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Sorry, I misunderstood what you meant by start over.
I don't know what a screen says about long term or short term, but when I sell I will use the day that I spent my money for the original purchase for the date of acquisition.
Thanks Side,
They were converted over but are not showing whether they are considered long term gains or short term gains. It's just left blank where all my other stocks show what they are.
If you sent in your ballot on time, then the shares in your account should have already been converted to WMIH shares, or should show the signs of being converted.
Forgive my ignorance in advance, but since we are now trading under the new company (WMIH)are previous long term shares that were/are still held considered long or do we start over?
TIA
Its onward and upward with WMI Holdings and the New Order !! Screaming buy to $5+ (not today, but soon enough) - confidence is high !!
LOLLLLLLLLLL yes you are correct.
Glad (up to this point) to have taken a blind stab at 70c earlier.
LOL
Now if we can be up another 50+% tomorrow, that would be something!
Cheers and Lets GO WAMU!
Exactly - buyers today will enjoy the fruits of WMIH's labor, and the NOL's. If someone from the old regime has sour grapes about that, well, all I can say is he shouldn't stray too far from the toilet.
NOL's would help New Shares since it's NEW COMPANY, right?
Or are you suggesting NOL's would only trickle to OLD SHARES?
Don't believe that to be so.
Looks like we'll all have to get along with each other - with other class holders that is lol, as we are now all pretty much lumped together as WMIH at the WMIH BOARD...I can't tell the difference any more, we all look the same
I'm sure you realize this,post emergence shares bought probably will not recv future dist from Liq trust.There's a possibility the new share price will not be affected by future dist from Liq trust... That is why brokers have given in addition to the WMIH account, a secondary ESCROW acct symbol for pre conversion holders...Buying WMIH shares will not net any new investor proceeds from the LIQ trust, should any money waterfall down. BUT WHAT DOES IT MATTER, right? New shares to trade if we can....any thoughts?
High 1.10 for the day now.
Snagged a handful earlier.
Keep it going baby!
1.05 x 1.10 now
Is that all, but I guess anything ahead is good...all depends what you paid....divide that by approx 1200 days...works out to about $10 daily return...not bad huh after 3 1/2 years
I'm ahead $12,000 today - and rising.
Just a reminder...post emergence shares probably will not recv future dist from Liq trust. That is why brokers have given in addition to the WMIH account, a secondary ESCROW acct symbol for pre conversion holders...Buying WMIH shares will not net any new investor proceeds from the LIQ trust, should any money waterfall down.
NEW BOARD FOR NEW SHARES - WMIH
http://www.otcmarkets.com/stock/WMIH/quote
Pink it is....Thanks, I guess...better than Grey.....LOL
Click your link again, then Control-F5.
WMIH trading on "Pink" or "Grey" market???
according to this link WMIH is trading on the "Grey" market (as opposed to elsewhere that I've seen WMIH.pk as the symbol)
http://www.otcmarkets.com/stock/WMIH/quote
NEW BOARD NEW SYMBOL - "WMIH" ..NEW CO' ...How is everybody doing...lol is everyone rich?
Chiron, What did I say back so long ago, I wouldn't buy a P unless conversion gave them to me at .21 - 50 cents each....70cents, not even a dollar on opening...good for us who got em at least at $9-10...looks like the safe bet would've been waiting till after emergence...you can only laugh since we were all experts
Added another 3K to the 4K earlier. 7K total bought today.
I hope I'm going to be wishing I bought more. LOL
Cheers
Just brought at .70 on E-Trade .................
i am unable to trade on e trade as of yet,anybody else??
Bought 4000 of the WMIH at .70 today.
Took a stab.
Cheers
my broker says it is trading and at .63 to .70?
I had 3 shares of WAMPQ and now I have 59 share of some wierd symbol just appeard in my account. That, and my solar system is off the post!!! Really, what happened? Is it Friday yet?
zero until such a time as the liquidating trust is able to pay equity (if at all)
Expect nothing from the liquidating trust right now - if things go well for the cancellation of unsettled claims, there *may* be enough cash to hit those interests, and the amount you'd get paid would depend on how much cash the liquidating trust has on hand at that time. At any rate, it probably won't happen for at least several months - we still have to adjudicate the pending claims, and then the liquidating trust will still have to pay the remaining creditors who aren't yet made whole.
If things do not go well for canceling unsettled claims, we will not see a dime from the liquidating trust.
thanks radium. what should it be worth?
popular opinion is that they're the liquidation trust interests
got mine 200 Ps transformed in 3960 VMIHs but i still got old Ps noted as WAMU ESCR.SHS SERIE R.
Whats that?
anyone know where the uq board moved to?
seems that the board would be a little more excited over the start of it all. HO HUM........
i own both ,but at the time when the conversion ratios were announced ,it really wasn't worth it to do the swap ,u's were trading at .04 and p's were at 19 ..wasnt worth it on top of the tax hit also
Do you still own wamuq or did you sell and buy wampq?
