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Thanks etzetrade for the correction.
Yes.. $612.6B should be JPM before 9-25-2008.
Servicing loans acquired $1170B-$612.6B=$557.40
$557.40 x 0.85 x 0.80 =$379B
$380+ Billions dollars of loans + other residue assets.
Not too shabby.
A good time to do some numbers relating to this 9-year old saga:
At the time of OTS taking over WMB on 9-25-2008 and passing on to FDIC,
financing statement reported on WMB:
Total loans servicing: $689.7B
In-house loans: $247B
Servicing for others: $689.7B-$247B=$442.7B
Now we revisited JPM's loan servicing report :
Growth in loans 91% to $1.17T
It means that $1.17T/1.91 = $0.6126T($612.6B) increase.
$689.7B vs $612.6B
Loan servicing is a very safe and lucrative business. Banks will try to keep this privilege even for loans secured in SPE observing rules of legal isolation.
A simple rule, you don't want to hand over these rights to other banks and look at them growing bigger and bigger and be eaten up by these sharks some day, being sad not be able to forget "Project West".
So, JPM will naturally take all $689.7B or most of these servicing rights.
Anyway, taking off various ending to the loans including paying off, writing off, hiding off ..............., increase of $612.6B by JPM was reasonable, not excluding loans cultivated by JPM herself.
So, trying to differentiate and figure out how much were kept in safe harbor in FDIC Receivership and legal isolation in WMI, WMIIC bankruptcies, I bet you will agree with me: very complicated and difficult for outsiders like us.
Still there are reasonable ways ......
Taking $612.6B and discount 15%(10% should be more accurate) as a conservative stand is quite reasonable, it comes up with $520.71B that should be captured from WMB.
This "may not be" all owned by "WMI". So a further step:
Just assume, 20%(10-15% should be good numbers) of this amount to be considered serviced by WMB and really... really sourced outside the "WMI families":
$520.71B x 0.8 = $416.57B (in SPE and others)
$400+ billions dollars of loans and other assets. Har.......so ... quite reasonable for A&M to be very busy and enjoy their digging here and there and making about $2M a year.
Please verify yourself with a Large calculator to figure these big Green numbers. Your own guess should be more appropriate.
Congratulations to all escrow holders!
$$$ is coming by year end 2017 to your mail box. (Hopefully by 9-25-2017, the 9th anniversary.)
Make sure it has a lock; more and more mail theft cases in the US neighborhood.
Oh .. one more thing..... quite a WaMu thing to think of the needy... charity and sharing bring and multiply happiness.... consider Project Charity.
JMHO
sharing4u
Mr. Bombastic or others,
Thanks so much for your patience.
This is what I learned today:
1. APR has been lifted, so there will be no problem with
whether a senior class being "impaired" nor "not impaired".
2. As long as the beneficiary in each tranche is met with the bk court distribution decision, that tranche is done.
3. Escrow owners, preferred and common shares, will be receiving 75% and 25% pro rata of debtors residue estate, after tranche 2-5 done, and to be distributed by WMILT if there is any left. There is no cap for preferred owners. Just straight 75/25 split to the end.
4. LTI or not for beneficiary escrow owner is still a debate between 2 sided parties.
Please comment, correct or adjust any issue.
Hotmeat or others,
Thanks!
Regarding to debtors residue estate to be distributed to beneficiary owners, is the cap for preferred share removed?
Where could I find such statement listed?
sharing4u
BBANDBOB could be tired to reply.....
Anybody be able to jump in to help?
BBANDBOB,
Could I ask you a few questions as other beginners who may be interested to find the answers as well?
1. Why the APR(absolute priority rule) was lifted after the 2-month GSA(global settlement agreement) ?
2. At the time of approval of lifting APR by Judge Mary Walrath, do you know what was in her mind regarding to potential assets returning to the debtors estate?
3. If there is less than $10B in the final estate of debtors, why Mary approved ?
4. Did Mary make a mistake for approving this?
Thanks in advance.
sharing4u
Hotmeaat,
You are one among a few of the revered posters(teachers) in this 9-year saga.
I would like to raise the following points for reference or study:
1. Escrow markers are only entitled to whih shares from the litigation escrow account, BUT not any cash distribution.
2. LTI will be issued after tranche 2-5 being done to tranche 6 releasing equity holders for future distribution if there is any.
