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The Mor the better!!!
Show me the pesos!!
Yep, we joke around over there a bit….
They won’t pry my shares from my hands until I get 5 bucks!! lol
They get a thank you letter from me if more!!! Haha
Really no point but it’s interesting that the J’s were issued in Feb. of ‘08 -
Bad timing on the ones that jumped on them being issued!!! Yikes
Was there an actual form available? All the links I pulled up resulted in a dead end!
Just jumping in on this conversation.... not to haggle with anyone.. good to see you KMC-1!!
I don't necessarily agree with the Muslin faith on so many levels including the treatment of women, but I can admit they are exceptional with their talent and their taste for perfection. I'm reminded of the old Lexus Slogan of "pursuit of perfection" and today Lexus isn't really that mind set unfortunately - they've made it and they have their reputation to hang their coat on!! However if the Saudi's with very deep pockets and a taste for perfection will carry this car company to next level. I've entertained these sheiks(?) with their expensive taste in homes, cars and watches over the last 7 years on YouTube and these guys are next level yet not reckless, if that makes sense??... Just have to look at Dubai.... That city was built by Arabs... and is absolutely an engineering marvel!! And here Elon Musk is bent on living on Mars.... He hands down built Tesla but he is running it off a cliff.. the interior in the cars is generic and reminds me of a mindless culture of the future cars on SciFi movies. He's lost touch!
But back to the Arab world... these guys have a passion for the best... and the team at Lucid is incredible!! Richard Rawlings and down!!! They have built the best car in the world!! Lucid Sapphire! Yes it costs 250k (high? nah... when you consider who is entering the EV game - literally everyone!! including which is genius for the asking price because any drops will curry favor for the next group to stretch their pocket books a bit to acquire!! And currently at 250K it appeals to the Ferrari, Bugatti, Porsche, Lamborghini, McLaren, Aston Martin, Hennesey, and not least but last is Koenigsegg motors crowd who can spend an easy 7 figures for cars.... So technology vs. usability makes this an absolute gem! Why not capitulate on the higher price early models to make it more desired!!
Just watched a video by Savagegeese on the Lucid Air Sapphire which goes through the heritage of this concept/idea of the vehicle.... and these guys (Arabs) have been in it since the beginning!!
They will need to make a useable model maybe SUV to appeal to the general public but they have the technology to make it happen now... hands down the best auto manufacturer in the world right now in my opinion and can't wait to see what happens now!! Reputable car review spokesman said in a recent video that the technology is the best out there even trumping Mercedes.... Mercedes holds more patents than any other car manufacturer!! That is saying something IMO...
here is a link to the video I'm watching today....
I really don't think so.... The fact that there is a 2 month proving period is for identifying ownership and proving where all the shares are is necessary for distributing funds or it could of taken place the next 3-5 business days... like most transactions.
These brokerages aren't really incompetent as we deem them here!! on Ihub. lol. Have I engaged some jerks? over the last two decades? sure!! lol
I actually got my butt chewed by upper management at TDAmeritrade... that day I will refer to them as TDAmeriturd or TDAmeritirade.... lol
And the guy on the other end of the phone realized I actually made the mistake due to absolute ignorance which he could determine but at the time was a huge NO NO as far as the SEC is concerned.... I knew how the trading software worked with the company and was able to do a day trade in a non day trade account because they only had the 3 day window on the buy side.... well I Sold this stock! To minimize loses and then I bought it 15 minutes later and sold it again 10 minutes after that. I actually lost $250,000 that day but minimized it by my actions or it would of been a $375K loss...
After that event Ameritrade actually changed their rules to do a 3 day window on both buy and sell side of a transaction on their software!! My event might of actually contribute to their new computer algorithms? I had 5000 WAMPQ shares in that trade on the Friday the DC court got railroaded into an agreement.
But they aren't' out to get us and they have a big brother also.... SEC regulation.
In any company we deal with there are so many departments that the average employee hasn't a clue as to what the bigger picture in the company is doing. Most employees are given a work task and asked to carry it out.... lol like me anything out of my realm of current understanding I'm not going to take the time to figure it out especially if it doesn't APPLY to me..... like any other worker! And we call these guys at the brokerage houses wanting to know all kinds of legal understanding in a heavily convoluted Court Case in Bankruptcy (worst of the worst)... and when we can't even figure it out 90% of the time here on Ihub with educated individuals who like to read... We might as well approach a homeless guy on the street to strike up this conversation!! lol and chances are if his/her brain is still somewhat intact might give us some more beneficial information!!
All I have to say is the only dialogue with them is to ensure our shares are still there!!! As long as the case is open! That's their job...
Conclusion?
