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DanBB What do you think the odds are of this continueing its dip into Monday Tuesday? Held for over a year, was at a meeting on Friday went to my computer during the break and checked to see where we were at becuase of all of the hype for the hearing and saw the chart taking a huge dump(Extremely bad timing, It was when we were down $14). I got on my phone, saw 1 post saying the attorneys said no recovery and was flushed out (must of left those balls of steel Kristallweizen was talking about wifes purse)...now after having time to actually read through all posts..I F'd up and am hoping to re-enter hopefully with the same # of shares..Do you see this hitting 23-25 again? Or do you think this is finally it and the deal is done and I just NEED to get back in?
Jerle what is going on with the EC? For us to get an EC what needs to happen?
Rockie, What auction? Sorry I don't have time to sift through everything today. Did I miss something big?
Lehman Bros Liquidation Trustee: Trustee Has Determined 85% Of Asserted Claims
Nov 11, 2009 18:01:32 (ET)
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2400)
November 11, 2009 18:01 ET (23:01 GMT)
Has anyone else had this in their portfolio news?
Which is higher in the payout order J's or C's? or are they equal and any payoff that would make it to either would be a % of total split between all preferreds that are at the same level?
Is their 8k due? or 10Q? I didn't think their 10-Q would be out until November (at least based on their past 3rd quarter filings.)
Also...I remember reading a while back that JPM could not settle until TARP was repaid....found this and it seems as if they may have already repaid it? Wanted to put it out there for the brains to look over and see if anyone else had seen this. It is JPM's 8k filed in 06/17/09....
https://www.etrade.wallst.com/etrade/v1/common/pdf.asp?docKey=169-09900982-2BUKNM4PNRSU31NTE5B6H65A13&User_SessionID=4971109D751F1AA3
Been in this for over a year now, had SEVERAL conversations with my broker who never seemed to know anything about this saga, just advised me not to invest... Today I speak with him and he seems to know all about WAMUQ. He told me today that this is settled...and that .27 is the price. So I asked him, if this is settled why is this still trading? He told me he wasn't sure why it was still trading but it was done and then said 'notice how this has been trading in the ballpark for the past week or 2..It's done.'
I personally think he is full of it. I think trading would have been stopped on this. I asked him to provide a source to his info via email a few hours after the fact, just waiting for the response now.
Probably going to be eaten alive by the board for this post (I AM NOT A BASHER) but has anyone else had any experience like this with their broker recently? I can't find anything anywhere showing these numbers or how they would calculate. I haven't looked over any of the kccllc docs that were posted today yet (if any) but, hopefully he provides the source soon...Him not responding is really pissing me off..
http://www.deb.uscourts.gov/
Here is link for contact info for Ms. Capp
Haha nice, but you may not have made it to far on Price is Right....only gave yourself a chance to hit dead on..I'll guess 37.01 :)
I'm sure you could put in an order just under the ask and get some nice stop loss shares...seems to happen all the time on these.....IMO
For the Texas action I they did but to me it that his decision in the TX court looks to be effecting us here as they referenced that case and ruling as most suits do. I am not a legal mind just wanted to see what some of the legal brains here thought...
HAve any of the legal minds here looked at this yet? Do any of you think it is something to be worried about or just BS.
http://www.kccllc.net/documents/0812229/0812229090918000000000005.pdf
Anyone think this will pull back tomorrow? So far It seems I am seeing a lot of high hopes but anyone think it will pull back? Brikk? Coach T? Profit taking tomorrow? Been in since last September, not trying to be a basher but this is starting to almost seem to good to be true and seems to be happening faster then I imagined...
Think of the number of times someone got caught on putting in a market order and it WAMPQ randomly opened at 29.51...I know it would drop back on the next trade...but I think it would be nice to see it hit 75.00 first thing....may draw a little more attention? shoot up on some corp radars?
share ownership question...
This was just posted on the UQ board and made me think..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41526925
If/When the settlement is announced and when/if we get face plus back dividends are the dividends based on the length of time you have owned the stock or are they considered back dividends from the date of last disbursement?
I'm a newb and wasn't sure.
Is anything going to happen on this stock? I was looking through my etrade and found I own a nice chunk of what appears to be ****. I tried doing some DD but didn't find anything other than the same release CEO release over and over again. No SEC filings either? Any help or direction in where to look is appreciated.
Maybe this should be sticky on the other board haha
I can't remember when it was stated but wasn't it on one of the hearing recordings or docs that Wamu said they will exit or plan to exit BK by end of 3rd quarter this year....
which is coming up pretty quick....
Does anyone else remember hearing this?? I will look through some of the old docs and see if I can find it.
Has the B/A had that big of a spread every day at close? is it normally a bigger spread going into the weekends?
