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Az I was just reading your post on the smart board where you stated the same thing back in Sept 2016.
Thanks...you been saying it for a while.
Time hasn’t changed anything.
Ron, what happens if no agreement is done by June 30th? JPMC is already been paid.
Itsmy, you mean Friday June 28th right?
Royal, remember it can be extended. Just don’t want you to be totally deflated to be correct and they drag it out because they can and you be totally deflated.
Royal, that is a good question. I thought the 12/31/18 filing would have bought something by 3/31, but it seems IF we own any parts of COOP they found a way to keep a lid on it till whenever.
If Az see’s anything on his bonds in June, I believe that would trigger other positive possibilities before the end of the year for COOP and escrows.
Thanks for that update Goodietime.
Royal, can the DB termination date be extended? What exactly has to happen by 6/29 for DB?
Bob, and if your correct. What would that conversion equal too for 1P or 1Q?
Yeah, that’s what they say. But I see that this just happens to publish the week of the shareholders meeting with up to date excerpts of all insiders buys.
Yeah...so “They” means COOP in conjunction with TGI the publisher of the report.
No coincidence...just trying to shut up any pissed off shareholders with hope for the future.
Seems like they needed to put this out right before the shareholders meeting.
Also it mentions Wand as it’s corporate debt. That may mean no additional shares for us if they have already merged.
Stox, without any oversight or audit of the trustee I’m afraid there’s no way to prove that possibility. We just have to trust.
I wonder if this too will have to wait till the bankruptcy closes? If they are servicing any old mortgages and the income is being recorded, why not pay for them now? Seems almost illegal to withhold payment if this will happen.
10000/12=833.33
I think your formulas off a bit.
Royal, the document won’t pull up.
What is it?
Bob, you won’t have time to care about their return if that happens. I actually think it will be more than that, the cost of doing business. If there’s big money available, believe me lawyers want a piece.
They still need to file to get paid though right?
Az, you think the DB settlement date in June or any tax implications could get some closure before the end of the year as Rosen states? I’m hoping you hear something concerning your bonds soon.
Please sticky.
In my opinion this is about the assets within the Scope of the court she was probably barred from mentioning anything outside of it. Just like Justin.
That is correct not from the trust.
Is the 400-600M related to possibly Marta refilling?
Now that’s a good point CWG. You could make bad loans purposely.
It’s bad, but illegal? That warrants removal? If this can be proven and then blamed on the open receivership, I’m not sure the trustee acted outside his realm of responsibility.
But I’m so glad it’s being brought up in open court.
What exactly is illegal about loaning out the money to make interest IF we are not allowed to get paid until the FDIC closes out the receivership?
Not arguing, just playing devils advocate.
It isn’t, but they held us up before with it while they argued about its validity.
They may need Marta for a delay now.
All you would have to do is show one loan.
I think it’s extremely important that the trust NOT be audited or the books opened up.
Bob, what are your thoughts on COOP possibly receiving assets in Q1 and having to report them soon? I just want to know who managing any old residual Wamu loans if any. That would be the start we need.
Az, they did update the amendment. So that warrants some consideration?
Justice, that’s fine as long as escrow holders are awarded some shares first.
But if they just buy out the 91M, this is the biggest ripoff in history.
Ron how can P’s see multiple’s if you think they only will see face plus back interest?
And no 75/25 till the end.
Ron, I do think the change will help speed things along. Thanks
Ron doesn’t this adjustment allow for more than 72M?
Ron, I was hoping they could use this to put pressure on someone to renegotiate but it seems your correct and this is a delay tactic.
I wonder what the hedge funds will do with all those escrows? No way to tell if they have a side deal. 10 years have passed and nothing can be challenged by Rosen’s own admission Friday. So if corporate designations were changed from WMI to WMB we would never know. Or even the assets that the corporation held.
Hopefully I’m wrong, pray that I am but its possible. No one went to jail for Kmart and we did get more than they ended up with.
Well if Marta doesn’t re-file maybe we can get to the point of closure. At least that was mentioned in Friday’s filing.
Although I don’t know how they came up with 400M?
But they would’ve made more in class 18?
Your argument based on what Rosen responded to doesn’t make sense. An original claim of 24M could be paid in full NOW. Not with shares of a company in a downward spiral for the last month.
The underwriters and Rosen are saying two different things.
I understand your point, I expected the underwriters to acknowledge the mistake and ask to revert back to class 18. But that’s not the action they took.
Hotmeat your right, but all those other filings by the underwriters say something different. I’m Not sure why they would want any escrows after reading Rosen’s response? It’s a complete waste of their time. But it was made abundantly clear in Rosen’s filing that this case must go forward with class 19 shares awarded to the underwriters and the trustee approves, so there you have it.
Leave everything as is, even if we didn’t get the stipulation approved.
At first I thought it was a blocking angle if anything comes from the Libor settlement, but then I realized class 19 gets paid equally and all this would do is reduce how much escrows get.
If nothing’s coming back it shouldn’t matter to all the banks who replied today to basically cancel the preferreds their seeking and take the money owed to the from the funds left over in bankruptcy.
Why is this so hard? No sneakiness necessary or saying I forgot to get the stipulation signed. Just take what your owed from the estate. Leave us broke and in the negative and close it out.
I don’t understand why this is so hard.