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ESCROWS PAYMENT TIED TO MARTA & WMB NOTEHOLDERS MIS REPRESENTATION CLAIMS. 10-k 2016.
2 THINGS
1. FDA RATD Approval
the most exciting news around the world would be
"PRELIMINARY RESULTS OF MARVEL PART-2 STUDY OF PHASE-II/III"
This will trigger the share price to shoot to the moon IMHO.
Certain rules followed by debtors
1. Distribution notice before 5 business days based on some rule, dont know it anyway.All distribution notices happened that way pretty much, if i am correct.
2. Posted distribution matrix how the funds get distributed to all allowed classes.
3. The cash distributions were based on certain rules which allowed debtors to decide how much cash they decided to distribute to Classes,it was their choice imho, not that it was the only cash available.
4. Now the distribution notice was filed in feb, but the distribution date is fixed in April as 10th or so.
5. Matrix is missing.
6. Utter silence on Lamco & NOLs and Plan Trust about stock distributions.
7. All about to blow pretty soon, IMHO.
This is just my opinion.
Docket # 54803 12th distribution notice
Docket # 53706 11th distribution notice
There was a distribution matrix in 11th distribution matrix how much each class was receiving.
That matrix is missing in the 12th distribution notice.Its positive to me towards CTs.Any guesses?
PRELIMINARY CLINICAL DATA
"and demonstrates preliminary clinical evidence that the product has the potential to address unmet medical needs for a disease"
Why would they apply unless the preliminary data which they were expecting in Feb 2017 showed positive results, IMHO.
PHASE-II COMPLETED Adipose Cells for Degenerative Disc Disease
This study has been completed.
Sponsor:
Bioheart, Inc.
Information provided by (Responsible Party):
Bioheart, Inc.
ClinicalTrials.gov Identifier:
NCT02097862
First received: March 25, 2014
Last updated: March 15, 2017
Last verified: March 2017
History of Changes
https://clinicaltrials.gov/ct2/show/record/NCT02097862?term=NCT02097862&rank=1
UNQUALIFIED EQUITY? WHO? NOLs?
Can former equity who are not qualified as per the reorg team of very very good people, has any stake in NOLs?
CAN WMIH USE NOLs of WMI&WMB "BASED ON RELEASES"?
RE: WMIH Qualified Acquisition (QA) Will Be Accomplished
If they already know they acquire something before 6/1 or 7/1 which benefits greatly WMIH shareholders, why would they even leave voluntarily?.They got plenty of shares already and probably more in offshore(if any, only if any).Its voluntary, so no one one asked them to leave.The show continues, that is the reason Davis continues.They do whatever they can to eliminate poor people like me.
This cancer guy is on the BOD of AVD
AVANT DIAGNOSTICS
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=wrT5jW9gOFgIpSb5hIts4Q%253d%253d&nt7=0
AVANT DIAGNOSTICS ACQUISITION CORPORATION
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=xpcWQYbxLTSPwiPAaxgDrA%253d%253d&nt7=0
KKR can officially short?
We should not trust this management and the key players AAOC and greywolves.
2019 seems about right as per Zelin's.
Cancer reached Avant.
Now GC is a BOD.
LOL.
What is Avant Diagnostics Acquisition Corporation?.
WHAT CAN FORMER ELIGIBLE EQUITY CAN EXPECT IMHO
1. WMB noteholders mis representation claims
2. Class 18 subordinated claim
3. Mortgage Pass-Through litigation
I believe #3 is huge imho.
