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That's a better answer. Fingers crossed for a payment this year. Sick of waiting. LOL
I asked if we will see a payout on June 30. The answer was "no."
Has anyone been in touch with Alice lately?
I want to get excited about a possible payment on 6/30, but with all the disappointments over the years, I'm getting doubtful that it's ever going to happen.
June 30 is 10 days away. It can't come soon enough. We will either be celebrating or sighing. Let's hope the "surprise " means there's much more coming back to escrow holders than anyone is expecting. Anything is possible.
Same with my broker, I could not move escrows to Roth due to no value.
Yes, would be nice to see something happen to both. It definitely looks like things may be happening soon with WAMU. Hate the waiting.
There's a bottle of champagne ready for this big event. I sure am ready to celebrate after all these years of waiting. If nothing happens, it goes back in the cabinet...maybe Lehman will work out...
One thing for sure, I'm so grateful for EVERYONE'S comments and opinions over the years. I've learned so much. You've kept us informed. THANK YOU!
Yes, anonymously or with permission from the source. There's always a way without jeopardizing someone's employment.
Like I said before, I wasn't on the call so I'm working off of bits and pieces. She keeps finding ways to cleverly continue with this. That's what I meant by IF. But this appears to be the end of the road?? Missed opportunity??
I wasn't listening in on the call so I'm working off of what is being shared on the board. I doubt she would put her job as a lawyer on the line by referencing and basing her efforts on a make-believe source. She must have concrete proof and feel confident about it and about anyone behind the scenes helping her. I think she's prepared to keep this going and if needed reveal her source at a later date IF needed. It sounds to me she may be more prepared than we realize. Just my opinion!!
I keep reminding myself of that, but then there's remote vs. Lt...
I think we will be ok. Would love to be surprised!!
Mary
Maybe she owns a boatload of commons?? There certainly IS a mad rush to get this done.
Not feeling optimistic about Ps. But, if Alice's source is right, we may see some cash and shares of COOP?? If they are going to be considered private wealth, it must mean a significant amount coming back - maybe that's the surprise?? Just hope it includes the Ps.
I noticed that too. Ramos did not deny Alice's claim of COOP holding possibly $600B in assets. The impression I get from his reply is that they are protecting a (big) number that they didn't want disclosed. Just my opinion.
I just hope the pot at the end of the rainbow isn't empty. That would suck after all these years. LOL
Holding on tight to my day job. Who knows how/when/if this is going to end.
This filing is very impressive. Alice must feel very confident about her "source" and the information they are providing, but will a court accept information from a "source?" If she is successful and this moves forward, would the identity of the source need to be revealed?
I noticed a couple of times, she uses the word "probably" to explain some of her allegations. Will this weaken her argument since it shows she's not certain? Wouldn't she need to be positive about what she's claiming?
According to the source, there may be a distribution on or around 6/30 of approx. 2.5x par and Mr. Cooper stock from MBS? Is the issue here that we don't know how much Mr Cooper may have received from MBS (worth and contact information?) which may result in Ps receiving a fraction of what they may be entitled to?
I may be way off on my interpretation. Sorry for the questions if this has already been addressed.
Thank you as well for your contribution to the board. I've learned so much from everyone's comments. It's important and healthy to listen to everyone's opinion whether we agree or not.
Since I own only Ps, I sure hope you and LG are right. But in my travels through life, it has become very obvious that the corporate/legal world is very creative/misleading with their wording. What appears to be obvious sometimes is not.
I'm not a legal expert and I don't have access to confidential information so at this time, I sit and wait.
Thank you!
I'm hoping for 75/25 to the end, but I see how this may not apply to remote assets.
Can't wait to see how this all ends. Hopefully soon.
Thank you for the reply.
We all sit and wait some more. Won't be celebrating until I see $$$ in my account. We've had too many false alarms over the years.
For now I'll celebrate my health, having a good job and the best kids (young adults) a mother could ever ask for.
Do you still feel the approved plan cannot be disrupted or do you feel Alice's bold moves postpone the move forward, in your opinion?
Yes and I agree - if they are not entitled to it, they should not be gifted any of our money. But since we've waited so many years and a few are no longer with us, I'm willing to lose 1%. With the 99% I receive, I can make up the difference elsewhere.
I realize people holding thousands of shares will lose a lot of money, but they will still be making 99%.
Plus, I'm still skeptical of Alice's intentions. My gut tells me she's after personal gain at the expense of possibly tacking on additional years to this saga. I could be wrong, perhaps her efforts are legit. Don't know.
Would be wonderful to finally see a return on our investment at the end of June after waiting and watching every single day year after year. My to-do list is ready! ??
Best of luck to ALL on this board.
I have 500 Ps. I would rather lock in 99% than take a chance on going after the additional 1%.
For conversation sake, 500×2500=$1,250,000. 1% of that would leave me with $1,237,500ish, if I did that right??? I can live with that...would be life changing.
Thank you.
We continue to wait. Ughhh
The accumulated earnings should be enormous by now. Can't wait to see. Hopefully we all profit from our investment.
