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BBanbob,
Me too, this was for my Grandkids education. I am a day trader so for now I am not relying on WAMU other than to provide education for the Grandkids
I agree,
I don't feel the the MM's will be able to hold down the price for more than 60-90 days.
We waited 11 years people should be able to wait an additional 90 days, especially if they would now have control of the shares.
There is an argument to the opportunity cost of shares vs cash that can be reinvested plus the tax implications.
LP,
If I am understanding you comment and concern correctly.
If the MM's are artificially holding down the price until the payout and if that payout was in either stock or cash they would not hold it down for long. and so if it's stock hold the shares if it's cash buy the shares.
If they are holding the price down we would receive more shares but if it's cash we obviously would get less value.
I am sue I am misreading what you meant.
Windfall
Thanks for the heads-up Tradeinman...
Huh.. that's odd I don't remember moving those to that account.
Well cool I have more shares than I thought..
I just noticed I have some Escrow cusips numbered 939ESC968..
I am unclear what these are for.
They are different than my others and they were in an account I usually hold my cash reserves in.
Anyone else have these and perhaps know what class they represent?
Thanks
Windfall
Thanks Jackpot,
So what is the new plan?
So I take it since no one responded to my question that all the hype regarding the gold in the Idaho mine was a farce?
Is this stock now dead on arrival?
I had such high expectations.
Oh well, next!
Windfall
Thanks newflow,
That is what I thought but need some reassurance because my degree was 40 years ago and from a public university... Lol
Newflow
On the KCC doc, http://www.kccllc.net/wamu/document/0812229120213000000000026
I can't find any Cusip 939ESC968 on the class 22 list.
Are they out of play? I have other classes but I do hold a significant number of these.
Thanks
Windfall
I have been out of pocket for some time working on a bk stock
So what ever happened to the mining up in Idaho?
I thought back in August we were in track.
Windfall
Hopefully in 48 hours... we will have a good idea of our fate.
Then we will all know what we know.
Windfall
LG,
You have a focus on class 19.. although I did release both 19 and 22; what say you regarding class 22? Most of what I hold is in this bucket.
Thanks
Windfall
Thanks AZ... same back atcha..... Here's to a prosperous 1st qtr
Windfall...
I thought we had determined her little issue was not going to prevent us from moving forward?
AZ? LG? What do you think?
I just need one thing answered and with out any subjective language.
What is really preventing us from getting these cases closed as per Rosen's prediction?
This is really ridiculous at this point.
Windfall
So, Lodas,
If I understand what you are saying, the aledged safe harbor assets will not come back to the escrow 22 commons. In fact, you are staying that there truly are no safe harbor assets.
Do I understand correctly?
Windfall
MB, AZ,
The way I understand it UQ's ,(class 22) receive the safe harbor assets and the MBS but are not entitle to any interest revenue.
Do understand this correctly?
Windfall
Large,
You don't mention anything regarding class 22 Escrows. Do I take that to mean you feel that class 22 will not see anything our of the MBS and or Safe harbor assets?
Windfall
AZ,
Regardless of the crow, true leaders are able to admit mistakes, and errors. I for one, value all the work, insight and effort you do on behalf of the common share holders.
If understand correctly what you are saying is the the 1.95 FJR is not retro for the past 11 years but since POR 7. I am fine with that.
I have always thought the bigger number is under the safe harbor blanket.
Once again, I for one really appriciate your efforts.
Windfall
AZ,
Great explanation. So to be clear, This calculation is not inclusive of the safe harbor assets... am I correct?
Thanks as always
Windfall
I was pretty sure that was the case. However, with all the numbers flying around I am just not sure anymore.
1) Are we accruing interest on the safe harbor asset?
2) Will that apply to all classes 19-22?
3) Is there really 1.5-1.7 billion shares and are the assets really over $300 billion?
4) Will this settled as a one-time lump sum payment or be distributed over years?
These are the things that fill my mind.
It doesn't matter to me in the long run, but it would be nice to have a solid response.
I have read most of the case over the years and I am more confused now than ever.
I thought I was a pretty sharp business guy. I have well by most standards. But this case, makes me feel like an idiot.
