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What does AZCowboy gain by misinforming and lying to people for years? Maybe it's for entertainment? Maybe there's really no good reason. There are simply people like that. And, the "source" or this "another Legacy Holder" may have the same vicious characteristics as well?
I understand the meaning of a source. I also understand that a source may also purposely be a form of misinformation.
I’m aware of her filings. Earlier this year in May, on the other board, i questioned her about the information that she had provided, per the source, with it being years old and nothing had ever come to fruition. I asked if she felt it was prudent to at least try to contact the source to possibly see why things have changed and hope to be given an update. She didn’t think it was prudent and stated that she was doing nothing more. She seemed snippy and defensive. IMO, it certainly raised a red flag with me. Based on her response(s) to me my takeaway, IMO, is that she’s never had any direct verbal contact with the “source”; that the source of her information is this “another Legacy Holder” which has gone cold, not responding to her inquiries, and she simply doesn’t want anyone to publicly know because it would be a morale killer.
Just curious, has CSNY/Alice actually admitted that she’s never had any direct verbal contact with the “source” or is this just an assumption?
Based on her filings and postings i’m of the assumption that all of the “source” information she’s received came directly from this “another Legacy Holder”.
I asked her the question over 2 ½ years ago and was never given an answer.
Any other document? How about 9 documents? (BTW, I'm not going to go through every WMI Liquidating Trust document; i think the point has been made with just 9.)
"Cautionary Statement Regarding Forward-Looking Statements"
"Such forward-looking statements are based on current plans, expectations, estimates and beliefs about the value of the assets of the Trust. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” or variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future payments to holders of beneficial interests in the Trust and are subject to risks and uncertainties that are difficult to predict."
Date of Report - December 19, 2019 https://www.sec.gov/Archives/edgar/data/1545078/000119312519323975/d820838d8k.htm
Date of Report - October 31, 2019 https://www.sec.gov/Archives/edgar/data/1545078/000119312519280714/d827780d8k.htm
Date of Report - July 31, 2019 https://www.sec.gov/Archives/edgar/data/1545078/000119312519209022/d770774d8k.htm
Date of Report - April 30, 2019 https://www.sec.gov/Archives/edgar/data/1545078/000119312519130119/d738927d8k.htm
Date of Report - January 30, 2019 https://www.sec.gov/Archives/edgar/data/1545078/000119312519022756/d674582d8k.htm
Date of Report - October 30, 2018 https://www.sec.gov/Archives/edgar/data/1545078/000119312518313007/d602976d8k.htm
Date of Report - January 30, 2017 https://www.sec.gov/Archives/edgar/data/1545078/000119312517023953/d293658d8k.htm
Date of Report - January 28, 2016 https://www.sec.gov/Archives/edgar/data/1545078/000090951816000370/mm01-2616_8k.htm
Date of Report - January 30, 2015 https://www.sec.gov/Archives/edgar/data/1545078/000090951815000036/mm01-3015_8k.htm
As you can see, this "Cautionary Statement" has been in WMI Liquidating Trust filings for years.
According to you JPM already sent their check to the FDIC in 2017. (a $900 billion check.) 🤪
"JPM got their $645MM at the same time the FDIC got "the Final Payment" of around $900B for "WMB and it's assets" which completes the CIC."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134277327
How long does it take to clear a check?
And, how long ago was that, +12 years ago? And, since that time has the bankruptcy case closed? And, since that time has the WMI Liquidating Trust been dissolved? And, since that time have we seen any other recovery than the shares that we signed our releases for? And, what's your point?
Bop/CSNY/Alice thought we were close to a recovery a few years ago per her Source's information. All that it did was produce egg on her face because she was so naive. But, people will continue to listen to her as if she has all of the answers. I wonder who that makes to be more naive?
Why don't you post the entire paragraph? It forms a clearer picture to what they're trying to convey. Just the same, what does it really matter? The WMI Liquidating Trust has been dissolved for nearly 2 years.
AS PROVIDED IN TREASURY DEPARTMENT CIRCULAR 230, ANY TAX ADVICE IN THIS
DOCUMENT IS NOT WRITTEN OR INTENDED TO BE USED, AND CANNOT BE USED, BY
ANY PERSON OR ENTITY FOR THE PURPOSE OF AVOIDING TAX PENALTIES THAT MAY
BE IMPOSED ON ANY TAXPAYER. THE MATERIALS IN THIS DOCUMENT IS PROVIDED
FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE LEGAL ADVICE.
YOU SHOULD NOT ACT OR RELY ON ANY INFORMATION IN OR REFERENCED BY THIS
DOCUMENT WITHOUT SEEKING THE ADVICE OF A QUALIFIED PROFESSIONAL.
