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Newflow, There’s “the Plan,” and then there’s Amendment “Annex C.”
Large, how dare you! You only ask us, (the board audience) to ask you, how much you loved your Escrows. At times on a Daily Basis for almost 9 years. Lol!!! So confusing! SYSTEM OVERLOAD! SYSTEM OVERLOAD!! I started living your escrow more than mine. Just Messing with you. Having a little innocent fun at your expense.
Newflow, to my understanding, reorganized Debtor has a Economic Interest in certain Litigation Claims in return receiving LTIs on behalf of the Litigation Trust Beneficiaries. So the shareholders LTI are with the Reorganized Debtor.
LuckyPanda, those are just examples of Escrow Agreements. They vary from Company to Company. Every situation(Concept) is different, but the Principle is still the same. I was told by a Source, that the term is: MAGIC MONEY= Money that Miraculously just Appears in your Account.
Source: St George Financial Advisor, Retired V.P..
Better yet, who is WMITRUSTWMIHTRUST.COM? Now, that is real Suspect!
Newflow, to my understanding, when they filed that they were Winding Down and the Trust was Closed that was a False. It was the Start of The Close, “ Winding Down.” Then they Amended to Dissolve and then “ Wind Up. “ To Close and Then Sell the Assets.
Also, I this might help others understand why we signed a W-9 Form. Thank you for All of what you’ve Done. I Appreciate You!
Backup Withholding
What is backup withholding? Persons making certain payments to you must under certain conditions withhold and pay to the IRS 24% of such payments. This is called “backup withholding.” Payments that may be subject to backup withholding include interest, tax-exempt interest, dividends, broker and barter exchange transactions, rents, royalties, nonemployee pay, payments made in settlement of payment card and third party network transactions, and certain payments from fishing boat operators. Real estate transactions are not subject to backup withholding.
You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN, make the proper certifications, and report all your taxable interest and dividends on your tax return.
Payments you receive will be subject to backup withholding if:
1. You do not furnish your TIN to the requester,
2. You do not certify your TIN when required (see the instructions for Part II for details),
3. The IRS tells the requester that you furnished an incorrect TIN,
4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only), or
5. You do not certify to the requester that you are not subject to backup withholding under 4 above (for reportable interest and dividend accounts opened after 1983 only).
Certain payees and payments are exempt from backup withholding.
It’s no longer considered an “Escrow Payment.” It’s called a “Special Dividend.” Escrows were for Tracking, for those who held Escrow, hold the rights and are the Beneficiaries of those “Canceled Shares.”
All of Wall Street is JPM!
LuckyPanda, you stated, “My only concern now is have the hedge fund found a way to access those accrued interest in remote bankruptcy without us retail participation”
Now, that is my very same question and concern. So, I read and reread and reread some more. And.... I’m still reading and learning as I go along. What I did find was an Amendment to the Trust allowing Winding-Up after Dissolution.
To Transfer the Wealth. BILLIONS OF DOLLARS IN CASH ASSETS WITHOUT PAYING TAXES AND CREATING A TAX CREDIT TO OFFSET THE FUTURE TAXABLE INCOME.
Deflection and more Deflection.
Do you know what, “Debtor in Possession,” means? What are they in Possession of? What is in the Day to Day Business Equity Interest Earnings that needs to continue doing Business, that is not Part of the Bankruptcy? Answer that Question!
You failed to recognize that assets of the Assets( consisting of monies in trust) were not part of the Agreement. Just like $1,888,000,000.00 was not a Purchase Price, but a Reinstatement Fee. Both Facts: Omitting the a Truth is still a Lie! Go ahead and Believe the Lies!
Being Allowed to Survive Bankruptcy, Shareholders receiving Escrows and what are now Canceled Shares are the Beneficial Holders on Record, and are the Beneficiaries if any assets return back to the Estate. Again, Facts:
Woodstock, the holders of canceled shares are still the beneficiaries of any assets going back to the Estate. Facts:
Preposterous claims? How many people broke out in uncontrollable laughter in court when those numbers were mentioned? How many people contested that exaggerated numbers as being Ridiculous? NONE! They All Stood Shut and Mummed.
