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I should drop my class 16’s claim to class 19, in that case I can get 3 X 3 = 9 times, 3 levels down, each level get 3 times more.
This should be equal opportunities to all classes.
Banks/Corps print shares.
for Kmart case, due to their undervalued properties in BK case, market value of those real estate properties had been realized, Kmart price was going up to sky after reorganization.
How much difference between book and market value?
Maybe ten Billions or more? Looks like no one cares.
What is the book value of real estates?
To evaluate a real property current value, we always use market values.
A commercial building bought 30 to 50 years ago, its taxed value on the book may much cheaper than the current market value.
Yes, then all those nonsense like legally robbed, legally rapped, legally murdered .......
Don’t blame others, one day your beloved person will be suffered as the same kind crimes.
Cause Judge got the answer from Plan Administrator.
The issue raised by Cotton in the Court was clarified by PM.
Under the binding contracts, Barclays couldn’t get our CTs as they purchased LBI?? Maybe
JPM, as property Trustee, signed contract with Lehman before BK.
Will these contracts affect our level of classes in BK?
Otherwise, why JPM could hold almost $8B as collaterals without being challenged by other creditors?
And any final decision for collaterals?
Thanks again.
if it’s worthless at end of play. Then, I don’t have to file lawsuit to claim my stolen shares.
I hope 2good correctly predicts future of our CTs.
Ok I won’t look back, we should look forward. Any bright side in the future for our CTs? TIA
If this is the way to drag the PPS down, in order to benefit themselves. They are manipulating the PPS for their own best interests to get more cheap shares. They made us pay $18 to merge, and those guys manipulate the PPS down below $7 to convert their shares without setting a minimum conversion price for themselves.
And only insider shorts are full of confidence to short this company so deep without fear of squeezing. IMO
Shorts may have found some frauds and/or serious problems with COOP.
No defense at all. Otherwise some hedges and institutions should have taken the opportunities to accumulate to squeeze the shorts.
This merge did not move us from 18$ to 27$ (50% higher from the merge price), instead we are down to 7$. we contributed 5.5B NOL which did not help WMIH gain higher value.
Looks like COOP is expecting our “retained assets” for the S4V to lift its price.
What a good merge deal for WMIH?
Looks like MMs don’t believe your thought, otherwise ask prices should drop just 1-2% higher than bid prices like all other stocks.
For worthless CTs as you said, MMs shouldn’t raise the ask prices 2 to 9 times higher than bid prices. They can make more money just by selling as much shares as they can even if MMs hold no shares.
How can these kind activities such as legal robbery, legally raped, legally murdered make our country great?
No one would believe it that is the way to treat and take care it’s people.
Those who believe that JPM set up “ Project West “ to steal WAMU for its hundreds of millions assets are totally insane.
Obvious, in plan 6, class 20 was not preferred P or K, otherwise our P or K should be listed as well like UW at class 20.
In plan 7, who did UW claims can be lifted to class 19 like preferred shares, as UW did not hold any Preferred shares in plan 6.
Did Examiner find this 30B? Did our attorneys who represents LT, Equity Committee find this 30B?
Was TPS also convinced by Judge? if yes, why TPS gave up its priority rule instead of getting FV + owed interests and let commons shares 25% of the returns?
Per priority rule, after 10 years, P should get almost 2x 1000 $
Principal + owed interests for 10 years.
So , commons will get zero if follow priority rule as you said that P can only recover 50% of the principle. TPS won’t settle this kind of deal.
I guess that P can get more than 2 times of FV. IMHO
LT did not get our stolen money back to run to company, they took loans from HFs and issued stocks and warrants to them.
LT let more other parties involved in to control WMIH and diluted our interests.
No jail time for those Wall Street Criminals. Any misconducts, wrongdoings and frauds will be covered by investors’s money. Sanction of penalties will be paid by company using investors’s money.
Have we seen any CEO, higher rank management staffs stayed in jail after 2008 financial crisis for their wrongdoings?
TPS attorneys argued and fought for our Preferred stock interests which increased from 70% to 75%.
They were not doing nonsense for nothing and billed TPS for a non-existing event. IMHO
Looks like they are not afraid of other Hedge funds to accumulate at this level.
Who ever gets in and accumulates at this level should have huge profits. And the price should go up soon, If you are correct.
There is a serious problem in COOP, otherwise we, WMIH, paid $18 a share and gifted $5B NOL to COOP, just few months after merge, PPS is dropping more than 50%.
How did WMIH’s BODs evaluate COOP before merge?
Any updated calculation for our escrow returns? Tia
Monday, April 22, 2019
11:30 AM
08-12229-MFW Washington Mutual, Inc. and Joshua R. Hochberg, the Examiner Ch. 11
First Omnibus Objection to Claims 3935 and 4045 Filed by Alice Griffin
What does the Examiner try to say?
Examiner stated “retained assets” were gone with the wind.
Who is liar?
No off-balance assets, no retained assets.
Where is the assets coming from to cover class 19?
No such stupid big bank to set up a “Project West” , doing some dirty activities for nothing. This isn’t a hundreds millions project, its hundreds billions scheme. IMO
May need a class action for paying $18 merge and contributing 5B NOL, months after, we get PPS down to $9+.
He misled lots of retail investors to sell, on the other hand, he helped some institutional investors and/or HF grabbed our shares.
He was giving wrong instructions and helped some insiders to buy our shares.
If his statements were so true, then check the transaction records, who were those big buyers after his rants.
2) The lower the price of COOP, the MORE common shares former preferred investors
That was funny, the lower PPS is due to bad performance of the operation and management. If it’s shit, why we are so happy to get more shit? We paid $18 to merge, we gave them $5 B NOL then what we got?
What is the winning price we will get? Face + all owed interests? Tia
Or maybe 80 to 1 P
12.5$ x 80 =1000$ based on current PPS of common
Sorry, I was calculated wrong.
1.4 M / 19.8 = 70,707 P shares
1000 face value x 70,707 almost equivalents to 72M dollars.
Still do not know how much will return.
$72 M = 1.4 M commons
72 / 1.4 = 51.43 $/per sh
Every 10 B return, common will get around 2.5$
51.43 / 2.5 = almost 20 times of 10 B almost 200B
Am I correct? Let’s wait and see.
At a position of Co-Debtor and Trustee of CTs, JPM did not provide an explanation why CTs were not sitting at class 4B, why they were holding our money, collaterals, on their hands without returning to us or issuing substituted shares like ECAPS.
Thanks a Million to Mr. G.