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Mine are gone from my TD AmeriTrade
PURE DISAPPOINTMENT ESCROWS ARE GONE! THEY WIN,AGAIN!
Yup, checked it and you’re right I have millions. Millions in regret! Lol
Newflow, what’s your take on pg.78-79 (41.) interesting wording of separate and distinct from the Liquidation Trust( and the Liquidation Trust Reserves,) and the assets therein shall not comprise of the Liquidation Trust Assets. (Notice the small a and big A in assets.)
Excuse my typo: they duty; their duty.
If this is really the case then the FDIC is on the Hook for that said, value. They duty is to maximize shareholder value.
The word play is just too much and I can’t believe people fall for that Sheeit! Were the WAMU CEO and Board of Directors and not to mention, Jamie Dimon and Chase’s Board of Directors that Foolish, Stupid and Incompetent that no one was aware that there was $30 Billion Dollars in Value Missing from WAMU and so called Found by Chase.
Good morning Newflow,
On February 16, 2012, the Debtors announced that the Debtors, JPMorgan, the Creditors’ Committee, and the Equity Committee had reached a settlement (the “TPS Settlement”) with certain holders of the Trust Preferred Securities which, among other things, contemplates that JPMorgan will pay $18 million (in cash or JPMorgan stock, at JPMorgan’s sole election) to the TPS Holders. The TPS Settlement also contemplates that (a) the TPS Holders will have an Allowed Claim of $618,356.25 in Class 12 and (b) the Debtors’ estates will reimburse up to $15 million in legal fees and expenses incurred by the TPS Holders, with $3 million of such fees designated as a Class 12 Claim and the balance (or $12 million) designated as a Class 18 Claim. In any case, payment of the TPS Holders’ legal fees and expenses is subject to approval by the Bankruptcy Court. Additional information regarding the terms of the settlement may be found in a stipulation approved by the Bankruptcy Court on February 17, 2012 [D.I. 195 Adv. No. 10-51387].
Assuming that the Conditional Exchange had been completed in accordance with the terms of the relevant documentation, on a pro forma basis, WMI’s financial statements would reflect (a) a credit to shareholders’ equity of approximately $3.9 billion upon issuance of the new classes of preferred stock; (b) an investment in subsidiary (i.e. WMB) of approximately $3.9 billion upon contribution of the Preferred Securities by WMI to WMB; and (c) an immediate and corresponding write-down of such investment in subsidiary.
Pursuant to the terms of the Settlement Agreement, upon consummation of the Plan, WMI and relevant third parties will complete the ministerial actions attendant to the Conditional Exchange.
Tell me Large. What rule have they followed? Come March 4, nothing is going to happen and nothing is what we’re going to receive. Come March 31st nothing is going to happen other than the official closing of the Wmilt but no money, no shares, no equity Interest. 13.5 years Wasted. I’m so fucking tired of the expectations that lead up to nothing, but more shares being Gifted to the CEO and Directors. That is the only thing that has been constant and Guaranteed. Free Shares for the Company Board and Guaranteed Billing Hours for the Attorneys. Let any of us try to do what they do and it’s considered an Organized Crime, Wire Fraud and Tax Evasion.
Yes, Alti, I do know how to multiply. Where was it wrong? I’m referring about MY Average cost.
Same numbers I got from the site so take it up with them not me.
Uptick, where did I mention escrow? This is about Paladin and Paladin only.
Once upon a time, this was an Empty Shell and we weren’t going no where. look at where we are today. Wmih was just a Fairy Tale. I must be dreaming that my shares are $42./ $3.50 Pre Split.
WMI Holdings Corp was $550,000 on the first and $700,000. for the second one. Look at where Cooper is today. Is it small? Also, 7 Investors compared with 18. So yes, I assume it’s going to be Big.
Newflow, whatever is going on with Paladin, it’s going to be Big. Their offering is double that of WMI Holdings and 1.5X more Investors.
Once upon a time,
Brucie Bruce said, we will not be allowed to go along for the ride. Yet, here we are, In the back of the bus. it has made 5 stops and those that got off left with their Treasure Chest full. There’s one more stop, hopefully they don’t run us off the cliff and kills off. I can relate with some of your frustrations though, but remember under the Rubble JPMORGAN found $30 Billion. Coincidence?
