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Google Doji candlestick...see how each one is shaped and where it is at in the chart for price direction. The one yesterday is a bit strange and may be a doji with a one day reversal or no reversal...we will know in the a.m.
HeavenSent ...brother/sister...this is the day the Lord has made let us rejoice and be glad in it
Be well
$27
Got finally news from my broker regarding my Piers payment.Seems like it is gonna take couple of weeks/months but I'm gonna get my final distribution.But for those thinking trust is done after Piers and Trust is gonna distribute the rest now soon,forget it.
POOP tanking bigtime day after day after announcing an 133 million loss and all these dreamers talk about is billions coming back and Tell the SEC about this manipulation.lol
Still problems getting my check and contacted the trust.And seems like they will stay in business for quiet some time from what she told me regarding my problem.So people who believe a final distribution for our escrows is imminent can forget that.
Still waiting for my check for my last payment.The previous one also took a couple of months.Has probably to do with changing adress.
You must be the only person I guess who has escrows in his port for his Piers as the Piers are no longer the responsability of your broker but yourself.Maybe your broker did something wrong and the checks come to him instead of you but then your broker messed up.
katekir1234
You are wrong, I agree that my WAHUQ'S(PIERS) were replaced by ESCROW MARKERS for them but those markers are still in my account as final payment has not been made in my ROTH ACCOUNT.
I know I will receive my final payment directly into my ROTH ACCOUNT because I never receive a LT statement in the mail like others get.
I receive an email from TD AMERITRADE that a notification from WMI is waiting for me to read is in my account.
I just finished opening my ROTH ACCOUNT and the following ESCROW MARKER is still in my account 939EXC947 which corresponds to the number of PIERS (WAHUQ) I held in that account.
GO4AWILDRIDE
That is not possible,WAHUQ or escrow for WAHUQ are removed years ago or should have been removed years ago.Your broker normally has nothing to do with them afther the effective day.
A little disappointed.
At the time, I opted to receive an allocation of shares in Reorganized WMI However, the check I received this week represented a complete payment in cash.
I would have preferred some common stock.
I have received my final payment today.This was a 220% gainer for so I am pleased wit that.
I believe those shares escrow where removed in my non-Ira account over a year ago. To me this was not what I was focused on as my large investment was always preferred and common escrow shares.
IMO
The RUNOFF NOTES were paid off by WMIH not the LT, and as they were slowly paid off the qty of the NOTES were slowly removed from your account until they were all paid off a few years ago.
What I am asking is if you (had) they might have just been removed the ESCROW MARKERS of the WAHUQ (PIERS)}
My account still shows those markers.
GO4AWILDRIDE
I am not at computer or my notes. It did come from LT - I think it was the runoff note part that was paid early as higher interest but would need to check tomorrow
INO
But the LT just finished paying off their part with this payment.
Are you saying that this payment is from someone else?
GO4AWILDRIDE
Got a check in mail and those escrow shares were removed maybe 1-2 years ago when the LT paid off there part.
IMO
Now I am confused, did you get a check or was it a direct deposit in your account?
My WAHUQ escrows are still in my account.
GO4AWILDRIDE
I have E*TRADE and I think the escrow share where removed in 2017 or 16 would need to check. My guess is if they came to brokerage account they should get recorded tomorrow.
I only had 1300 shares and check was 2264
IMO
Which broker do you use?
I am with TD AMERITRADE and nothing has shown in my account.
Also were the ESCROWS removed from your account?
GO4AWILDRIDE
Yes! I agree, a good sign though don't you think? At least you didn't lose.
I only bought 1300 shares for voting purposes and got a 100% return so yes. Will be more happy if my preferred and common shares give the return many think
So is it "fair" to say you are happy with your final return?
Go4 my check came to non ira account and would think if yours was ira it would need to go there.
Thanks for that AZ info I felt it was from admin. I read his post before delete and although he sometime talk about others posting false info I did not feel it deserved a delete.
I know many that go nuts if they do not see his post. I have slowed down on posts because of the criticism one gets if someone does not think the same. But very active outside of iHub post. Currently filing complaints with UST with what I see has been a breach of fiduciary duties by trustee and management & b. Rosen. Next week should be good for coop!
