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So true Rockie. After 11 years it won't change and if no money flow to escrow they will either disappear for a few days or come up without another date somewhere in the future.
Boris,
I hope you are right. I tend to think that after 11 years going into the year 12 that the time elapsed is communications to us and that is we are not going to get anything from the BK. Now they are talking about a recession which these people, if there is any money, are not anxious to do anything. I wish someone who knows the truth and have the facts would tell us. What you read on this board is nothing but assumptions based on reading documents and their interpretations. It has really come to be a sad state for those who are hoping and looking for something to happen soon.
AZ....I get that but there was someone that could have moved this BK alone much faster than now 11 years. Judge W as well as the attorneys had this responsibility and they failed. Eleven years is tooo long and still nobody can tell us when the money will start flowing. If nothing else Alice has sent a message and that is "11 years is too long and we are tired of all this BS".... we want facts!". At least she has taken action.
Rosen has nobody to blame but himself. He kept the bankruptcy going on this long because he wanted to rob the piggy bank of as much money as he could and now he is having to pay for his greed. Even if Alice don't win she had definitely made his life miserable. He should have closed this BK years ago.
Amen to that...People keep talking about the same things over and over again which doesn't really say where the money is and when we will get paid. It's really weird. Start giving hard facts on where and when.
I think we all are sitting on the edge waiting for the money to flow or just an official announcement of how much and when? How the justice system can allow this go on for 11 years and not consider the little guy in all of this is beyond me. I tell my son all the time "treat people like you want to be treated and you can't go wrong". If Rosen and Walrath put themselves in our place they would not want to wait 11 years and pretty soon starting year 12 without any information. For me everything discussed on this board is based on speculation. Speculations are not facts...it's yes it could or it may not. Just frustrating!
I agree. After 11 years people should get tired of this and start talking about the unanswered question....when is the money going to start flowing?
(LOL).. I can appreciate that. I have read and there is nothing that says it's ours.
Royal,
Why do you keep posting this crap which has nothing to do with us. Why do you do this?
Not looking for any shares just want the money that suppose to start flowing outside of the LT to start flowing to escrows according to AZCowboy.
Thank you newflow for your response. Do you know what is holding up the distribution to escrow?
I'm not sure if some of us here understand the real issues. We keep chewing the cub on AG, Trusts, LT, etc. Nothing concerning what most people want to read about. Is there anyone that can tell us for a fact as to how much money, if any, is coming to escrows and when?
You know...I don't care about the UW or the oter information reported on this board. All I care about is when am I going to get the money that most people are talking about. Wake up people and focus on what most are wanting to know....when do the money start flowing?
I'm with you ...Walrath is the reason this has gone on this long and why Rosen has been able to robbed the Trust as he has.
That's true. I'm watching an episode of American Greed and these guys don't know when to stop wanting "mo money".
What final rewards? Where is the guarantee of these final rewards? I thought so....none.
Well..I wonder what those are saying that initially contributed to her fund. They have got to be mad at what she asked for herself...$3M. After 11 years of waiting and getting no money or an answer to the #1 question you can't blame her for trying. I don't think she will show up on that board for a long time if at all. If she knew there was money coming to escrow I don't think she would have asked. This proves she knows nothing even with all the stuff she posted on the other board.
Large Green,
Why do you keep posting this? You keep posting this riddle as if it's answering the question and that is ...When is the money going to start flowing? It has been 11 years going on 12 years this is where we are now.
No riddles. Again one question...when will the money start flowing?
Yeah...that's too much like doing the right thing. Let's face it these trust lawyers make their living off of bankruptcies. It's a mighty good living at that. I'm sure they decide upfront how long they are going to keep it going based on how much money is to be had. We have been here for 11 years waiting and waiting and waiting and nothing. There was a time long ago when most were hanging their hopes on the words of certain posters.
Now it's just frustrating to read the same stuff that was placed on this board years ago. If you don't know for sure ..... if what you're posting is speculation....why post. You're giving false hope. I hope it's not but 11 years pretty soon to start year 12 and no money is flowing. It's hard to believe there is money coming our way. Again if the money is not coming from the LT then what is holding up the flow. Makes no sense.
