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Sent this inquiry off to my broker and got a response that they are researching it:
Greetings, On or just before Mar 2012, I signed releases for WAMPQ, WAMKQ, WAMUQ and DIMEQ shares that I had in my brokerage account. Escrow markers were set up for the WAMPQ, WAMKQ and WAMUQ accounts and new shares of WMIH were issued as part of the agreement associated with the releases that I signed. I never received escrow markers for the DIMEQs and I recently received a letter from the WMI Liquidating trust stating that my distributions associated with my DIMEQ shares have been returned as UNDELIVERABLE. I would like to track down the releases that I signed and submitted through XXXX brokerage services for the DIMEQ (class 21) shares. Apparently these releases never made it to the WMI Liquidating Trust (Richards, Layton & Finger, P.A. and Weil Gotshal & Manges LLP). Please advise.
V/r
1.) 6/12/13
2.) Yes
3.) Yes
4.) My account has escrows for WAMUQ, WAMPQ and WAMKQ's but no escrows for DIMEQ.
Was DIMEQ class 21? I am guessing that I may not have gotten one of the forms submitted correctly?
The language on the packet reads as follows:
NOTICE OF LIST OF DISTRIBUTIONS THAT HAVE NOT BEEN NEGOTIATED OR HAVE BEEN RETURNED AS UNDELIVERABLE
PLEASE TAKE NOTICE that, pursuant to section 31.6(b) of the seventh amended joint plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code, dated December 12, 2011 (as modified, the "Plan"), as confirmed pursuant to an Order of the Bankruptcy Court, a list of Entities to which distributions have been made pursuant to the Plan, and which distributions have not been negotiated or returned as undeliverable as the date hereof, is attached hereto as Exhibit A.
PLEASE TAKE FURTHER NOTICE that, in accordance with the Section 31.6(b) of the Plan, any holder of an Allowed Claim or Equity Interest listed on Exhibit A hereto that does not identify itself and assert its right pursuant to the Plan to receive a distribution within one (1) year from the date hereof shall have its entitlement to such undeliverable distribution discharged and shall be forever barred from asserting any entitlement pursuant to the plan, against the Reorganized Debtors, the Liquidating Trust, the Liquidating Trustee, the Trustees, or their respective professionals, agents, or property, and in such case, the Liquidating Trustee shall be authorized to permanently remove such holder and its corresponding Claim and/or Trust Interest from such trustee's books and records and any consideration held for distribution on.
Exhibit A is a list of several hundred names listed as class 21, class 2, class 3, class 17A and includes my own name.
Anybody receive a packet in the mail with filing date of 6/12/13 Docket No: 11279
Holders of Allowed Claim of Equity Interest listed in Exhibit A.
It looks like I received my packet about 2 months late being in Afghanistan. Is there any action required on our part for this?
Maybe they will have the proper motivation to maximize shareholder value now.
Institutional Investors Here We Come!!!
1.2k in volume doesn't equate to "massive" in my book. This is being lightly traded at the moment. There is no "massive" dumping as you infer.
99 CENT VOD = RECESSION PROOF ENTERTAINMENT!
Do any of the recent developments give us an indication of a recovery for the LEHMQ commons?
USAA wont let me purchase any Lehman bankruptcy securities.
I did the same thing. I said to myself that the technology looks like it could have potential so lets go jump on IHUB and see what king of DD folks are sharing. F**cking train wreck of a pink sheet with a massive add campaign is all it is.
So is VODWIZ going to be available worldwide?
Sierra's latest:
Hannover House (HHSE) Share Price To Rise As New PR To Detail Updated Financials And Uplisting Ventures Sierra World Equity Review. Watch for big news within the next 14 days forecasts Sierra!
She's actually been right more often than not. I guess if you fling enough mud eventually something will stick to the wall. I'm hoping she get's this one right.
Anyone willing to take a guess on long term price targets?
So basically what you are saying is that shorts are f*&@ed?
You with HHSE well on its way with the planned up-listing, I can see this company striking a deal with a major PE firm like Blackstone Group for some private equity / public entity PIPE infusions. This could really launch HHSE into the stratosphere and allow them to become a major player in the movie industry. I'm at the edge of my seat!
Go HHSE!
You know once HHSE gets over their current hurdles and we move forward with up-listing, I can see this company striking a deal with a major PE firm like Blackstone Group for some private equity / public entity PIPE infusions. This could really launch HHSE into the stratosphere and allow them to become a major player.
I received an advertisement pumping this stock and came here to get a feel for outstanding share count, reporting status, etc. and good thing I did. No thanks. Okay back to lurking.
I must be a little late to the game here folks but what happened to all of my JQs, KQs, PQs, LQs, CQs, MQs and GQs?