Seems tomorrow
http://www.otcbb.com/asp/dailylist_detail.asp?d=03/27/2012&mkt_ctg=ALL
Courtesy of clawman
anybody hazard a guess when the shares will price/trade ??? TIA
RS... and / or IGNORE! eom
Rules of logic don't apply for some folks. Best to acknowledge it, sigh a sigh of utter disbelief, and move along.
WMIHC is what Scottrade has listed in my account at 19.8 NEWCO shares per PQ share @ $0.00 per share. So it looks like Scottrade is pushing out the NEWCO shares starting today.
Just a heads up.
Good luck all!
Gyver
of course ....money = power ....also do you know these hedgies that are with us have directors that are in with obamas finacial team
Voo, what are you trying to say? Is it that if a few laws may have been broken that it implies that all laws should/will be broken?
the funny thing is ,people still insist that laws/rules will be followed ...lol lol after 3 1/2 years of breaking laws ....guys need to wake up
Depends who your broker is and how they will designate the new co share acct...also some shareholders are receiving "escrow" acct designation symbols which represent & show the original shares before conversion besides the newco share symbol - for possible future distribution references...in other words one symbol representing the new conversion and one other escrow acct symbol representing possible future distributions
No. There is no symbol, just a cusip.
clawman ,can you ex. this to me ...lol lol http://blog.billparish.com/sec-letter/
Ok, thanks for rechecking your WAMPQ conversions calculations. My actual calculated ratio was also the 19.8 (19.8005825) which was was the same ratio given in the Edgar G. Sargent email that had been posted earlier by uzualsuzpect.
I also notice that the the resulting fractional share (0.915715)in my total converted shares (xx,xxx.915715) for WAMPQ was rounded UP (xx,xxx+1)to the next whole share instead of DOWN (xx,xxx)as someone had posted earlier
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WMIH
------------------------------------------------------------------------------- ___________________________________________________________________________________________________________________________________________________________
This board is for discussion of Washington Mutual Inc. old ticker WAMPQ Now (WMIH)
(WAMPQ) R series OLD CUSIP 939322814
If you find any other useful information, please reply to one of the moderator's posts, and we'll add it to this IBox.
Pre Bankruptcy 2008 http://www.youtube.com/watch?v=A0OaEofs-2I
The FDIC decided that $1.888 Billion was a just and fair price for the bank. It is interesting to note that the auction offer presented by the FDIC permitted banks to bid $0.0 for the bank, and also totally disregarded the stockholders and bondholders, as well as other liabilities of the bank. The FDIC required only the administrative costs for the transaction, and held the bank for only a few hours before ownership was transferred to JPMorgan. Washington Mutual Bank was forced to file Chapter 11 the following day. They lost $26 Billion in stock of WAMU (WMB) due to the bank seizure.
The recent declines in the stock market are well known, but few people realize that WaMu may have been the straw that broke the camel's back. This seizure impacted not just Washington Mutual Inc investors, but all types of investments in all US stock markets. Shock waves have cascaded throughout stock markets worldwide. This leads one to question whether Washington Mutual Bank should have been seized that September evening. The sale of WAMU, for a fraction of its worth, was conducted without regard for the bondholders or shareholders of the bank, much less for the effects to the confidence in our stock markets and our government in general.
Purchase and Assumption Agreement: http://www.fdic.gov/about/freedom/Washington_Mutual_P_and_A.pdf
CHAPTER 11 : http://www.uscourts.gov/bankruptcycourts/bankruptcybasics/chapter11.html#reorg
Video on What Happened: revelationsmedia.com/
Series R, Trading as WAMPQ
These can only be converted into common, and cannot be redeemed for cash.
Old symbol: WM.PRR, Issued 12-17-2007.
Outstanding: 3,000,000. Liquidation Value: $1,000
Interest Paid: 7.75%
On December 17, 2007, WMI issued 3,000,000 preferred convertible shares, at a price of $1,000, to raise approx $2.9B.
These were paying 7.75% interest.
Summary: http://www.secinfo.com/dr643.uCc.htm
Prospectus:http://www.sec.gov/Archives/edgar/data/933136/000095013407025552/v36537aexv4w1.htm
___________________________________________________________________________________________________________________________________________________________
Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc.
(WITH SHAREHOLDERS INTACT)
WASHINGTON MUTUAL EMERGES FROM BANKRUPTCY ON 3/19/12
WMI STARTS TRADING UNDER NEW TICKER (WMIH) 3/28/12
OPENED AT .63 CLOSED AT $1.00 HOD $1.10
VOL 2,596,805
Here's how old shares relate in value to the new share.
WMIH 8-K Filed 4/16/12
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8200474
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