Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
yes i do.
but i sent in another w8ben in response to the wmilt letter just in case they somehow bypass the brokerage if any distributions are made.
i have w8ben with my brokerage as well. but the question is will the brokerage know anything or will any potential distributions come directly from wmilt and bypass the brokerages?
yes i believe so.
to minimize tax withheld.
i just thought the timing of this seemed odd.. and rather urgent sounding from WMILT.
19 (k's & p's) & 22 commons.
any non-us legacy holders get a letter from WMILT to send in an updated W8 form by June 30? I just did.
the exact language in their letter was this:
"Therefore, to retain your ability to receive potential distributions from the WMI Liquidating Trust, you are required to submit an updated and recently signed form W-8 by June 30, 2019"
the timing of this seems curious.. hopefully a sign of something to come..
unbelievable.. if true.. a $14k claim is holding back the whole BK??
are they making this stuff up!?
My thought exactly.. why even the end of this year ? Rosen is just milking it and we are left holding the empty bag, month after month, year after year.
thanks. looking forward to it..
yea.. it's about time at this point..the purported goal post keeps moving further and further down the road.. with no clear end in sight.
i was wondering the same thing..
it's been almost a decade.. and there has not been a peep.. why would they say anything now..
how much value might be contained within this Thackeray trust?
do we expect Tranche 5 to be paid anytime soon? or is that taken care of by others like JPM or FDIC?
don't think there's anything scheduled.
that's logical.. hence probably why they are in no rush to do anything for us common folk. they are already milking it! why change things..
there's already been a lot of waiting the past 10 years..
some clear indication of the path ahead from entities like WMILT would be nice. instead Rosen talks about us like scum every time some court date comes along.
Yea.. sometime this year would be nice.. considering its already been a decade.
Was browsing through old news articles for nostalgia..
https://www.reuters.com/article/us-washingtonmutual-idUSTRE6B704G20101208
I wonder what Justin Nelson for Susman thinks of our plight now almost a decade later..
Yup. because as of the current moment, we have been promised nothing and no money.
I believe he mentioned that in yesterdays hearing.. nothing from the wmilt at least..
I thought payments if any are for accredited investors?
We don't have any LTIs at the moment though..
I had hoped that would have been explicitly clarified in court today.. but like most of these hearings the past decade it involved just walrath and Rosen cozying up to each other which little urgency on concluding this whole mess..
If these assets are outside the bk, then who is keeping tabs on them ? Rosen and his gang keep saying they know nothing and have nothing in their pockets...
Yea what's the point of 'owning' the estate when there's no apparent valuation published for it?
19 and 22 Owning the estate is fine and all, but when does value get transferred to the 'ownwners'??
Yea.. the question all along.. when will regular folks holding class 19 and 22 escrows get paid??..
i wonder during the hearing.. was it ever brought why the underwriters want to be in Class 19??
where would any $ come from then? the DTC?
2x par would be nice.
What countdown clock? There's never been one.
Yup.. what distributions? We haven't heard one inkling or tidbit that anything is coming back.. whether it be through Wmilt or some bk remote trustee..
If AG's effort can somehow shed some light on what's been going on all this time, then we should be for it.
hopefully MARTA is done.. 6 more days left to refile right? then we are down to Class 19.. and AG making noise or not.. Rosen, WMILT and all will need to answer us.
Yea.. not sure why he cares about the message boards unless he knows there's truth to what we talk about .. I.e. our missing assets and money.
10 billion dollar foot note!
The thing is wmilt says we have been spreading misinformation. Well it's not like they have been providing much useful information. If we get nothing in the end it would be amazing how the entire wmi waterfall falls just short of equity..
Hard to imagine any money coming back to us legacy with such a preliminary statement by Rosen..
Does class 18 closed mean no Marta?
That's what I thought unless we are getting more coop shares. Better yet we should be paid cash for every escrow..
assuming this all comes to pass.. any guesses on how much could come back from the trustees that have been on admin hold?
yea if he'd give us our F&R .. 20 bil give or take.. then maybe this could conclude quickly.