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These targets sometimes confuse me. When someone like Credit Suisse puts of target of $64, what time frame are they looking at, and can they data they used to come to that conclusion be referenced anywhere publicly?
I have several communications out to Fidelity as well, that have now supposedly been escalated. My question after much discussion with them was - Can you provide me with the documentation that authorized Fidelity to expire/cancel my escrow shares in the various WMIH common and preferred stock I owned prior to the bankruptcy declaration? I am not a fan of automated processes going through my account without some kind of audit trail. I simply requested to see the audit trail. I'll guess I'll see what happens.
I had about 55000 escrow, which converted to about 300+ COOP. I also had about 100 and 1000 of the respective preferred escrows, which got me a few more COOP. I've added about another 500 COOP along the way from profits of other stocks.
I will continue to follow COOP once everything is done with escrows. Don't comment much, but do read somewhat frequently.
Mine were removed from my Fidelity account as well. I just spoke with someone there, and they stated that they consider the bankruptcy closed and those cusip holders have no value so they were deleted. I attempted to ask them what specific document they receive to initiate that action and the rep was unable to answer that. She said she would pass it along to see if someone else could answer, so I may receive some additional information at some point, but I'm not holding my breath. I will update if I get an additional response from Fidelity.
I put an order in a month or so ago to sell at .001. It got hit yesterday. Figure I would see if I could buy back in at something like .0003 and got a message that Fidelity won't let me buy that stock due to high risk.
So what are millenials doing with their money? Are they spending it all on housing?
I have a few other stocks that that show Vanguard with a 13G over the last few days. Not sure what it means, or if it is some accounting type of thing they just happen to be doing now.
AZ - if my account info is accurate, I received roughly 13.86 cents for each of my Dimeq
I pulled a couple random sites, including NASDAQ and they are saying 1/30, based on estimates determined from dates of previous earnings reports. I saw 3/6 on Fidelity as have others.
Cents- Sidedraft showed me where I can control specifically which shares I trade. In all honesty, with this account, I either do very short term trading or don't touch the stock for years. When I do trade, I typically don't need to be that diligent as far as picking specific shares. Thanks for the insight.
Quick question --- I have x number of shares in my Fidelity account for COOP from as far back as 2010. I purchased additional shares at numerous times, including some in the past week. If I were to sell some of my shares, does anyone know which ones would be removed from my account? Thanks.
I'd estimate between 55 and 60.
For anyone -- From the decree posted earlier -- will we see that this has been done?
7. Within fourteen (14) days of entry of this Final Decree and Order, WMILT shall
(a) file with the Court and provide to the U.S. Trustee all outstanding post-confirmation reports,
and (b) pay all fees due and payable pursuant to 28 U.S.C. § 1930.
Anyone know what Gordon Novod contributed to the hearing?
Release Confusion/Burnout
I am not trying to question anyone's knowledge / research -- but simply to get confirmation as the topic has been discussed many times over the course of this marathon BK ---
As far as releases - It seems that the only way to get shares of COOP would be to get them as part of the settlement or to buy in the open market. If one had shares of WMIH and then received COOP shares without purchasing any, that would seem to indicate that they signed releases. Could one have received COOP shares without purchasing on open market if they did not sign releases?
If the answer to that is no, then wouldn't the fact that you now have x shares of COOP instead of y shares of WMIH indicate that some records would be available regardless of what from the BK case gets destroyed? Thanks.
For the brief time I could click on them, it basically brought up a default bid, ask of 0.00 and nothing else.
LG -- You jinxed me. I just went back in and can no longer click on them, from the positions page!
In my Fidelity account, I can now click on the escrow holders where I was unable to previously.
This legal stuff is beyond me, but if anyone can confirm, it is much appreciated. I am not sure to objecting but as far as actually setting confirmation aside, I thought there was like a six month time limit from time confirmation certified, though maybe the ability to produce evidence of fraud overrides that.
I have been away for quite some time and when here, witness some intense discussions related to pretty much everything. Recently there has been discussions about the CUSIP/Markers being cancelled and what that may mean.
