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BINGO continuity ! I sure wish we had a top-flight legal team looking out for escrows.
Thank you, Jamie Dimon ! Enjoy the billions pilfered from WM retail investors. Sad, sad, sad ! Sure hope MONICALAW, Large Green, AZ and other optimists are on to possible reparations coming.
The way I understand those 117K shares would be divided by 1.2B. Which doesn't leave much per share. Certainly not anything close to F and R.
But MONICALAW, is it only this,""Class 22 commons will receive about 117K shares of COOP to be divided among the 1.2B common shares released, essentially that distribution will be inconsequential for most retail holders."? Happy New Year to you !
hotmeat, I'd be surprised if even you would not admit this is NOT Fair and Reasonable for those that released, "Class 22 commons will receive about 117K shares of COOP to be divided among the 1.2B common shares released, essentially that distribution will be inconsequential for most retail holders." If this is indeed all there is left for Class 22, shouldn't Susman and others be held accountable?
With the bankruptcy closed, why can't there be an official release about the escrows situation? If escrows will not be getting any further distributions, at least make it official. So we are not "left hanging". Who would be an official that could give guidance on this important matter?
I just can't believe that the newco shares already awarded is what constitutes F and R.
Is A and M still managing anything WM-related?
Wouldn't it be nice to hear from Bonderman on this? Doesn't his hedge fund have a bunch of Class 22 escrows?
I have trouble believing that's what the hedge funds had in mind as "Fair and Reasonable".
At what point would the hedge funds that are in Class 22 start "raising hell" about not getting "Fair and Reasonable" distributions?
That does seem like a good description of what "Fair and Reasonable" could encompass. Now the KEY would be if the amount distributed to those who released qualifies as "Fair and Reasonable".
Who should be subpoenaed, if needed, to address what was meant by "Fair and Reasonable" and if it was delivered? How about Susman, for one?
So are the releases "null and void" if it can be proven that those who signed didn't receive "Fair and Reasonable"?
stoxjock, stay on top of this. I like the way you are thinking on this. They must be held accountable to "Fair and Reasonable" for the releases.
BINGO stoxjock, "NOW, "IF the above doesn't happen, the according to Contract Law, our 'Releases' are NULL & VOID! So, we go to S&G, at that point, at ask them WHAT EXACTLY Did we Sign our Releases for and of Course, Bill Kosturos & MW will have a 'Lot of Splainin' to Do as to What happened to WaMu Assets".
MONICALAW, are you expecting some official word on Class 22 escrows sometime in January 2020? Are you still optimistic that there will be Fair and Reasonable distributions for Class 22 escrows commons, eventually?
wamugold, that's exactly why the powerful hedgies should be pressing the FDIC on escrows now that the BK has closed. It's time for some answers.
PickStocks, I'd prefer the hedge funds research it. They have the resources to do something about the lack of "Fair and Reasonable".
If NO "Fair and Reasonable" like was said, maybe it's time for the lawsuits to commence. That may be the only way to get "Fair and Reasonable".
I agree, I don't see any roadblocks anymore.
Seriously, who should actually know what's really going on with Class 19 and Class 22. Shouldn't they now be accountable to provide a status report? The bankruptcy case is no longer an excuse.
There doesn't seem to be a need for "the veil of secrecy" anymore. Classes 19 and 22, FINALLY, need to know what's going on one way or the other. Who should be "in the know"? It's time to ask them some direct questions about the fate of Classes 19 and 22.
Large Green, I appreciate your analysis. It looks like you are saying commons will be participating in the distributions 75/25. At least for part of the distributions.
Large Green, then does it look like Class 19 will be getting all of the "spoils" and nothing left for Class 22?
hotmeat, so you don't feel Bonderman and Willingham will be getting anything in Class 22?
I thought Walrath was supposed to have kept shareholders "in the game" as a result of the Thoma revelation.
MONICALAW, please elaborate on this, "This BK11 CLOSURE AND CONCLUSION WAS BETTER THAN THAT I DREAMED OF allll these Years." Also, "jocol as well". Please spell this out for me. lol.
MONICALAW, I hope you are indicating something positive in my "CLEVER". lol By the way, you are a treat.
Are Bonderman's billions in his Class 22 escrows investment going to be simply be "wiped out" by the, arguably, "fair, just" attorney, Rosen? After all these years, I don't feel Bonderman is "going down" without a fight.
My bad on the date.
Did the BK close today? If not, why didn't it?
MONICALAW, I don't quite understand this, "the AMOUNTS AND CONTENTS OF OUR WMILT WILL ALWAYS REMAIN ANONYMOUS AND UNKNOWN."
Are you saying, they will just show up in our brokerage accounts, unannounced to us and the public? Meaning, no public PR specifying the details of the distributions. How will we know, individually, beforehand how much our individual distributions will be? Or will we?
MONICALAW, are you concerned about any possible "shady activity" that could deprive escrows of the distributions that you seem to feel pretty confident about?
MONICALAW, if the BK closes on 12/19, when do feel the Class 22 fate will be revealed?
thanks ron. so the way I understand it, common escrows is in Class 22 along with Bonderman.
Does anyone know if Bonderman is a Class 22 participant? I think I remember seeing a while back that he is in Class 22. I'd appreciate getting that confirmed.
Boris the Spider, does Bonderman have all of that 7.5 Billion invested in a Class 22 recovery?
If nothing more for escrows that would support "Fair and Reasonable". There will likely be litigation for a false claim that influenced the pivotal signing of the releases. If that would be the case, it appears to me that some past entity would be liable for a possible misleading statement.