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Yes that is correct! I, as well as some others covered this a couple weeks back.... they just put it all in DE. I as many others much appreciate your efforts as always. I think the elephant soon cannot be hid nor will it be too much longer. As far as seeing it I still say its very difficult to nail dates down. Furthermore I do believe that this whole process is a little shadier then your typical BK for sure.
Again I maintain it happens very quietly and to little or no fanfare. This will all be wrapped up much before the end of 18 and certainly because of what I see as No Matters going forward. Will see?..... Reading and researching like many others. Enjoy your day AZ
New Year Regards,
B
It's My Option
I have just gave Ilene Slatko a shout out. I have stayed close to her over the years ..Awesome Lady. She is doing consulting now but Wamu is still near and dear to her heart. She will get back to me. I will update you as soon as she contacts me.
Regards,
B
Happy Holidays Looking forward Too 2018
Been out of the loop focusing on family and the spirit of Christmas. As we are on the 3rd day of Christmas looks like the French Hen's are warming up to lay some eggs! Lets see if we get % Golden rings on Friday since it would be a very ironic to the song. Staying happy and hopeful.
Anyway looks like some institutions have been hard a work.
institutions 12/21/17
Enjoy the spirit of the Holidays and It is my belief this year will finally close the book on this saga. Just a educated reasoned Hypothesis.
Third day of Christmas Regards,
B
Bova80
That is up to you my friend. Whatever conclusion you come to, it is your responsibility to make your own decisions based upon all the available knowledge.
Regards,
B
JB3136
OK so if its B.S you should not put any value in it and if you continue to do so you do so at your own making. How can you be upset unless you have placed value in something maybe you should not have>
No biggie so I get you have placed value in statements by others you beilved or hopped would be true. You did that no one else dd. So do not do that again and you will not be disjointed. At the same time do not rip into others for sharing their thoughts as only you can decided how much value and hope you are willing to invest.
Respectful regards,
B
Thanks Aaron not necessary though! I make my own decisions and I am glad you share when you do. No need to apologize though as I make my own choices based upon my own beliefs. You are not responsible for anything except yourself.
Regards,
B
Taxes going to EXE desk for sig so that is all gonna be decided now ! Do not know what diference it makes to the Major players but it is an unknown that is removed. Overall I think its a positive.
Healing up regards,
B
P.s.
BBan gonna get to you, have not forgot. Just got a wrench thrown in the works.
Lodas ,
Look forward to seeing your creations tonight! You are a man of many talents.
Creation Regards,
B
Welding helmet I had on. I was upside down welding inverted and c clamp vise sprung beam pulled hand towards my face pushed the gun and trigger to my chest contacted I-beam right in front of my naked eye and made contact for about a 1/2 sec before I rotated my finger of trigger Thank God it wasn't closer.
I would say that is incorrect,,,, respectfully a lot of the players at the table in the room next to ours know or they would not be here. This and other messages boards do not know because we were not privy or entitled to mediation, and or the settlement, as well as the mechanics of any distribution. However, it does not mean someone here will not uncover something of value and true telling ...we and they have just not connected and found all the pieces yet. Do not give up! keep trying as and when you can.
Many words .....Respectful regards,
B
Speculation, Thoughts and Nonsense.
What I know is all the D.D. I have done and will continue to do so points to nothing I know to a 100 % correct dollar amount or payment to Escrow holders.
I did not create the settlement or are privy to anyone or any internal disscusions that would shed light on the $ amount that Escrow shares are to recover.
I am not an expert bankruptcy attorney. I am intelligent, based upon my I.Q. ,"however its news to me" I am familiar with Chap 11’s .
I can read well and easly find resources to help me decipher stumbling blocks and ambuguities. I know that the amount of money that WMI had ,and some safe harbored in trusts and other vehicles was is staggering.
I also know that some of the very best lawyers and accountants in the world are and have been employed in this case and in reaching the settlement. “The best only come to play when they can make lots of money. “
I KNOW that this was a matter of of National importance and washington mutual was taking down to save Jpmc from failing JPMC desperately needed the deposit base. However I believe that fraudulent conveyance is real …..and has consequences that payment has and will be received in some form one way or another in a small or large package.
I know that this was all spun as a failure to cover the real motive. I also know that our legal team was silenced a few times in court early on as they touched on a few issues that where not to be spoken of. I know Steve Susuman upon approaching the bench tendered something to the Judge that Got sealed. I do know that some of the biggest Hedge funds in the world are heavly invested in both classes of holdings Escrow/New shares. I know all longs are tired of being left in the shadows of a extremely long chap 11 cloaked in deafeningly quiet air tight case.
