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Danti there are about 35 different cusips meaning, there will be a separate ballot for each WAMU stock. .C1 and .C2 are for opt in and opt out commons. I don't know what the other symbols are for the other ballots. Maybe someone here has all 35.
Cash
Radiumsoup, re-read my post. I said nothing about recovery.
Cash
esydsit-if you live close to a Scottrade office, just drop in, they will print one for you. It's 13 pages long. You only have three pages that require info. Very short. They can help you get it done. If you are not very close, call early today, have them mail it to you, then get it back in the mail to them. You should get it the next day. You need to check accept the plan on page 6 if you want to stay in and list the amount of shares you own, then fill out your info on page 9 and 10. Make sure you have them make you a copy after you are done and get a print out showing your account on record has been updated.
Cash
Actually right now its up 15.38% be careful
of the pump and dump my manipulators, unless of course you are into flipping in the same day. These last few days are bound to be a roller coaster ride. IMO
Cash
WAMU.C1 VS WAMU.C2 symbols
When you cast your vote and it gets registered, you should see one of these symbols in your account. WAMU.C2 is for those who decide to opt out of the plan. WAMU.C2 is the new symbol for those who decide to opt in for the plan and whose shares will be release. Once the old symbol WAMUQ is halted, the deadline has expired and all shares both in and out are handled or distributed, this old symbol will go away. It's anyone's guess at this point as to what the newco symbol will be if anything as I did not read anything in the ballot documents that mentioned that.
Cash
Mine still shows wamuq. Maybe it will change today.
Thanks
Cash
But where is the wamu.c2 symbol in the account screens. I don't see it. Let me know which scottrade screen you see it in and I will check mine.
Thanks
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Gmen where do you see wamu.c2 in Scottrade?
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You will most likely be charged once you vote and your ballot is sent in. According to my acct rep.
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Pretty soon, the share price will be low enough so you can buy large blocks and flip them before it gets halted. IMO
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Nascow
my scottrade guy said the reason they are charging the $25 bucks is because scottrade has put a lot of time and labor into the ballots. Before he told me they were waiting for the ballots from their vendor. I guess they are trying to make a buck any way they can. It's a sham when they charge you to vote. Kinda like extortion.
imo
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dm yup saw that later on. kudos eh!
Once the final decision was made the sp has been and will continue to drop till it is halted,
Cash
Be-ready-to-read-a-14-page-ballot.
My broker said in 16 years he's never seen ins so complicated as this.
You may need an attorney to clarify it for you.
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Explain locked up shares.
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Got mine today - voted today.
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dm63 please post the national branch phone number and contact name for others here.
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Is there an FDIC ruling or statute that forces ballots to be sent to shareholders within a specific time period?
Anyone know? Seems to me a lot of foot dragging is going on in getting ballots out in a timely manner. Also is there any recourse to ones broker or vendor who supplies the ballots should they be the ones responsible for dragging their feet causing one to miss voting or to get it mailed so it's counted before the deadline.
Seems to me since this deal was done they should be able to send ballots out in a timely fa shin unless there is a covert effort to drag it out so less shares are released.
Anyone!
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Realtime exPlain the if one does not release how they can come out of this ok.
You say don't vote release but you list no alternatives.
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BigBang - You-can-thank the Honorable Judge
she has allowed herself to be bought off.
Goes to show you who is really running this financial sector of this country.
IMO
I agree with MONICALAW, if more people made buys, shorts would be forced to cover causing pps to rise.
Afterall, the .045 pps to many here is a steal, isn't it!
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Don, very interesting line of events, so what do you feel will be a fair value of newco common shares once this happens. Any predictions?
Thanks
Cash
Large some of your reasoning is valid while much of it isn't. You make a lot of claims of which have yet to be proven both good and bad.
To long to explain here but you should provide more proof of what you claim even if it is just your opinion.
IMO that is
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Nicely done Catz - badly needed for many here. IMO
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I haven't heard of anyone getting their ballots yet so whenever someone here does they should post it so others know.
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Thanks Claw and Catz
Claw explain this distribution if shareholder does not check the box to release. If I understand what you said, In other words, you are saying if you chose not to release you will receive a distribution.
Please explain further.
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Interesting senerio!!!
If this ordinary loss is carried forward, what do you think it will do to the new share price?
Cash
It seems like getting the ballot in a timely fashion is as big an issue as getting the ballot back before the deadline. What's the hold up anyway. Is this another ploy to delay and hopefully catch those who don't get them in time and then vote and mail it back in time so it has a negative affect on the release?
Anyone?
Cash
I ditto that.........
Will we be able to see a copy of the NEWCO bylaws anytime soon or will those not be available till way after the NEWCO emerges?
Agreed, it may turn in the direction we don't want.
Depends on the new BOD and what they consider is in their "best interests"
Cash
Ditto to Radiumsoup.
On Pg.5 the deadline is Feb 22nd for voting to release shares.
http://www.kccllc.net/documents/0812229/0812229120106000000000006.pdf
It would be wise for all on this board who have not yet read this to read this document. It will answer most of your questions.
It seems trading is not guaranteed upon emergence as shares will NOT be listed on an exchange and may never be listed as it says, and the possibility exists that your shares may be on hold for a very long time.
Remember, after emergence, it will be up to the new BOD's to do what's in the "best interest" of the NEWCO and that could be a frightening thought, for commons. IMO
Cash
If volume slows pps should increase in anticipation of the deadline unless something is published otherwise.
IMO
cash
Claw man maybe the market does understand and the sp is a reflection of that and you don't understand the POR.
IMO
If commons are in then explain why does the sp keèp dropping.
Remember March 12, 2010
It dropped faster than it went up. Could be another pump n dump manipulation. Only time will tell.
IMO
Cash
Plan B - sell
I was right here doo and the run on March 12, 2010 was pure insider manipulation that had nothing to do with progress of this case or value.
You and your posse can all wear a shirt. Lol
Cash