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I'm talking JUNE JULY for settlement, but hell it could be another 90-120 days for money to change hands SO YEPPERS IN AGREEMENT
I'll be right here waiting just like you, but still say the negotiate an agreement with no ANTI TRUST VERBIAGE and settle before trial, just my WAG and we will both be here hopefully to see..........
I'll be really shocked if they risk it, 10-15 bill aint squat for them to stay open in the USA
FRED
It doesn't matter WHAT THE HELL YOU WANT TO DO, THEY WILL NOT GO TO TRIAL, too much at risk, JUST WATCH
JUNE JULY
Fred
AGAIN MY WAG is June or July and this settles out of court
I will throw him SOAP ON A ROPE and SOME ASSTROGLIDE for his stay
I WAS NOT POINTING AT YOU
But to all that will be left to try and fight this out but HOPEFULLY YOU KNOW THAT
Funny how SO SO SO MANY HERE TWIST STUFF
CERTAINLY YOU DO KNOW I WAS NOT calling you a rat after all these YEARS and if IF IFIN you believe that I fell sorry for ya
ONCE THE RATS START JUMPING SHIP, JUST because you're a BIG RAT doesn't mean you TOOOOOOOOOOOOOOOO Shouldn't jump as the ship is going down
NOW not only that, WOULD YOU REALLY WANT TO BE THE BIGGEST ELEPHANT LEFT in the ROOM with REALLY DEEP pockets as the only one left standing
WOULD YOU REALLYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
I just want to be correct when the game clock actually reaches 00:00
I personally feel we will be locked in at 75 or very close until be see a share issuance or at least that is my WAG
JHD
IMHO COOP WILL BE THEE MARKET for distressed loans to be serviced by and JPM will no longer be
LP
\""
The $87B value is there""{" think what that alone could be afte 15 yrs they can NOT just let money sit
TOO ALL
The """"Common Share Holders"""" own the Debtor’s estate.Funny how the agenda CHANGED the VERBIAGE once the 8K came out spelling out PREFERRED EQUITY and COMMON EQUITY sharing any distribution 75/25 The second the company said PREFERRED WAS NOW EQUITY, the spew was changed to COMMON EQUITY (COMMON SHARE HOLDERS)
"""Class 19 doesn’t get Class 22’s properly."""
I think you might have this BASS ACKWARDs Class 22 is playing in a sand box they never should have been in until Class 19 was paid in full The Judges own words go back and negotiate and bring me a PLAN WHERE ALL PARTICIPATE in case there isn't enough to go around..................................
Riddle me this
Why has every ACTION in this case that is a negative been a negative towards and ONLY put on CLASS 22 ????????????????
1 Class 22 was RV' 1/12 which means any returning assets they now GET 1 12th of what the would have of the pie that is left
2 Class 22 ALSO LOSES 2.5% of any returning funds coming back that ""THEY ALONE"" will owe to the reorg'd company COMING STRAIGHT OUT OF THEIR 25% matrix position
NOW let's LOOK at What Class 19 has lost (REALLY ALL ARE GAINS)in the plan in comparison.
1. They LOST THEIR CAPPED POSITION the APR rule and FYI that took almost 2 yrs to get it taken off.
2. THEY LOST OUT (GAINED) ON NOT BEING RV'D 1/12 ( HAD the unissued PREFERDS been RV's all here DO UNDERSTAND there would not have been enough to reissue the 7.5 needed to make THEM WHOLE AGAIN there is method to their madness
Now just looking at those 2 examples above can anyone really sit here and say that CLASS 19 negotiated themselves SUBORDINATE to COMMONs. when ever single NEGATIVE ACTION that has taken place ,HAS IN FACT BEEN INCURRED BY CLASS 22 and not one negative aspect or loss to CLASS 19
FRED I AINT GOING NO WHERE NO HOW
Nor are my KIDS and their XX,XXX shares or my DADS widow XXX,XXX shares NOT THAT I REALLY give a chit about her since she has TURNED 100% lib tard since moving to WASHINGTON STATE, MY OLD MAN is rolling over in his WALL crypt in OKC
@ 20 per they'd be sitting in tall cotton for sure REAL TALL COTTON
Homes paid in full and any bills and still have $X,XXX,XXX left over, well I forgot the taxes but ya get the point TALL COTTON at 40 and 41 respectively and heck even after taxes leaves this one X,XXX,XXX nice egg to sit on or have to work with
SETTLEMENT AGREEMENT BETWEEN EXCHANGE-BASED PLAINTIFFS AND CREDIT SUISSE AG, LLOYDS BANK PLC, BANK OF SCOTLAND PLC, NATWEST MARKETS PLC, PORTIGON AG, WESTDEUTSCHE IMMOBILIENBANK AG, ROYAL BANK OF CANADA, RBC CAPITAL MARKETS, LLC, COÖPERATIEVE RABOBANK U.A., THE NORINCHUKIN BANK, MUFG BANK, LTD., AND UBS AG Case 1:11-md-02262-NRB Document 4011-1 Filed 04/11/24 Page 2 of 88
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-1/nysd-1:2011-md-02262-04011-001
Bullish
Bullish
RAY
""How they can issue pfds of 10B and those were approved by stock exchange. This indicates some assets exist outside court proceedings."""
