Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Let’s just hope it is billions and not millions.
Who cares. That is peanuts. We are looking for the trusts were there should be billions.
This AZ’s opinion but others think because shares are cancelled the distribution would be 75/25. Honestly I don’t know who is right. I have both P and Q so I take my chances. AZ though does a lot of good research and diligence.
Not at all. At that time nobody new exactly how this would work out so I made this choice.
Thanks AZ. The big question still is how do these trusts get distributed. Based on what we own, i.e. CUSIPS or is there some other distribution scheme? How do all these trusts know about our CUSIPS?
Wrong. Without the split 75/25 nobody would be here. Everybody had the chance to buy some preferred, I did and have commons also.
On E*TRADE it shows also the quantity of CUSIPS and they equal the number of shares converted.
Same amount you had before.
I am not disputing that shares were cancelled.
Yes but we who signed releases got escrows showing the exact numbers of shares we had cancelled.
AZ thanks. Don’t we also have some money due from the FDIC?
We should hire the guy that was the trustee to find Bernie Madoff’s money and that guy reported weekly what was going on.
Has been bothering me for a long time. Why can’t we find a rat that talks . The White House is full of leaks and we can’t find anyone that tells us the truth. If the just tell us how much has accumulated, who or what is holding it up.
10 year rule unfortunately not correct. See post 533224
If that is the tell then I assume within this year.
Most of us in this B.B. do but can’t find the bread crumbs that will lead us to any escrow payments so far.
Piers are impaired by design.
What BS. I have both, more P’s though.
What U as a lay person can’t understand why don’t we make a deal, pay off CL 17 and 18 and even the stupid employee claims with moneys coming to us a class 19 and 22. I wouldn’t mind to give them Mil. 300 if we can get the releases.
Don’t forget AZZ is tracking some of them, maybe he has an idea
The question I always have is who is holding the distribution back, the court, the waterfall rule, etc. Someone must control the spigot.
You answer and that is it.
Yes I got that but one can buy Wmi shares any day so I did not get what you wanted to say.
Sell what? Can’t sell escrows.
Understand tranche 5 = class 17 has to be paid first and understand this will happen soon. Then it 18, creditors and then 19 and 22. What I don’t get it why has this any impact on WMIH. Isn’t any money from the Trusts going to Escrow?
What holds it up to be distributed to us escrow holders?
And how is WMIH going to benefit? Aren’t the releasing escrow holders the beneficiaries? If WMIH wants to make a deal with us that is another story.
I know. Nothing I can do. The good news is that I have nearly 2400 escrow P’s.
My idea was to use the spare money from escrow to buy more WMIH
When I asked where all the monies are going I got the following answer:
Quote
To those Entities That Are Listed On The SEC Site’ ~
I’ve posted these documents and the links to them, numerous times in an effort to help everyone ...
unquote
So if it not escrow holders what do we care.
This thing is totally messed up and why are the institutional holders of Escrows not doing anything or show any interest and aren’t most of the BOD members also holders of escrows?
Is AZ really saying this?
Paid to whom?
I know but the way I hope my withdrawal tax rate will be the same as today and I do have some Escrows in a Roth. Thanks for the message.
Don’t agree. Once you withdraw from an IRA you pay income tax and with what we anticipate we are in a high bracket. Capital gains tax is lower and once paid no income tax on your withdrawals.
Thanks. Got it partially. Where do the escrow holders fit in when now WMIH is the successor and all the money we escrow holders have been waiting for 10 years is going directly to them. At least that is what your post implies.
Why would WMIH profit from our releases?
I must agree you are really doing a lot of DD.
I know what I own. CUSIPS for class 19 and 22 like most of us. I know you have class 16 but you are most likely one of the few. What we, 19 and 22 want to know how much is coming our way and when.
What do we have to watch at WMIH?
Not saying WMI-LT runs the show how do this Trudy know how much is due ever CUSIP holder. Don’t they have the master list and what au never understood if all those moneys accumulate in the thrusts someone is controlling the spigot and thus telling them to release.