10-K 2016
Pursuant to the Plan, holders of claims in Class 18 (“Subordinated Claims”) will receive distributions before the holders of claims in Classes 19, 21 and 22 (the former holders of equity interests in WMI (“Equity Interests”)). As of December 31, 2015, outstanding allowed Subordinated Claims totaled $38.2 million. In addition, during the Debtor’s bankruptcy proceedings, the Bankruptcy Court ordered that certain Class 17B claims (defined in the Plan as WMB Subordinated Notes Claims) be subordinated to the level of Class 18. Such Class 17B claims remain disputed and unliquidated. The allowance of any Subordinated Claims (including WMB Subordinated Notes Claims) would affect the amount, if any, of distributions that would otherwise be available to the former holders of Equity Interests. For additional information regarding these matters, see Item 3 of this Form 10-K under “WMB Subordinated Debt Misrepresentation Claims.”
Furthermore, and as discussed in more detail in Item 3 of this Form 10-K under “Mortgage Pass-Through Litigation”, the Bankruptcy Court has indicated that it will allow one Claimant to re-file its proof of claim as either a General Unsecured Claim (as defined in the Plan) or a Subordinated Claim, as determined by the Court, when recoveries become available to holders of Subordinated Claims. Such re-filing, and the ultimate resolution of any such claim may affect the amount, if any, of distributions that would otherwise be available to former holders of Equity Interests.
Read more: http://getfilings.com/sec-filings/160331/WMI-Liquidating-Trust_10-K/#ixzz4buhq5Xnf
WMICC was merged into WMRP Delaware Holdings LLC around 6/28/2016, same time as WMIH released a note in 8-K or 10-Q during that month or in July.WMRP Delaware Holdings LLC is managed by JPM.
2008-09-25 WMICC DELAWARE HOLDINGS LLC located at CHATSWORTH, CA was established as a Domestic Entity Other.
2016-06-29 WMICC DELAWARE HOLDINGS LLC was acquired by WMRP DELAWARE HOLDINGS LLC.
REITS & CLASS 19
REITS received LTIs in the first distribution of LTIs.Class 19 is in the same class as REITS.Will there be LTIs for class 19 and class 22 based on this or not.There should be, IMHO.
OTC is coming back IMHO.
So MW played well by meeting BS.
They figured out a plan which would benefit MW as the case goes on and eventually make original shareholders to unqualified shareholders unless they release some people who did infact harmed the enterprise?.
What a scam?.MW met with Rosen with out informing S&G?. He got 400K shares of WMIH now, and he acquired original shares during the start of the petition worth $20K?, getting 10K $s every quarter?
BIG scam is going on ....IMHO.
It is not ending, i will stand up.
About Escrows or anything , i guess they would take the maximum allowable time by the law permits.They suck the estates to the max, if there is any cream left for them.
MW is the only shareholder benefiting from this scam.They separated MW from the rest of the shareholders and giving him incentives and shares.
Equity became qualified and unqualified?.Is it not discriminating the same class of WMI?.
Its actually two boards.
One is insider board and one is dum_ board.
Its a combo.
AUTHOR: NEJM Article
Dr. Albini reports grant support from the NIH Center, the Department of Defense, and the Klorfine Foundation, and personal
fees from J&J/Janssen Cell Therapy Org. during the conduct of the study; and personal fees from Allergan, Bausch + Lomb,
Beaver Visitec, Santen, Genentech, Notal Vision, Inotek, Alcon, and Dutch Ophthalmic outside the submitted work.
FormerKQ your statement is utterly wrong.
Why?.Where in the press release it says that "escrows are not getting any payout"
Escrows have no entitlement, agreed.But qualified former shareholders are entitled to LTIs + something.They are entitled to receive LTIs and other distributions who can be identified with escrows.
NO OLD LADY WOULD RISK INVESTING IN THIS COMPANY IMHO
LOL
SHE MUST BE VERY SMART LIKE HER HUSBAND MR.MURPHY.HE INVESTED HIS OWN MONEY SEVERAL MILLIONS INTO THIS COMPANY.
CHECK OUT THE VIDEO ON YOU TUBE.
FORM-4 by his wife.