I know that so many here are working on a daily basis to find the path and mechanism that will prove recovery that are selfless, bold enough to share, wok extremely hard to unearth the pathway forward to reimbursement and restitution.
When it all gets boiled down I do not like to predict amounts and timeframes. I do appreciate those whom are bold enough and have the courage to stick their necks out and make best shot at it as this is a message board to share thoughts ideals and contentions. This is not a place to put others down or off because they were bold enough to share their D.D.
It’s a big boy world so do not put your faith and belief in someone else. They are merely sharing what they are kind enough to share and in the end no one except yourself can feel ,blame ,or be upset with anyone other than yourself.
In the end whom ever is right wrong or somewhat either way gets no $$ they get no compensation , they get the self-satisfaction of calling the winning number, but in the end that is NOT why most contribute here.
I personal feel payment.01 to ? will come very quietly and with no fanfare. I feel the only indictor we may have will be WMIH , however that too is skewed do to control /
Keep it Kind , Keep it real , Work your azz off on the D.D. and research and be thankful your in a group of fellow Wronged shareholders trying to find a RIGHT! Sorry if my post is a bit shift as I am working on one eye and got hit hard via a Mig Arch in the right eye…freak accident and hurts like a Mother (you know). So if I a bit off my apologies.
What I know regards,
B
Well tis the time to put the hammer down and knock the rest of the days list out so I am out of here for now be back for the coffee club am
..I think some cocktails are in order tonight! The insanity of it all ;)
Drink regards,
B
That is the way I see it.
wamu 1031 Exchange delaware
WAMU 1031 EXCHANGE
CALIFORNIA DOMESTIC CORPORATION
WRITE REVIEW
Address: 800 Fifth Avenue
Suite 4100
Seattle, WA 98104
Registered Agent: Corporation Service Company Which Will Do Business In California As Csc - Lawyers Incorporating Serv
Filing Date: November 07, 1977 dissolved 29th of 2017
File Number: C0855386
dissolved 29th of 2017
WAMU 1031 EXCHANGE
DELAWARE CORPORATION
WRITE REVIEW
Address:
Registered Agent:
Filing Date: June 27, 2017
number: 6458276
So it is apparent they dissolved CA but two days earlier opened Delaware. I bet you it CA was dissolved into DE
Wamu 1031 Exchange is a Delaware Corporation filed on June 27, 2017 . The company's File Number is listed as 6458276.
RON two days before on June 27th the opened WAMU 1031 exchange Delaware
wamu 1031 exchange Delaware Open June 27 2017
Dissolved WAMU 1031 CA Opened below
Wamu 1031 Exchange is a Delaware Corporation filed on June 27, 2017 . The company's File Number is listed as 6458276.
Follow the money.
Regards
Link
DISSOLUTION 12/08/2017 Image unavailable. Please request paper copy. Now that is some chit wont show you THE MONKEY !
Not saying Flow is BSing but Trust and verify.
Verify
Regards
B
Cant find anything pointing to such event
Flow I got a dead link? cant fin anything out there either?
Flow regards,
B
Rear View Mirror Moving.
Relax & Calm yourselves! We are driving forward and facing rearward as if we can only see out the rear window and rear view mirror! You are not going to see any of the transpiring events in looking forward thru the front window.
It will be big and subtle at the same time without a lot of fan fare when you markers receive inbound monies and distributions.
So ya'll need to calm down. We will find out in due time what went down and when. For now try to read some Tea Leaves and stay up on your own personal research and D.D. into these matters. Find peace in your day and mind. When the time is right the proceeds will appear!
Good luck to all and try to put aside the rentless barage of spite and noxious sputum as the chiding and
malevolence is peaking.
Regards,
B
Some of the issues being cleared up still.
After having multiple emails and a couple of conversations with various folks at the FDIC I belive the last bits of "KINK are getting Unwound." (possibly why the extention with Fdic and KKR).
I assert that al ot of what A&M is doing is MASSIVE number crunching and almost Forensically rebuilding of assets, trusts, etc. (remember the JPMC's Henchman took all the BOOKS not just WMB's, (collaberated by A&M's testimony upon retention).
In speaking with these folks (FDIC) when I got to the questions of mortgages and rights to title and foreclosure it was said that these where some of the remaining issues and such being resolved.
So in reviewing the list of 'Retained Assets" I started remembering I had come across a lot of issues related to Chases acting as if they had right to foreclosure and right of title and possession.
