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Yeh, like I could suggest anything to challenge JPM. I'll leave that to the hedge funds, if needed.
I can't explain this prolonged delay on learning anything definitive. Who can, regardless of anyone's expert DD? That's the problem.
I really thought, that, especially, being connected to some hedge funds, something would have been resolved by now.
Is this not a legitimate concern?
Are escrows being "strung along"? It just seems that way to me. And I have a lot of them. 10 years and no communication. We gave our "fair and reasonable" releases for this. Are you kidding me? I am pretty sure many escrows holders feel the same way that I do.
Somebody please refresh my memory. When we signed the releases, who got released from what?
It might be "High Time" for the powerful, rich hedge funds that have a stake in this to, somehow, assert themselves. This ordeal has gone on long enough.
There are some wonderful posters here that have done "tons" of DD that must be pretty frustrated with the talk of a 3 year extension.
JB, realistically, it's hard to argue that. So frustrating after the seizure (ripping away shareholder's investments) and now the grueling wait for anything meaningful to come out of the, supposedly,"fair and reasonable" releases.
Now, another possible 3-year extension. Very, very sad situation for many that had a good faith investment in a great company that had a very good chance to survive before getting the shaft.
Did anybody see anything positive for escrows in Rosen's repsonse to Johnny?
bond-007, it's the "Distributions continue to be made" part of the statement that I'm trying to grasp.
Distributions to whom?
Who sensed a future escrows distribution inference from Mr. Rosen's "Distributions continue to be made"?
That is what I was hoping for, but couldn't tell by the remark.
What distributions are Mr. Rosen referring to? "Distributions continue to be made"
from Mr Rosen, "You are correct that the Plan was confirmed and consummated. Distributions continue to be made as disputed claims are reconciled."
Who are these distributions going to? And how are they related to escrows distributions?
I sincerely hope this is, potentially, good news for escrows and WMIH.
Somebody please put "2 plus 2= 4" for me on this possibility.
Johnny, please elaborate, "Its coming down the pipe baby ! Its happening sweethearts! Get ready News forthcoming"
CBA09, what could be holding Tepper and other hedge fund "Power Players" that are in the hedge funds that have WMIH and escrows, up? Wouldn't they be benefactors now of releasing these assets if they are available?
I wouldn't mind seeing the hedge fund lawyers figure out a way to put a little pressure on certain parties to speed up the distribution of assets process. At least some kind of guidance. Enough is enough.
Wonder if any of the hedge funds that have a lot of escrows and WMIH shares are large donors to any influential Congressmen and women. With the mid-terms coming up, that's one of the possibilities I'm alluding to.
My guess is, there are many hedge fund clients involved that "aren't getting any younger" and are getting antsy about the long process with little communication to give them much hope.
If this escrows saga gets extended another three years why wouldn't the hedge funds, with their resources, not raise some serious concerns? How could they possibly not? "Mom and Pops" shareholders likely don't have much choice, but the hedge funds have the power to apply some pressure. Why wouldn't the hedge funds, some of which are probably big congressional donors, assert themselves.
AzCowboy, are The Preferred Offering Trusts officially possessions of the WMI estate and subject to distributions to WMIH shareholders?
Thanks AzCowboy. We definitely could use a PR from the company giving shareholders some direction.
AzCowboy, so the Trusts distribution connected to the potential dividends that were discussed recently was because there may be a REIT qualification?
We definitely could use a PR from the company giving shareholders some direction.
AzCowboy, is this the way you see the distribution situation? Many of the Trusts belonging to the WMI estate have been freed up for distribution of assets. There are, possibly, still other Trusts that are being
settled and the FDIC is waiting for all Trusts to be settled before distribution of assets? Possibly, that is the reason the "settled" Trusts have not been distributed as yet.
Are there any other potential assets that could be coming to WMIH and escrows besides the Trusts?
Also, how was the Trusts distribution connected to the potential dividends that were discussed recently
hotmeat, CBA09 or anybody that understands the WMI estate's (WMIH, escrows) connection to the Trusts. Please help me figure this out. Many of the Trusts belonging to the WMI estate have been freed up for distribution of assets. So what's the holdup? Are there still other Trusts that are being
settled and the FDIC is waiting for all Trusts to be settled before distribution of assets?
Let me get this straight. Many of the Trusts belonging to the WMI estate have been freed up for distribution of assets. So what's the holdup? Are there still other Trusts that are being
settled and the FDIC is waiting for all Trusts to be settled before distribution of assets?
Ron posted, "WMIH can, and should move forward with ABS funds from CCB's, and Cayman Trust for Distributions for TPS, P's, K's, and Q's.
All other WMIIC Trusts are also free for Distributions for the same reason that the CCB's, Cayman Trusts are free for Distribution.
The Trusts are out of "Safe Harbor" control.
IMO; "the Final Payment" for "WMB and it's assets" are also available for Distribution before EOY-2017 to satisfy Five Year CG/CL Tax Rule."
I have wondered "IF" there are no litigation roadblocks. Why aren't these assets distributed to WMIH and escrows? What's the holdup? Is the FDIC not releasing these assets? Where are our lawyers?
Didn't somebody from the FDIC refute that Sept 2018 ending. I believe it was in an email Johnny received. Maybe he can comment on this.
"Total = $173 billion x 3% interest for 9 years = $232.497 billion total recoveries from MBS Trusts for Escrow Marker Holders."
I just asked if there was a 50% chance that escrows would end up with at least $3/share. If anything close to this plays out, I would answer "yes" to my own question.
Is there at least a 50% chance escrows will end up with at least $3/share?
If WMIH could get some kind of connection to Dell/EMC it would be very nice.
Gotcha Aaron, you could be correct. But if not "fair and reasonable" the hedge funds may go after some accountable assets listings in this.
If escrows don't get compensated fairly, I feel the hedge funds will find a way to press this huge issue. Afterall, the "299B in assets" is the crux of the matter. Where did it go? Accountability, please.
"And we need to see the FDIC's CFO publish an audited report on WaMu with 299B in assets"
YES YES and another YES!!!
What factual evidence do we have that the holding company has assets that are safe and waiting to be released?
Is it just the comment the examiner made?
Former WM shareholders that got victimized by the seizure and quick sale to JPM for 1.9B, many who now have waited patiently for some resolve with their escrows. Have any of you ever discussed this saga with any Congressmen/Women? If so, what did they have to say?
Hope this is a prelude for a significant, favorable announcement. That sort of an event is overdue.
Wonder how the value of the assets JPM got for 1.9B compares to the value of the assets in safe harbor. Any guess?
What is known for sure that JPM got for 1.9B?
Has there been any communication over the years about the status of escrows? It just seems to me like escrows have been "left hanging and hoping".
So escrows markers will be reflected in the, possible, upcoming dividends payment on Dec. 15. Is that correct?
Or, are future escrows payments something different? Sorry, I don't see the connection. Just trying to be educated on this important issue. Someone please fill me in.
So will escrows holders get these dividends in December as a result of having escrows? Or are the eventual escrows payments something different?
Az,I don't get the connection, if any, to escrows in this scenario, "I think WMIH-Corp the newco, has already tapped those Debt Instruments in the third quarter' "
Please explain the possible escrows connection to these dividends.
AZCowboy, please help me understand what the dividends will be based on. I just have escrows and WMIH shares. How will they be benefited in the potential dividends on Dec. 15, 2017? In other words, what will the dividends be based on? ex. escrows, WMIH shares held, other.