3. The proper procedure is not about the cost to do it nor the time: it has to be done to follow what were written down black and white by the 2-month settlement agreement and the defined task of WMILT.
LTI distribution is a must to happen and there will be plenty of cash to be distributed to tranche 6 LTI holders.
(discussion of the mass amount $$$ to be followed.)
Thanks for your efforts and update.
In the FDIC-R of WMB, the subrogated claim of $151B was the claim of FDIC on behalf of the former WMB depositors against FDIC-R who had to transfer a total of $188B cash or cash equivalent asset to JPMC to balance the $188B liability owning to the depositors transfered from WMB to JPMC.
JPMC got $37B from FDIC prior to this $151B claim totaling $188B.
In addition to this $188B, JPMC had to pay for book value of all choice assets of WMB acquired.
$151B at issue was not the claim of FDIC nor WMILT against JMPC, not the windfall to escrow owners.
Please do not get disappointed.
The leftover will be much more than $151B.
Just wait for 6-9 more months, get the champagne ready for a toss.
Royal,
The PR revealed that it is a 50/50 deal to purchase USI by KKR & CDPQ.
Could you further elaborate the support of KKR using WMIHC for this acquisition ?
Thanks!
richlife
3-18-2017
Really need a few capable person to help:
1. Obviously this wamu sage is losing steam and happiness due to possible employee's claim new court hearing date : 2-26-2018 for escrow or/and wmih share holders.
2. How will this delayed trial impact
a. the date for escrow distribution
b. the share price of wmih
3. Could the above trial be carried out individually covered by a litigation fund and be separated from whihc merger and acquisition and escrow distribution?
Hopefully we can work together, enriching each other instead of "internal fighting".
We are having the same goal : making good $$$ out of escrow and wmih.
PickStocks,
Escrow cupids will not receive cash:
http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html
"As stated above, the Escrow CUSIPs were established for any potential distributions of shares of WMIHC common stock. The only source of common stock available for any such a distribution would be from the 2.9 million of shares remaining on deposit in the Disputed Equity Escrow. Specifically, the Escrow CUSIPs do not, in and of themselves, entitle their holders to any possible future cash distributions from the Trust, WMIHC or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank)."
Not from my opinion, it was from the PR by WMILT: LTI holder will receive cash if any left.
Dear escrow shareholders,
With limited knowledge in reading, I learn that the escrow cusips in your stock trading accounts only qualify you to receive wmih stocks from the 2.9m shares deposited in the Disputed Equity Escrow account. First time was distributed and there will be a 2nd time coming for the remaining shares.
If there is any cash remaining for distribution from the WMILT, you will be issued Liquidating Trust Interests to receive distribution as clearly indicated by:
WMI Liquidating Trust Provides Information On Escrow CUSIPs
Mar 24, 2015, 16:05 ET from WMI Liquidating Trust:
http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html
"The Trust will issue Liquidating Trust Interests to WMI's former shareholders if the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to pay-in-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22, and if a shareholder satisfied all conditions applicable to receiving any such Liquidating Trust Interests. There can be no assurances that the Trust will be able to monetize assets in a manner sufficient to give effect to the foregoing."
Tranche 5 class 18 is expected to be done by settlement by JPM, FDIC and DB by July 15,2016.
So next is for Tranche 6 of Class 19 & 22 distribution - end of bankruptcy of WMI and WMIIC.
These could happen:
1. Liquidating Trust Interests(LTI) will be issued to escrow holders according to the quantity of escrow CUSIPs, hopefully on Aug 1, 2016.
2. WMIH Corp M/A news will be released in mid Aug, 2016 or early Sept 2016: A new financial banking holding company will be reborn as WMIH Corp with retail branches named as WaMu open for business on 9-26-2016. (WaMu Trademarks is still owned by former WMI estate.)
3. Fist distribution checks will be mailed in late Sept, 2016 to LTI holders.
Please do not take it too serious, just hoping to bring some fun or early joy.
The above predictions or wild guess are points for discussion interests (IMHO), expecting to get comments and corrections. Thanks!
Have been waiting very impatiently for the check to come for years.
TY cura asada for posting the good data!
Questions to you and others on board:
Out of $689.7B mortgage (used to be serviced by WMB, all taken and serviced by JPM) and
$442.7B serviced for others
1. $689.7B-$442.7B=$247B Does this amount owned by WMI or WMB?
