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MY 2 CENTS - WHO WILL AGREE?
WMILT Consolidates all its assets into one LLC.
WMIH buys those assets from WMILT by exchanging stock to released former equity holders.So, escrow holders might receive the authorized billions of stock at WMIH. + any cash available at LT.
FDIC clears all the claims in receivership and pay the remaining balance to former equity holders(including non-released).
IMHO.
Appaloosa, Greywolf, Centerbridge... are all on hold like some...they old and cold .... NOLs
IT remember?.They have to sail with the shareholders IMHO.
I appreciate what you do here Mr.Simpson72. Your list is missing one significant holder JPM.
Still, it takes time IMHO.
If some hedge funds add today, do they expect miracles soon?.IMHO no.
Its a long term play,IMHO.
TRUST SUCCEEDED TO THE ASSETS OF WMI's ESTATE - IN SUPREME COURT
II. FACTUAL AND PROCEDURAL BACKGROUND
A. Facts
(1) The Parties
The plaintiff Trust is a Delaware statutory trust that is the legal successor to
the bankruptcy debtor, Washington Mutual, Inc. (“WMI”). In September 2008,
WMI filed for bankruptcy. The Trust succeeded to the assets of WMI’s
bankruptcy estate and to the claims asserted by the Official Committee of
Unsecured Creditors of Washington Mutual, Inc., et al. (the “Creditors
Committee”).1
The Trust was formed after WMI’s Seventh Amended Joint Plan of
Affiliated Debtors2
was confirmed by order dated February 23, 2012.
http://courts.delaware.gov/opinions/download.aspx?ID=206010
CNN WOW - 'Unexpected fountain of youth' found in cardiac stem cells, says researcher
http://www.cnn.com/2017/08/14/health/cardiac-stem-cells-make-rats-younger-study/index.html
Clinical trials are on going, Active and not recruiting for Myocell which is very interesting to me. Terumo connection is an ex ceo of US Stem Cell which is good to know.
Company has been there for more than a decade with no positive cash flow, i guess we are at the junction of a huge U turn.When they were generating nothing, it was trading at $50, now infact they are being positive backed up with some positive results are it is trading at 0.03?.Thats a joke imho.
They did put in lot of value into this company, why would a PE firm invest in stem cell therapy backed by US Stem Cell?.Its trading 0.03 dollars, and a PE firm walks in deal with them?.
Its an opportunity for all, IMHO.
Thanks for posting this.USRM should contact the author and replace Myocell company with U.S.Stem Cell,Inc.
Back it with
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2668534/
I believe there is no company called Myocell as mentioned in the article.
They have to increase inorder to average it to minimum price IMHO.Its a long term play, 10yrs was the initial word.No one knows, but i predict atleast until mid 2018 or beyond.I read read and reading..still found some pieces to put it in perspective.Looked at other cases in similar situation, took several years,min 7 yrs., AJMHO.
Not bad to own if you have enough patience and money.
Its private becoz of only 1 share of plan trust.
Security law permits big corporations be private if the shareholders are below 300.
Eventually when the time approaches, shares will be issued IMHO.
They were already restarted/reorganized in 2012
The name of the company is Lehman Brothers Holdings Inc
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001568495&type=&dateb=&owner=include&count=40
101 Hudson Street,38th floor,Jersey City,NJ-07302
Christopher O'Meara
Linda Klang
Matthew Cantor
Are the executing team.
Main office 1271 Avenue Of Americas NY
LOL: TERUMO IN TOUCH
William M. Pinon
President & Chief Executive Officer at Terumo Heart, Inc.
Look who is he in touch with LOL ,BODs and CEO at USRM
https://relationshipscience.com/connections/william-m-pinon-p3209734
Invest in intervention products
development in US
• Leverage US and Japan strengths
• Launch Ashitaka Innovation Center
(tentative name)
Terumo 2017 goals
TERUMO IS HUNGRY LOL
LOL: TERUMO William M. Pinon
President & Chief Executive Officer at Terumo Heart, Inc.
Look at who is in touch with LOL
https://relationshipscience.com/connections/william-m-pinon-p3209734
Thank you bow-tie.I see a connection worth a look.
WHY SOLD ASSETS AND LEASED THEM BACK?
They sold the depreciated assets for $500K and leased the same back at $20K /month?.
Why?
http://www.4-traders.com/BIOHEART-INC-11095482/news/U-S-STEM-CELL-INC-Completion-of-Acquisition-or-Disposition-of-Assets-Financial-Statements-and-24008300/
On March 3, 2017, the Company entered into an Asset Sale and Lease Agreement with GACP (General American Capital Partners) Stem Cell Bank LLC, a Florida limited liability company (“GACP) to sell to GACP fully depreciated equipment (the “Equipment Assets”) related to the segment of the Company business involving collecting, growing and banking cell cultures (the “Human Banking Business”) for an aggregate of $500,000.
