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I understand where they are coming from as a Pre seizure holder I Too was scared. Also I was Glad to see you at the meeting, I can finally put a face to the name.
I’m not sure , Mr. Ed makes me think of a Talking Horse wearing a Cowboy Hat(no offense, I liked the show) and Mr. Cooper reminds me of a Cool High School Coach. (Also a show, It may or may not be a Coincidence).
You are Right, We(I)Do Not Know but it does not hurt to calculate the possibilities using their once upon a time Numbers. (It gives some people piece of mind). Also I think similar to you that’s why my wording was “just an Opinion” not “just my Opinion” my Opinion is to be patient and wait..
No Rockie101, $2000 per P is not ridiculous, using Dr. A numbers and wording in the Original P agreements allows the company to convert the P shares into Common shares if the common share price is above $21 thus making the Preferred valued north of $2000 per share and common roughly $18. Again this is using Dr. A’s and Original valuations. Just an Opinion.
ASK THE WASHINGTON MUTUAL INC. LITIGATION TRUST (WMILT) YOURSELF!!!
Gm Mr. Simpson, I don’t think we’ll see anything before the split. The news about a reverse split upon completion of Merger was purposely done to suppress the share price. Instill Fear in everyday “Joe the Plumber” and Alerts Institutions to Accumulate, since after the RS not many “Joes” would be able to Afford a $24-$36 stock. The same 95% that Owned NationStar Plans on Owning MAJORITY OF WMIH. My Opinion. Remember we have One Life and are Limited but these Institutions are Systematic and will Continue on for Centuries so they have the time to invest in Investment vehicles that might take 10-20, even 30 years meanwhile we’re dead and gone
86 Billion has been a consistent number since 2005
I remember RBS Receiving TARP Money.
What I would like to know is when are they going to release WMI’s Tax Group.
There is a Crooked Puppeteer, the Question is “WHO” is it?
I agree whole heartedly, Judge Walrath should not be disrespected. Just like a few month before the Merger announcement, a majority were calling the board incompetent crooks and everything else, but yet here we are with a 3.8 Billion Dollar Deal and no longer a shell. We would not have had a E.C., no Escrows, no new shares, no existents period.
People should be thankful for what they have.
Why do you call her Walrat?
I still give Thanks for Allstocks providing Us with the Court Proceeding Conference Calls...When I give Thanks for what I have or Received. Among many others on this and other boards.
I really hope so
Large, after reading the Preferred’s Original Agreement , the Preferred can profit above par value. There is a Reason for the 70/30 percent split. Using Original Numbers, which equates to roughly the same amount that Dr. A estimated, equals to one and a half times above par, than giving up 30 percent to common, for which they still own majority of it, is a no brainer. Just my opinion. Whoever Owned the Equity Rights to the Preferred, Owned the rights to asset distribution upon liquidation. There are other avenues that the Company can or may take like a stock swap option like Bbanbob have mentioned. Well, I interpreted the writing that way. I ALSO MAY BE HIGHLY WRONG BUT A SLIM CHANCE AT BEING RIGHT.
https://www.sec.gov/Archives/edgar/data/933136/000095013407025343/v36123b2e424b5.htm#312
Nothing about this Ordeal has made sense.
Man bbanbob now that you ask why? It gives me more homework to research. It’s a very interesting move.
Hmmmmm, things that makes one wonder why?
Bbanbob, this old but still relevant http://quantumonline.com/search.cfm?tickersymbol=WAMPQ*&sopt=symbol
http://quantumonline.com/search.cfm?tickersymbol=WAMUQ&sopt=symbol
Also notice the value
Large, after reading the original Preferred share agreements, I see why there was insider trading. According to the Original agreements if liquidation or restructuring occurs the Preferred shares can opt to receiving Cash, Stocks, (stock conversion rate 47.0535/$21.25 per share) if common valuation is 130% north of the conversion value then they can force the company to convert to the new share price value.
Lodas, I apologize for the typo(Loads.) As I revised the Series R Preferred Agreement, There is Interesting language regarding “liquidation or reorganization” (Any right we may have to receive assets of a subsidiary upon its liquidation or reorganization (and the consequent right of the holders of the debt securities to participate in those assets) will be effectively subordinated to the claims of that subsidiary’s creditors, except to the extent that we are recognized as a creditor of a subsidiary, in which case our claims would still be subordinate to any security interests in the assets of the subsidiary and any liabilities of the subsidiary senior to liabilities held by us.) Not to mention, the language of conversion if the value of common is 130% above the share price of $21.25.
Also, The Numbers From the Original time of Agreement coincides with the Numbers Dr. A. accounted.