IMO
Glad to hear you received your check, I have not seen mine yet, expecting it to be directly deposited in my ROTH at TD AMERICATRADE.
On you post about deletions of AZCOWBOY it is not the MOD'S that are doing the deletions but Ihub Admin that is doing MOST of the deletions lately or the MOD SQUAD hope this clears up that false info on the MODS, as you know I am one of them and I see every post and knows who and why every post is deleted.
You can always come to this board and send me a post in the future about any question you would like cleared up.
I am a fair and open minded MOD, if it is a questionable post I generally let it be, but any attack or just off topic garbage I will delete it, also any post that questions a deletion will automatically get deleted.
GO4AWILDRIDE
Class 16 final distribution check received today in mail! FINALLY
TOTAL RETURN AROUND 100% & I have LOTS of equity class 19 & 22
News: I believe we will receive in check form the final payment for our class 16 shares. Congrates! as many of us bought them at a low price that gave good return.
http://www.kccllc.net/documents/8817600/8817600190225000000000001.pdf
For Immediate Release
WMI LIQUIDATING TRUST TO MAKE CASH DISTRIBUTION
OF APPROXIMATELY $50 MILLION
With This Distribution, All Tranche 4 Claims Will Be Paid-in-full
SEATTLE, February 25, 2019 – WMI Liquidating Trust (the “Liquidating Trust”), formed pursuant to
the confirmed Seventh Amended Joint Plan of Affiliated Debtors under Chapter 11 of the United States
Bankruptcy Code (as modified, the “Plan”) of Washington Mutual, Inc., announced today it initiated
a cash distribution (the “Distribution”) of approximately $50 million to beneficiaries of the Liquidating
Trust in accordance with the provisions of the Plan.
The principal source of the funds for the Distribution results from the recent judicial disallowance of claims known as the “Employee Claims” and the related release of funds that were held in the Disputed
Claims Reserve in connection with the litigation. The Trust also received additional proceeds from its
prior settlement related to separate litigation with former directors and officers.
In accordance with the priority of payments described in Exhibit H to the Plan, the Distribution will be
allocated to claimants in “Tranche 4” in the following amounts: $10 million to holders of Senior Floating
Rate Note Claims; $39 million to holders of PIERS Claims; and $1 million to holders of General
Unsecured Claims. Furthermore, LTI holders who made elections to receive common stock in Reorganized WMI to settle their claims will have their LTI balances further adjusted for funds distributed
to Reorganized WMI, pursuant to the Plan’s treatment of litigation proceeds. After giving effect to the
Distribution, all General Unsecured Claims, including the Senior Floating Rate Note Claims and PIERS Claims, will have been paid-in-full and, to the extent funds become available, succeeding distributions will begin with Class 18 creditors.
Additional information regarding the Distribution will be reflected on the next WMI 10-K for the period
ended December 31, 2018, which will be filed by the Liquidating Trust with the Securities and Exchange
Commission (SEC).
Further information about WMI Liquidating Trust can be found at www.wmitrust.com.
Contact
Andrew Siegel / Jed Repko / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
yes I meant March ether 1st or 4th but expecting some posting on their website this week.
IMOption
I assume you meant MARCH 1st not Feb 1st which has already past us by.
I wonder why the SEC release did not mention a DATE?
GO4AWILDRIDE
Next distribution Friday Feb.1st?? With today's news we should all receive final payment soon.
https://www.sec.gov/Archives/edgar/data/1545078/000119312519049083/d708816dex992.htm
WMI LIQUIDATING TRUST TO MAKE CASH DISTRIBUTION
OF APPROXIMATELY $50 MILLION
With This Distribution, All Tranche 4 Claims Will Be Paid-in-full
Class 16 Liquidating Trust Balance: $2.60 (11/01/18)
Period LTI Beginning Balance: $2.59
8/01/18 - 9/30/18 Post-effective Accretion: $.0082
9/30/18 - 11/01/18 Post-effective Accretion: $.0044
No money,just a few penny's added to the money the crooks owe us.
God forbid we get our money before X\mas.