Where are you getting these numbers as they are 100% incorrect
WMIH/COOP has today 10 mill shares of PREFERRED shares that HAVE NO FACE VALUE assigned to them, at this point they have NO value 0 zero zilch nadda not worth .10 cent
So the COMPANY could be worth 100$ and still have 10 mill shares authorized with NO AGAIN NO FACE VALUE YET
Hard to beat concrete facts
1.Uw's fought tooth and nail to maintain a measly 1% in worthless paper and spent several million $ to do so according to some here.. IS THIS LOGICAL
2. Preferred was NEVER RV'd 12/1 IS THIS LOGICAL COMMONS WERE RS
3 The court ordered that one of the BOYZ sell 800K K;s PREFRDS notice not one of them was forced to disgorge ANY COMMON SHARES were they HMMMMMMMMMM
4. We have 3 Wells fargo Accts that have been receiving mortgage payment now for 15 yrs
5. WE HAD a 1031 exchange WHY WITH NO PROPERTY to PLACE IN IT Is this logical
6. WE currently have a DST. Trusts can NOT be set up with nothing in them..................IS LOGICAL
Sounds to me like there is still something out there , imho THIS IS ALL ONE NEEDS TO KNOW
Now WHENNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
Ray
""but what points to some hope is UWs struggle to take 1% Ps class 19 and issuance od 10B preferred stock by WMIH:::
Nobody that SMART spends several mill $$$$ to fight for 1% of a worthless issue in ""EQUITY"" that will NOT RECEIVE anything !!!
REMEMBER the UW's had ALL MOST a full year past 3/19/2012 to decide where to be placed and elect to participate and they DID NOT GET reversed 12/1
Also the 10 mill prefrds HAVE NOT BEEN ISSUED nor have they been assigned a face value as of yet
AGREE THERE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
RIDDLE ME THIS
1. WHAT WAS IN THE 1031 and what does a 1031 do? I know do you
2, WHAT is in the three WELLS FARGO ACCTS???????????
3. WHAT IS IN THE DST ? you do understand you can NOT create a TRUST with no assets OR at least assets that HAVE BEEN COMMITTED to be allocated to that trust IMHO and even the committed part is sketchy but the GOV could have MADE ALLOWANCES in this case LOL since they actually had their collective rears in a sling
GOODIE thank you VERY MUCH
After the prospectus was cancelled, the common and preferred stock were combined into a single "Shareholder Equity" interest, allocated at a 75/25 ratio between the common and preferred shareholders15.
NOW someone out there want to tell me NOW that WE ARE AS I have said 100 PLUS TIMES we are all SHAREHOLDER BUTTTTTTTTTTTTTTTTT with different pay out ratios............
Now I know this is AI and that can be flawed but still EQUITY EQUITY EQUITY DOH
Wait and see, SOME FINER THAN OTHERS I'd bet on it , BUT NOT MY PINKY EVER
OH and I WILL ALSO BET IT WILL NOT END THE DEBATE but instead MAY JUST FUEL IT for some that never got it or made the distinction between WMI and WMB!!!!!!!! WMI filed only to PROTECT IS SPEs WE'LL SEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
IT DOES SAFE FROM CREDITORS and the FDIC, but not from legacy holders that OWNED WMI
VOL IS LOW which means there isn't buying or selling going on !!!! LOL
""What's impossible is for the bankruptcy court to have any jurisdiction over assets that are bk remote"""
I know I have never said the BK COURT did or DOES HAVE, what I have said is that OUR LEGACY ASSETS are were in WMI and imho in turn WMI owes LEGACY HOLDERS for those assets.
