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So to be clear, you agree and think we're safe up to our brokers final acceptance date to receive releases as being safe to still receive distribution ??
Clearly, transfers of claims are allowed up until the day prior to the Distribution Record Date
"VOTE ON AND, TO THE EXTENT APPLICABLE, MAKE ELECTIONS OR CONTINGENT ELECTIONS WITH RESPECT TO, THE SEVENTH AMENDED PLAN IS THE SAME DATE AS THE VOTING AND ELECTION DEADLINE".
Three day trade clearance; 24th scottrade deadline for releases / ballot; one day cushion
Based on your emails and responses you received back...Here's my guess...it's set to give cash value when giving releases, but if you want pro rata shares of newco you first have to select [check box]Run-off notes, then you have to accept [check box]pro rata shares [newco] in lieu of giving up future litigation proceeds...but what do i know...IMO
Sorry to hear that...It will hit $5 on Feb 20th, I'm safe...lol IMO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71496973
I figure my safe day is Feb 20th with the cleared / settled date set at Feb 24 by scottrade...if the corporate actions changed something with out notifying me after telling me what I now know, we'll just have to sic voodoo on'em...lol
IMO
I'm Ready to Rock, I usually have Patience but... Been waiting for something like this since Google...Lets get this thing on the road
the reps are not up to speed, some might think they are, heck even the reps in my office thought they were, until I edukateds them
and if they changed something and didn't notify me, well, we'll just have to sic voodoo on'em
nope,,,have him call corporate actions and ask for supervisor, to be certain, so he can get up to date on adding to your position and give releases...IMO
and if they changed something and didn't notify me, well, we'll just have to sic voodoo on'em
19 days to go before my cut-off...I 'm patient...I'm in under $10 as it is, but I can be greedy, it's my God - given - Right
Now if everyone would just stop buying before the vote deadline and sit this one out...lol
i know, now if you banked with scottrade, I could answer...you have plenty of time to correct it if e-trade hasn't set the deadline date as Feb 1
How is it the "experts" didn't see this bleed coming...how many pints of blood does the human body, I mean CAGR have
You should have let your caretaker handle that, I hope they don't take too long to mail it back...lol...you should bank with scottrade, just go down the office, say "Here" then walk out...no $30 fees either
That would match my 2-5-10 plan for preferred, as i stated over a month ago when i sold at 24. Since my other "guess" was correct predicting we would see .03 on the commons right after we heard the announcement of a settlement, I'm sticking with what i know and holding out...Already bought some recently under 10...and to think, I was going to throw out this old dirty crystal ball,,,lol
Everyone ready for your Restricted Stock Dividend equivalent to two percent (2%) of your recorded shareholdings as of Dec 31 2011, today? The payable date is January 10, 2012.
Let me just change some numbers...lol
Everyone ready for your Restricted Stock Dividend equivalent to five percent (5%) of your recorded shareholdings as of Jan 31 2012, soon? The payable date is February 10, 2012.
LOL
I said now in the 2's, not something you find at the end of a rainbow
Someone must have a peek at the next financials? lol As this is now in the 2's...that's reality...
Not the shares i will get at $5...lol...IMO
While your at it might as well include all the pro-zicx AKA contributors to the cause who helped graham create the share selling environment he enjoyed
Let her...I dare her, I double dare her; I dog triple dare her
I have my cut off date and I'm making the best of it
No hammer needed here when you have a nailgun...you keep nailing CAGR to the wall
Imagine that
"Near the end of the hearing on Wednesday, January 11, 2012, the Judge even opined that the Debtors’ assumption that it could violate the APR was “Optimistic”, which signals that she is giving some consideration to instituting the APR. Absent that, the Court has the discretion, and the blessing of the Debtors and the Equity Committee, to adjust the proposed distribution of 30% of Newco to Common Equity Interest Holders. The institution of the APR or any downward adjustment of the Newco allocation by the Court would necessarily mean that the currently proposed recovery for all Common Equity Interests would be decreased if not entirely eviscerated. Accordingly, there is risk that the Newco portion of the recent LTW Settlement may have no value in the hands of the LTW Holders.
"So it begs the question, if the APR is instituted, why would the Preferred classes receive all of the Newco when senior classes of subordinated claims in Class 18 are projected to receive no recovery under the plan? The answer there would seem to be that, since the Court bestowed upon the Equity Committee the opportunity to pursue “Colorable Claims” for the purported insider trading of certain Settlement Noteholders, the EC would obviously not agree to give up the opportunity to pursue those claims (via the current settlement embodied within the Plan) if none of their constituency would receive any benefit. So my guess is that if the Absolute Priority Rule is applied, and that is still a big if, it would only be imposed amongst the equity classes. It remains to be seen what will happen there but it bears noting that, according to the Ballot Instructions, votes for the Common Equity Interest Holders (except for DIMEQ) and the Preferred Holders in Class 19 would have to be submitted and received no later than February 9th for the votes to count and the Releases would have to be tendered by February 29th in order for the equity classes to be eligible to receive a recovery under the Plan."
