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Administrators overrules moderators. Admins control IHUB as a whole. Moderators can only control the individual board/s within IHUB (which they were assigned to).
http://ihwiki.advfn.com/index.php?title=Handbook
The handbook is a good resource about moderator functions.
Sept. 2nd, 2015 court date likely cancelled.
http://www.kccllc.net/wamu/document/0812229150811000000000001
----------------------------
Next scheduled hearing is:
September 22, 2015 at 10:30 a.m. (EDT)
Refer to Post: 429758 and 430572 for some court dates. Some omnibus dates and claims hearings are coming up in August and Sept.
Yeah we know what he's referring to but he's being intentionally vague as to what events will occur so that he can still be "correct" when he's incorrect.
Contact customer service. You should have already received your distribution unless you do not qualify (ie. you did not sign releases or you did not own enough WAMUQ, WAMKQ, or WAMPQ).
Post# 431328
Slow down there cowboy. Nowhere have I postured an outside company acquiring WMIH.
My post was a response to your post about utilizing 3.5 billion shares for a M&A. If WMIH Corp is either merging or acquiring an outside company, and not the other way around, change of ownership should not be an issue nor voiding of NOL's (void - to eliminate completely).
If any merger or acquisition is to occur, retention of NOL values would obviously be given due consideration with the exception of the value of the merger or acquisition/s outweighing the benefit/value of the NOL's.
NOL's are always subject to risks including tax rule changes, expirations, so on and so forth.
----------------------
You seem to jump the gun a lot on various things. Calm down before you give yourself a stroke. You're obviously seeing arguments where there were none and statements that were never made.
"Change of ownership" and voiding of NOL value should not be an issue.
That info makes sense if "RICHGRIZZ" was referring to the total amount of shares he received post conversion (which if he was, I misread his post 431348 - it seems likely). Considering the board is largely on the topic of the amount of shares currently being distributed, I assumed that his 103 shares was what he received in this latest distribution. My mistake.
Consider yourself lucky then. At a ratio of 0.00343/share at Fidelity, you received around 6x more shares per Q than what Etrade and Tradeking received.
103 shares for 30,000 Q escrow markers is a helluva lot better than 17 shares for 30,000 Q markers.
Are you sure you didn't have K's? Your ratio is roughly 0.00343/share which is closer to K's than Q's.
Post#431192 (I believe Etrade)
Ratios will be a rough estimate based on rounding, no partial shares, etc.
Q's
0.0005625 per share of Q escrow marker. (R)
How it was obtained - took the amount of new WMIH shares I received (X) and divide by my total amount of escrow markers for WAMUQ (Y).
X / Y = R
Y * R = X
---------------------------------
K's
0.002857 per share of K escrow marker (R)
How it was obtained - took the amount of new WMIH shares I received (X) and divide by my total amount of escrow markers for WAMKQ (Y).
X / Y = R
Y * R = X
--------------------------------
Ex. You hold 10,000 WAMUQ markers
10,000 * 0.0005625 = 5.625 shares distributed to your account. Possibly 6 if rounded up.
If you received 6 shares of WMIH in this distribution and you hold 10,000 Q markers, your ratio would be 0.0006:1
6 / 10,000 = (0.0006)
--------------------------------
Ex. if you hold 10,000 WAMKQ markers
10,000 * 0.002857 = 28.57 shares distributed to your account. Possibly 29 shares if rounded up.
If you received 29 shares your ratio would be
29/10,000 = 0.0029
TradeKing
Holdings have been updated to reflect new shares from distribution.
My Accounts > Account Summary > Activity
I see 2 entries for Bookkeeping of WMIH Corp. I expect that if you have more than 1 holding (Q, K, P in various combos) you will see 1 entry per holding.
I hold Q and K. K shares have been added in the activity portion.
Also escrow markers are still listed.
W007911 - Q
W007919 - K
---------------------------------
If you haven't received anything yet, contact customer service.
W007911 - Washington Mutual Inc (Also known as WAMUQ)
W007919 - Washington Muin Be (also known as WAMKQ)
I hold K's and Q's
I don't hold P's so I don't know what those are labeled. I would assume the W007918 is WAMPQ and not WAHUQ.