For those that signed releases, it sounds like they received the markers as well as other information documented somewhere, whether that is with a broker, with the courts, with whoever will be responsible for any distribution,etc. I have question related to how one can confirm those releases if the markers are cancelled? I would think one could go to a brokerage firm if they are kept there. If they are with the courts, or those responsible for distributions, how can one make sure that they will not mysteriously vanish?
Thanks.
My Fidelity account has replaced WMIH with COOP. No live price for COOP though on my positions page. Looks like 1/12 of what I had in WMIH.
With this stock, you never know!!!
Not sure if these are right, but looks like volume for CPMK since end of January:
Read more: CPMK Volume History
Looks like a few days with no trading.
Is this recent? My memory has faded over all these years in this stock, but didn't he get in trouble for overbilling at some point during the BK proceedings?
Now that deal is done........
I have been away form the board for a long time. Can anyone with knoweldge/insight summarize or speculate what the infusion of money from KKR will be used for?
Thanks Side -- so now a follow-up -- Is the estate the new WMIH of some moneys held in reserved from the settlement? If it is WMIH, we may be filing for bankruptcy again before this thing is done :[
So at this point, who gets billed for all this stuff related to hearings, etc?
Willingham also has some do nothing BOD job that pays more than it is worth.
My Fidelity account has the new shares available. I tried to put a sell order in for $30.00 and it said i had to call a rep because there was no previous price on the stock.
AS far as being on the pinks, I assume (though have no idea if it WMIH will be) that stocks can begin in the dollars + range. If so, I would think that manipulation would be more difficult. Otherwise, once trading starts, things will get very interesting.
Could always be promising these people big bonuses once they actually report income, etc.
I pray that I do not receive a copy of that 911 page document in the mail. Please stop wasting my money, BR!!
After reading the Q & A from the EC, I noticed that several times, the phrase "best chance of recovery" or something close was used. Would anyone be able to comment on what could possibly prevent a recovery at this point? Could JMW at this point actually take everything away from common?
unfortunately, there probably isn't much the rightful owners, the shareholders, can do. We will probably have no say in what happens.
Is there any financial/stock type of person that has experience with these types of things where the new company actually does start to trade again? I've had a few penny stock I took a chance on that had shares in my account for years that eventually disappeared. Those were much smaller companies. Although the new company here if it actually surfaces will be much smaller thatn the WAMU we all remember.
Any thoughts are much appreciated.
Chiron -- I'll bet most have us didn't think that in the beginning, but over the past 3 + years have grown to know Rosen pretty well, and apparently so has the market, not trusting him a bit. I guess we should have thought this way all along.
What does impaired mean in this case? According to the other plans, class 22 got nothing. If we get something, is that still considered impaired? Or is class 22 again getting nothing? I can't see that being the case and having
From uzualsuzpect's post:
Page 1589
"Class 22 is Impaired by the Seventh Amended Plan. Each holder of an Allowed Equity Interest is NOT ENTITLED TO VOTE to accept or reject the Seventh Amended Plan and shall be conclusively deemed to have rejected the Seventh Amended Plan."
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=916776&mid=916776&tof=2&frt=2#916776
I was hoping someone from EC would put out a letter that would lay the cards on the table for all to see. SHouldn't the shareholders know what we are voting on? FOr those attorneys on the board -- How much can be legally revealed at this time?
I am leery of there being something in these documents the average person (me) can't interpret properly, so my vote could scr*w me.
To chaarles: I contacted Susman/Godfrey (Kimberly Young -- media rep, whose email was on website) yesterday and it was forwarded to Mr. Sargent. I basically asked if they were going to issue a statement to shareholders. This is Mr. Sargent's response:
I was forwarded your question about whether the Washington Mutual Equity Committee intends to issue a press release or statement concerning the recently-filed proposed Plan. I expect that a letter from the Equity Committee supporting the plan and explaining its terms will be filed with the Court in the next day or so (actually, I had expected it to be filed with the Disclosure statement Monday night.)
Regards,
Edgar Sargent
Has anyone had contact with Susman or Willingham in past that might be able to contact them now. I would think they would be allowed to speak now and to give some kind of summary as to what happened and what the future holds.
If I would have bought on virtually every Friday and sold on Monday for the past three years, I'd be a billionaire now!