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She uses European results to indicate our outcomes here. However, we have a huge debts vs surplus in Europe.
Sorry, should be "Ines"
Ones always believe cts get nothing, and OBS is golden.
If so, let's celebrate in Vegas. GLTA
Yes, legally you're right. However, I am thinking how could wmhi supports her 3.5B authorized shares w/o any substantial assets.
Maybe go thru some ways wmhi gets something from WMILT. Or, wmhi gets 2.5% annual managerial fees from WMILT. Assuming WMILT has $100B, wmhi will earn $2.5B gross income plus profit. I don't know the income would support the share price.
May I ask who is your broker?
IMHO, cts will not receive money, and will receive new shares from lehman2 instead.
IMHO, there is another way to do it.
As escrow holders, we are the legitimate claimants. Therefore, we'll get whatever our claims which are equal to 1 x par plus accrued interests for preferreds, and prorated amount for common.
After WMILT settles our claim, the rest of a huge amount of $$ will be returned to wmhi as the original claimants. Bc we also have the stocks for wmhi, it may be worth around $10/share right way.
But, substantative consolidation was rejected by US judge in the beginning due to too much deficits. It is unlike our partners at outside of USA.
Lehjq equalizes to 66M shares. Do you remember how many shares was Lehjq issued? Thanks
Is OBS including Lehjq? Thanks
Has the countrywide been brought by BoA?
It seems that you've checked who's the actual seller. Could you tell us? Thanks
Yes, I sold some around $0.30 - 0.35 /share to average down my holdings. Since it is a lotto play, the lower is better.
I have total CTs around 80K, but average them around $0.023/share. Like lotto tickets.
Confused, I think there is a big difference in terms of settlement US vs Europe. I even know there definitely has the difference I. HK.
Once big $$$ come back to escrow, it's the time pre-holders see the lights. Some law firms will initiate the class action of law suit against either RosenCrap or someone. You, as pre-holder, pays nothing to see green. Be patient.
I am not a pre-holder, but I feel, IMHO, you should get something.
It's happened yesterday for Lehman's preferreds (Lehjq). Basically, ML abandoned this preferreds and the value is ZERO.
Could you verify with your friend one more time ?
By the way, ML used the word "Abandon".
Mine has been dropped by ML, but the value is ZERO.
It's press release dated / filed on 4//29/2014.
Further information about WMI Liquidating trust can be found at www.wmitrust.com.
Actually, WMILT sent 2014 tax beneficiary letter disclosure to runoff note letter recipients dated 4/1/2015. Above PR was an enclosed copy resent by WMILT to pier holders.
But the unsecured bond price keeps dropping down.
Ask / Bid. $7.25 / $5.71
There are common and P as same as ML
He probably transferred all assets , before BK, to European operation because UK laws protects her local investors. We all here pays the expenses. It is not fair, we even did get all principal yet. Look the other side, they are ready to get interest payment. What's a shame.
Me too, definitely have some connections. By the way, I also have both FnF preferreds and commons.
As pre-BK, WMI had $24B net assets, and served $300B+ MBS to earn 2.5% service fee. I believe that WMI had invested her money in mortgage, and packaged with other investors' mortgages then issued the packages as guaranteed securities.
As LG said, JPM never bought MBS. It's true. However, during the period ( 2009 - 2014), JPM refinanced, by her own money, old wmi's MBS. Plus, liquidated a lot of bad MBS. All the processing accumulated $100B+ cash then sent it to depository trust. So, now JPM owns all the mortgages which were owned by WMI before.
Questions is how much WMIHLT would get after other investors, or share equally against write-off by JPM. Remember, JPM said she did the best decisions to protect the value of MBS. JPM's write-off is more than $24B. IMHO, we may see nothing to LT.
It turns out thatJPM is the largest winner. Not only convert all old WMI' MBS without any additional efforts now under JPM' umbrella, plus 2.5% service fee for 6 years.
LG, BlueeFoxx had a post today about $100B are owned by MBS investors, such as FnF. Appreciate your comments. TIA.
Yes, it is the number of shares.
From Etrade, which will show the quantities, bid and ask price.
I think it was sold only 10 shares. Most bonds still bid at $5.00.
I carry the personal NOLS since 1998 after I finished a "S" corporation.
You can use your NOLS with no limits every year. For examples, sometime I used it to against my entire year of revenue. For some special case, I used it against my roll over from traditional IRA to Roth IRA. That amount is huge, and no limits.
How many years to carry? The law has changed many times. In the beginning, it was 15 years, then 25 years, then for your whole life since 2009(?). I don't remember exactly the year but was informed by my accountant that's for lifetime.
Be careful, once you moved to another state, you will lose all the benefit to against state tax as I did in 2007.
The only way, JMHO, is going through class action for pre holder, if illegally hidden assets are found.
Including me, lost everything in Kodak common. I thought the patent could be auctioned around &2.5B but it resulted only 20% as expected. Definitely did not like Northern Telecom got $4B. Everyone teamed together not killing each other. Finally, HF, as DIP, took over, and commons were wipeout.
Hmmmmm, similar here.
You're right. If I were LT, I rather redeem all CTs because CTs are going to be the biggest winners of LehmanII, but only take $1.2B to bypass them. If Lehman has hidden assets then it's a different story.
Do you know any creditors higher than CTs in Enron case paid in full. Thanks.
No, they are my escrow symbol.
Wow, you're the winner.
Yes, so urge everyone does it ASAP for escrow, otherwise, will be too late if LT announces money in.
Ah, I forgot, thanks for you remind me.