But, did you notice the post that Bluebird50 was responding to?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173216278
Bluebird50's response was obviously in jest.
Of course you don't care but you should. There's been a group of people who've for many years listened to you because they look to you for guidance, yet, you continuously distort the truth and at times flat out lie, all the while claiming it's others who are twisting and/or lying.
You should be ashamed.
RD is not a hero. His thought process is extremely irrational and his DD is beyond outlandish. I can't believe others still look to him for his wisdom and guidance. 🙄
Here's the exact verbiage. Make of it as you will.
"On September 25, 2008 (the “Receivership Date”), the OTS, by order number 2008-36,
closed WMB, appointed the FDIC as receiver for WMB (the “FDIC Receiver”) and advised that the
FDIC Receiver was immediately taking possession of WMB’s assets. Immediately after its appointment
as receiver, the FDIC Receiver sold substantially all the assets of WMB, including, among other things,
the stock of FSB, to JPMorgan Chase Bank, National Association (“JPMC”), pursuant to that certain
Purchase and Assumption Agreement, Whole Bank, effective September 25, 2008 (the “Purchase and
Assumption Agreement”) (publicly available at http://www.fdic.gov/about/freedom/popular.html), in
exchange for payment of $1.88 billion and the assumption of all of WMB’s deposit liabilities."
But, when you say this is "our" funding, could you elaborate on who "our" is?
Could you elaborate on the part when you say that this is "our" funding?
Are we supposed to show up at this meeting on the 17th in order to receive our distribution? Is it casual or should we be dressed in suit & ties?
Just for clarity, the Bankruptcy Court granted a final decree in December of 2019 to close the chapter 11 bankruptcy case. It was noted on the bankruptcy docket in January 2020 that the case was officially closed.
The same way the Tooth Fairy delivers; you'll wake up one morning and your money will be under your pillow.
And, to receive any possible litigation proceeds.
But, according to you JPM already paid in 2017, $900 billion. (Yes, that's right...you said $900 billion.) (You're obviously someone of sound mind. (sarcasm))
Nice twist yourself. Of course you could care less. Truth is not a high priority for you.
By the way, 7 months have passed since you proclaimed that you've received a distribution related to your WMB Notes, yet, no other note holder has received a distribution. Yep, truth is not a high priority for you.
I’ll try one final time to explain it as simple as i can. Here’s what you posted…
I'm just saying if you were a member of Boardpost then you would know (see) that Alice/CSNY posted this there.
"Finally, I knew these people would try to take revenge. After I received the draft stipulation I called Marcos Ramos and told him he forgot to draft the release (I'm sure Rosen's firm drafted it) to specifically exclude my Class 19 recovery. There was dead silence for about three or four seconds before he replied: "I will do that.""
https://www.boardpost.net/forum/index.php?topic=18132.msg331441#msg331441
If you were a member of Boardpost then you would know i'm telling the truth.
"Finally, I knew these people would try to take revenge. After I received the draft stipulation I called Marcos Ramos and told him he forgot to draft the release (I'm sure Rosen's firm drafted it) to specifically exclude my Class 19 recovery. There was dead silence for about three or four seconds before he replied: "I will do that.""
https://www.boardpost.net/forum/index.php?topic=18132.msg331441#msg331441
Alice had them put that in there. Because of her belief that something more may come later she wanted to make sure she didn't give up that right. It doesn't mean that there will be something more to come later.
There's too much truth in his post for you to even acknowledge your errors. You're a pompous AZCowboy wannabe.
WMI Holdings Corp no longer exists.
"As disclosed below, WMIH Corp., a Delaware corporation (f/k/a WMI Holdings Corp.) (“WMI Delaware” or the “Company”) became the successor to WMI Holdings Corp., a Washington corporation (“WMI Washington”), on May 11, 2015."
"As further described in Item 3.03 below, WMI Washington consummated a reincorporation merger (the “Reincorporation”) with and into its wholly owned subsidiary, WMI Delaware, pursuant to the terms of an Agreement and Plan of Merger entered into between WMI Washington and WMI Delaware on May 11, 2015 (the “Merger Agreement”), which is attached as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference. The effective time and date of the Reincorporation was 8:00 p.m. Eastern time on May 11, 2015 (the “Effective Time”). As a result of the Reincorporation, the registrant is now a Delaware corporation and WMI Washington has ceased to exist."
https://www.sec.gov/Archives/edgar/data/933136/000119312515186101/d924385d8k12g3.htm
"WMI Washington" = WMI Holdings Corp = no longer exists.
You're misinterpreting the part (b) and also the assets that were retained.
From that July 2, 2010 court hearing.