Sum of all securities listed in story:
$3,375,000,000.00
Unfortunately that is all it is....
story attached, cusips and issuer of security in story as well... damn! Unless they would for some reason be doing this to issue new preferreds to back the settlement they are about to pay off this litigation...possibly these getting near their maturity date and they figure it to be best? doubt it but maybe possible?
JPMorgan Chase Announces Cash Tender Offer for Certain Trust Preferred SecuritiesFont size: A | A | A11:49 AM ET 8/4/09 | BusinessWire
RELATED QUOTES
4:00 PM ET 8/5/09
Symbol Last % Chg
JPM 41.78 3.90%
Quotes delayed at least 15 minutes
JPMorgan Chase & Co. ("JPMorgan Chase") announced today that it has commenced a cash tender offer for any and all of the following trust preferred securities:
-- Global Floating Rate Capital Securities, Series B issued by Chase Capital II
-- Floating Rate Preferred Securities issued by First Chicago NBD Capital I
-- Floating Rate Capital Securities, Series C issued by Chase Capital III
-- Floating Rate Capital Securities, Series F issued by Chase Capital VI
-- Floating Rate Capital Securities, Series M issued by JPMorgan Chase Capital XIII
-- Floating Rate Capital Securities, Series U issued by JPMorgan Chase Capital XXI
-- Floating Rate Capital Securities, Series W issued by JPMorgan Chase Capital XXIII
The offer is being made pursuant to an Offer to Purchase dated today, which contains detailed information concerning the terms of the offer. The offer is scheduled to expire at 11:59 p.m., New York City time, on Tuesday, August 11, 2009, unless extended or earlier terminated (the "Expiration Date"). Any such extension will be followed by a public announcement no later than 9:00 a.m., New York City time, on the first business day after the previously scheduled Expiration Date. Tendered securities may be withdrawn prior to, but not after, the Expiration Date.
The purchase price to be paid for the trust preferred securities that are validly tendered and not validly withdrawn on or prior to the Expiration Date is set forth in the table below:
View dataCUSIP Number Trust Title of Security Aggregate Liquidation Amount Outstanding Purchase Price Per $1,000 Liquidation Amount of Securities (1)
161480AA6 Chase Capital II Global Floating Rate Capital Securities, Series B $500,000,000 $630.00
31945HAA3 First Chicago NBD Capital I Floating Rate Preferred Securities $250,000,000 $630.00
161478AA0 Chase Capital III Floating Rate Capital Securities, Series C $300,000,000 $630.00
16162LAA1 Chase Capital VI Floating Rate Capital Securities, Series F $250,000,000 $630.00
46626YAA0 JPMorgan Chase Capital XIII Floating Rate Capital Securities, Series M $475,000,000 $630.00
48123KAA4 JPMorgan Chase Capital XXI Floating Rate Capital Securities, Series U $850,000,000 $600.00
48123UAA2 JPMorgan Chase Capital XXIII Floating Rate Capital Securities, Series W $750,000,000 $600.00
CUSIP Number Trust Title of Security Aggregate Liquidation Amount Outstanding Purchase Price Per $1,000 Liquidation Amount of Securities (1) 161480AA6 Chase Capital II Global Floating Rate Capital Securities, Series B $500,000,000 $630.00 31945HAA3 First Chicago NBD Capital I Floating Rate Preferred Securities $250,000,000 $630.00 161478AA0 Chase Capital III Floating Rate Capital Securities, Series C $300,000,000 $630.00 16162LAA1 Chase Capital VI Floating Rate Capital Securities, Series F $250,000,000 $630.00 46626YAA0 JPMorgan Chase Capital XIII Floating Rate Capital Securities, Series M $475,000,000 $630.00 48123KAA4 JPMorgan Chase Capital XXI Floating Rate Capital Securities, Series U $850,000,000 $600.00 48123UAA2 JPMorgan Chase Capital XXIII Floating Rate Capital Securities, Series W $750,000,000 $600.00
View data(1) Plus accrued and unpaid distributions from the last payment date to,
but not including, the settlement date for the applicable series of
securities purchased pursuant to the offer. The settlement date is
expected to be the business day following the Expiration Date.
(1) Plus accrued and unpaid distributions from the last payment date to, but not including, the settlement date for the applicable series of securities purchased pursuant to the offer. The settlement date is expected to be the business day following the Expiration Date.
JPMorgan Chase is making the offer in order to provide liquidity to any holders of the trust preferred securities that wish to dispose of any or all of their securities.
The tender offer is conditioned upon the satisfaction of certain customary conditions described in the Offer to Purchase. The tender offer is not conditioned upon the tender of any minimum principal amount of securities. Subject to applicable law, JPMorgan Chase may, at its sole discretion, waive any condition applicable to the tender offer and may extend the tender offer. Under certain conditions and as more fully described in the Offer to Purchase, JPMorgan Chase may terminate the tender offer before the Expiration Date.