I found it on the My Accounts > Account Summary > Activity.
Date: 8/03/15
Activity: Bookkeeping
Quantity: (not gonna list how much I received)
Symbol: WMIH
Description: WMIH Corp
Price:
Comm.:
Fees:
Amount:
I hope that helps.
Thanks I see it now.
---------
Activity - Bookkeeping. LOL
------------
Doesn't show up in my holdings though.
4:56pm CT, no shares distributed on TradeKing yet.
August 3, 2015.
I find it funny how old news is now "new" news.
http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html
For percentages, you multiply with a decimal. The calculation is apparently 0.7% (or less than 1%)
100% = 1
99% = 0.99
10% = 0.10
1% = 0.01
0.7% = 0.007
etc.
-------------------------------
0.7% of 27,000 shares is 189 shares
0.007 x N = Y
Where N is the amount of shares you initially received at conversion rate and Y is the amount you will likely receive from distribution of the 1.4 million Disputed Equity Escrow.
----------------------------------
Or you can use this formula
1.007 x N = X
Where N is the amount of shares you initially received at conversion rate and X is your total amount you hold (assuming you didn't sell any shares after conversion and after distribution of the 1.4 million disputed equity escrow).
Uh... no, refer to my old posts. I never believed that crap.
"Made a payment" does not necessarily imply "partial" or "initial". A payment made can be in full and still use the phrase "make a payment" or "made a payment."
An example of various phrasing:
"Made a partial payment."
"Made a initial payment."
The above would be used when describing either a down payment on a purchase or a initial payment as with an installment agreement.
A list of claims and their court status in semi organized form as of 7/10/2015. (Note: may contain errors, may be missing items)
Status: The hearing on this matter is continued to a date to be determined.
Claim 2159: $10,950
Claim 2683: $6,197,234.00 + $10,950.00
Claim 2687: $10,950.00 + $8,825,832.00
Claim 3725: $8,961,792.58
Total: $24,017,708.58
---------------------------------------------------------
Status: The pretrial conference regarding this matter is continued to a date to be determined.
Claim 466: $1,009,690.00
Claim 658: $346,211.88
Claim 710: $814,261.06
Claim 749: $55,000.00
Claim 986 + 996: $1,158,720.07 + $10,950.00 + $119,050.00
Claim 1743: $224,000.00
Claim 2106: $860,331.24 + $58,168.76
Claim 2129: $326,826.37 + $10,950.00
Claim 2539: $581,627.55
Claim 2543: $10,950.00
Claim 2571: $1,219,850.60
Claim: 2612 + 2607 + 2602: $1,176,148.76 + $10,950.00 + $84,050.00 + $73,324.21
Claim 2681: $10,950.00 + $7,730,761.00
Claim 2804: $753,749.79 + $10,950.00
Claim 3862: $842,685.33
Total: $17,500,156.62
------------------------------------------------------------
Status: The Court has entered an order resolving certain claims subject to this matter. The hearing regarding the remaining claims is continued to August 17, 2015 at 10:30 a.m. (EDT)
Claim 4095 and 4096: $170,012.00 + $188,000.00
Total: $358,012.00
--------------------------------
Claim 2108: Rotella Response filed 12/6/10 [Docket No. 6256]. The hearing regarding this matter is continued to a date to be determined.
We still have them because WMILT is still active. There are employee claims left over that need to either be settled or disallowed.
Assuming that there are no hidden assets anywhere left over (the billions theory) and that 100% of the remaining claims are disallowed, there will be money left (millions).
3 theories regarding escrow:
Billions - hidden (or semi hidden) assets that will be returned to WMILT.
Millions - a combo of either settling or disallowing remaining claims
Nothing - nothing remaining after settling all claims in full.
---------------------
If you believe either the millions or nothing theory, you will be accused of being anti-escrow or not owning escrows at all and/or having a hidden agenda.
If you believe the billions theory - you are will be considered firmly in the pro-escrow camp and/or delusional.
What you believe is up to you.