I KNOW FOR FACT I have stated many time I seriously doubt even 50-100 mill comes back from the BK CASE itself and THAT WOULD BE ON THE WAY HIGH SIDE.
WE OWNED WMI NOT THE BANK, W
SO as OWNERS of WMI if IF IFIN WMI ends UP HAVING assets tucked away in a say DST, as legacy holders we are entitled to our fair and reasonable amounts of those
sorry
LARGE
If we are to only believe filings and 8K's from the company as WE HAVE BEEN TOLD, well you just put up all those filings we have been told that apply to us , SO WHAT ELSE CAN WE DO
LG
A negotiated CONTRACT IS A CONTRACT and CONTRACTS conditions follow forever, just try and go back and UNSELL YOUR HOUSE OR CAR
See how well that works
OH and we both KNOW there can NOT be a 40/1 conversion SINCE THE PROSPECTUSES were cancelled by the COURT leaves only one formula for a payout, THE PAYOUT matrix don't it
Sure we have been, but just remember even though we are all in this TOGETHER the P's K's TPS were at the table making the deal and had the control, even though U's were LOL represented by MW.
You really have to remember though, THE ONLY ONES truly harmed by the willful misconduct of the seizure were PRE SEIZURE HOLDERS.
I'd say 85% or MORE weren't pre and they ALL BEST BE REAL THANKFULl this didn't go down like ENRNQ, where ONLY PRE SEIZURE HOLDERS WERE PAID
ZULUAL
""As a P holder, do I/WE have interests in Libor settlement, assets in FDIC-R, mineral rights ? ""
ANd the UW's apprently THINK THE SAME as well since, that is what they hold and TEPPERS HOLDs and SAVITZ HOLDS, TPS Holds and BONDERNMAN holds and probably a good portion of OF CONGRESS as well holds and all the bank executives hold
SO I's say you/we are in good company, SOME JUST MORE FINE THAN OTHERS
P's K's TPS WERE NOT REVERSE SPLIT ask yourself why, COMMONS were at a rate of 12/1
Remember GARY DENKE said WMI held more in ground assets in GOLD than FT KNOW
US $290.9 billion
As of 31 July 2020, Fort Knox holds 147.34 million troy ounces (4,583 metric tons) of gold reserves with a market value of US $290.9 billion, representing 56.35% of the gold reserves of the United States.
JHD
YOU MIGHT AS well get used to it, until the next step takes place
Agree BUTTTTTT sorry I want it in my hands to KNOW WHAT I/WE WILL HAVE to work with PRIOR to the CRASH, but the crash is coming
Fred
"""..AT LEAST 400 BANKS ARE INSOLVENT and another 200 are grossly UNDERCAPITALIZED, in the USA....."""
Aren't bank reports due out pretty quick
AN FYI
The bank my family and inlaws own a good position in in S OK when they put out their K1 this year had a letter from the Pres in it.
Now this is a bank that in 2023 pulled a 17% ROI on assets........... BUTTTTTTTTTTTTTT they letter went like this
I wanted to inform you all that in 2024 we will be reducing our divie by 20% and you need to inform you CPA's of this so they can adjust your quarterly withholding payments accordingly......................
NOW our PRES is very conservative and the bank BOBVIOUSLY does very very well !!!!!!!!
My WAG is he is being cautious and at the same time will use that cash to buy up distressed stocks and assets.................
JUST AN FYI which means to me the CRASH IS COMING
RON
""The BK Judge can not arbitrarily reassigned assets to another Class.""""
she didn't reassign assets to ANOTHER CLASS
SHE ACTUALLY CHANGED THE CLASS by making both PREFERRED EQUITY and COMMON EQUITY EQUITY
And again the company stated this in an 8k/PR to QUELL MESSAGE BOARD CHATTER
I will be happy at 4.6 X's face and I am not greedy, I just don't see things that same as you and AZ do , that in no way make me wrong or you wrong, we agree to disagree
GODIE
LOGIC AND COMMONS SENSE hard at work
BINGOOOOOOOOOOOOOOOOOOOOOO
Didn't it NEED to be removed in order for Class 22 to NOT be shutout during the BK process?
And wouldn't it NEED to be 'reinstated' in order for Class 22 to be 'owners of the Estate'?
Ron
Told ya before I'd be very happy with that !!!!!!!!