Which means that the FDIC either mistakenly conveyed these or JPMC decided to take all they could steal or claim that the foreclosure losses they would not be liable for and instead tried to stick the FDIC with the bill.
Well the only reason this even made it on my radar is a few homeowners "mostly Pro Se" fighting their foreclosure and traced titles back to various trust and corps that are NOT, I SAID NOT the property of JMPC but WMI. Hence, one of the Examples I will name and link to a very good example of this. (note the Michigan supreme Court sided with the homeowner and and said that JMPC was not the successor in interest
Below I believe is a good example of the loose ends HOWEVER the number must be pretty LARGE which I am sure A&M has been pulling mortgage by mortage if it was "conveyed in error" (LMAO)
The reason I think the Number Must be substantial is in POR7 both WMI and JPMC have escrow reserve accounts designed to handle this at a predetermined percentage and fashion, however I believe A&M is may be returning to WMI >>>>WMIH Millions of dollars monthly.
Hence THE hold ups !
Washington Mutual Mortgage Securities Corp
Does JP Morgan Chase OWN Washington Mutual Loans?
The mortgage notes will not be endorsed to the Trust and no assignment of the mortgages to the Trust will be prepared. Furthermore, the mortgage notes and mortgages will not be stamped or otherwise marked to reflect the assignment to Washington Mutual Mortgage Securities Corp. and then to the Trust. If a subsequent purchaser or creditor were able to take physical possession of the mortgage notes and mortgages without knowledge of that assignment, the interests of the Trust in the mortgage notes and mortgages could be defeated. In that event, distributions to certificate holders may be adversely affected.
So it is quite understandable that consumers are confused by JP Morgan Chase’s claim as a “party of interest” in their foreclosures. And every single one should be questioning that claim. If the loan was sold to Washington Mutual Mortgage Securities Corp back “when”, then how could the FDIC ever sell it to JP Morgan Chase? The fact is ..they did NOT. They may have sold servicing rights to the loan, but they did NOT sell the loans to JP Morgan Chase. And everyone should be demanding proof of that purchase.
I have seen numerous “Assignments of Deed of Trust” or “Corporate Assignment of Deed of Trust” in which JP Morgan falsely claims:
JP Morgan Chase as Success in Interest to Washington Mutual Bank
This statement is a flat out lie; JP Morgan Chase purchased assets from the FDIC they purchase NOTHING from Washington Mutual Bank. Don’t take my word for this; recently the Michigan Supreme Court looked at this issue and THEY declared in their ruling that JP Morgan Chase is not “successor in interest” to Washington Mutual Bank. See Michigan Supreme Court – JP Morgan NOT Successor in Interest to WaMu
JP Morgan Chase National Association Successor in Interest by purchase from the FDIC as Receiver from Washington Mutual Bank et al
Okay. That is possible if Washington Mutual retained the loan; but if there is a REMIC on the “assignment” then that is a flat out lie, because the loan was sold years ago to the Washington Mutual Securities Corp who sold it to the REMIC Trust; it was not part of the assets taken over by the FDIC. If they “purchased” it..show me the schedule. Show me the endorsement (a real one, not a manufactured one please). Show me the receipt. My oh my what a web we weave when we first practice to deceive. Investors SHOULD be all over this mess.
Ron Just saw your post ....stay on that and see wher it leads maybe some smoke there maybe not but whatever happens you are ALWAYs on it Dang Gone IT!;)
Regards,
B
Right on Bob as the last Fup could not happen again so they just made new rules as they always do to cover their butts next time around.
I am with you everything will be coming out of this kids market positions prior to the close of mid year 2019. This next crash is gonna feel like a Hydrogen thermonuclear 100 mega ton detonation as to 2008's fire cracker.
GETTING the heck out by mid 2019 regards,
B
Aaron, PREDICTIONS ARE TOUGH!
To be honest I think beyond my own doubt now gone, the money comes right back through WMIH via the merged of WMI and as of the sale rule this easily could and most probably has happened. After re-reading POR-7'applicable parts again with relation to the assets of WMI WMIIC is see the future below.
I see development's starting to leak and take place in the 1st quarter and picking pace up until the asset dam brakes and the money flows back through Escrow debit being paid first. At which point the remainder goes to wmih.
