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FDICks, are very much involved and a Major Instrument in this Huge Scheme.
You’re Welcome.
Thanks Large. I do not tire reading Dr. A filings.
If I remember correctly WMI Fsb had a $10 Billion Transfer and another $10 Billion to be transferred the following year Approved. Where is that money? Hmmmm. Not to mention, the Remainder of those Cash Assets.
Jhd, I think someone or some people KNOW there is Value coming. Over 10,000 Contracts 3300% above of the average. That’s not by happenstance.
Strike, I reiterated what was once news and if the powers that be scrubbed that information then that’s beyond my control. Just like I mentioning the Escrow Shares even if Canceled and some money comes back to the Estate the one who once held escrow shares are still the Beneficiaries Holders of the cancelled shares. This was once on Investopedia but after I mentioned it here it was removed! Amended on July 2021. I know TD’s offer was the Topic of Discussion back in 2008-2010. Many Ole Heads can confirmed it happened. Bbanbob, Ghost, Goodie, MiaDad, SargentofArms, WithCats, Bopfan, Inca Tupac, just to name of few.
I didn’t claim anything, I simply reiterated what was news back in 2008. New York branches through Florida. Wells Fargo was in Discussions also. Also, a lot of the information that was available back in 2008 is not available any longer. Rather than trying shooting the messenger why don’t you look into the message and see where it takes you.
My Claim? Lol!
Thank you Bbanbob.
Going Down the WMI Rabbit Hole led me to 0000933136 001-14667 WASH Washington Trust Bancorp. Anyone else?
Still, they got into a fake Negotiations, Low Balled the share price, meanwhile in Conversations with FDIC to Buy WAMU at a Fire Auction and telling Othet Institutions to back off of WAMU because they were buying it. TD Bank alone offered 50 Billion for a Quarter of the Bank. (Just the East Coast Branches.) Yet the FDIC thought $1.888 Billion Dollars in Reinstatement Fees and Bankruptcy was a Better Deal for WAMU and it’s Shareholders.
Split, thank you that makes total sense. I was wondering what happened and where did it go. Now I have a lead. Thank you so very much.
Ron, I’m not sure what they did with it or where did it go but I did find this information.
SEATTLE, Jan. 18, 2018 /PRNewswire/ -- WMIH Corp. (Nasdaq: WMIH) (the "Company") today announced that it has completed the dissolution of its wholly-owned subsidiary WMI Investment Corp. ("WMIIC"). Earlier today, WMIIC filed a Certificate of Dissolution of WMIIC with the Office of the Delaware Secretary of State. The dissolution of WMIIC was effective immediately upon the filing of such certificate.
Prior to September 26, 2008, WMIIC held a variety of securities and investments; however, such securities and investments were liquidated and the value thereof distributed in connection with implementing the Company's Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code. As such, WMIIC did not have any assets or operations at the time of its dissolution.
You are Correct, Bbanbob! I’ve been waiting for that information also. Since former management pulled a Sears Ed Lambert on Us.
Naked Brand Management bought and took the Company Private for less than a Double Cheeseburger at McDonald’s.$2.08 for Both Fredrick’s of Hollywood and Bendons and Their Subsidiaries and what did you do? You Took it up the Ass like a Champ and Did Nothing! No one has done anything! So as far as I’m concerned you’re a FknFool2!
Call Attorneys Firms
Call the SEC
Call the FBI
Call the Attorney General
These Foreigners Hustled The shareholders of their Assets without True Compensation.
Management Cooked The Books for their Favor and Self Gains and Sold the Assets to Themselves.
After milking the company and Lining Their Own Pockets!
Not to mention, No Debt but Frederick’s of Hollywood all of a sudden had a $10,000,000.00 Million Dollar Loan that got paid as part of the Acquisition Agreement. So management got $10 Million Dollars and the All of Naked Brand Group Assets. Oh let me not forget, they also have the NAKD Ticker. Why?
Timing is too coincidental with the closing of wmilt on the same day. People are making sure their ATM machine remains full.
ItsMyOption, Documentation is better than Conversation. It seems to me Doreen is a Professional Lair. Kosturos is Well involved in All the Dealings.
Justice, I believe there would be a Spin Off before a Sell Off. Isn’t that what the Preferred did back in 2007? Maybe that’s the way they’ll maneuver to put the Equity Interest Earning Corporate Structure back together again. Say that 3 times fast. Lol Anyway it goes it’s still will be Profitable for those shareholders still holding for 15 years. The one extra year is for a hypothetical wait if announce this year it would be around the 3rd or 4th quarter to close the first or second quarter of the following year. Still I believe there would be a Spin off and we get shares of the new company and somewhere in there is going to be the inclusion of Paladin and the Old Estate. I Just don’t know how exactly but I’m sure they’re Exclusive Members and the New Guest Of Honors.
Just my Opinion.
You thinking that’s it’s not plausible is ludicrous to me. I’m opened minded and think of any and every possibility and outcome. That’s why I’m Alive today because I thought of the worst and had to become it it to remain Alive and Survive!
Large, the stock went up $7 because 83% of the Institutional Investors were also on the call when Jay Bray mentioned that Coop is valued at or around $50-$52 per share not including Xome’s value and that information hearing it straight from the horse’s mouth got Institutional Investors Buying more.
Wow! Newflow, I relived that moment in time like it was yesterday.
Yes, all that is true and facts, but there’s a word play here. Mr. Kosturos didn’t have a hand in Washington Mutual Bank and its affiliates but WMI Inc is a different entity and I think he was appointed trustee during the beginning of the bankruptcy.
