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difference between Chpt. 7 and 13 (SORRY 11 is for individuals not corps)
One is COMPLETE LIQUIDATION(Chap 7)wiping out everything and selling off assets and wipes out shareholders
One is a reorganization (Chap 13)to rebuild SOMETIMES leaving shareholders involved
all imho
P.S. It would make very little sense for the co to have filed an 13 only days ago now this fast to be even looking at a 7 imho
Latest 8K pretty much sums it up imho
WMI Holdings Corp.
(Exact Name of Registrant as Specified in Its Charter)
Washington 001-14667 91-1653725
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1201 THIRD AVENUE, SUITE 3000
SEATTLE, WASHINGTON
98101
(Address of Principal Executive Offices) (Zip Code)
The people that wrote in to the DEA are as well most likely the very ones that are screaming at the time this is taking!!!!!!!!!!
And they are the ones that have imho caused much of the additional time it's taking here
ALL WERE told or warned NOT to do this and I for one think this was probably instigated by an VVUS backer
LINK? or BS and illegal BS at that without an IMHO
Thanks ya should have let him do it!!!!!!!!!!!
Looked it up when it happened YOU DO THE HOMEWORK
SEARS went in a matter of months from BK to shld and as high as 120 plus $$$$$$$$$$$$ you know it I know wanna find it LOOK IT UP
HEHEHE like maybe themselves via one or more of their 27 hedge funds that operates under their corp umbrella
jmho
"What am I missing here that people believe that the new company has hidden assets other than the initial funds given by the court?
From my understanding of BK, it would highly improbable that assets of the estate would be turned over left with the new company."
Case in point
SEARS BK's SHLD emerges from the ashes.
If you google hard enough you can even find comments from the judge in that case that paraphrased says HOW EMBARRASSED he is about his handling of the SEARS BK
Stranger things have happened than what has happened here at WMIH so far
NOBODY had to do squat if they didn't want to
Not saying they were great choices buy you could elect to participate or opt out seems like only one SMART CHOICE just in case right
If he has a cert I'll give him 50$ for it
not unless he has em in his acct now he doesn't and never will
I held 100% K's XXX,XXX of em and I got shares sorry.
Many here were warned if you're gonna hold share in a BK co at least move up a few rungs on the ladder
Curious do you currently HOLD SHARES in WMIH?
Does WMIH trade and is it sitting at .74 as I write this?
Had equity vanished or been extinguished as it is in MOST BK CASES what would you have in value today ????????
SOMETHING my friend is NOT NOTHING
Half full or half empty just saying
sorry never mind found it
How or where then is the iggy button
Question do I have to be a paying member here to ignore a poster? TIA
may be long but inpatient
so sell your shares if this is eating at you this much ya gonna have a fkin stroke or your wifes gonna leave ya or kill ya...........want a warm fuzzy feeling get a puppy.
Heck go play with that baby instead of sitting her bud they GROW UP FAST
GEEEEZ son get a grip I mean really seriously you are all but over the edge NO WAIT you are over the edge
or ready to release anything
granted we have NO NEWS but by no means does that indicate
NOTHING IS GOING ON that is my whole point.
Set if and forget it and don't fret it is what it is or aint what it aint but continued TRASHING of something you hold makes very little sense to me.
why would there be NEWS at this point?
Not suggesting this at all but they could currently be in final steps or doing ANYTHING and it aint news till it's
news correct or am I missing something here.
If you were not sent notification and filled out the proper paper work you probably have nothing.
Do you show shares in your acct currently for WMIH ?
If you were not contact its your turn to contact say like YOUR lawyer
Don't mean to cast neg at all but CHIT IN ONE HAND WISH IN the other and see which fills faster.....
All I know is I'll be here to see WTFH's
ANd HOSEN and the HEDGIES can kiss my royal red Butt if they thunk I am going anywhere
you sure are consistent is that better
heheheh you are a die hard I have to give ya that,why don't ya just say he took SS a check
sorry wasn't meaning the BK case but the investigatory aspect with GS currently going on
PR's are the source to show this is an OPEN ongoing case
YOU DO UNDERSTAND that lawyers much prefer to settle case than litigate them don't you?
Hey just grab a chair
not according to those in the court room,he left all cocked full of himself and came back with his tail tucked, ask any that were there
And exactly why there is an LT set up here.
Sorry but nothing in the legal field moves fast.
I was in a court case for some 8 yrs against an insurer of mine
TRY this on for size it had nothing to do with the BK!
Civil and BK are two totally seperate things and criminality outside the BK is not a BK COURT problem
What was in the sealed doc in court ,sure busted ROSEYS bubble what ever it was
One can surmise that if for sure has nothing to do with ARNA going out of business.
Now another thing is that those shares would have been used IF ARNA NEEDED to raise money earlier,it now appears since we have gotten milestone payments they no longer need any fund especially with DEA scheduling about to happen.
Honestly believe its a non-event but one that shows good things overall about the company and it's financial condition. all imho
Investopedia explains 'SEC Form 15'
When a company files an SEC Form 15, it usually means one of two things. It may mean that a company is ceasing to exist in a publicly-traded form, either returning to privately-held status or going out of business altogether. Alternatively, it may mean that a company is simply canceling a certain class of securities, replacing them with another class.
Read more: http://www.investopedia.com/terms/s/sec-form-15.asp#ixzz2LjHB8A1C
And from day one any here that know me from 08 KNOW I have always said THE US TREAS will cut the check here not JPMC
TO GET AS FAR AWAY FROM THE SCENE OF THE CRIME AS POSSIBLE!!!!!!!!!!!!!
I did
Best piece of advise I can give any here
SET IT AND FORGET IT PERIOD!!!!!!!!!!! this will do what it is gonna do and if your here you get it if not ya dont
I said IMHO call your broker or CPA for the real skinny
IMHO you received something of value in lieu of your old shares.
So unless you sold imho no you can NOT clam or file a tax loss