Disputed Equity Escrow - LTIs from DS
From and after the Effective Date, (i) until such time as the Dime Warrant Litigation is
determined, pursuant to a Final Order, or a compromise and settlement is approved pursuant to a Final
Order, by the Bankruptcy Court with respect to the Dime Warrant Litigation, there shall be held in the
Disputed Equity Escrow by the Liquidating Trustee, as escrow agent, for the benefit of each holder of a
Dime Warrant, Reorganized Common Stock, and any dividends, gains or income attributable in respect of
such Reorganized Common Stock, in an amount equal to the Pro Rata Share of Reorganized Common
Stock that would have been made to the holders of Dime Warrants if such Dime Warrants were Allowed
Equity Interests in an amount equal to the lesser of (1) the amount estimated by the Bankruptcy Court as
the maximum amount in which the Disputed Claims relating to the Dime Warrants may ultimately
become Allowed Claims times the per share price of Common Equity Interests on a date established by
the Bankruptcy Court bears to the market capitalization of all other Common Equity Interests (as
determined by the Bankruptcy Court using such same per share price), (2) the liquidated amount
determined, pursuant to an order of the Bankruptcy Court, as the amount in which the Disputed Claims
relating to the Dime Warrants are Allowed Claims times the per share price of Common Equity Interests
on a date established by the Bankruptcy Court bears to the market capitalization of all other Common
Equity Interests (as determined by the Bankruptcy Court using such same per share price), (3) the amount
established by the United States Court of Federal Claims in the Anchor Litigation, pursuant to a Final
Order, as applied in connection with the Dime Warrant Litigation, times the per share price of Common
Equity Interests on a date established by the Bankruptcy Court bears to the market capitalization of all
other Common Equity Interests (as determined by the Bankruptcy Court using such same per share price)
and (4) such other amount as may be agreed upon by the plaintiffs in the Dime Warrant Litigation and the
Liquidating Trustee; provided, however, the recovery in connection with the Dime Warrant Litigation
will not exceed the lesser of (1), (2), (3) and (4) above, and (ii) until such time, or from time to time, as
each Disputed Equity Interest has been compromised and settled or allowed or disallowed by Final Order
of the Bankruptcy Court, there shall be held in the Disputed Equity Escrow by the Liquidating Trustee, as
escrow agent, for the benefit of each holder of a Disputed Equity Interest, Reorganized Common Stock
and any dividends, gains or income attributable in respect of such Reorganized Common Stock, in an
amount equal to the Pro Rata Share of distributions that would have been made to the holder of such
Disputed Equity Interest if it were an Allowed Equity Interest. To the extent that the Liquidating Trustee
retains any such Reorganized Common Stock, until such time as such stock is distributed, the Liquidating
Trustee shall exercise voting or consent rights with respect to such stock; provided, however, that the
Liquidating Trustee shall be obligated to vote or consent, as the case may be, as to such stock in the same
proportion as all other holders of issued and distributed Reorganized Common Stock have voted or
consented, in each case on an issue-by-issue basis. Apart from the Liquidating Trustee serving as escrow
agent, the Disputed Equity Escrow shall be separate and distinct from the Liquidating Trust (and the
Liquidating Trust Claims Reserve), and the assets therein shall not comprise part of the Liquidating Trust
Assets.
-----------------------------------------
The Liquidating Trustee, as escrow agent, shall be responsible for payment, out
of the assets of the Disputed Equity Escrow, of any Taxes imposed on the escrow or its assets. In the
event, and to the extent, any Cash in the Disputed Equity Escrow is insufficient to pay the portion of any
such Taxes attributable to the taxable income arising from the assets of the escrow (including any income
that may arise upon the distribution of the assets in the escrow), assets of the escrow may be sold to pay
such Taxes.