So it is my understanding and belief The whole KKR thing is a bit of Cammo. I believe a lot has been orchestrated to appear that WMIH is without major assets and ability. KKR might still be involved however it is my contention they will may be a major facilitator and involved in a buy out of equity of the new co wmih . I say we do not see the 180 day clock expire. Remember how much money all that TEPPER IS GOING TO GARNER IN THIS DEAL ...a BOAT LOAD! TPG and former board member Mr. Bonderman with all his Phantom shares will do very well too.
I also see where the Major Hedge fund Escrow holders are not going to give this cash cow up easily .
I hate predictions all the same but I am now convenienced the assets were transferred from the former WMI and are waiting to be remarried up with the rightful owners. A&M is working hard monitoring all things related to the cash cow that is outside of the BK.
Those are my thoughts ...
Thought regards,
B
Lodas as always love your perspective and valuable trading experience.
I am trying to free up some more capital, however just got done putting out a lot of cash to purchase lot of heavy Equip and upgrade shop and fabrication equipmet so I am light in the pockets.
I did buy quite a bit under 80 last time were dancing in the 70's. I got my AVG down under KKR's MYSTICAL Conversion but I am going to find some cash even if I have to go to my MAD money drawer.
Hope all is clipping along for you at your fine establishment! As always, glad I have made your acquaintance. By your writing and use of famous quotes I bet my perception of you is of greater proportion in person. Solid Character for sure.
Solid Lodas regards,
B
SHARES SHORT
Thursday December 14, 2017 20 Min Delayed
Short Quote™
Enter Symbol:
Wmih Corporation
$ 0.83
WMIH
0.02
Short Interest (Shares Short)
5,717,400
Short Interest Ratio (Days To Cover)
7.1
Short Percent of Float
3.19 %
Short % Increase / Decrease
-3 %
Short Interest (Shares Short) - Prior
5,889,400
Shares Float
179,452,000
Trading Volume - Today
298,759
Trading Volume - Average
810,800
Trading Volume - Today vs. Average
36.85%
% Owned by Insiders
16.69%
% Owned by Institutions
5.30%
Earnings Per Share
PE Ratio
Market Cap.
$ 164,878,770
% From 52-Wk High
-60.48%
% From 52-Wk Low
% From 200-Day MA
-29.10%
% From 50-Day MA
-14.14%
Sector
Industry
Exchange
NAS
Record Date
2017-DecA
WMI "THE PARENT" As I see it!
AZ WMI "THE PARENT"Has merged into the remaining WMIH, but when The conditional exchange had occurred (which it did)among other events, then upon the Trusts returning to WMI "the Parent" But wait if the parent is dead! Then where does the liquidation of monies of the trust go back too? Yep it goes to the surviving CHILD WMIH! It was right under our nose and after rereading the POR7
That is what I see it And now a real probability and escrows get paid as debt becuase we are the original owners of the estate.
Probability regards,
B
A&M from the beginning said it would take them years to reconstruct the missing books JMPC took. I also believe besides reconstructing files the are they are taking line by line item and have been recording a full accounting of the assets. I would also tend to believe they are working hard to put all the right assets in the right place holders and probably have a hot line between them JMPC and various other 3 letter acronyms. And yes the are clearing up rights to tile etc.
A & M Working Hard regards,
B
Bond-007
This has already been decided they are WMI's
It travels to escrow first/ Fair and reasonable is met and remainder goes to WMIH in a funding facility or hold co to be distributed quarterly.
Will see soon enough whats going down for real.
Regards,
B
JB3136' I AGREE THIS IS VERY FRUSTRATING FOR SURE!
I for sure want it for escrows...if someone said you give all your escrows away and they will be paid I swear I would do it! So much wrong hurt and even death has occured because the greedy s.o.b.'s had to save our beloved JPM dirty rotten M%$!her Puckers. So much pain suffering and agony....I pray for those whom have suffered the worst!
Thanks JB3136'
Regards,
B
HOW SO ? So the assets of WMI go POOF? O.K. you say poof.
Of yeah the c.C. call that's the truth we all wait as WMI's value goes poof and not to payoff DEBT of ..Escrow.
So where is WMI's Exchange event go JB3136.
JB3136 Regards,
P.S. Lets trade some thoughts then
WMI "THE PARENT"
Aaron,
So WMI "THE PARENT"Has merged into the remaining WMIH, but if The conditional exchange has occured (which it did) then upon the Trusts returning to WMI "the Parent" But wait if the parent is dead! Then where does the liquidation of monies of the trust go back too? Yep it goes to the surviving CHILD WMIH!
That is what I see is a very real possibility.
Aaron, Possibility regards,?