Windfall
So AZ, Are then stating that $54.90 is for Escrow UQ markers and that the safe harbor assets are no longer a consideration? Or Were they ever really a consideration.
I thought we had 1.5-1.7b shares sitting in markers..
I am getting more confused all the time. I don't really care as this is funds that will roll into my PE firm. But still It would be nice to know for projected budgeting for 2020.
Windfall
As always, thank you AZ.
So what you feel and have calculated is that after 11 years, we will wind up with exactly what JPMC offered us ? So in your opinion, there will no accumulated interest from the MBS?
At this point I just want to be done.
Thanks again sir.
Windfall
So Mordica,
This article from 2010 has no reference to safe harbor assets. Are you quietly suggesting that safe harbor is not in play for commons "u", 22's?
If so, then why the markers?
Windfall
I was under the impression that inside the BK Commons "Q's" got zero.
However, out of the safe harbor what every that is "DST" would be divided by the number of shares, (1.7b ish, plus the interest.
Am I thinking of something else?
Windfall
Thanks Royal...
That makes sense.
This whole thing went way over my head about five years ago...
I rely on smarter people than I to sift through all the minutia.
Royal,
You stated;
************************************************************************
We will then see the rest of Safe Harbor for the rest to go to U's of the MBSs value (30% of 665 Bil) 2x 8.65 = 18$ per Q. through stock and merger
Don't kill the messenger just an option after looking at the Documents. The games played with 75%/25% is different from within BK and outside or after Bankrupcy through COOP or Merger (Humpty Dumpty)
*************************************************************************
Do you believe we will still see any interest on these values or are you under the thought that the interest , (or lack of) is inclusive of this number. Also, if in fact "U's" have 1.7b shares,at 30% that equates to $165 per share plus the 2x $8.65? that can't be right... I must be missing something. Can you clarify? You always bring good intel to this MB.
Thanks
Windfall
So,
Nothing....?
No change?
No end?
No Closure?
And most importantly, no money for Escrow 22's?
Figures..
windfall
I need an email address.. :) I don't have PM privileges
You can play Direxion Daily Financial Bear 3X Shares for a Bear play.
or Direxion Daily Financial Bull 3X Shares for a Bull play.
And there is a great way to know which to play. Pm me your contact info I'll send it to you.
Thanks...
You are such a stud
Royal,
What is the total share count for Escrow
P's
K's
Q's?
Would not the share count have an effect on the price recovery per share?
Maybe not just asking a dumb question perhaps.
Windfall.
Thanks Ron... I thought it had been brought up.. I just could not remember the number.
Windfall
Ron,
I agree. But the question I have have is what is the interest rate? Is it variable over the 11 years? Is it calculated daily, weekly, monthly or annually? In order to fulfill your statement on the FV that is a question that should be answered. I am not sure that the interest rate has ever been given.
I could be wrong, I am not on this board everyday and I am sure I have missed some of the key posts over the last 11 plus years.
Windfall.
The BK filing of Purdue Pharma should open up the door for us. At least it would seem to be a logical effect .
https://link.cnbc.com/click/18061783.2231/aHR0cHM6Ly93d3cuY25iYy5jb20vMjAxOS8wOS8xNi9veHljb250aW4tbWFrZXItcHVyZHVlLXBoYXJtYS1maWxlcy1mb3ItYmFua3J1cHRjeS1wcm90ZWN0aW9uLmh0bWw_X19zb3VyY2U9bmV3c2xldHRlciU3Q2JyZWFraW5nbmV3cw/5af261632ddf9c7ca6cc5cf0C35f411a1
Windfall
So, Mordicai,
Does this then state our markers are of zero value?
If so, then why have us sign releases and why issue the markers?
I am more confused now than ever.
Windfall
It's too bad there isn't more activity on this board..
I have been playing spxl for some time I would love to share my pattern with the swing and day traders here. No agenda just sharing. Of course most may have already figured it out.
Windfall Magic
I can not recall for the life of me how many class 22 escrow marker shares are out there.
Can anyone point me as to where I can find the class breakdown of the escrow markers?
Windfall
Thanks LG, however, do you see as I do that we should see Coops vertical price start climbing. Outside of the legacy work still needing to be done. The current value should have a positive reaction for the "non-action" events on the 28th. Do you agree?
Windfall