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Thank you AZ excellent analysis as usual...
Thanks AZ, lets hope you are right. I'm tired of playing the waiting game
AZ do you think WalRat will support yet another delay on behalf of the WMILT and the FDIC. She has been unable to hit the hammer on this one for a very long time. I cannot help but wonder why she has allowed this circus act to be played in her court. She has not had the balls to put closure to this issue. I mean even if true that she cannot rule on the employee claims she should have been able to send the request to another court for review yet she does nothing to resolve it. Do you really think she is finally ready to put her foot down on 10/16/18 or is there an agenda here that she needs to follow?
This orchestrated charade has gone long enough...
The 8k's so far have been USELESS why would this one be any different?
If you know of someone that has a real magic ball and can predict the future by all means please let us know I can't wait any longer to see what is behind the curtain...
If not AZ is the closest thing we have to that...
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With all AZ’s theories and postings our escrows still day zero....
The PPS sucks.....
So nothing has changed....
We are left with more theory, more speculation and zero dollars...
What I want to know is when am I going to get paid!!!
Enough with the DD and tea leaf readings... I want CASH!
Reverse Split sucks..!!
OHHH JERRYYY!!, Stop swimming against the current. Just ask AZ he is trying to help you. Class 17 or tranch 5 (WMB notes) are next in line before the waterfall reach us. Don't worry AZ has some and he will inform us of any change in status. You are in good hands AZ is the best...
Thanks for posting AZ!!
LMAO!, he probably paid to have that article written,,
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"She ain't ripe yet in another 15 years, by the way we won!!, just wait till you die of old age your inheritors will take the proceeds LOL...."
cause I felt like throwing money away!!
I think is around 3M
This is also a fact and considered the Holy Grail.
https://closedbanks.fdic.gov/drrip/Ext/BalDetails/10015
Is that clear for you?
Yeah I know what your supposed fact is gonna say next safe harbor assets but show me a link were there is proof as to who the rightful owners of those trusts are. Can you guarantee my name is in those trusts or safe harbor assets?
Well if you can't is not a fact is a #$@%@*& opinion...
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How can it be opinion when there are facts, i.e. filings backing it?
I can accept for instance Dmd estimate of 172B return to Justice 24B return to HM's 2B return estimate as opinions because none of us has any clear evidence of what it is.
But when a fact is clearly stated in filings then there is no more opinion.
You are right Wayne too risky to loose my position while I have been waiting so long I will regret not getting my shares back.Thank you!!
I already consider this money lost its just a lottery ticket for me but was wondering if I could make some money along the way , better not get greedy...
We will see about that, my guess is commons will get no less than an equal amount compare to preferreds and most likely will get more money than preferreds...
Actually wrong again!! I bought the same amount of money that I had invested in commons to make it 50/50% that's why I have so much money tied up in this PIG. That's not counting all the shares I have grabbed over the years in this POS. If something is distributed I will win either way but I am not counting on getting millions of dollars hopefully I will at least get the money I invested back.
wrong again!! wow you don't get it do you?? In this bankruptcy there was wrong doing and a judgement was entered by the court in favor of equity. That means according to what the fair and reasonable was decided, preferreds will get their share according to their previous value but also commons will get their share according to their value as well. Commons always own the majority of the state that's a given even if you don't like it.
So draw your own conclusions...
I could care less since I have both but my bet is with commons call it common sense..
Nah, its more probable for preferreds to get $18K a share. LMAO!!
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When are you gonna tell everyone that they will not be getting $68 per ESCROW/TRACKER marker for each of those shares they hold in ESCROW ACCTS???????????? Like you've been telling em for the last 2 yrs
Has anyone been able to sell at 16 cent and get back in at 10 cents?. I have been tempted to do it but Im afraid I would not be able to get back in.
AZ but what about the people who were convinced to sell their common shares for preferred riches??
I have been saying that every year "let me be patient and wait a little longer, lets not sell it will go higher" Now my grey hair its starting to come out and this story is getting old quick. Either this stock is weird or my expectations were too high. I mean the merger has brought no value at all in fact the price has gone lower. It looks like noone is betting the NOL will bring value...
LOL, I mean with the R/S factored in!!
I set myself a goal if this POS is not $3 by the end of 2019 Im selling all my shares and moving on...
LMAO, I rest my case..!!!
Actually I disagree Walrat have been in bed with WMILT since inception, one by delaying the court process and the other by delaying payout waterfall on purpose by not paying PIERS.....
Yes she has delay the court process too many times extending the damn @$#%ing deadlines just as we are getting closer to pay out. For example she has granted and extended the deadlines for employee claims and golden parachutes many times over, common were have you been all this time. Thats what she have been doing all this time delaying, delaying and delaying....
YEAH I'M TIRED OF HER DELAYING TACTICS!!
I really hope the bankruptcy closes shop soon, I cannot take more of this sad situation for much longer, money or no money I just want to know what is behind the curtain and move on to other plays..
Hard to believe after 10 years we are still in the same place we were before this all started and even with the merger there is no forward movement, we are just sitting ducks.
A REAL TRAGEDY!!
Unfortunately our vote won't matter they have majority of votes. We shall see if our court system really knows what fair and reasonable is or maybe the system is rigged to benefit a few.
That's right the WMILT had a life expectancy of 3 years with an additional 3 years extension, the WMILT should have been dissolved by March 12 2018 or soon thereafter. We are already in September was up with that!!??
The assets are safe alright, in someone else's pocket!!
AZ Im so glad I did not listened and kept my commons and just bought preferreds. I always listen to my common sense and try to cover my arse from all angles.
All I want to do is get paid I could care less where the money is coming from....
AZ I hope you don't leave but if you do I would like to follow you on your next venture or seek your advice on another good play.
I will let someone more knowledgeable answer that...
LOL haven't you been listening to AZ the money will come from the many performing trust available not from WMILT coffers. Think about it the estate has always been broke there will be very little money left after lawyers finished munching on it...
The pie was hidden for distribution 10 years later
Yeah RosenRat make me loose a lot of money that day when he said there would be no left over cake, only If I could go back and do it all over again
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~ Mr Gold, Yes That Is A Powerful Document ~
... For the first time ever since the Implementation of Plan 7, this WMI-LT Acknowledges the Existence of "BOTH" Cases, The Delaware Proceedings as well as the D.C. Litigation, which basically was just completed this last 12/31/2017' ...
... Quite a bit contrary to the messages being promoted that "it was all over" back in time and right after WMI's reorganization 03/19/2012' ...
AZ
AZ I loved the last paragraph on page 34, thank you again for your contributions...
" WHEREFORE WMILT respectfully requests that the Court enter an order, the
proposed from of which is annexed hereto as Exhibit “B”, (a) granting the Omnibus Objections,
(b) deeming the Claims disallowed, (c) authorizing the distribution of funds and Litigation Trust
Interests from the Disputed Claims Reserve, (d) dismissing the Adversary Proceedings and (e)
granting WMILT such other and further relief as is just. "
Lets get this wrapped up.
Wrong!! not me I kept my commons and added preferreds
No but they got millions of shares how many do u have? a few thousand LOL