2. $442.7B serviced for others
What are classified for "others"? Was WMI & subsidaries included? How much was owned by WMI & sibsidaries (all hidden assets) among this $442.7B ?
Happy Fathers Day! Wish all fathers who are holding escrows shares receive distribution very soon, by 9-25-2016.
Let's refresh some old important numbers:
For distribution, we always assume for $10B return from WMILT,
P & K will make par.
Here were the figures from A&M:
P: Out of 3M outstanding, 2,906,421 released
K: Out of 20M outstanding, 18,166,565 released
U: Out of 1.7B outstanding, 1,194,340,178 released
Here is the "exact" calculation:
If $10B returning:
Trust Preferred got $4B.
P should get 1.0322 par =$1032.20
K should get 1.1009 par =$27.52
U should get $1.88
Please think of millions of children without fathers in our global village that need your distribution of care. Will you?
(IMHO)
Thanks!
But how did you know that amount is being at FDIC-R?
Any record or proof?
Johnny, AzCowboy, LG and others,
We need some expect to comment on JPM's Investors Presentation relating to WMB purchase dated 9-25-2008:
Tangible assets assumed $296B
Liabilities assumed 265B
Net Assets 31B
Loan Marks (31B)
Reversal of loan reserve 8B
Other PAA (6B)
Adjusted net asset value 2B
If this was correct and accepted by FDIC & FDIC-R, the only assets
remaining with Receivership is only $2B to return to WMILT.
(Even if we stopped at apoint above Loan Marks ($31B), we can only get $31B Net Assets left, way below many here promoting hundreds of $B returning.)
The dreams of so many escrow holders are going to be broken. OMG!
Please come in to help to interpret the above report quoted by johnnykansas. (Johnny ,Thanks for the info.)
Someone, HELP! HELP! HELP! (IMHO)
I would like to ask the following question to Large Green:
(others are welcome to provide comments or idea)
You mentioned that $151B FDIC claims belongs to escrow. I am puzzled about this:
$188.3B WMB cash deposits less good assets (cash and cash equivalent)=$151B which was the subrogated claim of FDIC on FDIC-R, not on JPM.
FDIC-R had to transfer the same assets amount to JPM to balance this deposit liability of $151B. This $151B does not belong to escrow money. I may be wrong since I am not an expert on banking and finance.
But I found a support from FDIC:
https://www.fdic.gov/bank/analytical/quarterly/2010_vol4_2/claims.html
"The methodology used to resolve a failed bank determines the scope of the claims process. For example, in a purchase and assumption transaction (P&A), all deposits, secured liabilities, and good assets (typically cash and cash equivalents) of the failed bank are transferred to an acquiring bank. If the good assets are insufficient to cover the failed bank's deposit liabilities, the deposit insurer adds enough cash or bonds to make the depositors whole. The acquiring bank may take other assets as well. A whole bank P&A transaction greatly reduces the work involved in the claims process, as it is not necessary to make an insurance determination."
Please help to clarify this matter. Thanks!
Thank you for helping and letting me remember the trust preffered security of $4B.
Anyone can provide the voted released # for P,K & U?
Seeking help to figure out the correct ratio of distribution from the remaining WMI estate.
The learned method from this board in mind for the past few years:
For $10B return,
P&K getting FV(Face Value)
P=$1000
K=$25
Q=$1.78
From POR7 & WMILT distribution rules:
P&K 75%
Q 22.5%
wmih corp 2.5%
Just assuming all outstanding shares (3M P, 20M K and 1.7B Q) voted and released,
I figured out the preffered shares are getting a ratio of 2.1428 FV instead of 1 FV and Q getting $1.3235
For Q, if taking out the unreleased shares, the amount could be close to $1.78.
But there is a big difference in P & K:
1 vs 2.1428
So for $10B return, P is getting $2142.80; K $53.57
Please correct me if I am wrong here.
Appreciate anyone have a record and can provide the exact # of P,K and Q voted and released?
So we can get this right.
I am copying my previous two posting here:
Food for thought and comment:
Things happened in history with a reason that we may not be able to comprehend. But the timing is telling:
Washington Mutual was incorporated as the Washington National Building Loan and Investment Association on September 25, 1889, after the Great Seattle Fire destroyed 120 acres (49 ha) of the central business district of Seattle. The newly formed company made its first home mortgage loan on the West Coast.
