our finances to lots of people including attorneys and possibly analysts working for the other company. When we were not able to consummate the deal, these people who we had confided in had information that would possible give them an advantage in trading our stock. To level the playing field, it was imperative we issue the 8K immediately to let everyone know there was a big expense that would show up in November when we issued the 10K. Without that, the people in the know could have shorted the stock for a month while we retail would have been left in the dark. As it is, the stock went down from the $2.58 to the low $2.40's on the news of the 8K but at least everyone knows why and a small group didn't have the knowledge before all of us got it. Sometimes, the simple answer is the most logical.
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Zitat warcton:
http://www.sec.gov/answers/regfd.htmRegulation FD addresses the selective disclosure of information by publicly traded companies and other issuers. Regulation FD provides that when an issuer discloses material nonpublic information to certain individuals or entities—generally, securities market professionals, such as stock analysts, or holders of the issuer's securities who may well trade on the basis of the information—the issuer must make public disclosure of that information. In this way, Regulation FD aims to promote the full and fair disclosure.
IF information about the acquisition was leaked they had up to 24 hours to file the 8k.
Since we are "out of the know" we don't know the true intent of the 8k, so all we can do is speculate.
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Zitat kenwalker:
The 8K mentioned we were dealing with another public company, where's the other? Nobody has found it.
I've read FD and find it a circular argument. Since the deal was not disclosed and we are supposedly looking into 100's of possible deals then who's to say that this is the one that fell through? Full and fair disclosure? "What we have here is a failure to communicate" ................... this 8K creates more questions than answers, questions that have already changes the PPS.
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Zitat jaysenese:
Maybe they received an unfavorable IRS Private Ruling?
Maybe the potential of zero-interest rates, or even negative USA interest rates, made the deal unworkable?
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Zitat Karmatt:
So let's think about why this deal failed:
1. Money
Another bidder was higher.
We were not able to secure the necessary financing. (unlikely)
2. Counterparty Risk
The selling company chose not to do the deal with WMIH.
Just an example: Wells Fargo and WMIH bid for the same assets. GE is unsure if WMIH is capable of making it work. So they
choose WFC over WMIH.
3. Another deal came up.
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Zitat xfidfed1:
Agreed…Just a WAG, but in the event there are significant non-WMB assets to be returned to the WMILT, which some here perceive would play an important role in WMIH’s future growth (including the selection of an acquisition candidate), might the 8K have also served as a public notice/warning to the FDIC-R, if in fact the FDIC-R is dragging its feet in facilitating any tentatively agreed-upon return of such assets ?
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Zitat kenwalker:
8K said this was another public company but ...............
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Zitat ron_66271:
"an operating division of a public company"
WMIH owns the equity in WMIIC. Therefore WMIIC is a division of a public company.
Now about those WMIIC assets ?? ........
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Zitat Karmatt, SillyWabbit, CSNY:
Buying yourself! Because LOGIC!
You can't buy something you already own ...
WMIIC is a subsidiary, not a division. In my opinion, WMIIC wasn't the target.
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Zitat ron_66271:
The assets are owned by WMILT. WMIH owns the equity in WMIIC [the business license] that gives WMIH the status to operate the WMILT assets after the purchase.
We have not seen a corresponding 8K now have we?
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Zitat kenwalker:
When we were not able to consummate the deal, these people who we had confided in had information that would possible give them an advantage in trading our stock. To level the playing field, it was imperative we issue the 8K immediately to let everyone know there was a big expense that would show up in November when we issued the 10K. Without that, the people in the know could have shorted the stock for a month while we retail would have been left in the dark.
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Quote from: metalhead on Today at 02:46:57 PM
Bravo, my man. That explanation is internally consistent, requires no further validation, isn't contingent upon any "theories" floating about, provides sufficient cause for the release and hasty timing thereof, and raises no further questions. In my mind, you just posited what is by far the most fitting explanation.
That said, I'd still like to know who our target was, specifics of the failed deal, etc. But as far as the 8K itself, I believe we have an answer.
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BS ............... That would have us covering IT'er with an 8K that tanked the stock ................... love that level playing field.
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Zitat ron_66271:
WMILT = WMIIC[assets]
WMIH = WMIIC[equity]
WMIH[equity] <= WMILT[assets]
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Zitat kenwalker:
Because it's a slow day, I love 8 Ball, need to hone my skills at Six degrees of separation, or just need to rattle the pedestal of a lesser deity I'll toss one out.
Within the P&A JPM's only optional purchase was MSR of which they picked up about 600B dollars worth. Also the P&A has a put-back option where within the timeframe the purchaser has the ability to put-back. JPM has had 7 premium years of record low rates to go about cherry picking loans so you could extract from that what remains is "bruised".
8 Ball: JPM was looking to put-back these loans and receive a refund of money they yet to pay, kinda sounds JPMorganish. Our people were interested but at some reduced amount and / or they wanted payment of the MSR's value of "picked" loans. When the deal failed to materialize our people put out the 8K notice to start the clock ticking on damages
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Zitat ron_66271:
IMO, the deal is back ON because Kareem is GONE.
Motion to Reopen WMI Abandonment of WMB for Just Cause did not happen.
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Zitatende
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