When I mentioned what was happening with WMI to my Aunt, who is a VP for at St George’s she stated, “oh you gonna get Magic Money!” Miraculously, It will just Appear!
I like your sense of Humor! Lol I had a good laugh.
Yes, we wait. I sat in my chair and ate, got fat and now I’ve moved on and lost the weight. Metaphorically speaking, I no longer sit and wait, I learned the Real Truth, Adapted, Reinvented Myself and Moved On with All of the Information I learned here, Yahoo Finance Wamuq Board and the short period at BoardPost.
Thanks to you and many others, when I open my mouth and speak, I’m one of the most Intelligent People in the room that leave other Intelligent People Impressed. Especially, coming from a “Darkie!” (To be less offensive but in real life I’m considered a “NiGeR”ian. I hear the Undertone All the time.) After being interrogated to prove myself of my knowledge and then hated for it when understand, overcome and rebuttal with Facts.
Again, thank you for your Wisdom. It helped me more than you can ever Imagine.
It’s called a GlobalCrossings.
J, before the Amendment, the writing stated even if Canceled those that Hold the Common and Preferred Shares, hence, “Escrows,” are the Beneficial Holder’s of any returns to the Estate. You’ll have to find Old Text Books for the information. Electronically it’s scrubbed. “Even if Canceled.” I opened my mouth on this board pointed to Investopedia.com for the information. “Escrow Shares during Bankruptcy,” and in July of 2021 it got Amended and Erased.
They’re not my candles. I just decipher the mathematical hieroglyphics. the Friday before on 2/4 when it closed at $38 showed the reversal. Also, when it did peak in February at $52.34 the pattern that was formed was “a shooting star” on the minute by minute candles. Maybe you too should spend more time reading “ALL” Buys and Sells, minute by minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 4 hour and daily candles All Day Long without stepping away for nothing. “All Codes,” on the Bid and “All Codes” on the Ask. Read the Elliot Wave. Decipher the Patterns “Big and Small.” Meanwhile, Harden yourself to take people’s Sheeit who think you’re full of it or be selfish and keep it to yourself because it’s less stressful than trying to convince a bunch of lemmings and sycophants. Also, my Brain computes a lot different than yours. I remember my day of birth down to my first thought, fear and trauma from that same day and just about everyday after that. So I noticed Sheeit that most do not. I study things more thorough than most. I obsess until the “Job or Mission is Complete:” I am so meticulous and Phoking Anal it’s Disturbing even to my FknSelf. Let reintroduce myself because you might have me mistaken for one of these losers and if you want I can interpret that in 4 different languages.
You’re welcome.
J, it was also in yesterday’s candle language. The most obvious was the size of the top wicks and accumulation at the lower Bid/Ask.
That’s your Opinion. You stated that the Board of Directors are a Joke. I don’t think so. If anything they’re laughing at you as they Log into their Brokerage Account. Reckless, I don’t think so. Selfish, to keep majority for themselves. Absolutely, but being a Capitalist I understand the Strategy. So, I sit and wait Patiently for Dividend Distributions in the near future.(just my opinion.)
I read the disclosure statement so thorough that I found misspelling on page 24. Bankruptcy Rule: typo: filly administered, Instead Fully Administered. So if you don’t think there’s people who can read, you’re mistaken!!! Chris and Doreen this message is for You Two.
Thank you newflow
Newflow, you stated, that it should be “Dissolve and Wind-Up.”
It is written that way in part of the Proposed Trust Amendments paragraph (42.)
42. As noted above, WMILT anticipates making its final distributions to creditors in the first quarter of 2020, leaving WMILT with funds necessary for the dissolution and wind-up
21
of WMILT (including for the potential of ongoing litigation)12 and, thereafter, for the contribution to one or more charitable organizations. In connection with such wind-up and dissolution, the Liquidating Trustee, with the full support and consent of the Trust Advisory Board, intends to amend or waive certain provisions of the Liquidating Trust Agreement, one or more of which are discussed below.
