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I totally agree and at least Janice said the holding company is separate and not part of WMB so the confused can put that to bed so there is that. Hey maybe the 20bil is what Janice was talking about the pending litigation.
It means there are legal negotiations and/or lawsuits pending.
Now that I could not have told you, cool!
FYI I could have told Johnny that dates can be modified with court approval... Never say a "Judge Can't".
$68.57 to commons yeah lol
I will be here until the end as well...
I have wasn't it piers or something that was settled in the DB settlement that had a date of like 2032 that closed early. Anyone Anyone?
I am not married to mads date and time line. The value could drop as time goes own so the trustee is going to close when all the peaces are in place an all claims are payed and all assets are liquidated. The trustee will not hold up assets for a potential value increase because if the value drops he would have a whole new set of issues.
Best post of the year...
I remember those days lol. You would be just as served if you went to a palm-reader than to listen to some of this mess because the fact is we don't know.
Its hard to stay optimistic and I would be lying if I said I was not worried we are in a trick bag...
Why would ron even need to be a holder if WMI owns 25% of trusts that are being liquidated then they get distributed through the LTI 75/25 based on the tracking markers... Ether we have a por7, which we know we do or we don't, can't have it both ways; you can take the 75/25 split and apply it where you want it without applying all the other bells and whistles to.
I hate to tell you that is not how bankruptcy work... By all means keep right on thinking that.
I don't believe that we will get paid divs for 24 years because the purpose of the LTI is to liquidate and distribute, we are ether going to get paid or we are not.
I would love it if they where but I can not find DD that would support that. I have never been intimidated by anything or anyone but I do hope you are right
What if Preferred are capped lol... Ok just a morning Joke before all of you start attacking the little old common share holder.
No AZ had March 1st 2017 when it should have been March 1st 2018 for second payout.
Not sure how to respond to that but lets be clear, my statement was my interpretation to BK's last post, not my opinion!
lol time will tell...
Amen... I am here but suspicious...
I sold all mine to at 2.40 and thank God I did. I just had a feeling nothing but a feeling.
I know, but to Dons credit, he is saying there reach is broad and never underestimate JPM and/or there connections, I agree. Let me add I hope it works out just as you say...
No I haven't, do a little history on JPM you will find out fast who you are dealing with.
I only own commons so I set and wait for next year it seems.
Sounds good to me been a long time waiting.
Thanks AZ explains it. Not as versed as you guy on this due to time issues.
Ok thanks tze that is where I was off base thanks.
I am trying to say nothing but the split is 75/25 P/commons. Rather P and K are both preferred I have no argument against that.
I thought they where combined or something like that but ok still 75/25
Thank you zeke that was my point when I said k where out of the pic. Only preferreds and commons 75/25.
I think CWG that it P75/Q25 K's out of the picture but I agree por7 75/25 not 100/2.5
How does this comply with escrow 75/25...
For every billion returned to escrows, P's get $100, K's get $2.50, and Q's get $.20
How do you figure that?
The 10Q was for wmih corp not escrow...
lol Hope it ends soon tired...
Always welcome, so new share of company golden and escrow not or is escrow golden and new company share not? Just when you think you have a grasp they through a wrench in the gears. /Or is the escrow going to be converted to new company shares
Since Wmih Corp owns the trust what you think this means for escrow?
The board is crickets... No one talking.
Who thinks this is positive for escrow?