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ALERT FOR H-HOLDERs w/ MERRILL LYNCH
Please be aware that you may not get the statement of liquidation for H because ML did not send your w-8/w-9 form to LTI. If you did receive it, it's fine. Otherwise, please contact ML asap.
I wished that Apple had acquired EK for Inkjet and Patents. It seems that Samsung is moving at right direction.
Really? Fantastic ..............
I had 2000 old GM bond. I got covertion to have 200 common stocks plus close to 200 warrants (A & B) each.
Agreed, GM was totally manipulated by the government.
However, I still don't understand that old GM has converted into new GM stocks plus warrants, but why Bond Holders are lumped into an escrow account. It shouldn't have any reason to do it unless there is additional distribution available after liquidation is completed.
If so, then equities of LBHI is in trouble. CTs may have slight chances. The equities are gone unless A>L.
WMI/Liquidating Trust
1201 3rd Ave
Suite 3000
Seattle, WA 98101
Attn: Mr. William Kosturos, Liquidating Trustee
Kurtzman Carson Consultants LLC
2335 Alaska Avenue
ElSegundo, CA 90243
Tel: 310-751-1507, 888-830-4644
Attn: Mr. Robert Klamser
rklamser@kccllc.com
Not at all because it all belongs to new GM. The only thing I don't understand is that there is no common share holders in the picture to hold NOLs. The only one is GM's union retirement fund which was treated as stock holders. Maybe that is the reason to keep NOLs.....???
In equities or CTs. Personally, I think equities are gone, CTs have slight chance like Marayatano said "we're buying lottery".
I have both CTs, and equities in preferrds only. Whatever I lost in common shares could be recouped from class action.
The reason to do it is because LBHI wanted to get out BK ASAP. Instead of solving those un-liquidating assets, like GM, all old common shares go to trust and wait for sales of lands and facilities. It's very time consuming.
However, even the GM's bond holders also lump into a Trust account because BOND holders are only paid in 10% rather than 100%. So, I believe that once the whole thing liquidated completely, there are more distribution accordingly if anything is left. In the case, I have much less expectation on equities of old GM. It applies the same here.
So CTs have slight chances, but equities are gone.
I tried to mention NO-others are interested in WMIH now.
Fully agreed, and that is the life-time opportunities.
I believe that you're also on wamu board.
I think that we are too optimistic during and after BK. 4HFS wanted to control WMI2 because they could fully utilize NOLs at $17-21 Billions. Since they were caught on the conspiracy, now OTHERS in industry are interested in NOLs or profit loss. That is the reason that WMIH's stock keep sinking.
Quick Questions.
Assuming the creditors will not liquidate Achstone, will it possible that creditors will take whatever un-liquidating assets plus NOLs shared among creditors and CTs in LBHI2. In the case, all equities (ONE share) are wiped out. In other words, could it happen like those dirty 4HFs planned in Washington Mutual originally?
TIA
There are numerous debates in Wamu board.
In Wamu's case, people think that WMIH will either take $21B NOL w/restrictions as you mentioned or $6B profit loss w/non-restrictions. It seems that it is not clear here yet.
Hi, Ms. S, you bshould work hard to prove it. Difficulty is not an excuse.
While I read the posts for the past few days, yours is the really only one on know what is going. GLTA
Don't forget GS.
Bond, I did not receive the notice of distribution either.
I have contacted with KCC/Liquidating Trust, who informed me my name was not eligibly listed. KCC is going to trace down what is happening.
IMHO, the situation is not related to IRA account. Something is improperly done between your broker and KCC. I also placed an inquiry through my broker Merrill Lynch. So, I suggest that you should do the same.
I have the same problems. I did not receive the notice of distribution letter. I am with Merrill Lynch. Does your another account is ML.
In any rate, I got an email from KCC/Litigation who mentioned I'm able to catch it before 3/19/2013 if ML should have screwed it up.
If you did not take any action, you may still able to catch it. Please return your ballot with release and w-9 form to e-trade before 3/19/2013.
Thanks, and it's enough to trace it.
Thanks, and it's enough to trace it.
Would you please help me out? I haven't received my letter yet. Do you have the contact LT person's name, address, email, or phone available? TIA
Do you take a room-mate?
Sorry-- it should be "NOT" immediately turned it down.
It's a good sign. At least, he is considering something, and immediately turned it down.
I think you're very right. In Far East, bar codes are very popular in connection with all kinds of app in cell phone. We are probably at least 5 years behind.
Thanks a lot. That's the firm information I'm looking it for a long time.
Or the other way around and tank to $0.18.
I only remember there is something(photo gallery for sale)going on 18th, but not sure what it is.
The expectation is related to the patent sales. AOL sold some of her patents to Microsoft for more than 1 billion.
Nice to see you here after all the hurdles we had in wamu and lehman.
But the stupid US Trustee does NOT recognize the value of patent.
You're probably right because I never read any article about NOLs resulted from a public company. If that's the case, we're in a worst condition.
Yes, you're right based on tax%.
Capital gain, IMHO, is the revenue from fixed income and dividends. Profit is from the net operation result (i.e. sales - expenses).
By the way, there no limitation of $$ amount per year.
somewhere around 35%. Obama is considering to reduce it to 27%.
I have my own "NOLs" while I had my "S" corporation.
I learned that NOLs have no limitation of length until you fully use it. Also, NOLs cover both capital gain and offset profit/income.
Anyone who would like to use NOLs through acquiring/merging WMIH is willing ONLY pay 10%. $5B is worth only $500M. It reflects additional $2.50/share.
4HFs would no long be willing to pay ONE PENNY more because they do not control the WMIH. Why should they pay more to benefit others. If I were 4HFs, let's go by the market price since TPS+P+K are the majorities.
Agreed most your thoughts, such as sealed documents...etc, except
HFs have had thoughts to take over the entire WMHI through unpaid-H before JMW jumped in. Therefore, 4HFs could have maximized the value of NOLs.
However, HFs now are losing its interests because TPS+P+K owned most the WMIH. So, WMIH could only be on the market for sale of its NOLs and/or OL. Hope we get somethings....... GLTA