----------------------------------
This is basically the summation of what's being posted on this board (regarding escrow). A lot of back and forth between both camps trying to prove that their theory is correct.
What is going on here is the usual. The random and "unexpected" volume increase with price increase followed by the inevitable price decrease followed by volume decrease.
It's a standard "pattern" for WMIH and so far, the only reliable pattern.
There is no HMMMM or conspiracy on this. The Bloomberg biography is incorrect. They mixed two biographies, period, end of story, no ifs, ands or buts about it. Someone who updated it f***ed up. Spectacular fail.
This has been addressed during the formation of the Equity Committee.
Anyone who owns escrow should know this because it WAS a big deal (keyword: WAS, past tense).
----------------------------------------
Michael A. Willingham - Pepperwood, FDIC - Not our Willingham
Michael Willingham - from Houston, Mirant and Calpine - Our Willingham. What Willingham did for equity holders during the Mirant reorganization is one if not the leading reason why we have/had high hopes for him.
-----------------------------------------
I swear, people are starting to grasp at straws. Old straws at that. So much noise and not enough substance.
Damn those MM. Don't they know there's good news coming? Some posters here can feel it in their bones.
Mr_Simpson72 sees that as a buy. I see it as a sell.
(Buy) 5 shares 2:11PM - $2.69
(Sell) 867,760 shares 2:28PM - $2.68
(Buy) 1,100 shares 2:29PM - $2.72
We need another person to confirm.
(Tradeking data)
No date of completion.
August 17, 2015 at 10:30 a.m. (EDT) is Hussain Kareem’s Proofs of Claim Nos. 4095 and 4096 and Seventy-Eighth Omnibus Objection
September 2, 2015 at 10:00 a.m. (ET) is about the Motion for an Order to Show Cause Why Sanctions Should Not Be Imposed Against Washington Mutual Liquidating Trust for Failure to Comply with the Court’s Final Fee Order [Docket No. 10476] by Failing and Refusing to Pay Approved Professional Fees [Docket No. 11994; filed 4/27/15]
http://www.kccllc.net/wamu/document/0812229150710000000000001
Several matters have yet to be scheduled.
August 17, 2015 at 10:30 a.m. (EDT) and the one after that is September 2, 2015 at 10:00 a.m. (ET)
Followed by:
September 22, 2015 at 10:30 a.m. (EDT)
October 20, 2015 at 10:30 a.m. (EDT)
November 24, 2015 at 10:30 a.m. (EST)
December 23, 2015 at 10:30 a.m. (EST)
http://www.kccllc.net/wamu/document/0812229150709000000000001
(All dates subject to change/rescheduling.)
As long as this stays OTC, chart patterns and volume will remain irrelevant (as a prediction method for important news/events).
Look at the chart carefully. I've read the chart, apparently you haven't.
Feb 24, 25, 26.
Apr 1, 2, 6, 7. (stock market holiday on the 3rd, 4th and 5th are weekends)
April 30, May 1, 4, 5.
May 14, 15, 18. (16 and 17 are weekends)
And every single one of those rises have either come with relatively low volume (around 500k, with the lowest around 200k if you go back to a 1 year chart) or insanely high (relatively speaking) volume (800k+. There is one at 2.7 mil Feb 6).
A 26 cent rise in back to back days for WMIH is absolutely nothing. Anyone following daily PPS would know this. Anyone invested (both time and money) in WMIH knows this.
And you can go back into many pages of history where this has happened over and over again.
Check out "Boris the Spider" past posts whenever there was a huge volume increase.
Several times.
http://stockcharts.com/h-sc/ui?s=WMIH&p=D&yr=0&mn=6&dy=0&id=p52180235861
And if you go back 1 year and the year before that and the year before that. It happens, several times, every year.
Every single time it happens, there's always a group of people that says there's news coming or something major is imminent, only to be met with more disappointment and a subsequent "MM shaking the tree" or something equivalent to that statement. Very common occurrence.
TradeKing - they are still seperate.