"Moving on, the next step is part (b), and that would be "such other claims and causes of action which shall be retained by the Debtors, and the proceeds thereof, if any, distributed to creditors and equity interest holders pursuant to the Plan, and the claims and defenses of third parties thereto," and we've defined that as the "Retained Asset Component"
Also...
"We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets. Now, it's my position, Your Honor, that the examiner doesn't need to do much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets."
As you can see, they gave the definition of what part (b) is and what was to be retained.
To recap, part (b) = "Retained Asset Component" = "such other claims and causes of action which shall be retained by the Debtors, and the proceeds thereof, if any, distributed to creditors and equity interest holders pursuant to the Plan, and the claims and defenses of third parties thereto,"
If you remember in late 2012 the WMI Liquidating Trust went after Goldman Sachs for discovery. They
preserved the right to do so, to go after such third parties, per the part (b) definition.
Date Filed: 11/30/2012
Motion by WMI Liquidating Trust for an Order Authorizing an Examination of Goldman Sachs Pursuant to Bankruptcy Rule 2004
"1. WMILT seeks authorization to conduct discovery into potential claims against Goldman Sachs for breach of contract and related causes of action. Evidence recently developed by WMILT's Litigation Subcommittee suggests that these claims could be a source substantial value to WMILT's remaining creditors and WMI's former equity holders."
Sadly, nothing every became of it.
I'm looking forward to this year's Annual Shareholders Meeting.
Refresher...
Here's a few emails i sent to Michael Frank back on March 30th of this year, and his replies.
=====================================================================================================================
Mr. Michael Frank,
Per the latest Press Release…
“After a further in-depth review and analysis of the FDA recommendations with members of the Company’s clinical trial team, including its statistician, regulatory affairs, medical affairs, and clinical research advisors, the Company has decided that in the best interest of the Study to preserve and not compromise the integrity of the Study and keep the blinded data intact to support a potential FDA approval in the future. As such, the Company will remain with the current Study protocol’s primary endpoint of proportion of patients meeting a composite endpoint of hospitalization or death from time of first dose through Day 28 following randomization.”
It would appear that the clinical trial with it’s current primary endpoint is essentially ‘dead in the water’, not only because the current endpoint is outdated but also because it’s apparent that Revive can’t pivot to another meaningful primary endpoint that would meet the FDA’s guidelines because such data was not collected. For someone who explicitly became a shareholder in 2020 based solely on Revive initiating this Phase III trial, it’s an understatement for me to say that i’m extremely disappointed with Revive’s management.
The best hope that shareholders have at this point is for Revive to do a deal, collaboration, or a partnership with a bigger more experienced pharmaceutical company who could then try to help salvage this trial and navigate Bucillamine through the FDA approval process. Looking at the best interests of shareholders, what is Revive's plan moving forward?
XXXXX XXXXXXXXX
Revive Therapeutics Shareholder
(By the way, do you believe the individuals who participated in Revive’s Offering months ago are just as extremely disappointed when looking at their +50% loss?)
Michael Frank's reply...
XXXXX,
Revive’s management ?
Go speak and argue with the fda
Atea , apli, cytodan , humanigen etc all had difficulty getting through the FDA.
FDA is the governing body
Shareholders knew the risks here with the FDA
Regards
Michael Frank
CEO
Revive Therapeutics Inc.
================================================================================================================
My follow up email...
Mr. Michael Frank,
Per the latest Press Release
“Although the Study was originally designed for a ‘hospitalization or death’ primary endpoint, and it completed enrollment of almost three-quarters of the Study’s recruitment goal and recorded specific clinical symptoms (i.e. cough, fever, heart rate, and oxygen saturation), the Study was not designed to take into account all of the symptom assessments and supporting data outlined in the FDA guidelines to warrant a primary symptom-based endpoint for COVID-19 studies.”
A poorly designed clinical trial is not the FDA’s fault, the fault falls on Revive’s management.
XXXXX XXXXXXXXX
Revive Therapeutics Shareholder
His reply...
the trial was designed for hospitalization not symptoms that’s why more difficult
hospitalization environment changed
Michael Frank
CEO
Revive Therapeutics Inc.
============================================================================================================
I once owned stock in OXY but years ago i sold all of it. OXY no longer shows as a holding in my 'Positions' but it still shows in my 'Statements' records. Gee, i guess this means i'm still benefiting from it?
Your numbers are $900 billion, right?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134277327
I asked Bart the same question. He said, "Don't have a cow, man".
I've sent two emails to Chad Smith. I haven't received a reply.
Better news from Bard. Safe Harbor monies are going to be released sooner than next year. (LOL)
When will Safe Harbor monies be released that involved the former WaMu Estate?
Draft 1
The Safe Harbor monies that involved the former WaMu Estate are scheduled to be released on September 30, 2023. This date was set by the U.S. Department of Labor (DOL) in a notice published on August 25, 2023.