I'm holding my shares here as I have for a few years realizing all these share will be accounted for and if there is restitution for the CTs... I stand to benefit from them irregardless of what forms are out there... because just like real-estate I have the deed on these shares in my brokerage. End of story!!
I think people get hung up on filling out forms because it gives them peace of mind... I get it!!
But we filled out forms when we opened our brokerage accounts with these institutions and they filled out a whole lot more forms than we did to open their doors!!
So if we have money coming to us? We will get it... Simple as that...
What I'm seeing based on dialogue here the last year is that IF we are included in a payout? That would be great... I think depending on the which of the 4 CT's we have? there is approximately 20.00 to 22.00 restitution of Interest on these shares! and this is based on a face value of 25.00.
So how will the court actually take into account the value in this case? Which has more authority? The face value or the interest? They really go in tandem in my opinion... No recognized face value? then there is no recognized interest!!
Having said that.... 25.00 + 21.00 is 46.00 in total... if we get half that? Absolute windfall!! or even 20% of that....
The CT's got reregistered in the case as less important category but weren't washed out... so the face value is still there IMO and maybe this was done? Shelve them to the end of the case to see what was really available to make them whole as they should have been in the first place! It gets real sticky when you're dealing with two court systems entirely different countries.
Let's see what develops in the next 2 months? Should continue to be an interesting dialogue here on Ihub..... lol
I have my share tucked away for the finally
This will probably be my best contribution to this board... so if your looking for more insight? Just reread and chill out.... lol
No big deal… not as annoying as all caps! lol
Oh we know…. lol
Probably lives under a bridge…
Wonder if trolls get together and have barbecues?
And yet you linger in this board - babysitting it relentlessly!
Fascinating!!
45 a share hitting our accounts next week!!
Enjoy!
Am I rich yet?
Does not make sense… even if you have a cusip number (I think that’s what they call them) the account should always retain them?!? Maybe cash accounts are different?
Anyway I have an old bk stock from over a decade ago that hasn’t traded for like 8 years and it got transferred from TDA to Schwab this last weekend. I was hoping it would disappear! lol they probably want me to pay them 50 dollars to remove it??
Funny guys!! Mobsters….
I would get someone on the phone and even if you need to buffalo them a bit…
Throw at them you have a paper trail… they don’t know how extensive? Could be one screen shot or statement !!
Just lay it on them and keep your cool! Let them break first… and you will probably see results!
Cheering for you bud!
Good to hear!
Absolutely correct!
If your not needing the lump sum right away?
Then roll it into a Roth preferably before the pop.
Allowed like $6k
Then penalty is 10% on early withdrawal - excluded for schooling medical and down payment of a home….
Just an idea…
I’m waiting for the Wagyu payout!
Show me the money!
I've finally replied to him... my efforts in this case or sentiment plays zero into the outcome! lol
This is the realism of bankruptcy! Anything can happen! Even if there is money? It’s ultimately up to lawyers and if the Judge will force their hand to be responsible!
One would hope!!
They also gave a reclassification to the CTs post bankruptcy which you would think is illegal… so there’s that!
Anything can happen here…. And the last thing I’m going to do is invest more money (time) into this than necessary.
I do enjoy the banter here occasionally….
But to buckle down and check the lawyer’s hands is ludicrous imo! Changes nothing from my vantage point!
I have a decent pile of these and if something turns up? Great….
By the way, I spent countless hours on the Wamu case in its infancy and read 1000s of pages of court documents with a black’s law dictionary to decipher its outcome and it didn’t help!
I’ve spent entirely too much time in this reply to you in fact…
Good day sir!
Lowering the prices on vehicles over the last year will affect the bottom line…. Always felt the price was over inflated since the first short squeeze….
When Elon got roped into buying Twitter amid his shenanigans….
That drop to finance his new venture made it a good/hood deal…. @ 100.00
Fact it ran to 260 + range blew my mind!
I really think something will develop despite the whimsical nonsense… Wamu taught me that lesson…
Clown doesn’t realize that’s the purpose of the board for the last 15 years is to figure out if there is money? lol
Jersey is straight…. He wants money worse than you do probably!!
Mind showing us where the money is?
And calling someone a liar is well asinine at best!!
I’m totally in favor of this!!
My CTs are also in Schwab…
Big volume here….
What’s the intended date?
I would sell all of mine…. 5 dollar holler
I was thinking in a similar vein…. There was plenty of right offs for everyone in 08/09… are they merely proping these up to use for tax shield at a future time?
Likely not an accountable till time of sale or actually fully delisted…
Nice!
Long time…. I grabbed some 19.5 yesterday
Nope… zero shares… they seem like a headache
Tomorrow for sure!!!
I’m ready Freddy!!!
Odd if you ask me…. And my 1 share that sold for 25.00
Hopefully this is completed soon