9/25 : Are you familiar with this date?
https://en.wikipedia.org/wiki/Washington_Mutual
Why Wamu has been trying to preserve the logo, trademark and intellectual properties?
http://www.seattletimes.com/business/do-wamu-logo-and-trademarks-have-value/
Some wild guess here:
1.Something very significant is going to happen for 9/25/2016
2.WaMu logo will be back to business, possibly as Washington Mutual Bank “resurrection” and WMIH Corp as the bank holding company
(IMHO)
and
Need help to comprehend and interpret the following:
http://victoryoverchase.blogspot.com/2014/04/iwamu-is-it-logo-trademark-or-legal-name.html
Who is legally owning "WaMu" now?
Any value in "WaMu", its logo and trademarks?
Now:
** WaMu logo and trademarks has been all times belonging to WMI, not WMB. WMI has been using the logo and trademarks on WMB premises. Am I going too far to say that WaMu will possibly come back "alive" or the former executives of WMI has been thinking and planning to do so "in secret"? (IMHO)
Need help to comprehend and interpret the following:
http://victoryoverchase.blogspot.com/2014/04/iwamu-is-it-logo-trademark-or-legal-name.html
Who is legally owning "WaMu" now?
Any value in "WaMu", its logo and trademarks?
monosoccer2015 & withcatz,
TY for pointing out my mistake. Guess JPM have to pay for all WMI entitles including WMB's. How much that would be? To the FDIC-R then WMILT, finally to escrow owners?
Food for thought and comment:
Things happened in history with a reason that we may not be able to comprehend. But the timing is telling:
Washington Mutual was incorporated as the Washington National Building Loan and Investment Association on September 25, 1889, after the Great Seattle Fire destroyed 120 acres (49 ha) of the central business district of Seattle. The newly formed company made its first home mortgage loan on the West Coast.
9/25 : Are you familiar with this date?
https://en.wikipedia.org/wiki/Washington_Mutual
Why Wamu has been trying to preserve the logo, trademark and intellectual properties?
http://www.seattletimes.com/business/do-wamu-logo-and-trademarks-have-value/
Some wild guess here:
1.Something very significant is going to happen on 9/25/2016
2.Wamu logo will be back to business, possibly as Washington Mutual Bank “resurrection” and WMIH as the holding company
(IMHO)
I am not an insider nor a prophet, only a reader, not even in a position to consider myself a thinker ... recently I became a dreamer. I am quoting the following posts from boarddork and LG:
Possible hidden mortgage assets in legal isolation in the WMI family: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115671029
Possible assets under FDIC-R ; Safe Harbor: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121462197
Then my estimate as deducted from above:
1. WMI[WMILT]: $240B-278B
2. FDIC-R[WMILT]: $151B-220B
Total: $391-498B returning to WMILT, by taking average: $444.5B will be returning to WMILT then to escrow holders in tiered time.
I could had been instilled/intoxicated/hypnotized by many +ve thinkers on this board. But please tell me my reading was based on thin air: “You are totally WRONG!” Please enlighten me why these happened in history and not being related:
1.WMI in 2003 began to manage how to preserve assets in case WMB will be taken over one day. FASB implemented "legal isolation".
2.WMIIC & WMI filed independent bankruptcy on 9-26-2008 in Delaware and will merge into WMIH. WMB servicing loan of $689.7B, including $442.7B for other banks (? Large portion could be for WMI) and $247B owned by the bank. Where are the WMB mortgages now? Do you still remember PAA regulations of FDIC: 1% premium on cash deposit + book value ?
3.The $151B showed up 3 times in 3 entitles:
a. WMB statement 12-31-2008
b. FDIC subrogated claim 2015 balance sheet
c. JPM 8k 4Q2015
( http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122318420 )
Could my teachers from this board set up a “day dreaming” trap for you and me? Or their reasoning stands on solid grounds.
Because of the escrow markers, I am thinking of forming a charitable foundation to help the needy; first priority will be on relief: 21,000 human die everyday due to starvation and diseases from malnutrition. Are you hearing their cry for food? Are we dreaming together for a good purpose?
