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let's hope coop shoots into the hundreds of dollars per share then.. that is the only way we will see some 'fair and reasonable'.. considering the whole escrow thing has been a dud 7+ years after signing our releases
that's what we'd all like to know.. maybe it's time we ask Susman now that the bk's wrapped up.
i'm just bringing up the 'low end' number that has been discussed over the years.. 10B is considered a base for many.. though after last week's court hearing.. the chances of even seeing that seem remote and unlikely.
let's hope so.. i'd be happy if 10 billion came back and we can all move on..
maybe only the hedge funds have leverage to push for the payments (if any).. since presumably they have insider information
a couple more weeks I guess until its final.
hopefully not Christmas 2020!.. I don't think anyone wants to wait any longer at this point..
Now that the bk is closed. Is there anyone we can ask to check whether the pittance of wmih turned coop shares is in fact our F&r? Susman? Is this the outcome the original equity committee had expected?..
I hope you are right because last Thursday the wmilt stated they don't even have records of class 19 folks anymore.. hopefully the new year will shine some light on what has been a sham so far..
Quite possible . The hedgies got a special deal and preferred treatment..
The question is when?.. everyone is so tired of waiting.. hopefully ealry in the new year.. I'd be take FV for the preferred any day now .
Problem is we don't know what and where the assets are.. or at least it hasn't been made public . We need tangible proof of assets before we can even dream of receiving our purported fair and reasonable..
I'm sure they managed a boatload on assets.. unfortunately all that info is likely in the redacted documents that the people in charge never want be to be exposed to the light of day..
Who's the corporate parent then at the moment ? Whatever kosturos represents ?
They will probably write a pointless blurb bashing the escrows, say they worth nothing . And that the FAQ is updated just to appease everyone.. pretty pointless
How much would that work out for each dime share?
I agree with you on this point.. it sure seemed like BR went along with it just cause .. like 'fine' they can keep it..
That would be a good a question to ask them..only way the coop shares would be fair and reasonable is if they start lifting off to a 3 figure price per share..
Maybe. I'm sure they had it at one point. And then decided to 'lose' them.. what a revelation eh.. at the end of the bk..
There definitely has been a lot of redaction.. now with the BK closed.. can the redaction be lifted for the public record???.
Yea how could they not have class 19 records.. then what was the point of us giving releases and agreeing to POR 7 all those years ago
and bonderman is going to take the knife and just keel over? or is something else going to happen now that the BK is closed.
unfortunately markers only good for shares..
yup.. and the court doesn't seem to care.
think of how ridiculous it is.. $84k is equivalent to just over 3 days of BR's 25 hour days.
WMI assets.. I suppose what wasn't gifted to JPM (which was probably the bulk of it).. was transferred to the WMILT.. to drag this case on for almost a decade..
and the court never questioned him.. look at how much visa shares are worth now..
wonder what is holding up kosturos now..
and.. now.. where's our fair and reasonable? unless COOP skyrockets to $500/sh tomorrow..
yea.. it sounded conditional..
I guess is he even relevant anymore? sounds like class 18 happy with their return.. all that leaves is 19 and 22.. to whom Rosen has been hostile to over a decade.. BR's job should be done now?
no billions were promised to us today..
well BK is closed now.. next time BR talks.. will his tone be different?
why tell us there was ever proof to begin with then...
soo.. do we think there will be a path forward in the coming weeks... any more 'milestones'.. or does our waiting game just restart and continue
yea.. it would be nice to see some proof.. if possible..
not sure if 1% is that big a indicator..
Hopefully all our speculations will be out to rest in the coming days ..
I recall that too.. the first time Alice presented her case in court earlier this year.
Logically there would be at least 10B then? Why else would the UW agree to move to a lower class with less guarantee of return..
It be nice to see a list of anything after the bk closes..especially a list of assets !