Go ahead....let me give you a CAGR teachable moment in the art of stock trades...Weeeeeeeeeeeeeeeee
I couldn't get an intelligent answer from any inquiries either ,but as i only hold a few h I checked the box, and as there was no box in front of % runoff notes to check just a line to be filled in i assumed it was part of the checked box pro rata and said 100%; I really don't care about H return or if i mess up the ballot as i expect a nice P payoff - I've gotten back in below 10 ...My concern is only that i reject plan based on principle; I just want this done and over....this is not advice but IMO
My post was derived from the actual TPS letter received with the ballot...they must realize an appeal would not be reviewed and considered moot with confirmation and enactment of plan...Thanks for the update...I'm still voting to reject
I hope everyone has or is considering voting against the plan? I kind of like the idea of trying to preserve the ABSOLUTE PRIORITY RULE regarding our recovery which is the Law... [UBCS 1129(b)(2)(C) when a class of Preferred Equity Holders votes against a plan it triggers the Absolute Priority Rule...deal or no deal
Not only IMO, but TPS opinion
voodoo, we b in the .03 range...here I am, there you are...and we still have till the FEB 20th to safely add more and give releases on a ballot for added shares if you bank with Scottrade
IMO
Whitebox believes the PIERS holders should vote AGAINST the plan….The Plan requires the PIERS holders to pay 726M in interest to holders of Contractually Senior Notes, leaving PIERS holders with a recovery of 94M [11% of the claim amt rather than 97%]…White box intends to object to the plan confirmation on the grounds that subordination does not require the PIERS to pay to senior noteholders the dif between the FJR and contracts rates, and if there’s an adverse ruling, plans to appeal…There is a risk however, that once the plan is consummated, an appellate court will consider the issue moot and decline to address it. If that happens, PIERS holders will lose 86% of the recovery without the opportunity to pursue an appeal ....if ruled in WBOX favor, there's a big dif between 11% or 97%
That's my strong guess because when i go in with the ballot i want those shares cleared as that is the way the information was relayed to me...bought some at 9 and change today, who knows, it just might be 50 before the 20th...NOT..lol...my target is still $5 maybe 2...lol
IMO
Corporate Office - Corporate Actions...they have never left me with egg...but listen to your broker at the branch...cut off date to vote Feb 6th; cut off date for releases Feb 24th [must turn in ballot, just leave both boxes [one to vote, one for releases] blank sign and fill out w-9...DONE [Stock also has to have CLEARED the 3 days and settled before cut off date, by the 24th]
Also I received all my ballots for each class last week when i was told i would
IMO [just to confuse the issue]
Someone better throw down a gauntlet
(b) The Argument that the Settlement Should Not Preclude Litigation in the Court of Claims as to Who Owned the Anchor Litigation.
The Settlement resolves issues relating to the Adversary Proceeding, which dealt exclusively with whether the LTW holders had claims against, or equity interests in, the Debtors. Except for the issues relating to the WMI directors’ obligations under Section 4.4 of the Amended Agreements, the Adversary Proceeding did not deal with claims against third parties.Issues relating to third party releases of third party claims are part of the Seventh Amended Plan. In order to get a distribution under the Seventh Amended Plan, LTW holders } 6 will need to timely make an election which, if given, would release claims against certain third parties, including JPMC. However, that is strictly their option to do so, or not.
The issue as to who owned the Anchor Litigation was clearly raised in the Adversary Proceeding. The Trial Opinion states at page 31 that “the LTWs do not entitle the LTW holders to an interest in the Anchor Litigation itself.” The Global Settlement Agreement states that the Anchor Litigation is being transferred to JPMC free and clear of all claims and interests of LTW holders. It appears that the objectors to the Settlement would like to make the argument that this Court did not have subject matter jurisdiction to decide these issues because no part of the Anchor Litigation recovery was ever owned by the Debtors, and the issue should have been litigated, and still should be determined, in another forum. It is not clear whether the objectors are asking the Court to invalidate its prior rulings, or they are just throwing down a “marker” so they can litigate the issue somewhere else. If the latter (throwing down a “marker”), that is not an objection to the Settlement. If the former (invalidating prior rulings) they have not made that type of motion, or specifically requested that type of relief.
Class Representatives' Reply to Objections to Motion for Approval of Settlement Resolving Adversary Proceeding Between Debtors and Class Representatives for the LTW Holders
http://www.kccllc.net/documents/0812229/0812229120130000000000001.pdf
IMPORTANT: For all scottrade fans...Confirmed...Scottrade cut-off date to accept your ballots, even if you have done so earlier already, to send master ballot of your your opt in-opt out / releases is Feb 24th as the shares absolutely need to CLEAR the three days to qualify...I emphasize even if you have already voted but decide to add to your position...the vote for the plan cut-off date is Feb 6, but who cares at this point about voting added on shares after you vote for or against the plan on previous shares...IMO
Glad i sold all my shares but one @ 24...finally made the right move regarding this stock getting in as it approaches bottom...yahoo
what did i tells'ya .....on another note, in penny land i never consider any price a bargain....any day now that "group" will start buying....right, isn't that so? lol
Did that done that, got my guarantee with the person I have dealings with....established it a while back as i and chiron were of the few that believed we would see these prices
The key is
Preferred Equity Interests held in the election account
some honesty, at least you admit posting the buy sign while selling
Yes, everybody call Jeff @ CAGR so Jeff can tell you HOW GREAT the CAGR company is
Time to worry about CAGR and the PPS when you see all the bold repeated PR posts appearing...IMO
I will reject the plan for all classes and give releases.; and if all these prices keep dropping will add by Tuesday and vote