"""WE JUST DON'T SEE IT THAT WAY""" nor did the UW's or their lawyer
Wonder why they don't see it that way
LARGE
Oh don't ya know it can be turned off and on like A LIGHT BULB
""if the Preferred and Common Prospectuses are not canceled how can Preferred get more than FV?""
This in and of itself imho shows there is no cap or restriction in CLASS 19, now the billion $$$ question is doe sit continue IN A NEGOTIATED PAYOUT MATRIX
And like ya have said before IF the prospectuses are still alive as is being hinted at then P's can convert at 40/1 to commons.. 75.80 x 40=s $3,032
NOW do I believe the PROSPECTUSES ARE STILL IN FORCE????????????? NOW WAY NO HOW they HAD TO BE CANCELLED
RON
""""""""""""""""""""""Now grow UP."""""""""""""""""""""""""""""
Is this necessary
RON
The """"Common Share Holders"""" own the Debtor’s estate.Funny how the agenda CHANGED the VERBIAGE once the 8K came out spelling out PREFERRED EQUITY and COMMON EQUITY sharing any distribution 75/25 The second the company said PREFERRED WAS NOW EQUITY, the spew was changed to COMMON EQUITY
"""Class 19 doesn’t get Class 22’s properly."""
I think you might have this BASS ACKWARDs Class 22 is playing in a sand box they never should have been in until Class 19 was paid in full The Judges own words go back and negotiate and bring me a PLAN WHERE ALL PARTICIPATE in case there isn't enough to go around..................................
Riddle me this
Why has every ACTION in this case that is a negative been a negative towards and ONLY put on CLASS 22 ????????????????
1 Class 22 was RV' 1/12 which means any returning assets they now GET 1 12th of what the would have of the pie that is left
2 Class 22 ALSO LOSES 2.5% of any returning funds coming back that ""THEY ALONE"" will owe to the reorg'd company COMING STRAIGHT OUT OF THEIR 25% matrix position
NOW let's LOOK at What Class 19 has lost (REALLY ALL ARE GAINS)in the plan in comparison.
1. They LOST THEIR CAPPED POSITION the APR rule and FYI that took almost 2 yrs to get it taken off.
2. THEY LOST OUT (GAINED) ON NOT BEING RV'D 1/12
Now just looking at those 2 examples above can anyone really sit here and say that CLASS 19 negotiated themselves SUBORDINATE to COMMONs. when ever single NEGATIVE ACTION that has taken place ,HAS IN FACT BEEN INCURRED BY CLASS 22 and not one negative aspect or loss to CLASS 19
NEW LIBOR INFO
David Kovel made history on 4/11. He has an impressive profile in handling a settlement with so many defendant banks as this one.
4011 04/11/2024 DECLARATION of David E. Kovel in Support re: (880 in 1:11-cv-02613-NRB) MOTION to Approve Preliminary Approval of Settlement with Credit Suisse AG, Lloyds Bank plc, Bank of Scotland plc, NatWest Markets plc, Portigon AG, Westdeutsche Immobilienbank AG, Royal Bank of Canada, RBC Capital Markets, LLC, Coperatieve Rabobank. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB.
1Exhibit 1
h
hold2wm
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Today at 06:40:49 PM
More filings related to this settlement....If you did any exchange-base trading you may want to review some of these links.....doc #6 for POC...... I don't know if this apply to our K but in either case you don't have to resubmit if you already done so......
4013 04/11/2024 PROPOSED ORDER. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Related Document Number: [4009]. Proposed Order to be reviewed by Clerk's Office staff.
4012 04/11/2024 DECLARATION of Elaine Pang in Support re: (880 in 1:11-cv-02613-NRB) MOTION to Approve Preliminary Approval of Settlement with Credit Suisse AG, Lloyds Bank plc, Bank of Scotland plc, NatWest Markets plc, Portigon AG, Westdeutsche Immobilienbank AG, Royal Bank of Canada, RBC Capital Markets, LLC, Coperatieve Rabobank. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB.