------------------------------------------
Initial distributions of
Reorganized Common Stock and Liquidating Trust Interests by the Disbursing Agent for the benefit of
holders of Allowed Senior Notes Claims, Allowed Senior Subordinated Notes Claims, Allowed CCB-1
Guarantees Claims, Allowed CCB-2 Guarantees Claims, Allowed PIERS Claims, and REIT Series, as
applicable, will be made by the Disbursing Agent directly to such holders, upon consent of the applicable
Trustee, which consent shall not be unreasonably withheld.
COMMENTS: SO REITS received LTIs already though they are part of class 19.Can preferreds expect LTIs based on this?
--------------------------------------------
Consequences to Holders of Certain Claims and Equity Interests
Pursuant to the Seventh Amended Plan, and in satisfaction of their respective Claims, it is
contemplated that holders of Allowed Convenience Claims and Allowed Priority Non-Tax Claims will
receive cash, and holders of Allowed Senior Notes Claims, Allowed Senior Subordinated Notes Claims,
Allowed General Unsecured Claims, Allowed CCB-1 Guarantee Claims, Allowed CCB-2 Guarantee
Claims, Allowed PIERS Claims and certain late-filed claims, will receive cash, Liquidating Trust
Interests, Runoff Notes and/or Reorganized Common Stock (depending on the particular class and
applicable elections).
Pursuant to the Seventh Amended Plan, those holders of WMB Senior Notes Claims in
Class 17A that are deemed to grant releases by virtue of their elections with respect to the Modified Sixth
Amended Plan (in which case their Claims are treated as Allowed Claims) or have their Claims otherwise
allowed will receive their pro rata share of BB Liquidating Trust Interests in satisfaction of their Claims.
Releasing REIT Trust Holders will also receive a separately negotiated payment from
JPMC under the Global Settlement Agreement, the tax consequences of which are not discussed herein.
Pursuant to the Seventh Amended Plan, holders of Subordinated Claims will receive their
contingent Pro Rata Share of Liquidating Trust Interests and their Claims will be extinguished. Holders
of Preferred Equity Interests (including, without limitation, each holder of a REIT Series), Common
Equity Interests (including Disputed Equity Interests to the extent determined to be Equity Interests or
Allowed Claims subordinated to the level of Equity Interests) and Dime Warrants (to the extent
determined to be Equity Interests or Allowed Claims subordinated to the level of Equity Interests) will
receive their contingent Pro Rata Share of Liquidating Trust Interests and the amount of Reorganized
Common Stock allocated to such Class, subject to the provision of the releases described in Section 41.6
of the Seventh Amended Plan, and their Equity Interests or Allowed Claims will be extinguished.
One more time: "Disputed Equity Reserve " , not Disputed Eqity Escrow or Disputed Claims Reserve.
Disputed Equity Reserve details wanted, not Disputed Equity Escrow as mentioned in your message.
I am talking about the "Disputed Equity Reserve", not "Disputed Equity Escrow"
RESERVE vs ESCROW
As per the press release
Disputed Equity Escrow - "1.5 million of shares remaining on deposit in the Disputed Equity Escrow"
Disputed Equity Reserve - " In the event any future distributions of WMIHC common stock are made from the Disputed Equity Reserve, DTC will be instructed to allocate such common stock to each of the Escrow CUSIPs on a pro rata basis."
How many shares or cash or both held at "Disputed Equity Reserve" is not mentioned in the PR.
WRONG : "What it's also saying is that there is no guarantee of cash (not entitled). "
Markers are used to distribute either shares or cash or both.But marker itself does n't have a value.Do you remember we received some cash long time ago for disallowed claim thru our markers?.
Its like address where you can find somebody.
EC - Potential Recovery Thru Two Sources
Ownership of Reorganized Debtor
&
Interests in the Liquidating Trust(FOLLOWING satisfaction of claims senior in priority to equity interests)
It is FOLLOWING satisfaction, not UPON satisfaction.IMHO.
WHY NOT REVEAL THE SHARES HELD
At Disputed Equity Reserve when they mentioned about 1.4million with Disputed Equity Escrow?
