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...and if it's a farce, then it's a LIE.
I know that and I get it. However, awarding shares in a company that has no business and no stated business plan, and are given 0 guidance from our reps is not by anyones' stretch of imagination, F&R. Gotta be more or F&R is a farce. Again, JMO.
"Fair and Reasonable" is what we received from the original share exchange. DAYUM!!!!!!! Not hardly, COOP has to hit 30+ dollars per share for me to break even and the PIERS made over 3 times ROI.jmo
so no F&R, huh?
I got that a few days ago too, but it was for proceeds from the PIERS. not sure why anyone would be getting a 1099 for 2018 from WMILT for anything other than PIERS.
I haven't received anything regarding any accounts other than PIERS, dated 3/5/2019, from WMILT, showing that I've been paid and have an LTI balance of $0.00 as of 02/25/19...received that yesterday.
did you sign release for your holdings?
yup, we spent the entire last summer traveling that part of the country. Headin' back again in a couple of months.
good... now, that's an awesome sunset. looks just like fire.
is that fire behind your dog or the sunset?
I'd be willing to give up half of any recovery I might receive to see that happen...maybe I'd actually be able believe in our judicial system again to boot.jmo
yup..I didn't really keep track other than knowing I was up on the position a good bit.
I was in at 3.59/share and I had a dinky position but my position returned a good bit over 10.25/share. Someone out there probably kept better track of what the actual amount per share ended up being actually paid. If my memory serves me I received at least four checks...they started coming in shortly after their representation as a "bond" position disappeared from my tda account.
..it was approximately 3 1/2 times more than the amount I invested in WAHUQ. I purchased them when it looked like equity would be cancelled(por 6), so I'd at least be assured of something in the big wamu theft. I had a de minimus position, so I had already received the majority of my distribution long before yesterday, but what was left continued to appreciate in value(per quarterly statements), and that is what I received.
I received my final PIERS check today...anyone else? It was dated 2/25/2019 and was written on Bank Of America paper.
I don't think I received my first payment from the trust until AFTER my wahuq position disappeared from my TDA account. From that point on I received checks and regular statements(always growing) from the trust all the way up to last week. ...so, I don't think so. jmo .. also, just because something doesn't make sense, doesn't necessarily make it untrue.
I'm figuring what lies on the other side of the corporate veil, that the judge would not allow to be pierced, is what a hundred plus year old financial institution made a policy of securitizing over a long, long period of time. That's what we're entitled to. jmo
No, our EC representatives did and the result is COOP...and the escrow markers. I don't believe judges do that.jmo
really, that chart has been steadily climbing all month.
I tend to agree...seems like the only opportunity to exit in profit was if you sold shortly after bk, when shares were trading in the mid 3 dollar range(with no guidance or business plan from our "leaders"). With the split it became almost insurmountable to get fair and reasonable with a 12 times reduction in share count, which in large part were awarded by the settlement(deemed by our reps to be F&R). So I don't think, in light of all that has transpired, our "fair & reasonable" was in this alone. Ask the PIERS, they came out way in profit...and are still not done. We do still have the escrows. I'm feeling a huge Class Action suit down the road if they(escrows) don't right this wrong. jmo
fact is after the split, our upward potential in COOP took a huge hit. my account shows my COOP up bigtime percentage wise, over all, since emergence from bk, that is total bs. seems like the position I ended up with that is now COOP keeps on moving farther and farther away from fair & reasonable. someone call morgan & morgan & morgan & morgan & morgan.
caveat.. except for the loss of respect part.I still respect lodas, as his post is accurate as well. jmo
awesome post
That's true, I'm in that group, however, there is still an outstanding balance owed according to my statements and I continue to receive statements that indicate value accretion over the previous statement each time. I originally had 100 shares of wahuq, which have returned over three times what I purchased them at. The very first payment I received was over what I paid by mor than $100.00
Wouldn't the mega holders like TPG mount some opposition to stalling and stealing of what they and us perceive as theirs and ours? Maybe there is some kind of back door deal in which WE aren't included.
The entire reason we are here is because really really smart people F'd up large and given a go ahead by the crooked people that run things. Dishonest people don't just start being honest people automatically. First, there has to be consequences for bad behavior...no consequences = no change in bad behavior.
Regardless of their plan, no one will be benefitting from this dude giving up his(my) shares...not gonna happen. I'll be around for the class action suit that will follow if we don't receive F&R.
thanks for the response. I purchased these as Nationstar options before the actual merger just to see how they would be treated throughout the process up to their jan expiration date. When I bought them I don't believe they were listed as non standard, but I'm really not sure about that. I believe they changed to NS after the merger and subsequent name change.
so how do you think they will be treated?
... For Anyone To disregard what was attempted to be put through with Both Failed Plan 6 attempts, ... ? ... is disrespectful to the group of true WMI Estate Equity Owners, That Have Been Able To Remain and see this through
agree 100% and they fought hard to keep us out.
...thinkin' about renting a car, driving around and clearing the panhandlers from the street corners with 100 dollar bills(probably in packets of smaller bills)..at least for a couple days.
I remember tim Geithner bragging about that on the sunday morning shows back in the day(or week after legislation was passed)...lucky us.
true, but those stinkin $$$$$ sure make good health a whole lot better.
received mine yesterday..glanced at it. wasn't a check attached.
your broker has your bank account number...could it not be distributed via the broker?
great post bob...couldn't agree more
...just like she did throughout the bankruptcy proceedings. I remember Rosen telling her he had a number of different variations of whatever he was presenting at the time
can anyone name another company on the exchanges that trade like wmih, and coop trades?
nope. ...and those 2 nsm option jan 2019 contracts I was telling you about a few months ago are showing a market value of 1000.00...I paid 70 bucks. but they are listed as non standard options. I tried to sell one and the order was accepted, but it didn't sell. we'll see.
yup, still buying this week as it drops trying to average down to close to even. sold a small portion of another cannabis stock to get my investment back and a little extra so I started pouring it carefully into eevvf. the cannabis market is starting move. I had two companies this past week that allowed me to get my investment back and keep a decent position in both. glty
sorry about the response time...been traveling the country all summer and most places didn't have service.
maybe they're working the sp down to the nsm conversion price then they do the s4v
hilarious
i'm a believer. I was able to get in yesterday morning @.39...so now I'm just waiting on the inevitable dip that happens every time I buy on the pinks...to buy some more. I know what you're talking about. I have a friend that bought ACBFF in 2016 below a buck/sh and sold it about a year later at around 9 bucks a share. yup, it's gonna be a modern day gold rush. and it's just beginning. jmo