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It's not difficult to find the list of subsidiaries from CPA firms. However, Soloman re-evaluate the subsidiary based on the current value is essential as possibly stated as the original book value about 100 years ago, such as mineral right, etc.
Linda, excellent idea. We go with you
As Guru said "FDIC pays 95% of the cash". JPM just keeps quiet.
Examiner finds the hidden assets, Soloman increase the value of assets.
agreed. Everyone can have the same of copy of the letter, prepared by Linda as Wamu org, to our trustee.
I think Linda has already contacted our trustee and no response. Linda could correct me.
Linda
Excellent idea. At least, we showed our mind
there is no urgency anymore. The longer we stay, the more examiners discover, the higher we get paid
Tombrady:
Stock keeps at 0.17. It's excellent. Since i have run out all my bullets, i can take my time to buy more after receipt of next pay check.
JD don't forget to add dividents and coupons to ukps
JohnnyWinter:
Didn't hear you for a while. But tell me, if you were right, why BR refuse to give the assets lists to EC in the day 1? What is BR trying to hide? Assuming to protect WAMU's executives, then EC could file class action to go after those SOBs, right?
Marayatano:
Fully agreed, especially FDIC does not want something in light, JPM does not care because it plays innocent.
To everyone, keep adding your positions. Don't be disturbed by the current movements of u,k and ps. People just switching the postions from one to the others.
Our trustee totally ignored us
Yes, we are not MMs. Just keep adding our shares
I am not sure that prefs could be included in the plan of substantive consolidation. Don't be wrong, i have bunch of prefs. Someone may correct me since CTs are debts vs prefs are equities.
Linda, thanks for your expertise. By the way, your approach to detach us from class 5 is brilliant, therefore, CTs will have its own class, resulting the same as substantive consolidation just a little bit less(i.e. 14.7%) than 18-20% as you predicted. Is it correct?
Linda welcome back. What are now the possiblities and road blocks of substantive consolidation?
thanks
letter received from Kurtzman Carson Consultant yesterday.
Does anyone know that the scheduled hearing is being moved early from 10:30 to 9:30am? coincidence or immediately halt the trading at openning?
WA...20% recovery
"+" means "double diamond 2x2"
thank you very much
Mordicai:
I may be lack of this knowledge, and need your help. Does TPS refer to the WAHUQ, and P & K are just preferrable stocks?
Modicai:
Thanks a lot of your opinion. I agreed 1000%. That is exactly what I'm worry about. Could your theory also apply to common?
Linda
Thanks
Linda
Appreciate your further assitance and answers.
Will Class 4, 6-8 not get 2nd distribution until class 3 is full in paid?
If there has xth paid after class 3 is fully paid, do then all others 4-8 then get paid?
Linda
Thanks
Linda 1
Will other classes 4, 6-8 all get "paid in full" before class 5?
Excellent post.
Please correct me if I am wrong, and need your opinions.
Basically, pref. has no voting right vs common. However, in BK case, can it be different in terms of decisions of final settlement? Pref may has something to say in liquidation. But could pref. direct the avenue of settlement?
excellent
you're right. Please also argue pre-determined percentage vs "paid in full". Of course, voting right is a plus.
No. Cit's A>L
That is a good side. However, the bad side likees it happened on Cit. At the time, Cit's A>L, Cit first cancelled all commons. Later, pref. was worthless because pref. did not meet CVR. Cit then issued new stocks to get billion dollars from the markets. That is the whole purpose of reorganization rather than liquidation. Similar case was happened on GM.
If the payment achieves the target (i.e. percentage of the claims) quick than 3 years. that is.
I hope you're right. However, once the percentage is agreed by all parties, that is. The whole case can't be dragged till all claims have been paid. There is a cut-off point.
Dr.
Need your assistance and comments. Are we going to have a similar case as Cit. What Cit did was to wipe out entire commons per POR, and took 60 days to come out CVR to determine the value of pref. If CVR is more than pre-determined value, then pref gets something. Otherwise, pref is going to be wiped out too.
yes. In any rate, the risk will be reduced
I hope to get paid too. Unless we could prove that a lot of assets are in somewhere after court proves the POR. We need Peter Soloman to help us here as he did in Mirant's case. He is also representing WAMU now in the assets hunting. Of course, lawsuit is another way to get more assets for creditors.
Basically, LAMCO tells us that they only can pay off upto 14.7% to all classes. Class 5 is going to class 3. That is the final. Can they sell more assets, maybe. How can we get it....don't know.
I sold most of mine, and lost thousands of dollars. However, I still keep 5 figures of N and lhhmq on hand like you to see what happening.
The reason is that they have to get out BK asap. Once the committee votes and judge approves it, 14.7% is the number they are shooting for. Once the number is reached, their obligation is over. The rest stays in LAMCO. That is also the reason that lehmq holding strong now.
can't be dragged forever. Otherwise, LAMCO would wipe out all commons if LAMCO has to pay out all full claims from creditors. Also, LAMCO could I guess gains some NOL credits for its survive and operation in the future.