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DIRECTOR OWNs 2.9 MIL SHARES https://www.sec.gov/Archives/edgar/data/896747/000149151920000003/xslF345X03/primary_doc.xml
13. Distribution Reserve Accounts and Delayed Equity Distributions
The Plan provides that certain distributions may be delayed while contingent, unliquidated, or
disputed Claims are addressed. Pending the resolution of such Claims, a portion of the property to be
received by holders of Claims or Interests may be deposited into various Claim distribution accounts
described in the Plan (including the Non-Obligor General Unsecured Claims Reserve and the Obligor
Claims Reserve, but for the avoidance of doubt, not including the Professional Fee Escrow). The property
that is subject to delayed distribution will be subject to “disputed ownership fund” treatment under section
1.468B-9 of the Treasury Regulations. Pursuant to such treatment, a separate federal income tax return
shall be filed with the IRS with respect to such accounts. Such accounts will be liable, as an entity, for
taxes, including with respect to interest, if any, or appreciation in property between the Effective Date and
date of distribution. Such taxes shall be paid out of the assets of such accounts (and reductions shall be
made to amounts disbursed from such accounts to account for the need to pay such taxes). To the extent
property is not distributed to U.S. Holders of applicable Claims on the Effective Date but, instead, is
transferred to such accounts, although not free from doubt, U.S. Holders should not recognize any gain or
loss on the date that the property is so transferred. Instead, gain or loss should be recognized when and to
the extent property is actually distributed to such U.S. Holders.
Page 66/135
http://www.kccllc.net/windstream/document/1922312200401000000000004
IMO, common equity gets cancelled per the plan, but equity interests will be preserved during pending of claims processing.
Thanks for the info, ofcourse i strongly believe BS role in this and the AUM's under them grew too fast.And IMO, they were the designer's of the POR .JD buddy is BS ceo.
WaFd = Wa.u+Fd.c?. I do not know how those trusts work, there is involvement of Deustch bank as well.Are they loaning the assets to WaFd and Deutsch bank as Custodian of the trust and WMILT as beneficiary?.
Night...its a legit source i do not want to share it here.
I disagree based on the condition of the market.Its uncertain.It wont be a recovery like a straight V, it might take some time when they find a cure,so it would be like U.
COOP or banks or technology or housing or retail..etc they are needed by the society rightnow.Society needs something else whcih COOP cant produce.
No i dont have a link.
They all have same address but the other trusts are pointing to WaFd Bank.Check the websites.And WMILT was registered with SEC as a bank.
SEC
0001545078 WMI Liquidating Trust
SIC: 6036 - SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
INTERESTING hmmm....
WMI Liquidating Trust
800 5Th Ave Ste 4100
Seattle, WA, 98104-3100
King County
United States
www.wmitrust.com
Washington Mutual Mortgage Pass-Through Certificates, Wmalt Series 2007-Oc2 Trust
800 5Th Ave Ste 4100
Seattle, Washington, 98104-3100
United States
www.washingtonfederal.com
Washington Mutual Preferred Funding Trust II
800 5Th Ave Ste 4100
Seattle, Washington, 98104-3100
United States
www.washingtonfederal.com
ABMC STATED "MATERIAL IMPACT" DUE TO TEST SALES.
ABMC 100% AMERICAN PRODUCT, NOT FROM CHINA.
https://www.facebook.com/AmericanBioMedicaCorp/
https://www.nbcnews.com/health/health-news/unapproved-chinese-coronavirus-antibody-tests-being-used-least-2-states-n1185131
Unapproved Chinese coronavirus antibody tests being used in at least 2 states
Some Chinese-made COVID-19 antibody tests being used in the U.S. were not approved by China's FDA. China has now barred their export.
EVERY ONE DO THIS TO AVOID VIRUSES
GARGLE WARM WATER WITH SEA SALT TWICE OR THRICE A DAY, WHICH MIGHT HELP KILL THE VIRUS BEFORE IT GETS TO LUNGS.MIX 8 OZ WITH 2 TEA SPOONS SALT.
"In cell culture models, DNA, RNA, enveloped and non-enveloped viruses are all inhibited in the presence of NaCl"
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6355924/
ABMC can produce millions of kits, how?.
Customer preorders for kits by paying the full amount.
They deliver the product in 2 weeks.They can use customer's money to make a kit.Its as simple as that.
GRANTOR TRUST: As discussed below (see Section VIII.C, “Tax Treatment of Liquidating Trust and
Holders of Beneficial Interests”), the Liquidating Trust has been structured to qualify as a “grantor trust”
for U.S. federal income tax purposes. Accordingly, each holder of an Allowed Claim, Subordinated
Claim or Equity Interest receiving a beneficial interest in the Liquidating Trust will be treated for U.S.
federal income tax purposes as directly receiving, and as a direct owner of, its respective share of the
Liquidating Trust Assets (consistent with its economic rights in the trust), or in the case of the holder of
an Allowed WMB Senior Notes Claim, as a direct owner of a fixed undivided interest in the
Homeownership Carryback Refund Amount. Pursuant to the Seventh Amended Plan, the Debtors or the
Liquidating Trustee (as provided in the Seventh Amended Plan) will in good faith value the assets
transferred to the Liquidating Trust, and all parties to the Liquidating Trust (including holders of Claims
and Equity Interests receiving Liquidating Trust Interests) must consistently use such valuation for all
U.S. federal income tax purposes.