Account only shows Lehman Escrow 100s, and Escrow 639s, LEHNQs and a conversion Escrow B16 holding.
Are we waiting for distribution in the escrows or are we waiting for NQs to be restored to face value?
I got sidetracked for a coupld years by WAMU and haven't kept up to date.
A brief synposis would be greatly appreciated.
V/r
Ben
I think it's a glitch. I'm not counting on it coming to fruition. USAA has had these types of glitches occur with my Lehman shares before.
I just called USAA and they don't know of any dispersement to escrow holders. They basically told me what I already know that the escrow works as a place holder and until there is a cash or share dispersement, you can't trade on it. So why is the value per share suddenly showing as $1.00 for commons but $0.00 on the prefs and everything else?
I can't do a print screen but here is a copy & paste:
WASHINGTON MUT INC (ESCXXX)
Cash
240,400.000
$1.000
N/A
02/07/2013 04:32 PM ET
$240,400.00
$0.00
Action
That escrow account was for my commons BTW. Calling brokerage firm now to find out if this is legit.
$240,400 just hit my escrow account. I'm not joking. I had 240,400 common shares and it's showing $1.00 a piece. Did anyone else's accounts get a $1.00 per share update / dispersement? Right now it is showing as a security value but that doesn't necessarily mean I can trade it does it?
I am all for HHSE but if you think the FBI is going to put forth any effort in investigating a message board on a pink sheet stock you are crazy. There is no justice in these bad lands. (Queue The Good, The Bad and The Ugly theme whistle as tumble weed rolls by)... Womp Womp Womp!
I wonder how much Dimon's bonus is going to get cut when the lid comes off this WAMU powder keg that JPM (and others) are sitting on.
Both at the same time? Nice work RD!
HHSE has way more going for it then SPNG ever had. Anyone here remember SPNG?
Is The MBIA vs BAC Saga Ending In Under 24 Hours?
http://www.zerohedge.com/news/mbia-vs-bac-saga-ending-under-24-hours
U.S. District Judge Lewis Kaplan reduces fees by 31% in Lehman case:
"We live in hard times,” Kaplan wrote in the order Friday. “A fee in excess of $82 million, reflecting about 2.18 times the notional reasonable value of the services rendered, even granting that some premium over the lodestar is appropriate, simply seems too much."
Hats off to Judge Lewis Kaplan. Maybe Judge Walrath could take note!
http://www.jdjournal.com/2012/07/03/fees-reduced-in-lehman-brothers-case/
Too bad Judge Walrath didn't do the right thing and cut those outrageous fees in the WAMU case. I think it's fair to say that the judge overseeing the Lehman case at least has an inclination to what's fair and reasonable.
Get in Marty! Fast approaching 88Mph!
I have buys in at .0203, .0204 and .0205 in case they try to paint the price back down I can double my position. If the short squeeze hits before I get any additional shares then so be it. I still have a substantial position.
Crickets....
Fellow WAMPQ holders,
I am currently in Afghanistan and I am having trouble getting ballots from my broker. Does anyone have a .pdf copy of the WAHUQ ballot? I need to get these FEDEXd out here ASAP. Any help would be greatly appreciated.
kilshaw_81@hotmail.com
Please send me the class 22 voting materials to kilshaw_81@hotmail.com
v/r
kilshaw
Latest From USAA:
Dear Mr. XXXX,
Thank you for your follow-up message. It won't be necessary that you make any changes to your document delivery election. We've learned that Broadridge mailed the info packets out yesterday. You have until 2/2/2012 to get the info back to USAA. We will accept a faxed returned ballot sent to the attention of:USAA Corporate Actions at (800) 292-8177. This is the preferred method, due to short time frame. You may submit up to the 2/9/2012 deadline, but anything after 2/2/2012 will be handled on a best efforts basis, so it's important that we receive your ballot as soon as possible.
We value your business and the opportunity to serve all your financial needs.
Thank you,
Anthony Jacob
USAA
USAA means United Services Automobile Association and its affiliates.
USAA Brokerage Services is a division of USAA Financial Advisors, Inc., a registered broker dealer.
It looks like USAA utlizes an online voting service through proxyvote.com. Thank god because I will be back in Afghanistan when the ballots are released.
Response from USAA concerning ballots:
Dear Mr. XXXX,
Thank you for your message about Washington Mutual reorganization notifications. At this time, we have no information about when reorganization related materials will be issued, the process used by shareholders to vote, or when decisions will be required from investors. However, your account is set up so you generally receive corporate notifications by e-mail. Thus, you will likely receive any Washington Mutual information by e-mail. Typically, when electronic notification is provided, information about voting electronically through proxyvote.com is also provided.
We value your business and the opportunity to serve all your financial needs. If we can be of further help to you, please contact us.
Thank you,
XXXX XXXX
USAA