We should start getting statements in the mail today. Sure wish they include payoff check.
LIQUIDATING TRUST INTEREST STATEMENTS FOR MEMBERS OF EACH OF CLASSES 2, (“SENIOR FLOATING RATE NOTES”), 12 (“GENERAL UNSECURED CLAIMS”), AND 16 (“PIERS CLAIMS”) WILL BE MAILED BEGINNING NOVEMBER 12, 2018.
NO Piers Distribution November, 1st 2018.
Rosen can't commit to the Nov 1st distribution until the court case is resolved, hopefully Thursday. That's why it was called a "special distribution" by Rosen. Hopefully it will be made in the first week or so of Nov.
Probably...they would make more money not playing such games.
The people in charge are delaying in order to keep making their paychecks.
In my opinion
The plan documents has a projected payout for class 16 as 11-12% but now they are 80-90% paid off. What happened?
This cannot be traded.
What are your accounts showing for the PIERS class 16 latest trade price? thanks
I just read on the WMIN board that hearings for the employee claims will go on till the winter of 2019.
I guess the lawyers are still hungry for more fees as this thing has really got my goat.
The people who had less than $500 worth of PIERS were the smart ones as they have been paid off long ago.
I got one too as though I received a check on Nee Years Eve, but I’m sure I didn’t
No check just the 1099-B tax form. I had to take a guess for taxes on cost basis so I came up with high cost basis.
Did you actually get a check?
Today I received a 1099-B for taxes. It showed on mine in 1d Proceeds $256.00 BUT how do I calculate the cost for taxes? Looks like I guess?
I got a statement...wasnt sure if that’s their current balance or not.
Can you imagine how much money the law firms have sucked out of this whole case ? I think Rosen was getting $1100 a hour,and it appears he billed days at 24 hours a clip. The judges seem to go along with whatever these crooks ask for.
Any wonder why most lawyers are hated.
They have the cash, but they are holding it to pay themselves for another quarter
Got my Nov. statement today. Usual crap.A few bucks in interest. This is really getting old.
Thanks General.
Glad to see someone is looking at this board.
Piers will be "impaired" even when we receive the final court ordered payment. What Piers should have received preBK, was much more than the $10.47 per share and this is the definition of "impaired."
Hope this helps.
Hello, is anybody there ?
Rumor is PIERS may be inpaired, whateever that means ? I think the problem is the employee claims. I thought there was more than enough to pay those bums off. I say bums because it is the top brass of the co. who are looking for their golden paracutes.
Any thoughts of you guys ?
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Washington Mutual Capital Trust 2001, 5.375% PIERS Units due 7/1/2041
Ticker Symbol: WAHUQ CUSIP: 939322848 Exchange: OTCBB
Security Type: Trust Preferred Security
Issued: 23,000,000
PIERS (Class 16) Treatment under Seventh Amended Joint Plan
Pro Rata Share of (i) Runoff Notes, (ii) Creditor Cash and (iii) Liquidating Trust Interests, in an aggregate amount equal to (a) such holder’s Allowed PIERS Claim and (b) in the event that all Allowed Claims (other than Subordinated Claims) are paid in full, such holder’s Postpetition Interest Claim; provided, however, that, notwithstanding the foregoing, the contractual subordination and subrogation rights of Entities who hold PIERS Preferred Securities shall be preserved and enforced hereunder pursuant to section 510(a) of the Bankruptcy Code and any proposed distribution on account of the PIERS Common Securities of (i) Runoff Notes, (ii) Creditor Cash and (iii) Cash on account of Liquidating Trust Interests shall be recalculated and then distributed, subject to Bankruptcy Rule 3021 and subject to the Lien and priority rights of the PIERS Trustee, to Entities who hold PIERS Preferred Securities, or Liquidating Trust Interests on account thereof, until such time as such Entities’ Allowed PIERS Claims and Postpetition Interest Claims have been satisfied in accordance with the terms and provisions of the PIERS Trust Agreement; and, provided, further, that, following such distributions to holders of the PIERS Preferred Securities, WMI shall not retain any distribution on account of the PIERS Common Securities, including, without limitation, the Runoff Notes; and, provided, further, that, following the distribution to PIERS Preferred Securities referred to above, any remaining distribution of (a) Creditor Cash, (b) Cash received on account of Liquidating Trust Interests, and (c) Runoff Notes, shall be distributed, subject to Bankruptcy Rule 3021 and subject to the Lien or priority rights of the PIERS Trustee, in accordance with the priorities set forth in the Subordination Model attached hereto as Exhibit “H”. The relative priorities among holders of Allowed Senior Notes Claims, Allowed Senior Subordinated Notes Claims, Allowed General Unsecured Claims, Allowed CCB-1 Guarantees Claims, Allowed CCB-2 Guarantees Claims, Allowed PIERS Claims, and Allowed Late-Filed Claims, and the order in which such holders are entitled to receive payment of their Allowed Claims, Intercreditor Interest Claims, Remaining Postpetition Interest Claims and Postpetition Interest Claims, including, without limitation, on account of contractual subordination and subrogation provisions, are set forth in more detail in the Subordination Model attached hereto as Exhibit “H”.
