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Since senior security holders are compensated around 40%, do they have to reach 100% or much higher percentage to be fully satisfied before we could see something? Or, the above statements are on longer apply, why -- cotton's theory ?
Thanks
Thanks for the info.
Hi, Linda, is great to see you back, welcome...
I knew you guys won in the court for Dimeq. I selected release. What is the outcome of Dimeq?
Celebrating with Ines
Thanks
Does that mean JPM only assumed 45B from WaMu?
Are you saying there is 120B (165 a 45) been transferred to the safe harbor before 9/2008? Or, there is nothing back to escrow because JPM closed down or sold all failed loans?
Appreciate your comments
Excellent answer.
Will US court rule the same as UK court?
Hope you're right.
Yup, I agreed. Also, I'm worried this settlement includes the release of FDIC-R and of course FDIC. If so, will it damage those hidden assets in safe harbor? Very confused...
JPM purchased WMMSC. Any idea of how much is it, and who was owning it before purchase? TKS
What is the latest news regarding uwbkq?
I am not saying whoever sold their commons during this turmoil. I consider those people still holding pre-BK shares till POR 7 reached then converted. WMI abandoned those people who had 100% trust on WMI. If there is so much money coming back, I think pre holders could sue WMI for the misleading and resulting the shares became worthless.
In an addition, I am also a holder of Dimeq. I took release. Later, all those Dimeq holder refused release won their case in court, and will be fully compensated by JPM. Therefore, if theory is with capped preferred, then what those released Dimeq gets???
So, substantive consolidation resolved all issues. If you look JW's rulings on other BK cases, she is prefer to this SC.
Yes, FDIC will charge FNBC for 1B of this turmoil. I think FBNC did not file BK yet, we'll see. Maybe sooner or later.
Not yet. Delist does not mean cancellation.
Also, those pre-BK holders common had 100% confidence on WMI. So, after WMI filed BK brought them to the bottom. WMI owed those holders an apology.
Unfortunately, nobody in EC knew how much $$ parent company has been hiding. In order to compromise everyone, JW approved substantive consolidation of 75/25 split. Then, there is NO cap for preferreds.
Your theory is correct. Unfortunately, common was dropped to $2ish right before BK.
Therefore, I always say that those holders of pre-BK commons should get considerably higher compensation. But, the other side opposed my view is also acceptable. I am at the mercy side, the other is at investment side.
You're right provided that there is a 75/25 split per 1 billion dollars to estate.
HM saying every 1B back to common then common gets 0.9/share. You're saying every 1B back to estate, then you get 0.32/share. Different comparison.
No, common gets 0.9/share per 1B.
Those are the old ones, or the news been generated by the computers which are used by MMs to manipulate the prices = pump then dump. Be careful of those posters. You read then you know it doesn't make any sense.
75/25 split does not include the interests. There is no interest for preferreds. FJR only applies to class 16.
The same as common x ?? Times. No difference between preferreds and common.
This is a substantive consolidation which supersedes all other rules by BK courts.
Sell quickly or see ps @0.1.
Like yesterday, pump then dump.
Of course, you're right. The ticket price is $0.05/share.
But, you don't know how much the debts the parent company owed to the creditors. How much effort FDIC will charge you, etc. If so, why Whitney only cherry picking the best rather purchase the whole? Remember, the parent company still need additional 250m.
Old news. Everything's gone.
It won't happen. The Whitney had cherry pick the best performing branches, and left all others to share holders. The game is finished.
Now, going down fast.
Pump and dump
I remember you always say "24B". HaHa, such a good match.
Thank you very much.
The information I have May be old. FNBC Has class C convertible and class D ordinary preferred stocks. But, I could not find any related cusp numbers.
Does FNBC have preferred stock? Knowing the symbol?
Finally, I voted. Except #2, I voted others against. Fxxkg board only sucking blood from us.
We're closed to the end. Thanks and GLTA.
What are those major issues left beside employees' claims?
Got you points. Thanks