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I do expect we will get a return. I just have no clue of how much or when.
Not sure they need one if the companies are being dissolved because the court knows they are real and looks like they are non-operational. Why I have no idea unless they are finished and have been liquidated. Who knows
Here is a good link JB
https://www.delawareinc.com/blog/what-is-a-certificate-of-good-standing/
Yep, and it can be confusing.
Wamu 1031 Exchange was a domestic corp in CA and foreign corp in Delaware the reason for this is jurisdiction in order to establish jurisdiction it needs to be registered in Delaware as a foreign corp to be bound by the laws of that state.
Nope not even close.
True but that want effect the escrow markers for whi.
We don't and I think its designed that way.
Thanks JB, that is an excellent Idea... and you are 100% correct and just as soon as one date is gone another one spins out.
That is incorrect get your facts straight!
AZ "However again, if the new tax bill is passed for 2018's beginning ? ... then it benefits all of the - investors' - to realize a distribution after 01/02/2018' ... everyone', institution and individual would be required to pay less tax' ... "
They are already spinning it as a tax benefit that does not exist to wait until 2018.
No worries.
There is no change, as of this morning for long term capital gains tax in the new tax reform legislation!
"However again, if the new tax bill is passed for 2018's beginning ? ... then it benefits all of the - investors' - to realize a distribution after 01/02/2018' ... everyone', institution and individual would be required to pay less tax' ... "
lol well at some point they will have to a correct date.
In wmih not the markers
I will take that is a NO lol.
So are we getting paid tomorrow? Early Christmas?
The individual that owed whi shares would have escrow markers but the corporation WMIH which is an artificial person can not own whi escrow markers because the entity itself did not own any stock and does not own any stock unless it be from stock of another separate entity.
"Could WMIH be holding some escrow markers?" NO!
I think WMI's trust is never going to go to WMIH but that is me looking at it from the prospective that a Irrevocable Trust can not be included in a bankruptcy, only liquidated and paid to the beneficiaries, in our case the beneficiary (wmi) has a limited life and will be no more after this is over. Now take it with a grain of salt because this may not be the case here.
Well they where discussing the trust and BK and rather it was WMI or WMIH and my opinion is that it's WMI but the process in bankruptcy can be muddy.
I agree
Ok, yeah I know they are to separate entities just curious what his thoughts where, and yes I have stated many times how wrong I think some are... Thanks
So your take, so I am clear, escrow want see a dime?
its just money bro holster it, Merry Christmas
I night come back in lol
Probably rolling around in your money. It sucks that is for sure.
You and me both and I would like to see a little bling for escrow before Christmas but I probably will not see that.
May not be dead, but your right does not seem logical from them to just keep pumping money into WMIH unless they see a return in the future.
Amen, I agree. It has been too long waiting, even for escrow I set and wait.
I have no idea...
You can bet its for there benefit too.
Yep and lead everyone to think they would have a deal done by EOY and I am afraid they are not done yet.
Probably worse than that. I think its a damn shame what they have done here. I sold on a gut no rim or reason.
Can I tell you how much I loved selling this chit at $2.40 LMAO
Thanks Don, we are checker players in a Chess Game!
Don't recall a tomorrow date but I wouldn't doubt it...
Here is a short description of a business trust.
https://definitions.uslegal.com/b/business-trust/
LOL I get what your saying and with out even giving us sugar.