Reorganized Common Stock Election: On the Ballot, each holder of an Allowed PIERS Claim shall be provided the right to elect, in its sole and absolute discretion, to receive such holder’s Pro Rata Share of the Common Stock Allotment in lieu of (i) fifty percent (50%) of such holder’s Litigation Proceeds Interest (solely in its capacity as a holder of an Allowed PIERS Claim) and (ii) subject to the provisions of Section 31.14 of the Plan, some or all of the Runoff Notes that such holder otherwise is entitled to receive pursuant to Section 20.1 of the Plan. To the extent a holder of an Allowed PIERS Claim receives Reorganized Common Stock pursuant to the foregoing election, such holder’s share of the Runoff Notes to which the election was effective shall not be issued and Reorganized WMI shall retain an economic interest in the Litigation Proceeds equal to fifty percent (50%) of the Litigation Proceeds (and such interest shall not constitute a component of the Liquidating Trust Assets) such holder otherwise would have received (solely in its capacity as a holder of an Allowed PIERS Claim) (and the holder’s rights in respect of distributions from the Liquidating Trust shall be adjusted to the extent such proceeds are received by Reorganized WMI). Failure by any holder of an Allowed PIERS Claim to elect to exercise rights provided in this Section 20.2 on or before the Ballot Date shall constitute a deemed waiver and relinquishment of such rights by such holder. Any election made after the Ballot Date shall not be binding upon the Debtors unless the Ballot Date is waived, in writing, by the Debtors; provided, however, that under no circumstance may such waiver by the Debtors occur on or after the Effective Date.
Definition of Runoff Proceeds
Runoff Proceeds ” means (a)(i) all net premiums, reinsurance recoverables, net revenue resulting from commutation of insurance contracts, net interest income, reserve releases and other revenues derived from the reinsurance contracts, investments and other assets of the Trusts less, without duplication, (ii)(A) the reasonable and necessary costs and expenses of the Trusts and the Owner (including, but not limited to, general and administrative expenses, audit fees, required regulatory capital contributions (which capital contributions will be added back to the Runoff Proceeds if applicable regulations permit such distributions thereof), expenses of regulatory compliance, including all costs associated with the Insurance Book Closing, expenses of administering this Indenture and taxes) attributable to the administration of the Trusts or the assets thereof and the collection of premiums and/or management of investments in connection therewith (which expenses shall include reasonable and customary expenses attributable to the foregoing paid under any administrative services agreement, investment management agreement or similar agreement), and (B) claims paid for covered losses and (b) the proceeds from the foregoing received by the Owner or the Issuer in cash, securities and/or other property from any sale, liquidation, merger or other disposition in respect of the Owner or its interests in the Trusts or the assets thereof. The inclusion of clause (b) of this definition shall not be construed as a consent to any sale, liquidation, merger or other disposition or waiver of compliance with any covenant related thereto. For the avoidance of doubt, to the extent that Issuer or WMMRC pays any such cost, capital contribution or expense described in clause (ii)(A), payment by Issuer or WMMRC will be deemed a cost or expense of the Trusts.
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