Yes, please share. I'm interested in a simplified version of things.
And, thank you and all the others for sharing so much information over the years.
Mary
That makes sense.
Does she need to own escrows to file? Could this be filed on behalf of those that own escrows? I'm not a legal expert, don't know how things work. Her latest comments are confusing. I don't think she's fighting for escrow holders. Would like to be wrong, but...
I think there are good kindhearted people here that want to believe her intentions are honorable. My gut tells me she's a snake. Would like to be wrong...
She's full of it. Mind games and manipulation.
She sounds desperate and selfish. This sounds like a con job to me. I don't think she even owns escrow. If her actions are indeed keeping this from moving forward, assuming there are assets to be distributed, she should be ashamed of herself- so many have left this world while she plays her games. I don't believe she has escrows. I believe she's just looking to recover any money she has lost.
Mary
Thank you very much for sharing. I appreciate the time you and others have spent trying to keep us informed, but how dare she hold everyone's potential escrow payment hostage just because we might lose 1%. I'd be very happy to forfeit my 1% if that means receiving 99%.
Mary
Hello goodietime - I just noticed a message from you from July. Sorry, haven't really been checking messages - I monitor the boards daily like everyone else, but haven't checked messages.
In response to your question, I was not able to purchase more shares unfortunately. Fidelity won't allow it. That's fine. I have some; 2,000Ps, 38,000Js, and 7,500 CTs. I also have 500Ps in WAMU. I sure hope by the time all of this wraps up, I get something from either Lehman or Wamu. My son was able to purchase a few through TD Ameritrade with no problem.
This waiting is driving me nuts. My to-do lists are long and ready to go as soon as money appears. LOL.
In the meantime, life goes on. My daughter recently married a wonderful young man. We are all healthy and preparing for Christmas...while we wait...
Thank you for the question.
Yep - agree - hope that's the case soon.
ok, thank you. That's what I thought, but wasn't sure.
LOL - I'll admit it, I don't know what I own!! I will shamelessly admit I depend on the knowledge of others to keep me informed. Thank you ALL for sharing your knowledge. I believe I have learned a lot from everyone's posts.
I decided to take a chance years ago by jumping in. It appeared to be a good opportunity. Didn't bet the farm, so I can sleep at night, BUT it sure would be nice for this risk to turn profitable. Still hoping for 75% for P shares!! So ready for this to be over.
Regarding the below, distributing monthly to who, the trust? And then eventually to escrows?
"And my favorite', ... How ?, are there so many negative' posters invested in WMI, now WMIH-Corp, without a fundemental basic foundational understanding of how these financials actually make money ? ... ABS-Certs and their financially productive distribution process', ... YES, distributing "MONTHLY" Like Clockwork' ... "
Mary
It looks like my Lehman Ps and Js may have changed a little. When I click on the escrow placeholder, I now see two buttons:
PURCHASE HISTORY / LOTS
HELP ME ADD COST BASIS
I THINK this is new. I don't recall this being there before. I'd like to paste what I see, but the system won't let me.
Mary
It's hard work - I'm tired.
In response to a private message - I'm considering opening an account with an additional brokerage - one that will allow the purchase of penny stocks.
I wish everyone on this board who owns WMIH and/or LEHNQ tons of luck!! I continue to believe our patience will pay off eventually.
I own 500Ps. I had 25,000 commons but had to sell them to help pay for some of my children's college expenses. Still paying off the loans, but getting closer to the end. Fortunately, they are great kids and doing positive things with their education. I will be pretty grateful though if we get a little back after all these years of waiting.
I also have Lehman escrows:
2,000Ps
38,000Js
and 7,500 Lehnq, lehkq, lhhmq (had more cap trust but sold some over the years - Fidelity won't let me buy more - ughhhh - I'm not happy about that!)
I sure hope between the two, something comes back from somewhere!
LOL
Yep, would be just my luck for every class except mine (P's) to get paid.
Still plugging away at the kids' school loans. Will be finished paying them off by the time this is resolved.
Oh well, more for me if there's anything coming back.
Ugh.
Mary
I'm so confused. If there are trusts that were protected when the two bankruptcies were created in 2008, wouldn't that mean anyone releasing in 2012 would not be included in future distributions since the trust became protected way before I released (500Ps)? I don't understand how everyone is going to do just fine if that's the case. I may have missed an answer to this question if already explained. I am not an expert in these matters. I'm sure hoping for 75/25 to the end to encompass ALL assets related to this company. If not, life goes on - waste of time.
I'll keep my fingers crossed for my Lehman Ps(2,000) and Js (38,000).
Mary
My P escrow markers appear to be frozen. Anyone else notice this with their markers? This has happened before. They will look frozen on one computer, not frozen on a different computer - but this time, they are frozen on both computers.
I'm watching. I've been watching. I don't see anything happening. At this rate, I'll be done paying off my kids' college loans before we see any money coming back. Very frustrating. Still hopeful though.
Mary