WAMUQ - W007911
WAMKQ - W007919
Summation based on the exact word. It's hard to misinterpret something that says 1 + 1 = 2 and summarize with 1+1=2. I could also say (1+1)=2. Stick with what can be PROVEN with EVIDENCE. I provide mine, word for word. Which is more than what 90% (dare I say 99%) here can say.
Take a look at how many people don't actually read what is in the documents word for word. How many read documents that are simply outdated by a more recently released document? How many here or used to be here have read things that simply were not there? MANY. I can understand if English is not the reader's first language and thus would make interpretation hard, but how hard is it to interpret something that makes a clear and concise statement. How many frequent posters were there that made the claim that there will be an acquisition or some major event around July 5th? It's July 15 (as of US Central Time zone). I know what posts I made regarding that. Granted, if you regard the filing of an S3 to be major then yes a major event did happen, but clearly it (event) was not at a level that many were expecting.
I've said in a previous post and I will say here, PROVE ME WRONG. It's simple, find me multiple recent documents (at this point I will take a single document) that would contradict any quote with link I have posted. I will read and take that info into careful consideration. It's simple, document link, exact quote. I will read it, then verify, then post. Take a look at post 428921. If you send me a PM, I will post the PM so that all may have better clarity. I do not intend to hide anything that can provide more useful information.
I've been here for a long time and here we are; it's 2015. Since late 2008 this has been a giant cluster **** with countless predictions from people who believe they were smarter than what the filings have said. Predictions which never came true and has led to creation of characters such as thenurseisback and PickStocks (to his/her credit - PickStocks has toned it down a lot). I remember listening to the bankruptcy court proceeding LIVE and finding out Rosen was basically going to screw equity. Back then I was around the yahoo board (which unfortunately is now filled with spam, spam and more spam.) and read the bopfan stuff and all the crazy *** theories. I even downloaded the court audio recordings (Sorry, I can't remember who uploaded those and made the links available, you definitely have my gratitude.)
At what point would a person finally say/think, oh, how about we not hype anything up so as to not fuel further disappointment and to stop the incessant whining such as "WHEN ARE WE GETTING PAID," BLAH BLAH ROSEN THIS, BLAH BLAH SUCKMAN THAT, BLAH BLAH BOARD OF DIRECTORS BLAH.
When the time comes when escrow markers are erased and you find yourself with nothing except what converted shares you have received, what will you do then? Will you become a thenurseisback or will you disappear quietly like so many others before you?
We all have dreams and hopes. I get that, I really do. However, when dreams come into obvious conflict with reality, it becomes a problem.
If escrows get billions back - you and others can gloat if you wish. I will be enjoying the influx of wealth. In the mean time, I will keep my expectations a heck of a bit more modest (millions if lucky and only if all the claims get denied) and suggest any reasonable person to do the same.
Yes I have read filings and documents over the last 7 years. In fact, I'm confident in saying I'm one of the few that actually HAVE read it. Keyword - read, not skimmed, not browsed, not glanced over, but R.E.A.D.
Refer to my previous posts - go ahead, look them up. Many quotes from relevant documents WITH links. No reworded quotes. Actual text that you can look up using CTRL+F.
Same offer applies to hotmeat, you as well as others who happen to read what I have posted in the past and found that the links were broken. Let me know, I will try to find you a working link to relevant document.
And to answer your question: Yes, I no longer believe that Blackstone has any further involvement in WMIHC and thus would no longer facilitate any future actions with WMIHC/KKR.
P.S. Would love swampland in Florida. I hear the bass fishing and gator hunting is good those types of waters.
Credible source of... Information? Yes, I know.
If you refer to my past posts that are relevant to WMIH, majority of what I quote is word for word AND I provide links to where I obtained them. Unlike some who would say go look it up yourself, I have done majority of the legwork for those that are too lazy to go search.
If you are questioning the validity of such quotes and the links are broken, let me know, I will try and provide you (as well as other readers) with a working link from a credible source. Majority of the links I post comes from either kccllc.net or sec.gov.
Blackstone is no longer involved.
You can't buy or sell escrow. If you have escrow, you would know this. Even if you didn't have escrow, it's been stated many times.
--received pm from dudder54--