B
I am asking you. I thought you could shed some light on the subject. Can you answer the questions? just some questions? Now you want to ask me I thought I asked you? Yes no or I have no idea will suffice.
Regards,
B
Katekir
May I ask you some questions?
The asset list you speak of is for whom?
Which entity was placed in receivership.
What companies went BK?
Regards,
B
BBAN
You hit it on the head. I am suggesting and now starting to view with greater focus indeed 1031 and monies still with and traveling from and WA WMI to DE WMI. If the trigger gets pulled do escrows get paid as they are debit and over flow goes into WMIH?
I think Fair and reasonable this would be. We get payment as was agreed to in mediation of in case of future value , then we receive a small portion of payment through the stock we received in WMIH.
Hypothesizing out loud!
Regards,
B
1.1 At the Effective Time (as defined below), WA WMI shall be merged with and into DE WMI, the separate existence of WA WMI shall cease, and DE WMI will be the surviving corporation of the Merger (the “ Surviving Corporation
So Its is a possibility according to what is stated that all rights stocks etc transfered from
WMI HOLDINGS CORP. to WMIH
(a Washington corporation)
WITH AND INTO
WMIH CORP.
(a Delaware corporation)
and now it all waits for the activating event IS IT NOT? It would make sense...But who gets paid out of the assets coming back to WMI now WMIH Escrow equity First?
Regards,
B
Section 1
Merger
1.1 At the Effective Time (as defined below), WA WMI shall be merged with and into DE WMI, the separate existence of WA WMI shall cease, and DE WMI will be the surviving corporation of the Merger (the “ Surviving Corporation ”).
1.2 The Merger shall have the effects set forth in this Agreement and in the applicable provisions of the DGCL and the Washington Business Corporation Act (the “ WBCA ”). Without limiting the generality of the foregoing, and subject to Section 259 of the DGCL, at the Effective Time, the separate existence of WA WMI will cease, and DE WMI will possess all the rights, privileges, immunities, powers and franchises of a public as well as of a private nature, and be subject to all of the restrictions, disabilities and duties, of WA WMI; and all the rights, privileges, immunities, powers and franchises of WA WMI, and all property, whether real, personal or mixed, all stock registered in the name of WA WMI, and all debts due to WA WMI on whatever account, and all subscriptions and all choses in action of or belonging to WA WMI, will be vested in DE WMI; and all such property, rights, privileges, immunities, powers and franchises will be thereafter as effectually the property of DE WMI as they were of WA WMI, and the title to any real estate vested by deed or otherwise in WA WMI will not revert or be in any way impaired by reason of the Merger but will be vested in DE WMI; and all rights of creditors and all liens upon any property of WA WMI will be preserved unimpaired, and all debts, liabilities and duties of WA WMI will be preserved unimpaired, and all debts, liabilities and duties of WA WMI will attach to DE WMI and may be enforced against it to the same extent as if said debts, liabilities and duties had been incurred or contracted by it, and any claim existing or action or proceeding pending by or against WA WMI may be prosecuted against DE WMI. All acts, plans, policies, agreements, arrangements, approvals and authorizations of WA WMI and its agents which were valid and effective immediately prior to consummation of the Merger will be taken for all purposes as the acts, plans, policies, agreements, arrangements, approvals and authorizations of DE WMI and will be as effective and binding thereon, in each case as the same were with respect to WA WMI.
Section 2
Conversion of Shares
2.1 At the Effective Time, by virtue of the Merger and without any action on the part of the parties hereto, the holders of any shares of capital stock of such parties, or any other person or entity:
(a) Each share of Common Stock of DE WMI, par value $0.00001 per share, issued and outstanding immediately prior to the Effective Time, shall be cancelled and shall cease to exist, and no consideration shall be issued in respect thereof or in exchange therefor.
(b) Each share of Common Stock of WA WMI, par value $0.00001 per share, issued and outstanding immediately prior to the Effective Time, shall be converted into one share of Common Stock of the Surviving Corporation, par value $0.00001 per share.
(c) Each share of Series A Convertible Preferred Stock of WA WMI, $0.00001 par value per share, issued and outstanding immediately prior to the Effective Time, shall be converted into one share of Series A Preferred Stock of the Surviving Corporation, par value $0.00001 per share.
A-2
Table of Contents
(d) Each share of Series B Convertible Preferred Stock of WA WMI, $0.00001 par value per share, issued and outstanding immediately prior to the Effective Time, shall be converted into one share of Series B Preferred Stock of the Surviving Corporation, par value $0.00001 per share.