Would Jamie donate to this foundation out of remorse? (IMHO)
LG/AzCowboy,
You two are my favorite posters. I have been following your writings and bought into the idea of 3.5B authorized shares of WMIH planned to be used to purchase LT assets.
Please help me to clarify WMI LT Agreement date 2/12/2012, 1.6:
1.6
No Reversion to Debtors
. In no event shall any part of the Liquidating Trust Assets revert to or be distributed to any Debtor or Reorganized Debtor
Did this 1.6 mean that the debtor or reorganized debtor cannot get the LT assets for free?
or
It cannot procure the assets even by paying for it?
Please explain?
Assuming blessing/happiness to escrow holders will begin when all claims to the LT are done and all obligations of wmih to the fund raising parties are fulfilled, then expected outcome could happen to m/a of wmih, and then escrow get litigation interest in respective brokerage accounts and $$$$$$$.
1. Escrow holders want $ quicker
2. Investors on preferred shares of wmih want return faster
3. Board directors also want to cash out their wmih shares yesterday
4. Observers want to see the "miracles" sooner or busted
5. Judges like to close the case asap
Most of the people will benefit to see these miracles! Why delay?
I am seeking experienced professionals or legal expects to explain in detail terms to this BIG questions (could possibly be a $150-200B questions):
A. What steps/things have to happen first in legal terms prior to "happiness" in our accounts?
B. Any possible obstacle(s) ?
BlueeFoxx,
you mentioned:
"If you read the latest 10-K, you know WMIH is required to announce a "qualified acquisition" by July 5, 2015."
I tried to look for it but failed to find such statement in the latest 10K. Please help to identify the exact location or paragraph to verify this point. Thanks!
I am not good at these legal matters.
It seems to me the news you quoted here being very promising to share holders. Could you help to provide document support to this news?
Thanks in advance.
This board has been talking about M/A to happen by July 5, 2015.
This date was indicated as the deadline for company to be incorporated to Delaware, board of directors,.... nothing about M/A deadline!
Anyone can help to provide the document to prove M/A deadline?
Anyone with the wisdom to elaborate the PR:
"Specifically, the Escrow CUSIPs do not, in and of themselves, entitle their holders to any possible future cash distributions from the Trust, WMIHC or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank).
It said no cash distribution to escrow CUSIPs! I am scared!
WHY?
"Specifically, the Escrow CUSIPs do not, in and of themselves, entitle their holders to any possible future cash distributions from the Trust, WMIHC or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank).
What is the difference between escrow CUSIPs and escrow markers?
Anyone can help?
Anyone could help and enlighten me:
I am confused with the rights of CUSIPs.
It entitles to receive the 2.9M WMIH in the escrow account according to the plan.
But looks like possible and sizable reward rather than cash is from the WMILT.
Who is/are the beneficiary of WMILT ?
Thank you so much for restating the rs date! I feel so comfortable and happy to revisit these "mishappening" to the share holders and the struggling decisions of the board in order to survive the company and keep it growing.
Capital Change=shs decreased by 1 for 20 split. Pay date=10-21-03.
Capital Change=shs decreased by 1 for 50 split Pay date=12/12/2007.
Capital Change=shs decreased by 1 for 10 split Pay date=08/10/2010.
Capital Change=shs decreased by 1 for 1000 split Pay date=11/14/2011.
Capital Change=shs decreased by 1 for 100 split. Ex-date=04/15/2014.
Without past history, it is hard to predict whats to come.
2003, 2007, 2010, 2011 and 2014. The most difficult time for the company is between 8/2010 to 11/2011. Looks like this is over.
So we are talking about an average of 3 years for a rs whether it was 1000:1 in 2011 or 100:1 this year. I am so excited to see that "probably" the next split will in 2016 or 2017 by statistic or guestimate of course no one knows for sure.
My guts tell me that there is no need for another one.
Assuming it will, so this company will have 2-3 years to grow its business before the next rs. Will it be quite promising for the patents to grow on more and more licensing or a sj from the court in the next by the end of this year.
Currently I am holding 24M in GERS which will shrink to 240K real soon coupled with 10K in GERSD newly purchased last week resulting a 250K of GERS after the conversion. If the sp goes up to 20 cents by the end of this year. $50K in the basket is not very attractive..... well, looks like I have to get more GERSD this week. Please advise me not to if you have a better insight to this thought.
