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If we are restricted for awhile, it will be to protect the NOL's and could signal they are negotiating M&A for our benefit.
Call your broker and speak with corporate actions or reorganization department. Find out what the deadline is. I have TDAmeritrade and the deadline for me is March 2 so find out what your is.
Thank you Catz for sharing with us. I and many others here can relate to what you where thinking and feeling. You really were able to transport me to Delaware Court Hearing and I thank you for that. I was shocked too. Life is interesting...the way things happen.
Just called corporate actions for TDAmeritrade and they told me they must recieve ballots by March 2.
If you buy on Tuesday, you then have to call your broker to make sure they send you a ballot so that you can fill out and return to broker. ballot is so that you can give "realease" inorder to receive a distribution. If you do not do this you WILL lose your shares. You must submit ballot realeasing so that way you get your Newco shares.
You cannot vote anymore. if you vote it just doesn't count anymore. Voting was due Feb 9th. You could only give the releases so you can receive a distribution and the deadline for that is February 29th, but you must submit to your broker before then. Every broker has it's deadline. For Ameritrade, your ballot has to be in by Feb 23th, so you need to call your broker.
here is the link:
http://ninewinters.homestead.com/Wamu-Documents.html
even though you no longer get to vote you could still submit for the releases so that you can get a distribution.
Do you have a printer? Someone stickied the voting ballots pdf so that you can print, fill out and maybe you can submit those to your broker. I believe that those voting ballot documents are good for anyone regardless of who your broker is. I have TDAmeritrade. who is your broker?
LOL!!! yup
I am in the same situation. TDAmeritrade received my voting ballots last Monday Feb 6. They have processed them but not locked yet. That's what Corporate Actions person I talked to said. Will call again tomorrow to confirm.
Yup you have until the 9th for the voting.
That's what I am doing. TDAmeritrade said that I could do that. Just bought some today and plan on mailing another ballot. Will call again tomorrow just to triple check
That is what I understood too...your vote will not count if you don't make the Feb 6 deadline TDAmeritrade has, but that to give releases and recieve a distribution you have from Feb7 -Feb 23. Can someone else confirm. Meaning that if I bought shares let's say on Feb 10th it will be okay and I can still give releases to receive a distribution as long as I submit it to TDAmeritrade by Feb 23? Sorry if this has already been asked and answered. Thanks in Advance.
From what I understand if you don't care to vote and still want to buy and recieve a distribution and your broker is TDAmeritrade looks like you can and have until Feb 23 to submit. Any thoughts?
I just recieved this email from TDAmeritrade for those that may have questions
Dear Valued Client,
According to our records, your TD Ameritrade account ending in xxxx currently holds a position in Washington Mutual. As a result, you may have received a ballot relating to the company's bankruptcy proceeding. We want to provide you with some information that we hope will be helpful.
What you need to know
As part of a bankruptcy proceeding, Washington Mutual, Inc. has developed a joint plan of reorganization. Ballots were sent out to shareholders of record because Washington Mutual is soliciting votes for acceptance of that plan.
In order for your vote to count AND for you to be eligible to receive any distribution that may result from the reorganization, TD Ameritrade must receive your completed and signed ballot by mail on or before February 6. We cannot accept faxes or emails.
If we receive your ballot between February 7 and February 23, you will be eligible for a distribution, but your vote will not be counted.
These dates are earlier than the deadlines listed on the ballot itself. Please follow the dates above and disregard the dates listed on the ballot. The extra time is necessary to allow for processing and tabulation.
Any ballots that we receive after the dates listed above, but before the expiration dates listed on the ballot, will be handled on a best-efforts basis only.
What you need to do:
Please complete and sign your ballot and mail it to:
TD Ameritrade
Attn: Corporate Actions
1005 North Ameritrade Place
Bellevue, NE 68005
Note that once you have submitted your ballot, the instructions you provided on it cannot be withdrawn.
If you have any questions, please log on to your account and click "Message Center" (under Home) to write us. A representative will respond to your query through your Message Center inbox. You can also call a TD Ameritrade Client Services representative at 800-669-3900. We're available 24 hours a day, seven days a week.
Sincerely,
John B. Bunch
President
TD Ameritrade
Thank you. I was wondering how it would show up. I just sent mine.
Just curios what does it show....just doesn't show up at all in your portfolio?
I have Ameritrade and I just received my common wamuq balots (Class 22) Yay Finally. But not my P's and K's yet. Is that okay to send me the balots for P's and K;s My email is xbarronc@yahoo.
Thank you sooo much!!!
MJ, Thank you so much for the information. I will call them tomorrow. I called today but didn't get to speak with anyone because it was after business hours.
Thanks again
Really? Did you need to call Ameritrade or did they just sent them? I am waiting for Common, P's and K's still. Thanks.
Checked the mail, nothing from TDAmeritrade in San Diego California Yet. Maybe tomorrow.
Can you go to your old address and pick them up? just a thought
yup we have bigger and greater things to think about like newco
Great thanks!
Thank you for the info. I have three TD ameritrade accounts
Thank you Catz! I really appreciate it. Makes complete sense to me. It confirms my thoughts and understanding from what i've been reading
Yes I do I should call and ask too.
.....No one in there right mind! wow things that make you hmmmm
Merry Christmas to you too and to all WAMUQ longs!!!!
Thank you for your wishes from you and JB (my faviorite cow )
And remember all that Miracles do happen
Very well said thanks
Thanks awesome
I agree I've never seen after hours trading like this for OTC. I don't understand why either, good catch. Anyone?
Yup my hope is JPM and FDIC add some coins.
Thanks JB
Yeah me too! I trust what JB says
You got a Good deal for a Black Friday!! wish I had some cash to buy.
AWE!! JB would just love that! Can't wait.
sunshine for us longs!
number 1 on 11/22. I think they will need two more weeks then after two more weeks I say number 3.
lol! good one!