JPMorgan Chase has appointed J.P. Morgan Securities Inc. to act as dealer manager for the tender offer, and has retained Global Bondholder Services Corporation to serve as the depositary and information agent.
Requests for documents may be directed to Global Bondholder Services Corporation by telephone at +1 212 430 3774 (banks and brokers) or +1 866 540 1500. Questions regarding the tender offer may be directed to J.P. Morgan Securities Inc. at +1 866 834 4666 or collect at +1 212 834 3424.
None of JPMorgan Chase, the dealer manager or the information agent is making any recommendations to holders of securities as to whether to tender or refrain from tendering their securities in the tender offer.
This press release is for informational purposes only and does not constitute an offer to purchase nor the solicitation of an offer to sell the securities. The tender offer is being made only pursuant to the tender offer documents, including the Offer to Purchase and the related Letter of Transmittal that will be distributed to the holders of the securities subject to the tender offer. The tender offer is not being made in any jurisdiction in which such offer, solicitation or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and Washington Mutual brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
SOURCE: JPMorgan Chase & Co.
JPMorgan Chase & Co.
Thomas Kelly, 312/732-7007
haha Probably JPM trying to gobble up shares to make the Settlement easier on themselves, or JD trying to make some extra cash because they cut his bonus for the mess he got them in..
MUST READ....ETRADE PR NEWSWIRE
Jul 31, 2009 15:40:00 (ET)
SEATTLE, July 31, 2009 /PRNewswire via COMTEX/ -- The deadline for submitting letters to www.wamuequity.org has been extended to August 9th, 2009. Please visit the website for full information about this. Be sure to visit the "Latest News" section and the "Action Req" section for full details about this action on behalf of shareholders. If you have registered, but not sent a letter, it is necessary that we have a letter from you in order to incorporate your data into our group effort for representation. For your convenience, we have set up a toll free fax number. See "Action Req" on our site for full details.
You will note our website has two registrations, one for the home page and one for the forum. Registering in both places will enable you to receive email updates on the progress of what we are doing. Please be advised the computer generated password is sent to SPAM folders on many ISP's. There are instructions in the forum for how to change your password to a password you prefer.
Registering shares on line is only for people who have sent in letters without specifying how many shares they currently hold in Washington Mutual Inc. Those who have not sent in a letter need only send in our new letter, it is not necessary to complete the online registration.
If you currently own shares of any Washington Mutual Securities, please visit our website and participate in this letter drive. Please read instructions on the website carefully about where to send this letter. The template for the letter is located at the bottom of the instructions in the "Action Req" section. You may alter this letter in any way you wish, on our on line template. Do not, however, eliminate the first sentence of the letter. Please limit your letters to one page, and be sure to include the number of shares you own in the appropriate space. Be sure to sign your letter.
There are four classes of securities, WAHUQ, WAMPQ, WAMKQ and WAMUQ. WAMUQ is the common stock that used to be stock symbol WM. Washington Mutual stocks are currently being traded on the "pink sheets". See the "Securities" section for more information.
JPresnall@WaMuequity.org
1-360-790-1149
It is 5% of each right?
So JD could really soften the blow of paying us if he had
5% PQ
5% HQ
5% kQ
5% UQ
If he bought 5% wouldn't it be listed on the mffais site?
http://www.mffais.com/wamuq.ob
EMAIL RESPONSE FROM WEIL
Danny,
If you believe that you have a claim against Lehman Brothers Holdings, Inc. or another one of the debtors in the chapter 11 cases (collectively, the "Debtors") than you must submit a proof of claim prior to the bar date on August 22, 2009 5:00 PM (Prevailing Eastern Time). You must file a proof of claim by the bar date in accordance with the bar date procedures to preserve your claim and participate in any recoveries.
Please review the notice available on the debtors website at www.Lehman-Docket.com for further information and the procedures for filing proofs of claim. The notice also lists certain types of claimants that do not need to file proofs of claim.
Please note that we cannot advise as to how you should proceed. You may determine to consult legal counsel to the extent you deem appropriate.
Regards,
Sinan Kalayoglu
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
(212) 310-8257
(212) 310-8007 (fax)
sinan.kalayoglu@weil.com
07/23/2009 06:46 PM
To <lehmanteam@weil.com>
cc
Subject Proofs of Claim form
Lehman Team,
I am very unsure of what actions I should be taking right now and or IF I even need to take any. I was hoping that someone may be able to help me out.
I hold shares of LEHJQ, LEHCQ, and LEHPQ. Do I need to file POC for these securities?
