When can we expect Wmih's BOD to declare Cha 7 bankruptcy? Will Wmih last another year without any business, income, profits, and with only a steady drain on it's assets. Assets are down from $75m to $50m in only 18 months. How long will it take the current BOD/attys/cronies to drain the rest of Wmih's assets before Cha 7 is announced?
PS. Oh yeah, I forgot about the billions of NOLS. Of course they are worthless, Wmih can't use them without profits or a merger partner. And there are no profits or partners after 18 months, none on the horizon either.
Dont worry we are waiting to buy with our NOL's the JPM after they fill for BK Chapter 11.In that case we should have a Fire Price for all their Assets as the Liabilities would be taken care from the FDIC.I think 120M$ is quite enough for the JPM Right now their assets.