Simultaneous with the sale of the Equipment Assets, the Company leased back the Equipment Assets for a term of three years. The purchase price for the Human Banking Business was Four Hundred Thousand Dollars ($400,000) for the actual equipment, plus $50,000 for non-equipment assets specifically related to the banking business—plus another $50,000 for customer contracts related to the bank . As consideration for the lease back of the Equipment Assets, the Company will pay base rent of Twenty thousand Dollars ($20,000) per month plus a graduating payment of percentage rent for each of the three years.
In addition, GACP has contractually agreed to invest an additional Two and a half Million Dollars ($2,500,000) to open ten (10) stem cell clinics in the United States within 3 years--with a penalty provision to the benefit of the Company for shortfalls if less than 6 clinics are opened within 24 months.
In conjunction with the Asset Sale and Lease Agreement, the Asset Purchase Agreement, and the Customer Purchase Agreement, on March 3, 2017, the Company entered into a Non-Competition and Non-Solicitation Agreement with GACP, the restrictive period of which is defined in the Non-Competition and Non-Solicitation Agreement.
https://www.sec.gov/Archives/edgar/data/1388319/000118518517000536/usstemcell8k030817.htm
5. LBHI is the ultimate parent company of LBIE and its UK affiliates. It was
incorporated in Delaware and has commenced proceedings under Chapter 11 of the
US Bankruptcy Code. LBHI was not represented by counsel at the hearing. LBHI’s
direct involvement in the Proposed Settlement is relatively limited, principally to
providing a capped indemnity to LBIE in the event (which the parties consider to be
unlikely) of there being a shortfall in relation to LBIE's unsubordinated creditors.
http://www.pwc.co.uk/business-recovery/administrations/assets/waterfall-iii-settlement-judgment.PDF
RAADFEST - AUG 12
COMELLA
http://raadfest.com/schedule2017/
$45Million was raised in 2011 as per this
http://bciq.biocentury.com/companies/us_stem_cell_inc
That value should be there in the company.
Can USRM open stem cell centers on their own in Kuwait,Korea,and other states in USA?.No is the answer.
USRM should take help from outside such as GACP IMHO benefiting USRM, and the 10Q stated that about Benefiting the company.We should be glad atleast CEO and CSO are getting paid for their work for COE centers.The revenues should help USRM tremendously from these new COE centers IMHO.
Lets wait and see.Its good to question.
The same 10-Q stated, cumulative revenue of $100 millions...has been forgotten.
LOL: American Stem Cell Centers of Excellence would like to replicate this success and have partnered and, with the Board of Directors’ approval and continued oversight that this will not diminish their responsibilities to our company, have retained the professional services of both Kristin Comella and Mike Tomas AS CSO AND CEO RESPECTIVELY to help with scientific and successful operational deployment of their clinics.
General American Capital Partners probably opening all the stem cell centers and taking the support of CSO and CEO by partnering with the company IMHO.The partnership details should be requested from the company and see how this benefits the company.
US Stem Cell can't open 10s of clinics by themselves with out raising debt and other capital.
The board of directors contends that the successful deployment of American stem cell centers of excellence will lead to the financial value and revenue growth of US Stem Cell, Inc through sales of our products and services at American Stem Cell Center of Excellence clinics.
Hence Sheila joined DLA...lol
wrote a book and with out any fan crowd joined DLA , which is still the counsel for FDIC and she gets whats going on first hand,even not working for FDIC.
Great IMHO, nicely done.
--------
Chris cox joined who?
-------
Bernake is working for citadel?
------------
Tim is working for a PE?
---------
Where is Hank?.Probably working closely with his China contacts
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And who else?.JD is still working for JPM, he might resign once it is all said and done and WMI claims are satisfied with former shareholders support,IMHO.
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The CT claims were allowed and allowed claims get paid, probably delayed but not denied.Eventually, CTs should get paid IMHO.
And if LEHMQ's get something in the end, CTs should be satisfied in full as per SECURITY LAWS.Equity should survive inorder to utilize the behemoth $53B NOL.
AJMHO.
This is a very irresponsible statement
"It is possible that DB will get paid out of the liquidation of Trust assets, and any remaining after paying off investors could come to Equity."
Why would LT pays the DB claims against FDIC as receiver of WMB?.DB never had any claims against WMI.WMB claims are with FDIC ,so the assets of WMB are also with FDIC like cash and others.
