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Looks like there is less retail than institutional investors in this stock for retail shareholders to comment on message boards.
Invest in business that you can understand.
This was from Sargent
As long as your release is recorded by March 7th you can do it. Check with your broker and confirm that they can settle the trade and record the vote by the deadline.
Thanks. At this point we don't know what else we have except for the 200 million number and future litigations/NOL?
found this from yahoo board...what happens to all the patents? Do they get transferred to JP Morgan or stay with the new company?
Did you look at all the patent/patent applications in the POR? On pdf pg 546/767, it lists the "Patent/Patent Applications" that were ""transferred"" to JPM. It's part of Exhibit "W", Transferred Intellectual Property, pdf pg 538.
Under Patent Applications, there is one listed "on appeal" as:
"SYSTEM FOR AUTOMATICALLY TRANSFERRING ACCOUNT INFORMATION, SUCH AS INFORMATION REGARDING A FINANCIAL SERVICES ACCOUNT"
On appeal 11/332,651 01/13/2005 3696
Since Rosen has GIVEN so many WMI assets to JPM under the veil of the 363 Settlement "sale", I wouldn't put it past him to push this one over to them also for no financial consideration to WMI.
And his answer sounds like he's urging me to do it, if I can.
Actually I had asked the same question to Edgar Sargent and here is what it is..
Dear Edgar,
Is it still possible to buy any WAMUQ/WAMPQ shares and grant releases and be counted for distribution of new company shares OR 02/09/2012 is the date of record and none of the transactions after 02/09/2012 will be counted? Thank you.
As long as your release is recorded by March 7th you can do it. Check with your broker and confirm that they can settle the trade and record the vote by the deadline.
My apology if this has already been answered but
Has anyone bought any WAMU shares after 2/09 and were able to grant releases and their shares were locked? It has been 9 days since 2/09 so I assume someone must have tried that. Thank you.
After a lot of speculation and what not- this is a relief for all those who have been involved in this case. Now there is a direction- either for good or for not so good but certainly not as bad as being wiped out.
TPS seemingly has gone for a bad deal with 5% and $50 million and lawyer fees. But is this a bad deal in the long run? Why they went for 5%?
So, does it mean that if commons get nothing, dimes also get nothing?
You and radium- (I don't remember others who actively did) but you guys were so specific and cautioning everyone in the board on what the likely outcome would be (70/30), and I guess most didn't want to hear or didn't dare to take action. Thanks a lot for the contribution.
From what I remember from hearing the audio of DIMEQ hearing, Judge had specifically asked whether the 8 or whatever percent was to be shared with commons or whether it was to be shared with commons after final judgement on 70/30. And she was told, DIMEQ would be getting 8 percent irrespective of 70/30. And she said- OK.
When JMW has found the GSA fair and reasonable TO KEEP JPM/FDIC SAFE- you think she'll leave the commons out of the picture to again sue JPM/FDIC? At this point, wouldn't it benefit JPM/FDIC for if commons get something out of this plan? Just curious?
Page 11- How much voted by 19/22
Total Ballots Received By the Voting and Election Deadline
Accept
Number Amount Number Amount
Class 19 – Preferred Equity Interests
N/A
$4,068,010,409
(62.16%)
N/A
Reject
$2,476,176,496
(37.84%)
Class 22 – Common Equity Interests
N/A
1,407,712,742
11
(97.17%)
N/A
40,992,342
(2.83%)
N/A
1,174,529,894
12
(96.65%)
N/A
40,759,146
(3.35%)
N/A
1,716,169,296
13
(97.65%)
N/A
41,300,818
(2.35%)
Many documents ordered today.
Thank you. Something I found. It may be out of context for many, but I thought I should share..
http://www.nolo.com/legal-encyclopedia/bankrupt-customer-pursue-payment-29574.html
It doesn't matter what the judge could have done in the past, the settlement we have now grants no less than 95% ownership to existing equity holders, including all "hidden" assets (if any) not specified in the Plan of Reorganization.
Can they publicly hide assets? No legal trouble from people who sold the shares or didn't buy the shares after reading the inaccurate plan? TIA.
Normally, what can be hidden and why?
I guess people become too sure that they're getting their expected return- no matter what.
quick question to experts- we've been talking a lot about merging with a $200 million company and then with $400 million and then with $800 and so on to take the full use of NOL.
Is there any other bankrupt company that did the same in the past and became a winner? TIA.
Now that the shares are locked, its a good idea to go hunt other stocks.
Mistyped.
WAMU.C2
WAMP.C3
WAMP.C2
WAMP.C3
If you submitted your ballot yesterday expect to see that by Friday.
Ok thanks.
We can also confirm from Sargent on the same.
Answer from Sargent to a very general question - perhaps nothing new to most--
I am a shareholder since 1 year ago and have been following this bankruptcy case closely and also listening to court sessions and reading any materials that appear in KCCLCC. You guys have done a magnificent job in the trail as well as responding to any other parties like Debtors. AAOC or TPS. Thank you for that.
With IT as bait used by all parties to reach out the settlement -- equity committee and your firm strongly suggests to vote for the plan. Do you strongly feel that voting "yes" for the plan is the best thing to do at this point? Once we get out of bankruptcy, can we still litigate AAOC for IT? I remember in the last court hearing, you were fully supporting the hedge funds. And about NOL - I believe NOL is what the value of the new company be determined by. Is there a plan in place to use the NOLs?
Yes, I believe this plan is the best chance for recovery by shareholders and I support it.
No, if the plan is confirmed, equity holders would not have claims against AAOC for insider trading.
There is not yet a business plan in place for the reorganized debtor and its NOLs. No such plan can be created until a board is appointed. A business plan will then be developed and implemented by that board. It is our expectation that the board will seek to use the NOL as a source of value for the new company.
Please let me know if you have any additional questions,
Edgar Sargent
you can go to the nearest office, have them print it and you can fill it up and give it back to them.
Received WAMPQ ballot by mail. Haven't received the ballot WAMUQ.
If it keeps dropping, I'm going all in next week after selling my APPL gains.
Gonna wait till the last min to submit the ballot.
There is another 1 for 2000 dollars.
Sargant or someone from EC might be here with someone name.
Susman billing - one line item....
12/28/11 E.G. Sargent 11 Reviewing emails and message board
posts from shareholders.
0.80 $400.00
Exhibit A.
http://www.kccllc.net/documents/0812229/0812229120126000000000015.pdf
You wake up early. I see your first posts around 6 AM. In East Coast?
Its gonna go down hard..if not tomorrow..in few weeks..read the court docs..
But this board perhaps represent less than 5% of the total market cap.
if true, this is not a good thing for any. Everyone's talking about coming out of BK and merging and using NOLs...but you're the first one talking about how difficult it can be to merge. This may become a painful investment decision for many.
what are the other tickers for EK? Anyone care to share? For example, preferred, junior note, etc? I can't seem to find. Thanks in advance.
The judge wanted to make sure what 30% meant for commons. Whether 30% of 70% or 30% of 95%. And Rosen again said 30% of 95% was in the plan unless court alters for any other reason.
I think there will be change in split as you mention, if prefer voters say no to the plan.
AAOC wants TPS request for documents denied. Together, they say they provided more than 60 thousand pages of documents.
http://www.kccllc.net/documents/0812229/0812229120118000000000005.pdf