Linda is biotch...! LOLz JayKay
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From memory:
Common = Class 22
Preferreds = Class 19
DIMEq = Split by settlement, Class 12, 18 and 21.
Last (portion) paid was Class 12.
imo
FYI: PIERS are Class 16. eom
It is based on the entire value put into the ROTH, not just gains. eom
You can also fund by stock from Traditional IRA to ROTH IRA. eom
He is trying to get out of his positions. eom
WMI filed BK in Sept 2008. Here is a pre-BK evidence dated February 22, 2007.
You have to understand, even though Weil also stated the same as below, they signed under PENALTY OF PERJURY in their pleadings which is punishable by LAW.
That was only an "example" ... not to be taken literally. eom
Dimeq was actually 3 parts, Class 12, 18 and 22. imo/eom
23 million.
EDITED: Opps, you found out on your own after I read a couple more messages.
If you sold most in the last rise, then I would say you made out pretty well. If is "cheaper" to get in now.
Commons, WAMUQ = 1 old share = 0.03349842 new shares - WMIH commons
Preferreds, WAMKQ {called Series K below} = 1 old share = 0.4950146 new shares - WMIH commons
Preferreds, WAMPQ {Called Series R below} = 1 old share = 19.80058 new shares - WMIH commons
Plus an interest in a litigation trust (assuming there is enough $$ that flows down to equity).
imo
Yes, if you did not "actively" provided a release, then you lost out on the conversion from old to new. Sorry.
Share Conversion happened on 03/23/12 (Etrade). eom
Only the por is valid, nothing else. CTs are not equity, they are creditors.
Imo
... because the rule only applies to equity.
Imo
Sorry to hear about your father.
I think you should here and continue to post and tell it like it is with no worries.
Good day mate.
My favorite person on the board who helps bring down the PPS. haha j/k
Please continue, it is inching closer and closer, albeit very slowly to one of my limit buy orders. eom
I have no idea what you are trying to say, but I can tell you this, the 5% rule does not apply here, nor any of the CTs.
imo
Anyone notice CRTC disappeared completely from the Lvl II ? EOM
Interesting to note, if you look at the accumulation/dist chart for the 1 month and 3 month charts, you will notice that it goes straight up.
Just an observation.
imo
This is for the two (2) other individuals who have the same security as I do which is listed in Appendix A (and may be others who may be on Appendix A, B, or C).
Notice:
http://www.lehmansecuritieslitigation.com/pdf/notices/Lehman%20D&O%20Notice.pdf
Claim form:
http://www.lehmansecuritieslitigation.com/pdf/notices/Lehman%20Claim%20Form.pdf
You have until May 17, 2012 (Post marked, so you still have time and can mail the claim up until tomorrow) to file a proof of claim against the D&O insurance (and/or other settlement) proceeds.
You have a way better chance to recover from the above rather than this bankruptcy liquidation. (I am not saying that you will, just that you have a better chance since Lehman is in liquidation. You have almost a zero chance at recovery/profit, i.e. more senior creditors of the holding co. getting an average of 18 cents on the dollars).
Thanks.
imo
Correct, but it was really Class 21, they just only settled it that way (the various Classes).
imo
... but WMIH can purchase another entity provided that they have the cash (75 Mil plus 125 M credit facility) or any other means of a creative "plan". eom
imo
... because the MM's are scaring all the little retailer into selling and the MM's are scooping them up to fill their "buyer's" orders.
That what it looked like the last couple of days with all the MM's stacked on the ASK with a tight spread. Today, it just looks different. The MM's are not stacked at the ASK and the spread is wide.
We will see how the end of day looks.
imo
No, but I got them at .62 yesterday because they were trying to push down, and some .63 today, but not even close to filling my complete order. Today seems to be less of an attempt to push it lower. Look at the spead compared to yesterday.
imo
Remember STXG???? For the WAMPQ veterans anyways. That was the MM used by the hedgies who accumulated tooooo many P's and was forced to sell by WEIL because their over accumulation of P's constituted an ownership change re: NOLs.
Well, they are now on the BID.
imo
After the classes above 16 are paid in full (with the exception of Class 17 a or b, settlement. I forget which one). I am sure the "stock" is in reserve until such time. imo/eom
No problem, glad to help. eom
$10.49 is the net proceed/balance for H (FJR) after subordination (any distribution to H is reallocated to seniors plus contract interest until seniors are paid in full).
imo
The 19.80058 conversion rate is for P. For H, you have to elect to receive shares if they are available. eom
Fishy may not be the right word or may be it is, depending on how you look at it.
The fact that there are large trades like this just indicates to me that these trades are not retail traders that is all. No retail has approx. $250,000 to trade each lot that were 300,000 / 350,000 shares.
If someone was selling, this thing would have tanked.
So, to me, I do believe that are sellers, but there are also buyers who can consume these large trades.
Seller = claims that were subordinated to equity.
Buyers = Headgies or new players.
The float is 75% institutional/Hedgies, etc.
Approx. 25% of the float is retail BUT not all of the 25% is trading. Some of that 8.xx% 25% is locked up/reserved for DIMEq holders.
Some more to of that 25% is reserved (not fulled distributed to TPS/P/K/OLD Commons) for some more claims that have not be subordinated to equity. So there is still a reserve of WMIH that has not been distributed yet.
So take out out of 25% minus the 8.xx% and X%, what is left is really a tight float.
Back to work, boss is here.
imo
Volume adjusted to 1,349,061 for the day and large lot out of sequence trades. Interesting... eom
I was told by a co-worker which I would categorize as "reliable". I don't have all the information, but I was told to check my mail. (not posted to his account, but in passing, mentioned it was a statement of some kind.)
I have no other info. I will check my mail tonight when I get home.
Others may chime in in the meanwhile if they got more info.
imo
Something fishy is going on here. No retail trades 300,000 or 350,000 shares. I always get nibbles of 1K, 2K, 5K, etc., but never anything larger than that.
Almost 1 million in volume.
Combined with WMIH did actually seek WMIH shares to be traded, someone wants them to be traded for a reason.
imo
It appears $10.49 is the payout/claim amount. Back to work for me. eom
Accumulation/dist is up on "higher" volume. This is someone's buy zone.
We will see if it closes near the opening price.
imo