What are the intentions for the current share holders? Do shares need to be registered
Thank you in advance for your prompt response, I am sure this won't be the last time I email the firm for my concerns.
EMAIL RESPONSE FROM WEIL
Danny,
If you believe that you have a claim against Lehman Brothers Holdings, Inc. or another one of the debtors in the chapter 11 cases (collectively, the "Debtors") than you must submit a proof of claim prior to the bar date on August 22, 2009 5:00 PM (Prevailing Eastern Time). You must file a proof of claim by the bar date in accordance with the bar date procedures to preserve your claim and participate in any recoveries.
Please review the notice available on the debtors website at www.Lehman-Docket.com for further information and the procedures for filing proofs of claim. The notice also lists certain types of claimants that do not need to file proofs of claim.
Please note that we cannot advise as to how you should proceed. You may determine to consult legal counsel to the extent you deem appropriate.
Regards,
Sinan Kalayoglu
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
(212) 310-8257
(212) 310-8007 (fax)
sinan.kalayoglu@weil.com
07/23/2009 06:46 PM
To <lehmanteam@weil.com>
cc
Subject Proofs of Claim form
Lehman Team,
I am very unsure of what actions I should be taking right now and or IF I even need to take any. I was hoping that someone may be able to help me out.
I hold shares of LEHJQ, LEHCQ, and LEHPQ. Do I need to file POC for these securities?
What are the intentions for the current share holders? Do shares need to be registered
Thank you in advance for your prompt response, I am sure this won't be the last time I email the firm for my concerns.
EMAIL RESPONSE FROM WEIL
Danny,
If you believe that you have a claim against Lehman Brothers Holdings, Inc. or another one of the debtors in the chapter 11 cases (collectively, the "Debtors") than you must submit a proof of claim prior to the bar date on August 22, 2009 5:00 PM (Prevailing Eastern Time). You must file a proof of claim by the bar date in accordance with the bar date procedures to preserve your claim and participate in any recoveries.
Please review the notice available on the debtors website at www.Lehman-Docket.com for further information and the procedures for filing proofs of claim. The notice also lists certain types of claimants that do not need to file proofs of claim.
Please note that we cannot advise as to how you should proceed. You may determine to consult legal counsel to the extent you deem appropriate.
Regards,
Sinan Kalayoglu
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
(212) 310-8257
(212) 310-8007 (fax)
sinan.kalayoglu@weil.com
07/23/2009 06:46 PM
To <lehmanteam@weil.com>
cc
Subject Proofs of Claim form
Lehman Team,
I am very unsure of what actions I should be taking right now and or IF I even need to take any. I was hoping that someone may be able to help me out.
I hold shares of LEHJQ, LEHCQ, and LEHPQ. Do I need to file POC for these securities?
What are the intentions for the current share holders? Do shares need to be registered
Thank you in advance for your prompt response, I am sure this won't be the last time I email the firm for my concerns.
Not sure I am going to call Etrade to check but will probably file them as well. Don't want to miss the boat. I have never recieved anything in the mail on any of holdings. Not sure if it is a setting thing or what...
From what I can see PQ wasn't listed as of yet either. looks like they have up to 8/20 to edit the list. I just wanted him to see that the site said faxes weren't excepted.
Proofs of claim will be deemed timely filed only if actually received by Epiq or the Court on or before September 22, 2009 at 5:00 p.m. Eastern Time. Proofs of claim may not be delivered by facsimile, telecopy, or electronic mail transmission.
http://chap11.epiqsystems.com/clientdefault.aspx?pk=de7ced2b-52e7-4172-92e1-9ec425933bd0&l=1#
right below the address box. Wasn't sure if you saw this.
Close over $3 today?? Good start to the day.
IS there a limit to % of shares one person can hold?
waman are their any important court dates coming up that might help boost the PPS?
Are there any big dates coming up?
http://www.otcbb.com/asp/Info_Center.asp
last trade for $18.98 but shows close at $16. My etrade is showin $16 too.
Why is it showing the close at $16 but the last trades I see were at $18.98?
This MAY be a VERY stupid question but...
How are the dividends paid once reinstated?
Direct deposit to my brokerage account? Mail me a check? Do the shares need registered to be eligible?
WAMPQ was a little bit out my price range in its prime...
Thanks in advance.
So am I reading their posts right? Even though I own shares through E-Trade I may not actually own them? and If I don't request certificates I may only receive the price I paid for them instead of face? Z? Jerle? Viva? Waman1? What do you think about the posts on Yahoo? Did you guys request your certificates?
is this just for the KLMN? Does it include the Cs or Js?
z
rookie question, what are the pros and cons to registering the shares? i know that an equity committee is a good sign but not sure if there were any cons. would registered shares be paid before unregistered shares in an unforeseen liquidation. thanks, just want to make sure i know my options