1Exhibit A - Curriculum Vitae
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-A-Curriculum-Vitae/nysd-1:2011-md-02262-04012-001
2Exhibit B - Profile of A.B. Data's Background and Capabilities
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-B-Profile-of-A-B-Data-039-s-Background-and-Capabilities/nysd-1:2011-md-02262-04012-002
3Exhibit C - Postcard Notice
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-C-Postcard-Notice/nysd-1:2011-md-02262-04012-003
4Exhibit D - Summary Notice
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-D-Summary-Notice/nysd-1:2011-md-02262-04012-004
5Exhibit E - Long Form Notice
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-E-Long-Form-Notice/nysd-1:2011-md-02262-04012-005
6Exhibit F - Proof of Claim Form
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-F-Proof-of-Claim-Form/nysd-1:2011-md-02262-04012-006
7Exhibit G - Plan of Distribution
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-G-Plan-of-Distribution/nysd-1:2011-md-02262-04012-007
8Exhibit H - Redline of Long Form Notice
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-H-Redline-of-Long-Form-Notice/nysd-1:2011-md-02262-04012-008
9Exhibit I - Redline of Summary Notice
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-I-Redline-of-Summary-Notice/nysd-1:2011-md-02262-04012-009
10Exhibit J - Redline of Proof of Claim Form
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-J-Redline-of-Proof-of-Claim-Form/nysd-1:2011-md-02262-04012-010
11Exhibit K - Redline of Plan of Distribution
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-K-Redline-of-Plan-of-Distribution/nysd-1:2011-md-02262-04012-011
11 Attachments ?
WHEN I have been PROVEN wrong for the last 15 yrs, I HAVE BEEN THE FIRST TO COME OUT and say I was wrong or incorrect...........................
AZ also guaranteed a tax return of 34 bill in APRIL several years back, HAS ANYONE SEEN IT
SOrry but AZ also has told all here to ONLY BELIEVE PR's AND 8K filings form the company, but to THIS VERY day will not believe or except the 8K that was put out by the COMPANY TO DISPELL MESSAGE BOARD INFORMATION CONCERNING the PAYOUT MATRIX and the comment was 75% to PREFERRED EQUITY and 25% to COMMON EQUITY. NOW what is interesting about that is that AZ had always said previous to the 8K that EQUITY ALWAYS OWNS THE ESTATE, immediately after that 8K he change it from that day forward to ""COMMON SHAREHOLDERS OWN THE ESTATE.""
I LOOK at things the way I see them written and how they are shown to all of us AND DO NOT TRY TO SPIN THEM or put a personal spin on them to garner a following.
and have always said HERO OR ZERO here and if we get something back here ALL WILL BE JUST FINE
SO there ya have it
At 13% of face I make ALL my money and some bank, AT FACE it will be the single best investment I have ever lived in my life , SO HURT ME with 4.6 X's face
XOOM
ONE more to add to your list if YOU WILL
AZ flat out called me out as LIAR on this board 3 days ago when he SAID NOBODY has ever suggested on this board that additional shares were going to be issued,
I said he was wrong and that I have been saying that for yrs on end,and asked me to provide a link , HECK I provided the post itself dating back 4 yrs and NO RESPONSE or apology what so ever, he just ignores the truth or will not respond to it........... LEMMINGS here imho are gonna be very upset with their AZ COWBOY and have said a 1,000 times I MIGHT be the one that is wrong lets see but again here is my post to HIS DEMAND FOR A LINK to where I supposedly said what I did, WELL HE GOT THE ANSWER and here it is
BBANBOB
Member Level
Re: BBANBOB post# 725850
Wednesday, April 10, 2024 9:30:08 AM
Post# of 726017
AZ
Here is one from 4 yrs ago, where I AGAIN suggested THERE WILL BE DILUTION IN OUR FUTURE
Care to retract the statement that " DILUTION HAS NEVER BEEN SUGGEST BY ANYONE ON THIS BOARD BEFORE???????
BBANBOB
Member Level
Re: vodkadejour post# 642889
Wednesday, December 23, 2020 2:11:27 PM
Post# of 725864
My WAG is coupled with the possibility of some pretty serious DILUTION, I'd suggest they might want to keep it under $100 with and after dilution is included. And although maintaining the NOL's is IS IS important, the dilution imho is needed to keep this on the down low and so what all would have more shares just at a lower pps!
Forwards are not near the neg that RV's are!
Pretty hard to explain how a POS BK company comes out and is from 250$ to 500$ only a few years out of BK!
This whole thing will go down on the QT!!!!!!!!!!!!!!!!
The DILUTION will aide in the keeping this on the down low and under the radar
AND even as I suggest today THERE WILL BE DILUTION and a sizeable one
P's and K's will get NEW PREFDS and commons will get additional commons to maintain the original share structure of 51% of the reorg'd to align the commons holding back to pre seizure levels to maintain ALL of the NOLS and create as close as possible the same share structure as it was creating a true REORG of the company..