You are on it!
I believe you’ll have to find that information in an old text book because the internet has been scrubbed. Investopedia amended July of 2021. There was writing stating that any assets returning to the estate went to the beneficial holders of Escrow. Even if the shares were deleted/canceled, the assets go to the Beneficial Holders, hence, Escrow. . Unfortunately me running my mouth on this board got the writing Removed from Invedtopedia. Amended July 2021. I may have taken a screen shot but I have to look for it through tens of thousands of documents.
What’s interesting to me is in Economics 101 Preferred Shares get Settled Before Common and for some Reason Class 18 and Class 22 were Settled, Upon Winding Up of the WMILT, but No Mentioning of Class 19, Whatsoever. Why?? Not to mention, the Non reporting formed that was Filed. Why?? Why the Secrecy? I almost went into the Dark-side, but there are too many omitted maneuvers for this to be quite over.
Let Report on another interesting statement.
“The Receiver has fulfilled its obligations and made all dividend distributions required by law.”
Nightdaytrader, one day Night, one day soon(speak it to Fruition) you’re going to report of the WAMU Receivership Closing.
If that was true than 4 Hedge Funds CEO and Board of Directors would be in a Jail right now and their Attorneys would be disbarred but that’s not the case when you have the Government as a Co- Defendant, excuse me, I mean Co-Conspirator helping along!
So I guess Mr. Cooper Group is pretending to have had a name change.
Here let me refresh your memory and support my Opinion with Facts.
We can agree that WMI Inc is the Debtor in Possession,right. Now,
SEATTLE and DALLAS (June 29, 2018) – WMIH Corp. (NASDAQ: WMIH) (“WMIH”) and Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”) today announced that the stockholders of both companies approved all proposals relating to the merger of WMIH and Nationstar. Under the Agreement and Plan of Merger, dated February 12, 2018, by and among Nationstar, WMIH and Wand Merger Corporation, Wand Merger Corporation will merge with and into Nationstar, resulting in Nationstar becoming a wholly-owned subsidiary of WMIH (the “Merger”). So where did I make anything up? the Debtor in Possession never went anywhere he just changed his disguise(Name.)
Wmih holdings had a name change, Mr Cooper Group inc. Whatever was or is in WMIH Holdings is now wrapped up in Mr Cooper.
Where is WMI at? Mr Cooper Group.
You ask who? I answered who. Yet, you want to go on some tangent. M-R.-C-O-O-P-E-R- G-R-O-U-P! There I spelled it for you. Now what?
Who is now managing them? The same people who has always managed them, “The Debtor in Possession.” WMI Inc, Wmih Holdings, now Mr. Cooper Group. They never went nowhere, other than quiet. Now a lot of those assets of the Assets that weren’t part of the agreement are being Reinstated for a reason. Hmmmmm. The Debtor asked for permission to keep the On Going Everyday Businesses to Continue as Business as Usual while the 2 Subsidiaries filed for Bankruptcy Protection and Restructured. Stop asking and Start reading.
Lodas, “the judge does not allow fraudulent activities by bk petitioners, and would come down with severe penalties if caught..” STFU with that Nonsense. 4 Hedge Funds got Caught with Insider trading and “The Judge” did FKN Nothing! She Allowed It! The FDIC had a Conference back in the early 2000 i think either in 2004 or 2006 Safe Harbored Assets and Bankruptcy Remote.
They Schooled the CEOs of the Financial System, How to Hide Their Assets. Hence, Planancial Crisis. The information should be in the FOIA. Look it up.
Justice, Thank You!
Large, noticed that they changed the time for an aftermarket conference call at 4:30? The last call was at 10:00am. Hmmm I wonder if there is any Market Moving News coming out. I hope so.