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WMI Holdings Corp. Message Board

kingedxxxxx 436 posts  |  Last Activity: Jul 24, 2014 10:08 PM Member since: Aug 20, 2009
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  • Reply to

    Something is definitely fishy...

    by vaqeel12690 Jul 24, 2014 8:11 PM
    kingedxxxxx kingedxxxxx Jul 24, 2014 10:08 PM Flag

    No.

    Short interest likely increased at least by 1.5mm. Did you not notice the huge volume on the downside? This was not 100 share takedowns. This was big money BETTING AGAINST MannKind. Very frustrating to watch. I came up with about 3mm shares shorted with maybe 1.5mm covering near the bottom to pocket the difference. Net, 1.5mm more short shares. Also, over the last 15 days, we had another 3mm+ that went short.

    IF a deal is coming and it is inevitable, then why would shorts be increasing their positions and not using light volume takedowns to try to cover? I suspect that those holding these short positions are confident that the partnership deal is not going to be close to what MannKind is hoping for and that the current robust valuation is going to be taken back down until Afrezza can be proven via sales.

    Just my take from what I noticed today.

  • Reply to

    7/15 short interest

    by redhaw_2000 Jul 24, 2014 4:22 PM
    kingedxxxxx kingedxxxxx Jul 24, 2014 4:53 PM Flag

    Redhaw - they added today. There were some huge lots of shares sold pushing the stock hard to the downside right after the article came out as well as a few lots before. I figure at least 2m short shares were added overall today alone. More were shorted, but profit taking occurred with some covering on those very shares.

    My concern is that the strength of those short could take the PPS all the way back to the mid to upper $7s before the stock stabilizes and they start covering those new positions.

  • Reply to

    Couldn't take it anymore

    by rockstudricky Jul 23, 2014 7:58 PM
    kingedxxxxx kingedxxxxx Jul 23, 2014 9:11 PM Flag

    Smack! :-))

  • kingedxxxxx kingedxxxxx Jul 23, 2014 8:25 PM Flag

    Guess we all have to put you on ignore now. You deserve it with 23 thumbs down and not one thumb up. Goodbye. :-((

  • Reply to

    New Interview

    by justicebw Jul 22, 2014 9:54 PM
    kingedxxxxx kingedxxxxx Jul 23, 2014 8:22 PM Flag

    Why do you keep seeing the glass half full. URZ does not have enough contracts in place. URZ cannot sell at spot. It is not in the best interest of URZ to place additional contracts in today's environment. Recovery of U pricing is at least 1 year away if not much longer. Japan is not going to make any difference in demand FOR YEARS.

    I am still calling for URG, URZ, DNN, and UEC to fall below $1 per share. URG and UEC both need to dilute shareholders further. DNN is probably not far behind, but I do not follow them closely enough to know their cash on hand and cash burn.

    The URZ capital raise is another warning sign of the poor condition in this sector. There are only two reasons to own URZ right now. One, hope for a bounce to close the gap back to $1.40ish and sell immediately. Two, hope for a pop on Japan restarts that will fade very quickly which also means sell after a few days on the news.

    No way am I holding any U stocks right now because I say we are at least 2.5 months away from a first restart in Japan. We all should be able to buy lower before the news.

  • Reply to

    New Interview

    by justicebw Jul 22, 2014 9:54 PM
    kingedxxxxx kingedxxxxx Jul 23, 2014 8:16 PM Flag

    I wrote a very nice, in depth response to the article and it was deleted for some reason.

    Did anyone get to read it before it disappeared? Very frustrating. I even thanked you Justice for the nice find.

    Yahoo message boards are becoming less and less reliable to have discussions because so many posts are being deleted now AND you cannot bump old posts or cannot even tell if somebody responded in a thread unless you keep looking back through all of them. On a board where there are 100 posts a day, it is a lost cause.

  • Reply to

    Capitulation

    by walk57 Jul 22, 2014 2:50 PM
    kingedxxxxx kingedxxxxx Jul 23, 2014 7:51 PM Flag

    Yes. What is that all about. 5% of the shares is huge. Somebody wanted out and somebody was willing to buy up all those shares. Very interesting indeed.

  • Reply to

    How has nothing leaked?

    by daduke38 Jul 23, 2014 1:09 PM
    kingedxxxxx kingedxxxxx Jul 23, 2014 1:13 PM Flag

    How has nothing leaked?

    Everyone involved is wearing super absorbent diapers!

  • Reply to

    What is the target of USU in 6 weeks?

    by md1sa Jul 23, 2014 6:03 AM
    kingedxxxxx kingedxxxxx Jul 23, 2014 1:11 PM Flag

    with a PPS of $1.50, maybe $2.00 if you're lucky.

  • kingedxxxxx kingedxxxxx Jul 22, 2014 11:28 PM Flag

    If somebody replies to an old thread, nobody will even know it because it does not get bumped back to the top. Yahoo needs to go back to the previous model. This is unacceptable.

  • kingedxxxxx kingedxxxxx Jul 22, 2014 11:23 PM Flag

    Not sure about this solution. Would be nice if you could just click on the link. At least this gives you a way back to an important thread.