The Safe Harbor monies are a portion of the retirement savings that were held in 401(k) plans sponsored by Washington Mutual Bank (WaMu) before the bank collapsed in 2008. The DOL took control of these funds in 2012 and has been working to distribute them to eligible participants ever since.
The September 30, 2023 release date applies to all eligible participants who have not yet received their Safe Harbor monies. If you are an eligible participant, you should receive your Safe Harbor monies automatically by that date. If you do not receive your Safe Harbor monies by September 30, 2023, you should contact the DOL for assistance.
Here are some additional details about the Safe Harbor monies release:
The Safe Harbor monies will be distributed to eligible participants in the form of a check or direct deposit.
The amount of Safe Harbor monies that each participant receives will depend on their account balance and participation in the 401(k) plan.
Eligible participants who have already received their Safe Harbor monies will not receive another distribution on September 30, 2023.
If you have any questions about the Safe Harbor monies release, you can contact the DOL at 1-800-424-3272.
==============================================================================================================
Draft 2
The Safe Harbor monies that involved the former WaMu Estate are expected to be released on September 15, 2023. This date was announced by the U.S. Department of Labor (DOL) on August 10, 2023.
The DOL has been overseeing the distribution of the Safe Harbor monies since WaMu Bank, FSB (WaMu) failed in 2008. The Safe Harbor monies are a type of retirement plan contribution that is made by an employer on behalf of its employees. WaMu was required to make Safe Harbor contributions to its employees' 401(k) plans under the terms of the Employee Retirement Income Security Act (ERISA).
The DOL has been working to distribute the Safe Harbor monies to WaMu's former employees since 2008. The distribution process has been delayed by a number of factors, including the complexity of the process and the number of former employees who are eligible to receive the Safe Harbor monies.
The DOL has estimated that there are approximately 1.5 million former WaMu employees who are eligible to receive Safe Harbor monies. The total amount of Safe Harbor monies that will be distributed is approximately $1.5 billion.
The Safe Harbor monies will be distributed in two installments. The first installment will be distributed on September 15, 2023. The second installment will be distributed on March 15, 2024.
Former WaMu employees who are eligible to receive Safe Harbor monies will receive a letter from the DOL with instructions on how to claim their money. Employees who do not receive a letter should contact the DOL at 1-800-424-3772.
============================================================================================================
Draft 3
As of August 30, 2023, there is no set date for when Safe Harbor monies that involved the former WaMu Estate will be released. The WaMu Estate is still in the process of being liquidated, and the timing of the release of Safe Harbor monies will depend on a number of factors, including the overall progress of the liquidation process and the specific circumstances of each Safe Harbor account.
According to the WaMu Estate website, the liquidation process is expected to be completed in 2024. However, it is possible that the process could be completed sooner or later than this date. Once the liquidation process is complete, the Safe Harbor monies will be distributed to the eligible participants.
If you are an eligible participant in a Safe Harbor account that was involved in the former WaMu Estate, you will be contacted by the WaMu Estate when the Safe Harbor monies are released. You will need to provide some basic information, such as your name, address, and Social Security number, in order to receive your Safe Harbor monies.
The WaMu Estate website also provides a number of resources for eligible participants, including a FAQ page and a contact form. If you have any questions about the Safe Harbor monies or the liquidation process, you can contact the WaMu Estate at 1-800-729-2174.
Ok, i sent my question. That was easy. You should try it. Now, it's a matter of waiting to see if i get a response.
Have you tried to contact Chad Smith? If so, what did he say? If not, why not? I just might contact him and ask. However, how much will it really matter if i get a response (and post the response) that indicates the WMI Liquidating Trust is done (i.e. - has been completely wound down)? Will you believe it or will you (or someone else) claim the information to be fake?
It's been 20 months since the WMI Liquidating Trust filed for cancellation. They're NOT still winding down, they're done.
You'll have to excuse me if i'm not on your level of understanding. Can you simplify things for me and explain what you're trying to convey, especially the part asking if i have spears?
No, it's not complicated but for some it is. Equity was not going to be included in Plan 6. Equity was 'out of the money'. Now, Equity was included in Plan 7, Equity survived. ( I'm sure everyone knows of the details why, thanks to Nate.) I'm not sure of the point Ron's trying to argue about with Plan 6. It truly doesn't matter because the end result would have been the same. Whether it would have been Plan 6 or (as we know) Plan 7 being approved, in either case Equity would not/did not receive any cash distribution from the WMI Liquidating Trust from any liquidated assets. Class 19 and Class 22 were not issued LTIs. The waterfall ended at Class 18, with Class 18 not even being paid in full.