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I think we will get paid just not sure how much... I am playing with the houses money anyway so any payment is going to be a gain for me.
Weeeeee wait...
Was not today another day of payment
Yep, ridiculous I would think this is all hogwash... Payments will be made as the trust are liquidated.
Not to sound like J.G. Wentworth but its my money and I want it now, not spread over 36 years lol
That comes to 0.025 per share per month for commons and if your right that sucks. Sign me up for that big frosty mug of wasting 10 damn years.
I am with you, I'm just curious what it will be this month, if anything.
Question is how much? 0.17 a share or $60.00 who knows
I am not a 100% but I would not think so.
Because a BOD runs a company not shareholders. However majority stock holders can replace BOD and the circle continues.
YEP! DEAD PRESIDENTS (money for all that don't know the term) IS JUSTICE ENOUGH FOR ME!
Beneficiaries in my opinion is what escrow is.
I hope...
if we only knew how much or do we?
liquidated is the key term...
I agree with you
How are you figuring this is for wmih
I agree
Is that prediction for out markers?
I hope so but at 666 mil not sure how or am I missing something and I hope I am.
I predict .17 cents Feb 1st for commons. What say you lol...
I can't figure out what this has to do with us and why that would be part of a distribution.
Does that have anything to do with us?
I totally Agree best post of the day... lol
HM the only money I am aware of that is protected like that is Social Security Benefits. Assuming the bank has a court order via garnishment to take it (if they don't they can not take it). SSB has what is called the look back rule where the bank looks back two months to determent the total funds entering the account that came from SSB. Lets say $2000.00 came through but at the time of the writ you had $2001.00 then the bank could only send the court or plaintiff a $1.00 because two months of your SSB is protected.
Once that money hits your bank account the bank via garnishment can take it. If your trust is an irrevocable trust and you are the beneficiary of the trust itself, it's protected not just from creditors but also from BK. Why? Because you don't own the money in a irrevocable trust, even if you are the guarantor of the trust and you can not bankrupt a trust, you can on liquidate it... Now trust that are revocable are very much vulnerable to creditors because you still on the money in them.
Time will tell and no-one wants them capped more than I.
He said what I have been saying that there is no cap...
I agree
I would love that!
Hey, I wish it to be true... Common sense would say yes to P's being cap if there is XXX billions out there but without and amendment to POR 7 I don't see it. However, just because they have not amended does not mean they will not in the future; they do have three more years to rap it up.
As much as I would like it to be so I have seen no documents amended or otherwise that support a cap on P's.
Thanks Claw, that explains it.
Thanks, Man and I thought most quarters were Jan, April, July, Oct. But hey this is Wamu
Can someone tell me is Feb 1st an iron clad date of distribution or is it a guess.
Wrong!, POR 75/25 billion dollar = roughly 20 cents a share.
Now 50 cents sounds better as a start
I'm just waiting on my 12 cents a share lol
Are you suggesting 30b in Feb 2018