  • http://finance.yahoo.com/mbview/threadview/;_ylt=AuqMn4V00d5LaPbbSyqL5EjeAohG;_ylu=X3oDMTB2NHZhbTNwBHBvcwMzNgRzZWMDTWVkaWFNc2dCb2FyZHNYSFJVbHQ-;_ylg=X3oDMTBhYWM1a2sxBGxhbmcDZW4tVVM-;_ylv=3?&bn=0243242e-59fb-3abc-8d27-962c7bf26a1d&tid=1406064909016-8cd78b86-6f8e-421d-8af0-393eb5b57a09&tls=la%2Cd%2C49%2C3

    Bumped the link to that thread. Let's see if that works as an alternative.

  • Reply to

    Did anyone notice the MB change?

    by centralcoastinvestor Jul 22, 2014 8:01 PM
    kingedxxxxx kingedxxxxx Jul 22, 2014 9:11 PM Flag

    BUUUMMMMMMPPPPP

    Did that work?

  • kingedxxxxx kingedxxxxx Jul 22, 2014 9:09 PM Flag

    I just tried to post on another board again and it did not move to the top. I noticed a couple of other posts that were made over there did not move to the top either. So, not sure where you posted, but it is happening on other boards as well.

  • Reply to

    So why are the 2014 bonds so cheap?

    by sponge_bob_is_no_square Jul 21, 2014 10:53 AM
    kingedxxxxx kingedxxxxx Jul 22, 2014 9:07 PM Flag

    Somebody does not like the truth? Anyone that thinks that the market cap of USU is going to magically jump to $600mm (or more) when USU emerges from BK is sadly mistaken and is going to take a bath on their common share holdings. Right now the market cap is $30mm. Think about it.

    Market cap will improve because the preferred shares will be gone and the debt will be reduced from $530mm to $240mm. A reduction of debt is not going to improve the valuation by $570mm (or more) as that is not even close to realistic. If USEC is lucky to warrant a $200mm market cap after emergence, that will result in a share price of around $2.00 per share based on current equity's stake. Look at the PPS at the close today at $6.15.

    As Sponge pointed out, there is a huge discrepancy in the valuation of the bonds compared to the equity. This will correct as the BK emergence draws near and anyone holding common shares are going to be destroyed. Dump your shares on someone else. Do not get stuck holding the bag when the day of reckoning comes.

  • kingedxxxxx kingedxxxxx Jul 22, 2014 8:56 PM Flag

    I noticed a post I made earlier today on the USU board did not move to the top. So, it looks like a universal change or issue. It is terrible if posts cannot be bumped because of #$%$ that will continue to create post after post. Really hope Yahoo is not making this a permanent change and that it is just a temporary issue.

  • kingedxxxxx kingedxxxxx Jul 22, 2014 8:54 PM Flag

    Actually, I am expecting ZERO from my equity escrow shares. I was laughing at how those that do see money coming to equity from the liquidating trust were arguing that Piers would not get their money first if anything at all.

    BTW, the P preferred shares did do well with the conversion to WMIH shares. Figuring that most bought P preferred shares from less than $10 average up to $25 only needed WMIH to reach .50 to $1.25 (depending on cost basis.) With PPS near $3, WMIH has created a return of anywhere from 125% to 500% or more for those that held only P shares. Hard to argue with that kind of return.

  • Reply to

    Migraines Market and drug competition

    by joshua.bohinc Jul 22, 2014 6:22 PM
    kingedxxxxx kingedxxxxx Jul 22, 2014 6:59 PM Flag

    Take two smaller doses to equal one bigger dose? Would that make sense if taken one directly after the other? Same as taking two pills instead of one.

    Could two dreamboats be connected side by side to achieve a double dose as well?

  • Reply to

    So why are the 2014 bonds so cheap?

    by sponge_bob_is_no_square Jul 21, 2014 10:53 AM
    kingedxxxxx kingedxxxxx Jul 22, 2014 2:33 PM Flag

    Sponge, this is why something is very wrong with the valuation placed on common equity currently. In my opinion, common equity should not be trading for much more than $1.

    Current bonds are trading at 34% of face. Where will they trade after emergence? Current equity is dramatically overvalued. It is trading on a market cap basis of $600mm value for USU considering the debt conversion leaving equity with 1/20th of the company ($6.16x4.9mm sharesx20).

    Your numbers above mean that you can buy a $340 bond today and get $1252 tomorrow. That is one heck of a return. Here is my take:

    ($377 face of new bond equivalent x 50% of face for new trading level) + $30 in cash + ($1.50 x 146 new shares for bond holders) = $437.50. This provides about a 30% return for the risk of holding these bonds through bankruptcy as it is unknown whether the bonds will even trade at 50% of face considering USEC's future risks. $1.50 per share equates to a market cap of $147mm which is DRAMATICALLY HIGHER than the current cap of $30mm.

    Thus, those holding common shares right now are looking to get destroyed upon emergence likely losing 75% or more of their value when the new shares trade. 98mm shares are not going to trade at $6. NO WAY!

WMIH
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