After the Effective Date, a holder’s share of any collections received on the assets of the
Liquidating Trust (other than as a result of the subsequent disallowance of Disputed Claims, or the
redistribution among holders of Allowed Claims or Equity Interests of undeliverable distributions) should
not be included, for federal income tax purposes, in the holder’s amount realized in respect of its Claim or
Equity Interest but should be separately treated as amounts realized in respect of such holder's ownership
interest in the underlying assets of the Liquidating Trust. See Section VIII.C, “Tax Treatment of
Liquidating Trust and Holders of Beneficial Interests,” below.
Pursuant to the Seventh Amended Plan, holders of Subordinated Claims will receive their
contingent Pro Rata Share of Liquidating Trust Interests and their Claims will be extinguished. Holders
of Preferred Equity Interests (including, without limitation, each holder of a REIT Series), Common
Equity Interests (including Disputed Equity Interests to the extent determined to be Equity Interests or
Allowed Claims subordinated to the level of Equity Interests) and Dime Warrants (to the extent
determined to be Equity Interests or Allowed Claims subordinated to the level of Equity Interests) will
receive their contingent Pro Rata Share of Liquidating Trust Interests and the amount of Reorganized
Common Stock allocated to such Class, subject to the provision of the releases described in Section 41.6
of the Seventh Amended Plan, and their Equity Interests or Allowed Claims will be extinguished.
http://www.kccllc.net/documents/0812229/0812229120109000000000015.pdf#page=170
Page 404
If the Seventh Amended Plan is confirmed by the Bankruptcy Court, the holders of Preferred
and Common Equity Interests that elect to grant the releases set forth in Section 41.6 of the
Seventh Amended Plan will receive, as more fully set forth below:
• Pro rata share of 200 million shares of new common stock of Reorganized WMI and the
right to appoint a controlling majority of Reorganized WMI’s board of directors.
Reorganized WMI will be capitalized with $75 million in cash, a $125 million credit
facility, and other assets.
• Liquidating Trust Interests that may generate cash recovery for equity holders in the
event all allowed claims and postpetition interest claims on allowed claims are paid in
full.
• Representation on the Trust Advisory Board that will manage the Liquidating Trust.
• Majority representation on the Litigation Subcommittee of the Liquidating Trust that will
manage certain litigation brought on behalf of the Liquidating Trust and its beneficiaries.
There is no other report.
I am not concluding anything.Read for yourself and come to your own conclusion.All i am saying is read.
Read the disclosure statement about 'Delayed Equity'.
NOTICE OF UNCLAIMED OR NON-NEGOTIATED DISTRIBUTIONS
http://www.kccllc.net/documents/8817600/8817600200414000000000001.pdf
JPM raised $11 Billion before acquiring WMB thru P&A which is not closed YET.Now its trying to raise around $210 Billion, wow greed has no limits.Are they cooking their books?.
LOOKS LIKE JPM IS WAITING TO GRAB SOME COMPANIES ON THE CHEAP,IMO.
They shipped 44 thousand test kits to Hillsborough county,FL.That is just one county and imagine total counties in USA and they announced that they are ready to go "GLOBAL".
Several Million kits they would deliver and its materially effective on the sales as they announced.
Float is 19 Million, very very rare in OTC and in non OTC too nowadays.
IN ACCOUNTING Shareholders’ equity
common shares and
retained earnings
AMERICAN MANUFACTURER & GOVT VENDOR.
Here is what posted on their facebook page
https://www.facebook.com/AmericanBioMedicaCorp/
"What a week it has been! It seems COVID-19 testing options are becoming more and more suspect. Does the test work? Who is the company you are trying to do business with? Are they who they say they are? Here’s our advice....
Do your homework on both the test and the Company. Is the technology sound? Is the Company registered with any government agencies? Do they have medical device clearances and are they subject to FDA audits.
The answers to the homework questions are ALL “yes” if American Bio Medica is the Company you are considering! Give us a call 800-227-1243 or email us at info@abmc.com.
Stay safe and be kind to one another in this difficult time."
GOOD FIND.ABMC IS THE ONLY COMPANY TO PROVIDE COVID TEST IN THE LA LIST,WOW.
What if a kit outside US is faulty and gives faulty results by design?.Does it help?.I dont think so.It will help spread the disease.
THIS IS THE ONLY AMERICAN MAKE
"What a week it has been! It seems COVID-19 testing options are becoming more and more suspect. Does the test work? Who is the company you are trying to do business with? Are they who they say they are? Here’s our advice....
Do your homework on both the test and the Company. Is the technology sound? Is the Company registered with any government agencies? Do they have medical device clearances and are they subject to FDA audits.
The answers to the homework questions are ALL “yes” if American Bio Medica is the Company you are considering! Give us a call 800-227-1243 or email us at info@abmc.com.
Stay safe and be kind to one another in this difficult time."
https://www.facebook.com/AmericanBioMedicaCorp/
READ BETWEEN THE LINES, "DELAYED EQUITY" THE DISCLOSURE STATEMENT
LOL.
CCNNN FOUND CELEBRITY COVID PERSON IS BACK IN ACTION IN FEW WEEKS,WOWOWOWOWOW
NOW THINK, IF YOUR FRIEND LIKE "McKESSON" IS ONE OF THE LARGEST GLOBAL DISTRIBUTORS WHO WOULD YOU TALK TO FIRST CONTRACT WITH?.THEY ALSO MENTIONED THEIR DISTRIBUTOR IS IN PLACE ALREADY,SO SILENTLY WITH AROUND 35 or SO MILLION O/S.
IS P&A A "PURCHASE CONTRACT" ?, LOL.
IN addition, ABMC IS WORKING WITH A WORLDS LARGEST DISTRIBUTOR McKESSON ON 64 DIFFERENT PRODUCTS.
ABMC announced that they are getting ready to sell "GLOBALLY"
INSIDERS BOUGHT SHARES RECENTLY.
FDA result nearing.