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not sure yet I will know tomorrow, they have never contacted me before about anything they want to talk to me.
Maybe it's something else.
Has anyone received any notifications from their broker???
One has to take in consideration the main reason WAMU was taken down was to save JPM (the government bank). They were not thinking about making a bunch of last minute retailers rich. They accomplished what they wanted, JPM stayed afloat and the financial system was saved. I bet they consider the matter closed. The rest they gave to the low life blood sucking lawyers, which have done a very good job draining the cash reserves and keeping everything under wraps with the court's system divine help. What would they do you ask, well just cook up a plan and tie up the loose ends. Told Sheila to play the scapegoat. Make people sign JPM releases under false pretense and BOOM 10 years later the case will quietly come to a close. The Master plan was accomplished......
Am I watching too much TV maybe!
Well in that case we should thank Royal Dude for discovering the Wells Fargo Medium Term Notes and his Dell Acquisition theory?
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With all the theories on the possible outcome, I don't think anyone should feel any less with being wrong. At least they took the time to think through this process and form some type of analysis. That's more than a lot here have done (including myself).
We should all thank everyone for their analysis and as one theory is proved wrong, well we can at least mark that possibility off the board which helps us further narrow done a potential final scenario.
AZ sorry for thanking you all the time but I truly appreciate your contributions to this board. Ignore the background you are the best around!!
LMAO the next day to fall of the tree is 2/1/2019 he expected something Big to happen before then. But I know what to expect, LOL.
They needed commons to play the NOL rouse..
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I still don't get this part.
If it will end this way, WHY did the 'big boys' let commons survive?
Were they just being nice?
Did they not understand the end game?
I thought these guys PLANNED the end game?
WATCH YOUR SIX!!!
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My only concerns are the powers that Mr. Kosturos has and the many 363 sale of assets he could have dished out to his buddies that where not at book value and would have breached his Fiduciary duties.
I am not sure but believe all 363 sales needs to get report at some time and we need to watch for that. Mr. Kosturous like many other Trust manager - I do not trust them!
I think you are wrong if true that there are no trust or hidden assets, there will be no distributions at all since anything left would be dog chow for the lawyers and this farce was just orchestrated charade to bury everything 10 years later when noone but retail cared about a happy ending...
I told you guys noone will get any answers. They have kept us in the dark since day one why would they say anything now. If you are not in their VIP Club you do not need to know squat!!
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"Liquidating Trust Interests and/or “escrow markers” held by you and others are not tradeable securities. That said, the Trust will continue to timely disclose information under applicable law."
Mr. Smith
That was all he needed it to say LOL!! pretty clear to me.
I'll give u another analogy. Let's say Bban invest on a company that makes Barbie dolls suddenly the dolls go out of style and your precious company suffers a devaluation. You decide not to sell because you are hoping they design a new Barbie doll that is not out of style and can sell for a lot more than the originals. So you waited 10 years. After 10 long years management realizes now they have a warehouse full of antique dolls that are worth a lot of money. Insiders find out and they start buying millions of shares. Would you feel cheated??
GEEEEZZZZ The people who have been buying POOP do not have escrow markers and they will not get a distribution. Stand up so u can hear more clearly!!
Are you seroius? AZ can you corroborate this?. SO who is supposed to receive the funds then? JPM?
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Willie,
if You are US non resident like me, You were requested to complete the W-8BEN form at the time of releasing documents, otherwise You would not be able to receive the Escrows markers on Your account.
It is dated back to 2012 Yr, so maybe You can not remember that.
I hope this helps,
Muff
Basically release of WMILT left overs hopefully to finally pay off PIERS and continue the waterfall to lower classes and then eventually release the various trust funds I suppose.
Employee claims was the last hurdle..
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Really what does all this mean....dull tool wants to know.
Rockie Balboa
YO!!
==> AZ has always been right!! <==
That's great AZ, thank you!!
You mean the court allowed him to bill more than 24 hours a day and on top of that allowed to make an AZZ of himself?!!
Think about it, they have willingly kept us in the dark for 10 years . Do you really think they are gonna answer any of our questions now!!
well you forgot interest
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It really is going to be fun to see just how this all works out here!! REDEEMED, FACE ONLY and BULK to commons, OR NOT
BUT I'll be JUST FINE
AZ's opinions have common sense I can relate to that more than what you post and Im sure I'm not the only one here that thinks that way.
Noone knows if the Big Dogs hold mostly commons or preferreds my bet is they have both. AZ did not say Commons will get all the spoils Geeez where the heck did you get that from. All the performing trusts are class specific he has mentioned it several times but some still fail to understand that. My advice is just wait to see what you get. Give it a rest...
Very nice summary, simple and exquisite. I do not understand why some have comprehension problems with your schooling..
Thanks AZ!
Great Wayne Lhhmq is the one I bought, LOL. But for once I agree with Joe I don't think it matters which one you buy...
But it is just a compliment to my OBS shares
AZ again thanks for all u do!!
You said we hear something before 2/1/2019, did you changed your mind again??!!
One word, diversify. Never ever put all your eggs on one basket, not smart!!
I cannot wait to see your 75% share face when it happens that's gonna be priceless. Good luck...
Wrong again!, LOL there is only one Holy Grail. look below!
https://closedbanks.fdic.gov/drrip/Ext/BalDetails/10015
LMFAO!!, I will go with common sense and not try and translate court documents, It is more feasible to see $30/common than to see $20K/preferred LOL
Besides most people I think have both so who cares.
OHHH JERRYYYYYY!! and when will this S4V happen. Wait don't tell me. Before Halloween of 2019, Right?!
Az you know whose turn is it to pass the hot potato? If there is any court procedure to follow at all? I assume it is WalRat's turn I mean what are they waiting for hell to freeze over...
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Therefore, this Court would be asking the parties to incur significant fees and expenses only to permit this Court to render an advisory opinion, something the Delaware District Court expressly declined to do. Moreover, based upon the positions of the FDIC and WMILT, any such order would be appealed to the Delaware District Court which, to be consistent with its numerous prior rulings in the Declaratory Judgment Action, would most likely determine that no payments can be made and the Claimants have no “private right of action” to pursue any such payments outsideof the purview of the FDIC and the APA.
Looks like the judge, WMILT and FDIC are playing "HOT POTATO" unbelievable this gonna go indefinately
Funny to see Schneider and Rotella on the claimants list but not Killinger maybe he grew a conscience... or am I missing something?
Yep these guys have not been accumulating shares for no reason giving everyone else a chance to take advantage and buy at these prices. Although not fair for the people waiting here for 10+ years. But I guess it is what it is..
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... I’m dug in like a tic on a mule deer, ...
LOL
I hear u, I don't trust any of them either. At least I bought all I could at 0.68 to .090 and keep buying what I can every year.
Hey Wayne, welcome to the WAmu Board!
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I am very optimistic that in the "summer" 2019 timeframe we may see the final payment on the escrows. And I'm still hoping it will be as much as $.008 per common escrow. I have plans for that money!
I will pay you $0.008 for your escrow that way you don't have to wait till summer. I'll have my lawyer call you.
AZ do you think these corrupted individuals will give me time to buy more COOP shares with my proceeds or will they plot a timing to make us miss the bus to riches?!
Yes Lehman commons are part of the One Big share. And Yes if there is something left you will get a distribution Hopefully shares on a new company
Lehman Inc The Comeback?..
Joe that's the most credible thing u have said in years. We are proud of u!!
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Yes, Jersey. The stock sells at 9 cents a share with no volume, and no record of any large holders because me and others want to buy as much as we can.