4 Appointment and Acceptance of Liquidating Trustee. As set forth in the Confirmation Order, the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq., as the same may from time to time be amended, or any successor statute (the “Trust Act”) to serve as the initial Liquidating Trustee under the Plan. The Liquidating Trustee shall be deemed to be appointed pursuant to Bankruptcy Code section 1123(b)(3)(B). The Liquidating Trustee accepts the Liquidating Trust created by this Trust Agreement and the grant, assignment, transfer, conveyance and delivery to the Liquidating Trustee, on behalf, and for the benefit, of the Liquidating Trust Beneficiaries, by the Debtors of all of their respective right, title and interest in the Liquidating Trust Assets, upon and subject to the terms and conditions set forth herein, in the Plan and in the Confirmation Order. The Liquidating Trustee’s powers are exercisable solely in a fiduciary capacity consistent with, and in furtherance of, the purpose of the Liquidating Trust and not otherwise. The Liquidating Trustee shall have the authority to bind the Liquidating Trust within the limitations set forth herein, but shall for all purposes hereunder be acting in the capacity as Liquidating Trustee, and not individually.
She omitted the Truth. Still a Lie!
So any Libor recoveries go to a Charity and not the shareholders. Is that right? Wow! We really got phuck ED with the so called Fair and Reasonable. What a waste of my time.
Thank you for sharing. I really do hope it happens this way, but I’m at my wits end and cannot take the constant disappointments anymore. If it happens it happens if it doesn’t then, oh well, I already mourned the Loss.
Still thank you for being a Beacon on this Board.
Civil, deep down I too really hoped so, but I came to the realization when my escrows instead of being revalued and paid, they were considered worthless and removed. I know the last Wmilt’s filing it stated, that once the action took place and considered worthless. This is where it gets confusing because it states there after that LTIs are then given for equity interest holders, but I’m not sure because I haven’t received any notifications and I don’t believe the Trust is going to be the sole holders of the LTIs until the Wind Up/Down. Also, it states that it stops at class 18 and no other class. Class 22 only gets what’s left in the DEE. What I found strange is that Class 18 and Class 22 got settlements, but Class 19 is not even mentioned and to my understanding Preferred comes first before Common. Again, I hope I’m wrong but after 14 years of Disappointments, I’m not getting my hopes up anymore only to be let down once again when the so called date of distribution is comes and goes. I don’t want Fancy anything, all I want is to change the Poverty Cycle in my Family. Getting paid for my Escrows would’ve gotten me there sooner.
XXX,XXX.(UQs)
XX,XXX. (Ks)
X,XXX (Ps)
I wasted 14 years with the same Escrow BullSheeit. I had enough of the next week, next month, next quarter, next year, next 3 years with (3) Year extensions, before Wmilt closing, now it’s after they close. More Bullsheeit! Period. WE GOT FAUKED! Accept it and move on. We have a Greater Chance seen Zombies resurrect from the Graves before we witness any money or shares coming back to Escrow. If I’m wrong good and we get paid better. I hope I’m wrong but 14 years and there’s no change in the Tune, No Money for Escrow. You really think 4 Hedge Funds commits insider trading and is going to give up the riches of the company they committed a Felony for. We Got Phucked! This is a Corrupted System with a Corrupted Government! Phuck Patriotism.
Stop already! You’re not going to receive no more of what you already gotten! Our settlement was shares in the new company that’s it. Equity interest rights outside of Bankruptcy was given up during the releases. In order to receive shares you had to sign a Release and in doing so you gave up Equity Interest. We got Bamboozled! There is nothing coming back to Escrow! Face the Reality and Facts and move on!
Trade, I too believe, we are Not going to receive more of what we already received. They restructured it to the point that we received Reverse Split Shares a fraction of what we owned and “Debtor in Possession” continues with the Equity Interest Earnings from the Former Assets of the assets. Also, we gave up any and all Equity Interest outside of Bankruptcy, it’s in the Disclosure Statement. We just were blinded and bamboozled by many Moles here on this Board. Now we wait for Coop to start Telling as Planned.
Cwg, I think sidedraught would be able to help. He has a lot of saved documents.
My ex is gone because of my 968 and now my 968 are gone just like my ex. Took my value and now is gone! Lol!
What in the world? How can I find out more about this? Thank you.
Bill, good morning, which documents are those if you don’t mind me asking? I would like to know if I read them too. Thank you. Such a confusing time. Any information that is share is very much appreciated.
Well if Creditors were paid in full, who is left for them make a Final Distribution to? Hmmmm!
You get a phone call from your brokerage and your response is to get on a message board rather than calling them first. That doesn’t make any sense. Rather than post your speculation why didn’t you call and get the facts. Again that doesn’t make sense.
They called it, “PROJECT ECLIPSE” for a reason.
No, but I always wondered, why did they change the interest rate after bankruptcy from 7.75% to 6.895%
Infinit, is this for real or are you being sarcastic? I’m asking for a friend. Lol
Bear stern did not go into bankruptcy. They were bought out for $2 a share and then after shareholders uprising they got an additional $8 for a total of $10 per share and I would expect it to be paid in cash as a Tender Offer.
Now, the Bankruptcy is officially closed and Litigation Trust is Officially closed and winding down on or before March 31, 2022. Big chance the FDIC will be closing the Receivership soon there after.
I guess is one Plan for each Bankruptcy.