Lodas, I apologize for the typo(Loads.) As I revised the Series R Preferred Agreement, There is Interesting language regarding “liquidation or reorganization” (Any right we may have to receive assets of a subsidiary upon its liquidation or reorganization (and the consequent right of the holders of the debt securities to participate in those assets) will be effectively subordinated to the claims of that subsidiary’s creditors, except to the extent that we are recognized as a creditor of a subsidiary, in which case our claims would still be subordinate to any security interests in the assets of the subsidiary and any liabilities of the subsidiary senior to liabilities held by us.) Not to mention, the language of conversion if the value of common is 130% above the share price of $21.25.
Also, The Numbers From the Original time of Agreement coincides with the Numbers Dr. A. accounted.
Loads,
“Any right we may have to receive assets of a subsidiary upon its liquidation or reorganization (and the consequent right of the holders of the debt securities to participate in those assets) will be effectively subordinated to the claims of that subsidiary’s creditors, except to the extent that we are recognized as a creditor of a subsidiary, in which case our claims would still be subordinate to any security interests in the assets of the subsidiary and any liabilities of the subsidiary senior to liabilities held by us.”
I don't think anything was By Mistake,everything is Calculated and Planned. Period.
Hence, Project West, Project Eclipse, Project etc.. etc...etc...
Nothing is by chance, remember WMI's Subsidiaries consisted of bank and Non bank entities of which some, if not all, needed licenses and other permits to do everyday business hence, "bridge bank(s)/company(ies)."
With the WMI Tax Group List being released, we'll finally know what belongs to WMI.
Ok, thank you for responding.
Ok, thank you for the response.
Read again... I'm not saying he does, the filings do..
And how sure are you about who works and who doesn't work because 10 years of this Cloak and Dagger, Hide and Seek BS has everyone Confused.
Good morning Everyone, as I was reading WMILT's filing, some wording has left me with more questions and maybe this has been discussed but has anyone else wondered why is WMIH/NATIONSTAR keeping certain WMILT Officers as Advisers?(Ultimate Insider, William Kosturos?). Also, Susman and Godfrey's Edgar and Justin were Attorneys for the WMILT.
Do they still work for WMILT is my question?
I just want to know if anyone else questioned that?
Well, certain officers of WMILT will Still remain as Advisers to the New Company NationStar. Any reason why?
Escrow, that's is an unfair question for DM, unless DM is working the bankruptcy and closing it out and we don't know about it, but No One Here Knows That Answer... No One Really Knows What's Going On, unless they Have Direct Dealings with the Bankruptcy Proceedings and If DM shares that Non Public Information, DM is Subjected to losing his Profits, assets seized, sued and Jailed. Now do you Think Anyone in the Know is going to take that chance because "The Wife"’ keeps asking, No, I don't think so. I hope this Helps you both because you are going to Drive yourselves crazy. Take Bbanbob's advice get some cake, take a chair and wait....it's almost over.
What does Dell have to do with WMIH? Why would the updated information of WMI subsidiaries list under WMIH?
I find it really odd that the updated information list WMI's subsidiaries under WMIH
I typed in New American Capital and it Shows up as a Subsidiary of Marcus Cooper Group, I hit the hyper link and WMIH and a list of WMI subsidiaries: Wand Merger Corp, Nation Star, Washington Capital Trust, Longbeach Mortgage Corp, Great Western Finacial Trust III, Washington Mutual Home Loans inc, Washington Mutual Inc., Asset Management Arm, Washington Mutual Preferred Funding Trust IV, Washington Mutual Preferred Funding III, Washington Mutual Preferred Funding II, Dime Capital Trust I, Murphy Favre inc, Great Western Financial Trust II, Great Western Financial Trust I, Washington Mutual Preferred Funding I, Washington Mutual Capital I, Washington Mutual Preferred Funding( Cayman) I LTD.
Good morning, maybe this has been asked and answered, but does anyone know if WMB still remains on WMI's Tax Group?
Thank you in advance!
Remember there is No Limit on the amount of Exchanges. They can do it again and again and again...etc....
Crying to other board members does not accomplish anything.
Stop Complaining and Do something YOURSELF! DO YOUR OWN (Dee Dee!)
Call the FDIC Yourself
Call WMILT Yourself
Call Wmih Yourself
Call Honorable Judge Mary W. Yourself
Then Post your findings Here so the rest of the DooLittles can knock Your Hard Work and Dee Dee to the Curb and say it's Non Sense but Hopes and Dreams and Ridicule you For having An Opinion but It's People Like You who are Emotional and Ask for Answers that Other Volunteers who Try to Interpret the Vague, Incomplete or Non existing(non public) information.
It clearly states, authorized shares reduction from 3,500,000,000. To 300,000,000
That Theory is Dead, mind you WMIH/Nation Star have No Connection To Escrow! PERIOD!!! That is a WMILT ISSUE!!!
In your dreams, those days are Long Gone!
The Numbers Don't Lie! Maybe the Next Housing Crisis but that's in 20 to 25 years in the future.
By reducing the number of Authorized Shares, it makes it difficult to borrow against, hence No Shorting of the Stock.
Yes but I've witnessed reduction of authorized shares only to then file for more shares sometime in the near future. I hope this does not happen here.