LAMCO SERVICES Ltd
https://beta.companieshouse.gov.uk/company/06743029/filing-history
A&M is still the BOD
So they were able to settle mega bankruptcy and litigation case of WMI in three years, but employee claims were not settled in 5 + years?.Delaying the case and bilking.
There is no limit for the extension.They tweak the language, request an extension with the help from THE JUDGE.Its a BK court with prolonged relations between A&M,Weil and THE JUDGE.
Setting up a ground for extension of LT
August 2018 and beyond.....
PROOF JPM SERVICING WMI LOANS
(f) Additional Consideration to the Debtors. As additional consideration for the asset sale and compromise and settlement embodied in the Global Settlement Agreement, and as further consideration for the releases and other benefits provided to JPMC pursuant to this Plan:
(1) JPMC shall pay WMI an additional Twenty-Five Million Dollars ($25,000,000.00) for the Visa Shares, WMI shall retain all dividends with respect thereto received prior to the effective date of the Global Settlement Agreement, and JPMC shall assume certain related litigation liabilities (as set forth in the Global Settlement Agreement);
(2) JPMC shall pay all obligations under the Intercompany Notes in the amounts set forth in Exhibit “V” to the Global Settlement Agreement, and shall forgive all obligations of the WMI Entities to the extent set forth in the Global Settlement Agreement, which Intercompany Notes shall be cancelled upon payment thereof;
(3) As set forth in more detail in the Global Settlement Agreement, JPMC shall cause its affiliates to continue providing loan servicing with respect to certain loans and the remittal of checks and payments received in connection therewith;
(4) As set forth in the Global Settlement Agreement and the BKK Settlement Agreement, JPMC shall assume the BKK Liabilities and shall defend the Debtors against and reimburse the Debtors for any distribution on account of remediation or clean-up costs and expenses contained in the BKK Proofs of Claims and not otherwise covered by the BKK-Related Policies and/or reimbursed by the BKK-Related Carriers, as defined in the Global Settlement Agreement;
(5) JPMC shall assume the JPMC Assumed Liabilities in connection with the assets it receives pursuant to the Global Settlement Agreement and, on or after the Effective Date, JPMC shall pay or fund the payment of Allowed JPMC Assumed Liability Claims; and
(6) JPMC shall pay or fund the payment of Allowed WMB Vendor Claims and shall pay the sum of Fifty Million Dollars ($50,000,000.00) to be placed by the Debtors in an escrow and used for satisfaction of Allowed WMI Vendor Claims.
EVENT DRIVEN
Not ill or delusional
P&A is still open, your so called facts saying there is nothing for former shareholders when P&A is not closed is called, what?.
WMI creditors such as AAOC and others have been waiting in the same shoe?.
Make your point if you have any, there is not just 1000 shareholders, atleast multiply it by 10.
Why do you think WMRP ,PCA assets, WM Cit,...rainier....LOL
On the Effective Date, all Taxpayer stock (preferred and common) will be
cancelled and the Plan Trust will be established. One share of stock (the “Plan Trust
Stock”) will be issued to the Plan Trust. The Plan Trust will hold the share for the
benefit of the former holders of Taxpayer stock consistent with their former relative
priority and economic entitlements. The Plan Trust will exercise voting rights associated
with the Plan Trust Stock in furtherance of the liquidation of the Debtors and compliance
with the provisions of the Plan.
AND THERE WERE NO DIFFERENT PLANS FOR DIFFERENT DEBTORS IN WMI, BUT LEHMAN HAD.
PLR IS FOR LEHMAN BROTHERS
IMHO
LEHMAN ESTATE WAS ISSUED WITH ONLY 1 SHARE FOR THE BENEFIT OF STAKEHOLDERS
INFACT A SUBSIDIARY OF WMI
LOL
PAGE 22/26
http://www.kccllc.net/wamu/document/0812229081126000000000005
WE WILL KNOW BY SEPT 20th, WMILT goes for extension or not.We will be the last to get paid, DB settlement settles most of the cases.
VALUE DUE FROM JPM
Q. And as I read that, it breaks into two major groups.
23 There's cash and restricted cash on the one hand, and on the
24 other hand, there are claims for value due from JPMC, right?
25 A. I guess if you're going to group it into classes, there's
1 probably more than that, because there's the American Savings
2 Goodwill Bank -- excuse me -- American Savings Bank goodwill
3 litigation, which is already in the court's registry, and the
4 BOLI/COLI and rabbi trust assets, are assets that we'll
5 monetize on our own, that don't require a payment from
6 JPMorgan. And then there are payments pursuant to the
7 settlement agreement.
PROOF WASHINGTON MUTUAL,INC ASSIGNED ASSETS TO JPM
http://assignments.uspto.gov/assignments/q?db=tm&asnrd=WASHINGTON%20MUTUAL,%20INC.