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sure hope you're right.. we are all tired of waiting.. hero or zero!
Yea. They should at least mention what to expect next now that the EC claim is closed and piers are paid.
I suppose so.
But an update on the wmilt website would be nice. To at least acknowledge next steps and a timeline.
Hopefully you are right. Clarity is what we all seek..
Yeah we are coming up on 3 weeks after the EC claim closed and Piers paid. It should be fair that some sort of update be provided by the LT now..
Maybe the hedgies know exactly what is going on behind the scenes, so waiting isn't an issue. However for us retail, we have been pretty much been told nothing the past decade. It's hard to wait when one has little to no clue how this will end.
Doesn't tranche 5 need to be dealt with first?
Yup.. we can all speculate what $ may or may not come back.. but it's all useless if is no schedule or dates on the next steps..
Those with the power behind the scenes have been dragging this out forever, and continue to do so at their own pleasure..
So now that 2 weeks have passed since the WMILTnotice to pay piers off.. there could be an update anytime now on next steps? Would it be reasonable to assume no more court dates at this point? Thanks
Hopefully not. Hopefully the hedges are tied to us at the hip assuming they hold all the same escrows as us.
Yup. Not sure how the wmih shares we received can be considered fair and reasonable so far since they got diluted and have not appreciated much at all.
agreed.. we need an end date.
many have said the hedge funds are in the same boat as us... but a decade later.. there has not been even a peep from them. so where or what are they doing?
Well assuming this has all been orchestrated, they've had over a decade to figure this out.
Let's hope we get paid soon.
Moving forward, what expedites and gets rid of the restructuring component and personnel? Or who has the ability to do this ?
ok thanks. forgot about this. this old article makes it sound rosier than it has turned out.. as the WMIH shares we've been given have been a total bust so far.
yea. i'm a bit surprised he would mention when they hope to close the BK..
Ten year anniversary of what?
i agree.. no more b/s. this needs to come to a head soon.
yea it would be nice to get some dates... even for say when the BK case might end..
just checking.. there are no more scheduled court dates anymore right?
i'm just wondering if there is any new 'milestone' dates to look forward to in the BK case now.. other than i suppose the COOP earnings call this week
Thank you Az
Hopefully the liquidated funds reaches 19 and 22 this year then..
Since they have been distributing, where us the money going? Is this money us who hold tracking markers should expect to recover one day?
thanks! i'll take alook
the other question i guess is whether the BK court and judge was party to the preferential treatment given to the unsecured creditors..
in contrast.. us equity were given mere weeks to sign off POR 7 and give our releases.
i guess at this point though.. if they suddenly come out and say there's enough to pay everyone.. then maybe it won't matter anymore.
Yea the wmih turned coop shares they gave us are not F&R unless they somehow go to 4 figures per share!
Thanks for your continued DD dmd!
Hopefully.. though thus far there has been very little correlation between coop and what has transpired in the bk
wouldn't they be absolved of negligence if blessing was giving by the judge?
sure seems like something is going down.
it's like they are trying to go back in time and 'erase' all the fabricated delays and claims from the last 7 years.
either that.. or their IT are updating computers! ..
do we know if CIC has occurred yet?
yup. who knows maybe the kcc clerk forgot to type 'closed' on those 4 employees
hopefully it is just an administrative detail that will be taken care of
yup. cheers!
yes, hopefully that will be evident soon.. whether or not we get paid..
If you believe in the 75/25 thing.. then some of the posters on boardpost have mentioned the following breakdown:
Legacy preferred get $7.5B ($4B (TPS) + $3B (Ps) + $500MM (Ks)) for every $10B that comes in and that is 1X PAR - i.e. P's reach face of $1000 and K's reach $25
Legacy commons get $2.5B (for every $10B) which equates to $1.9 per old Q based on 1.2 billion Q's that released.
so say 2 PAR would be just under $4 per legacy common.. 4 PAR just under $8 per legacy common
anyhow, i'm just the messenger.. reposting what others have said.. don't shoot me! :)
yup and these trusts (assuming they exist) are presumed to be BK remote as many have stated here on the board
exactly.. COOP has to become a 4 digit monster in order for a somewhat F&R return to legacy holders based on the WMIH turned COOP shares given to us.. it's hard to see that happening in the near term.
F&R is only possible I think.. if they somehow compensate us 2x to 4x PAR for our escrows..
hopefully the windfall will be large enough for most of us to afford to quit!