Well said. Two thumbs up! Take the picture off please.
I have been thinking to dump all shares and never come back to this.
board. Why?
I can not have a good reason to argue with my wife about this charming and sexy lady I always look at!!!
And the weed ....
VC,
I meant the Tyson story was a HOAX!
A little observation sharing with you:
1. In reaction of the retirement of Steve Ballmer, CEO of Microsoft, within the next 12 months, Microsoft stock jumps 6.6% in the morning in 2.5 hour with 118M traded. News affects the sp
of a major stock that much, not to mention the news pounding on uwbkq, bringing fear upon many share holders.
2. If there is no good news coming by 9-21-2013, this stock price will remain in the range of 0.08-0.11. Of course MM/trader will still utilize this spread to make some lunch $.
3. Please revisit our story:
a. Please let me know in history and normal human behaviour if any experienced attorney will leak info to a stranger caller over the phone with that much coverage, unless this lady was out of her mind!
b. Look at her picture, you can tell she is pretty converative, working hard to bring out a success, careful with her sensitive career. She does not carry the traits to do something out of the box that needs a lot of guts!
3. Therefore IMHO: the whole saga was just a HOAX!
BBB,
I would like to call you BBB instead of uncle Bob, fits more for better business bureau. If you don’t like it, sorry. I will change it to Bob.
WE LOST the case(confirmed)
We filed an appeal
the 11 was moved to a 7 liquidation(confirmed)
We dropped the appeal "IN THE BEST INTERESTS OF THE COMPANY"
You are correct up to here. Why?
We have to look at things in a legal perspective. We do not have “eyes or ears” to see what have been happening behind the scenes. Up to this point, we cannot say
“there is no settlement.” Nor “there is a settlement.”
Both are legally incorrect; but politically right because someone usually like to take side on personal or group interest.
You and several others STARTED THE "THERE MUST BE A SETTLEMENT" theory , now you hear there was none and want to call this MATERIAL information.... Plain and simple had there been one with the "GOV" we would have heard ,do you agree?
You are not right here. Legal, private info always have to keep sealed until it is time to make it public. This is considered insider information if it is passed in any form prior to public release to any individual(s) who relates this info to certain action or inaction.
We have to be fair, rational and reasonable to this board since so many are making their decision just by reading the posts. This is “risky” – but people are doing it.
We are so limited in information and decision. But we have to try our best. Therefore exchanging
, sharing mutual eyes and ears are beneficial to us. Up to this moment, I do respect TM, BBB, LG, New, VC ….. and many others who have been contributing to this board so far, so much! WE are friends not enemies …… .. of course we have enemies hiding. Discussing, asking questions , challenging each other are ways to open up ourselves to see things in broader perspectives.
Let’s work together to bring this stock home with good rewards, I hope. Hero or Zero - that is your take.
[JMHO – comments are very welcome.]
RJM427,
To reply to your questions:
"The Board was opposed to filing the NOA, it was filed only for the purpose of the trustee given time to review the case"
"The government will not settle any case of this type", "there in no settlement".
"I have reviewed everything with the trustee AND....BS,... we have areas where we are trying to get assets "pushed" into the estate, I cannot state there will be assets moving to equity or any class. However the same 62 million you state as claimants in class 1-7, in the chapter 11 are not necessarily claimants in chap 7. They need to have proof of claims to recover at all. (Ques regarding having to submit claim), "I cannot give you any legal advice."
"There is no way the government would settle this or any other similar case"
All of the above are considered non-public info that are material to this ongoing bk case since it may influence the decision of a claimant, a share seller, a holder, a buyer or other.
eg. The appeal has been withdrawn - this is public info.
Anyone, please correct me if I am wrong. [IMHO]
VC & others,
I have been reading this board for over 2 years because of my position in this stock.
My purpose of writing is to clear some clouds, get some sun light,
find the truth .... to see the sp rise again ....to feel safe & happy before the payoff day. I think many of you feel the same.
If you can find an answer to the following questions, you will bring sun light & happiness:
1. Was it proper and normal for Tyson to reveal that much info which
was material to the bk case and affecting surely the share price?
2. Was it normal for someone having the chance to obtain these important info to post such news first, wait for the price drop ... then sell and willing to take a big loss?
Please HELP!
[Folks, be calm .... everything remains the same before and after this drama as of today. JMHO]