I'm amazed that the Judge approves this without the trust explaining what these costs are for. This has been going on for 11 years...what are they charging for. This is unreal. It proves that this has gone on this long because of money. They get theirs first and we get the leftovers that is if anything is left. It's organized this way.
wowalters....
"Impatience is childish."
This statement is a joke, right? It's been 11 years and starting year 12 is around the corner. Who are you? Are you a spy from the Rosen camp trying to make this long wait appear to be ok. People expressing the longevity of this case as being impatient and childish. Ludicrous statement.
I see the point. I just want this to be over with. I thought and was hoping I would have had plenty of money by now to buy me a house.
Wrong about what?
This is why Rosen stated that there was nothing for us. The lawyers objective is to drain as much money as they can from the trust. They know how many dollars is there and they will do whatever they can to get nearly all of it. This is American Greed at it's finest. We the creditors/escrow are at their mercy which should not be so. We have no rights and no voice.
I hope so too. If the money is coming from the FDIC and the market tumbles I believe they will not release any money but use it for something else. I just don't understand why after 11 years why the money is not flowing to us. To me if we go into 12 years may be we are dreaming about something that is not going to happen.
wamugold....I think we ALL feel this way. Unfortunately someone else has the controls on when the money flows to us.
cura asada,
I went back and looked at my escrow markers and the number assigned is 939ESC968 and I have not received nothing. How do you know distributions have been made?
cura_asada thanks for your reply.
I listened to the tape and Rosen stated that the Appeal by Ms Griffin will not delay the closing of the bankruptcy because there are no additional funds set aside for that claim.
I gathered that when the LT distributes the last penny and/or shares that is it. Now AZ is saying the money for escrows will be outside of the LT and if he is correct the money should start flowing immediately and if not I think we have been mislead to think there is money somewhere waiting to be distributed and it's not going to happen. The other observation is if the money is coming to us outside of the LT then why hasn't it started yet? IF there is money then it should be flowing. If there is no money then you have what you see today.....nothing.
Yep...so how many shares do you think you will get?
So True.
You're going to be in trouble...
AZ, I think most people understand about the monies not flowing thru the LT. The question is if it's not then why hasn't it started flowing already. This saga has is like a riddle with no sensible answer or conclusion. We could go on like this for the next 10 years.
Large Green...give it up. After 11 years of waiting do you think there is anything coming to escrow. Rosen and the Judge MW is laughing at us and can't believe we are still here talking about what we are going to receive.
Seriously, both her and Rosen need to be investigated.
My hand is up! There are people who know what we get or don't get but they are not talking. Every word on this message board is not based on facts but rather "I think" which does not prove anything. I'm so ready for this to be over!!! For 11 years the judge has allowed this to linger like this rather than pushing for a close. She also has approved every expense regardless of how ridiculous it was. She had the power to get this done years ago. All she had to do was tell Rosen no more approving expenses until this is over. I guarantee he would have stepped up the process.
Even though many have given their point of views on this issue after 11 years and not a inkling of any money being return to Preferred and Commons It's difficult to believe there is any money for us. It's a shame ... the millions of dollars that have gone to the lawyers and nothing.
He's being sarcastic. He not telling the truth about his connection.
He knows nothing.
Only a few months and we will start on year 12. For me this is unbelievable for this to go on this long. I just don't believe there is anything for escrows. If there is any money the vultures (lawyers) will drag this out and drain the piggy bank dry.
Lodas,
Thanks for responding and I appreciate you taking the time to give your thoughts. It's difficult but I will stay the course and hope this will turn around soon. Thanks again.
It just seems like we are burning from both ends...Coop and the Bankruptcy. We don't have the inside info on either one to know what is going on. It's like being lead to the slaughter and thinking they are taking you to a fantastic place to relax and have fun. It's been 10+ years and the COOP deal was suppose to have brought something positive and good to this bad situation.