"In the event any future distributions of WMIHC common stock are made from the Disputed Equity Reserve, DTC will be instructed to allocate such common stock to each of the Escrow CUSIPs on a pro rata basis."
What happened to the ASSETS transferred to CSC Trust company by LT?.What assets were transferred and what were they doing?.
"DCR (Disputed Claims Reserve) is an asset of the trust. The DCR (Disputed Claims Reserve) is not the Disputed Equity Escrow. "
That means as per the press release, escrows might not receive any thing.But DCR will issue LTIs to escrows or sell those LTIs and pay cash, eventually IMHO.
LTIs CAN GET SOLD IMHO
A. General Application of section 1145 to New Interests
Pursuant to the Seventh Amended Plan, (i) Reorganized WMI will issue the Runoff Notes and Reorganized Common Stock (collectively, the “ Reorganized WMI Interests ”) to certain holders of Allowed Claims and Equity Interests, and (ii) the Liquidating Trust will issue Liquidating Trust Interests to certain Holders of Allowed Claims and Equity Interests. To the maximum extent provided by section 1145 of the Bankruptcy Code and applicable non-bankruptcy laws, rules and regulations, the offer and sale under the Seventh Amended Plan of the Reorganized WMI Interests and the Liquidating Trust Interests (collectively, the “ New Interests ”) will be exempt from registration under the Securities Act, all rules and regulations promulgated thereunder, and all applicable state and local securities laws and regulations. The application of section 1145 and other applicable federal securities laws is discussed in more detail below with respect to each of the Reorganized WMI Interests and the Liquidating Trust Interests.
OTHER ASSETS CONSOLIDATED HERE
www.corporationwiki.com
William Kosturos
click on his name to see active companies
President at Wamu 1031 Exchange
President at Ahmanson Obligation Company
President at Sutter Bay Corporation
President at Flower Street Corporation
President at ACD4
President at Timcor Exchange Corporation
SEPERATE ESCROW ACCOUNT & CASH
In addition to the DCR, the Plan provides that a Disputed Equity Escrow be established to hold shares of Reorganized WMI for distribution
based on the resolution of disputed equity interests. A dismissal of disputed equity interests will result in redistribution to common
shareholders of Reorganized WMI consistent with the distribution of common shares on the Effective Date. The shares and any cash distributed on behalf of the shares are held in a separate escrow
account that is not recorded as an asset of the Trust. However, the Liquidating Trustee is the escrow agent for the Disputed Equity
Escrow. The Disputed Equity Escrow is taxed in a similar manner to the DCR. All expenses of the Disputed Equity Escrow (other than taxes)
are borne by the Trust. As of March 31, 2012, there were approximately 5.3 million shares in the Disputed Equity Escrow.
1st QSR
http://www.wmitrust.com/wmitrust/document/8817600120525000000000002
SAME PR LIKE LAST ONE ABOUT ESCROWS
How rude can they be?
Last PR
http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html
Disputed Equity Escrow vs Disputed Equity Reserve
DEMONSTRATED CLINICAL EFFICACY
We believe that our MyoCell® product meets these requirements as we have demonstrated clinical efficacy in both preclinical and clinical studies including our most recent MARVEL Phase II/III trial.
http://us-stemcell.com/en/ceo-blog-u-s-stem-cell-inc-is-off-to-a-great-start-this-year/
So i believe this is PART 2 of MARVEL Phase II/III and the outcome already must be very very positive.
Dr. Albini reports grant support from the NIH Center, the Department of Defense, and the Klorfine Foundation, and personal
fees from J&J/Janssen Cell Therapy Org. during the conduct of the study; and personal fees from Allergan, Bausch + Lomb,
Beaver Visitec, Santen, Genentech, Notal Vision, Inotek, Alcon, and Dutch Ophthalmic outside the submitted work.
The author got a fee from J&J/Janessen
But expecting $100mm peak revenue/yr?
From where?
Myocell?