Section 3
Exchange of Stock Certificates
3.1 At the Effective Time, any stock certificate that, immediately prior to the Effective Time, represented issued and outstanding shares of capital stock of WA WMI shall, from and after the Effective Time, automatically and without the necessity of presenting the same for exchange, represent only the number of shares of capital stock of the Surviving Corporation into which such shares of capital stock of WA WMI have been converted in the Merger without any further action on the part of such holder or the Surviving Corporation.
3.2 If, after the Effective Time, a valid certificate previously representing any shares of capital stock of WA WMI is delivered to the Surviving Corporation at its registered office in the State of Delaware, its principal place of business, or an officer or agent of the Surviving Corporation having custody of books and records of the Surviving Corporation, such certificate shall be canceled and the Surviving Corporation shall deliver to the holder of such certificate, in exchange for such valid certificate, a certificate representing the applicable shares of capital stock of the Surviving Corporation.
3.3 Notwithstanding the foregoing, if any certificate that prior to the Effective Time represented shares of capital stock of WA WMI shall have been lost, stolen or destroyed, then, upon the making of an affidavit of such fact by the person or entity claiming such certificate to be lost, stolen or destroyed and the providing of an indemnity by such person or entity to the Surviving Corporation, in form and substance reasonably satisfactory to the Surviving Corporation, against any claim that may be made against it with respect to such certificate, the Surviving Corporation shall deliver to such person or entity, in exchange for such lost, stolen or destroyed certificate, a certificate representing the applicable shares of capital stock of the Surviving Corporation.
Section 4
Employee Benefit Plans
4.1 At the Effective Time, the Surviving Corporation shall assume the obligations of WA WMI under, and continue, WA WMI’s 2012 Long-Term Incentive Plan and all other employee benefit plans of WA WMI. Each outstanding and unexercised option, warrant or other right to purchase WA WMI Common Stock or WA WMI Series A or Series B Convertible Preferred Stock (a “ Right ”) shall become an option, warrant or right to purchase the Surviving Corporation’s Common Stock or Series A or Series B Convertible Preferred Stock, respectively, on the basis of one share of the Surviving Corporation’s Common Stock or Series A or Series B Convertible Preferred Stock, as the case may be, for each one share of WA WMI Common Stock or Series A or Series B Convertible Preferred Stock, as the case may be, issuable pursuant to any such Right, on the same terms and conditions and at an exercise price equal to the exercise price applicable to any such WA WMI Right at the Effective Time.
4.2 A number of shares of the Surviving Corporation’s Common Stock and Series A and Series B Convertible Preferred Stock shall be reserved for issuance upon the exercise of options, warrants and stock purchase rights equal to the number of shares of WA WMI Common Stock and WA WMI Series A and Series B Convertible Preferred Stock so reserved immediately before the Effective Time.
A-3
Table of Contents
Section 5
Effective Time
5.1 If the adoption of this Agreement is duly approved by the sole stockholder of DE WMI, and the principal terms of the Merger and the Reincorporation are duly approved by the shareholders of WA WMI, and this Agreement is not terminated in accordance with Section 8 hereof, DE WMI shall execute and file a Certificate of Merger, substantially in the form attached hereto as Exhibit A (the “ Certificate of Merger ”), with the Secretary of State of the State of Delaware in accordance with the requirements of the DGCL and, immediately thereafter, a certified copy of the Certificate of Merger with the Secretary of State of the State of Washington.
5.2 The Merger shall become effective at the time of the filing of said Certificate of Merger with the Secretary of State of the State of Delaware, or at such later time as may be specified in such Certificate of Merger (the “ Effective Time ”).
AZ
As per last night I said that I contend we are paid off with like instruments of the new co as our payment. I believe the wmih commons as traded will not garner anywhere the new old escrows. I also remember when speaking with Parker Folse via phone when he used to take my call. He said its all about the new co and getting it going then you will see the value of your escrows. He would not expound. I feel WMIH is has our money and everyone else.
Money is suspended waiting for transport and all this was hashed out a long time ago.
Regards,
B
mordicai
I said side ways until news or leak either way. As for getting out alive new co shares I will make it. IMHO I believe escrow markers will end up converting at a different rate into the New co or a different class if they do not get compensated outright.
So am I really concerned about my newco shares that aren't escrow? A bit, However ultimately I did not go ass into the new co share once they started trading. I added quite a bit here below a dollar so I am out alive barely but out alive all the same. Hope that answers your question.
Mordicai regards,
B