What’s also interesting is that if you go to the Home page, enter WAMPQ in the ticker box, look at where it leads to. Hmmmm very interesting indeed.
Subsidiaries of XOME, Title 365 and Champion Mortgage were sold but not XOME itself.
Justice, notice the turnaround happen after the filing? Hmmmmm!
How coincidental that the Architects of WMI & WMILT are now Architects of Paladin Acquisition Company. As one door closes another one opens. Let’s see if there’s anything for us being those doors.
Lol! I should’ve consulted with him too then. All in good humor! I hope he starts feeling better soon.
Lodas, I stand by the fact that the Underwriters argued, fought tooth and nails to remain in and receive Class 19 Escrow rather than getting paid Cash money in Class 18. I don’t foresee them making a tens of millions of dollars mistake. Still, you’re entitled to your own opinion.
Wow! High volume on Friday for no apparent reason and then comes Monday. No nobody knows nothing!
With the sneakiness they pulled last year, February 12th, I highly doubt it. Maybe, end of March. That also depends if they( Mr Cooper) file their taxes under NationStar or “Reorganize Debtor,” “ Mr.Cooper Group.”
Lodas,
This is regarding the tax refunds.
Let’s include all the information.
I too missed out on a lot of opportunities, not to mention life, waiting for my WAMU/ WMI Investments to pay off.
Remember way back when Bitcoin first started, Jamie Dimon condemned it and advised to stay away from bitcoin because it was too risky and and controlled by the Black Market dealings. Now JPMORGAN is talking about how it can hit $100,000. You’re right I’m just sorry I missed out on jumping in at .39 when I had the chance.
Sounds like you’re hating.
Don’t hate just duplicate,
and you’ll have the same fate,
a cool million on your plate.
When someone mentions they have over a million dollars. I tend to listen and learn to do the same.
I’m just saying. Plus be happy for him a regular joe just like us was able to earn a million dollars in one stock. That’s FKN phenomenal!
Found it, I was reading the old plan! Whoops! I’ll elaborate my findings later but I was mistaken all Preferred are the same.
No it does not. That’s why I was reading up on the agreement and that wording there got me even more confused because under the agreement the Trust Preferred Holders receive a settlement on their Trust Preferred Shares, but it didn’t include Series R Preferred Shares. Also, when it got to Common Class 22 it also stated, the same wording, they are entitled to nothing of the Equity Interest. I think there’s a difference between Trust Preferred and Regular Preferred. So, like I mentioned, I’m confused and or mistaken in my understanding of the wording. Something definitely does not make sense. I, personally am starting to feel, “ I got Hosened.” Lol!
Still I’ll continue reading.
Bbanbob, I may be mistaken or misunderstanding, but as I read more of the Sixth Amended plan 7, it states that we gave up any and all Equity Interest in the Debtor, Debtor’s subsidiaries and Reorganized Debtor after the effective date, according to the Plan. I’m not sure but it made me sick to my stomach when I read that.
Still, Of course not. A foolish mistakes is a feeling of an act of mistake. A state of mind not a state of being. I know the difference.
You’re welcome.
Red, excuse my typo: I meant to type Dec. 2020; not Dec 2029
Red, Don’t forget about American Savings Bank and Keystone Escrow shares that matured in 2017 and during restructuring extended til Dec. 2029.
Still, so the Underwriters are fools for switching to Class 19? They foolishly gave up money in hand for escrows in dreams. Ok, keep telling yourself that. They knew exactly what they were doing. More Profits.
Pick, I read that as long as the escrow Cusips are in your account(s) the Trust is not Dissolved.
WMILT Frequently asked questions.
Large, this one a little different for the same year.
https://www.fdic.gov/about/financial-reports/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf
Large, I’ve always wondered why there hasn’t been another FDIC Financial Report publicly released since 2015. I’ve search but didn’t find any present day information. Just the old one you provided.
https://www.fdic.gov/about/financial-reports/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf