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Thanks. I am the post holders. At least, I am glad the pre holders were considered. But, the law says NO.
In general, you're right. However, WMI hiding assets did not announce in public. It is unfair for pre holders. If those pre holders keeps their shares and finished the conversion, they should be considered. We all know that is impossible, however, I wish judge could consider a little bit.
I am not been fully paid yet. There should be more distributions.
Although POR makes no difference between pre and post holders, but I think pre-BK holders should get more because those assets had been moved to the safe harbor pre-BK. I am the post BK holders.
Don't know the reason why it goes up. According to the 8-k, it seems that Enrj is planing A&M. Also, resume some discussions with the holders of preferreds Class B.
Thanks
What's going up after filed 8-k? Preferreds fell down.
You would after all the creditors are fully satisfied.
Don't worry, nobody gets anything for the new share. Still under the big ONE.
Well, how is about 51% of NOL representing equities. The balance goes to remaining creditors. GLA
DB IPO should be 4/6/2017. I just exercised my right this past Friday.
Yup,mi remember this one, even I've released Dimeq.
You know "water" in Chinese fortune telling means $$$$
Thank you very much for your efforts. His response is chilling.
A&M could or may handle those hidden assets by another group instead of the LT's group. If LT has money / some return assets, it should pay "H" long time ago, in lieu of 13% interests.
That's is my wild guess, no DD.
I definitely see there is a possibility as you described here. That's also one of my last doubt in all the assets being transferred to LTs. If so, why WMIH hires two experts, to do what?
Yup, agreed
IMHO! If there is additional money left, it still goes to CTs before the the class below us.
By the way, I believe those Dimeq holders without release only get whatever their rights capped even they won the case in separate courts. Therefore, the capped theories only apply to those holders not select release.
Once you released your right, then preferreds have interests in WMI. Otherwise, why we do release for whom and what?
Having releasing our rights, we are all the same regardless you're preferreds or common. As LG said, we all have the interests in equities. The different filing in time only protects the assets in wmiic, which is the subsidiary of WMI. Everything would be back to LT.
Who is the holder of REITs. The answer is LT. According to Newflow's info, the LT will split the return per 75/25.
Basically, regardless what you had during the last minute, all will have the ROI about 50-60 times per every 10 billions.
I believe this formula is well calculated among all the equity holders. As LG said, preferreds and commons are all the equity holders if they casted release.
The only regret is those who did not sign the release.
Common probably gets $2.30/share.
The moment that we casted the release had no idea of the return in $$. According to the market information from the debtors, preferreds was only covered by 1% of the FV. Under these circumstances, why the holder of preferred allowed common to participate the newco in shares and escrows. Common should be wiped out according to the waterfall.
However, some one had the inside information and knew the return would be huge, i.e. those dirty 4 HFs. Therefore, after negotiation, it came out the formula of 75/25 split from everything come back to LT.
Also, in all documents, you have no place showing that preferreds only get face + interests.
He likes pretty woman. Look his wife.
It seems totally out of our expectations to form WMIH because JPM liquidated all MBS. Probably, the time to form WMIH is to manage returned MBS. Unfortunately, only cashes go back to escrows.
On the p.55, repeats again, "release" as BG always quotes.
Those, who did not sign the release, belong to this group. Otherwise go to P. 55.
Yup, agreed. I hold even investments in both.
Thanks for your information. The wordings "reach holder of a REIT" may be the key to open doors. Why should the court specifies this REIT? IMHO! There are returns of MBS to all of our escrows.
Has the motion been bared by judge?
Yes, I am common holders to have average 0.05/share. It is not fair and reasonable to uncapped.
Yes, I have both, pfrds and common. Pfrd let common to join in with us. Otherwise, pfrd would like "H" to wipe out everybody as those dirty HFs plans
Nothing that's much. No details regards reforms.
By the book, Az and TAn could be right. However, the final deals were massaged by all parties and agreed upon the rule of distribution. No doubt, you're right.
Great analysis, and logical. Otherwise, TPS would had walked away left nothing to rest of us/commons per waterfall. It's a compromise and agreed by all parties per POR. Anything come out unexpected, it would not change a bit. Also, case#1 BK filing was to protect the assists, not designed to protect common holders only. IMHO
Contractual right to P shares are guaranteed dividends.
Gov't owns 80% of the common, and old preferred gets the 20%.
Thoughts?
Enjoy the rides