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lol yep...
The question is when
Appears so, what was AZ time on escrow payment?
Escrow is going to get $0.00
Hang in there...
Any chance its sooner like the 26th the date NSM has to choose?
I am riding the tiger, I hope it drops to a buck...
Fix is right Fred, Yeah I was hazzing on you but really anyone who takes any predictions here as the Gospel is foolish. Its not like I went to the local pinto dealer and said "hey Fred said I was getting a check so I would like that one on consignment? lol
10 4 thanks
It was rhetorical...
If you are correct I will gladly apologize. Simple question as I find no mention of WMI, WMIH, NSM or Escrow in any of the docs
What does that have to do with us
lol cool
According to Fred today is the day we some cash
Who could never forget about the wood grain side panels the pinto station wagon had lol
The short answer is we don't know I think of it in these terms it's kinda like asking if a 70s pinto and a 70s Porsche is going to be worth the same in 2020
True Dat lol... God just let it be over...
Well think of it like this NSM cash for 18.00 and 12.somthing for shares of WMIH it would not surprise me if it opened after merger at $12.00 PS just me guessing...
Our BOD
I am not following 33x6?
SO what are we getting LG 1-1 common?
Thanks
what ever happen to withcats
I wish Fsshon would way in on this merger...
No doubt...
I think I would have to agree with you
I think we've been here before guys and who he really thinks that $138,000,000,000 is coming back to us I mean really
So when can I have my cash?
So what is your take on it?
SH = Trust and trust can not be bankrupted, they can only be liquidated and money distributed to there beneficiaries. Why? depending on the type of trust of course, the reason is because they are separate entities much like a corporation...
I had talked to a friend that has been practicing law for over 30 years; he looked at your question and just flat told me its to complicated to give an answer off cuff lol. He agrees with me that the lawyers designed it this way...
"bond-007....this is my thinking on the subject of who owns the SH assets....when investors buy stock in a company, it is the capital which buys the assets to generate profits which, after expenses of operation, the company either invests the excess money, or declares a dividend to the shareholder...Now, having said that, how can a company buy assets, then set up another holding company to shield these assets in "safe harbor"? from bankruptcy.....that is all well and good, but whose assets are they anyway...it would be like you go in partnership with another, he takes the money, buys property, and puts it in his wife's name, and excludes you out of the assets...I don't think that is legal.....so, I believe that although, WAMU set up a holding company to shield assets from possible bankruptcy, those assets still belong to investors who bought WAMU stock... in no way can they exclude them from investors and say that the SH assets belong to Wmih, which is the successor to Wmi....I would like a corporate lawyer, if there is any on the message board to chime in...the question is.."is a holding company beholden to that which gave it assets to sequester in case of possible bankruptcy.? and, after bankruptcy proceedings are through, do these assets revert to the reorganized debtor sans the original purchaser of the assets to begin with..?? Lodas"
I would not hold my breath for a check coming Friday or Monday lol
Thanks lodas I'm going to shoot that question to one of my attorneys that does a lot of corporate litigation see what he says off the cuff, stay tuned.
Did you ever come up with an answer, I to ponder the same...
Well boys I think the only way that happens is if someone gives WMIH a little blue pill IMHO lol
Agreed, escrow markers are the only ones getting compensated...
Because a claimant is a creditor not an asset...
Let's not forget this is not about truth and justice this is about Benjamin's
I have to say you were nominated for the best post of the day and let's not forget any good lawyer could argue this case both ways and argue the POR7 both ways