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Yup.
ridiculous they don't have any scheduled dates for any of this.. especially after all these years
the lawyers are just going to milk our 'money' dry if litigation continues for years..
it's a long shot, but maybe we do need our own representation and sue the powers that be.
yea because there is a slight possibility we might get 'it' back.. but almost no one other than the power players behind the curtains know if this is the case..
I don't think anything is currently scheduled..
wait wait wait is all we can do..
Hopefully that final payment is what we are looking for
I wonder if any law firm would do this on contingency..
or could Susman be brought back?
exactly.. F&R has nothing to do with averaging down on new WMIH shares (now COOP)..
it has to do with some reasonable recovery for all those legacy escrows we hold..
is today the date that Rosen is suppose to respond to something? or are there no scheduled dates anymore.
even if coop becomes $100 pps one day.. that still does little for legacy wamu holders (especially after that R/S last year) if the escrows don't materialize into something tangible..
I guess for us common folk, WMILT be the only body that would say if escrows get distributed anything..
the question is do we trust WMILT and the powers handling this? not really, not even the judge sometimes.
our main hope are the Hedgies who probably hold the same escrows.. and also hope the Hedgies don't have a back door deal that leaves us legacy retail hanging.
hopefully not worthless!.. otherwise for a decade of waiting all we got are the pittance of wmih shares.. which after R/S and becoming COOP are crumbs at the moment
and we are dependent on likes of walrath and rosen to come together and close the BK..
let's hope no more extensions of any kind are granted.
i think we all wish we knew more about our escrows.
walrath needs to close this decade old bankruptcy case first.
i guess we use to have Susman representing equity way back before POR 7 was finalized.. too bad they fell off the face of the earth afterwards on this case..
however they must know something.
at this point, i think our only hope is that the hedge funds (who we hope are in the same boat as us with escrows) will keep rosen and his overlords honest enough so that we will see a meaningful recovery
Is there a date by when Rosen needs to object by?
that's why I have always felt 'whatever' about WMIH / COOP, even more so after that R/S last year..
now if they were swapping JPM shares for equivalent legacy escrows, then that would be different..
Isn't the EC issue is closed now? .. or not quite officially?
thanks.
so I guess total black out now unless WMILT provides an update or something is filed in court..
in terms of the BK case in court.. we have no more scheduled court dates at this time.. correct??
I just want some action..
with the BK now probably over.. hopefully things start to happen in the next few weeks.
if there is anything coming back it would be nice if they at least started with something, anything.. 10B to make legacy preferred whole at least..
2018 was a year of heightened anticipation.. hopefully 2019 will meet some of our expectations and become reality..
Truly mind boggling numbers indeed
i think international investors may be eligible for certain tax exemptions or reduced taxes (depending on country) if they fill out a W8-BEN form (Certificate of Foreign Status of Beneficial Owner for U.S. Tax Withholding)
thanks AZ. sounds good.
we've all been waiting a long time and hopefully the light is just around the corner!
all the best to you during this holiday season!
do you think it is the 10B to 40B range? or over 100B (for all the mortgage backed securities) like DMD has postulated?
if coop is the real deal.. hypothetically what do people expect coop stock price to behave if positive news comes down the pipe? would it one day become a 5 bagger? 10 bagger?
reason i ask is that unless coop goes to like a thousand dollars a share.. it is unlikely to make up for all the losses suffered by wamu legacy equity? (especially considering the recent R/S?)
dr. Acharya
pretty much.. they are at least done for the year.. likely no news or action
or maybe a settlement!!? (wishful thinking..)
or maybe everyone's gone on vacation already..
so does that mean we could still possibly be looking at a high 4 figure or 5 figure return on preferred escrows?
these 'news releases' are mostly smoke and mirrors..
the truth lies in the all the posturing, redacted documents, hedge fund maneuvers and probably countless closed door discussions over the past decade.
hopefully soon there will be an unveiling.
one would think tepper bonderman et al. would want to be paid before any market crash..
i hope your next dream envisions ten's of billions coming back!
i sure hope you are right! and that we are tied at the hips with the hedgies..
in the mean time, is March the new 'date'? or could Walrath end this down earlier.
why does the BK court need additional submissions?
can't walrath just quash this and wrap this up.. or are her handlers telling her to hold things up for another couple months..
10B wouldn't be a bad start.. would make legacy preferreds whole.
but you're right.. need to stay grounded.
I guess a bunch of J.P. Morgan Asset Management ETF would be alright.
assuming it be proportional to our escrows... and not one ETF for like 10,000 common cusips.
we should probably all just enjoy the holidays and assume nothing will happen this year.
walrath is going to give everyone another vacation
at this point, i'd be happy with even just par on the preferreds..
and $8 on the commons would be nice.. similar to what WAMU was trying to sell itself for a decade ago before it was seized.
yea it's been dragging out week after week, vacation here, document request there..