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I’m not holding my breath considering the history here.
Yes. That is them. There normally should be a path toward conversion to common stock but apparently the company is making no effort to do that.
Do you happen to know which statement you saw that in?
They haven’t responded to my email.
Yep. I emailed the company to ask about possibilities for conservation of the series B which are essentially worthless, but no response. Not a good sign.
What's the deal with the series B restricted shares I received years ago after the massive R/S? Is the company ever planning on allowing us to convert them? or do they plan on keeping them useless forever?
Has anyone provided an acceptable answer to this? Any verifiable evidence the DTC has a record of anyone?
"LG, I'm not sure how the distributions will happen in 2020 Q1 if our escrow CUSIPs diasappear from our accounts after judge approves bk closure at end of December."
Makes sense to me. The only question is, once the bankruptcy is closed, will legacy equity be among those that information in intended to be hidden from? Will we be on the inside or the outside? Not to be negative, but all indications to date point to outside. Seems an option to extend the time frame regarding preserving the records should be available if nothing happens after the closing.
"If the records go poof in a year, so does legacy equity's ability to get answers if nothing comes forward and possible legal recourse. I have lost all faith in the LT because one does not seek to destroy records if one has nothing to hide."
No disrespect, but how are you so certain?
"I don't understand why posters are harping on this issue about markers/cusips being cancelled. I am certain that some other mechanism, either is or will be in place to guarantee that any money hidden behind closed doors will find its way to their rightful owners."
Your doubt and cynicism make perfect sense to me. We all know that there are nefarious posters on this board, but what we don't actually know is just how deep it goes. I would love to believe AZ or CSNY, or any other pro equity advocate, but who really knows. I often think that there is a very well coordinated Special OP running behind the scenes of this board with the intent of keeping us all guessing/hopeful/confused while they move, steal, and make everything out of reach until it's too late.
I posted a question a few days ago and never got a response. I would love any knowledgeable opinion. What legal recourse do we have if after the bankruptcy is closed, nothing comes back, and escrow markers/cuspids are no longer in our accounts?
One very simple question to you LG or anyone that can answer without subterfuge: What legal recourse do Timely Signed Releasors/Investors have if number 3 does not happen?
"3) assets within the DST will be returned to WMI Escrow Marker Holders when the BK cases are closed."
Great Question. Has this been answered?
"How do you “Check Up On Your "DTC Election Accounts?”
Hi AZ! Thanks so much for all your efforts. I am a lurker who appreciates what you do a lot. I try to follow the board, but most of the information presented is unfortunately outside of my area of expertise. What I do know however (without a doubt) is that there is a clear attempt by several here and on other boards to promote propaganda and misinformation, as you said. My question to you is what has been the agenda? Is it only about controlling the stock price? There are those that promote high returns, those that promote low/no returns. It seems it's a clear collaborated effort. Just not clear on the agenda and desired outcome. Would love yours or anyone else's input on this. Thank you!
Thank you for that! Can you offer your opinion as to why the person you relayed this information would have iterated something so entirely different to CSNY? That would be much appreciated. Thank you.
Not really. If you could just answer HM's questions, I think I a lot of this could be put to rest. I think they are valid questions and it would be helpful to hear your response.
"Re your conversation with B. Rosen could you answer the following via a short summary of what was said.
1) Did you ask him about possible WMI owned residual Trust interests (Safe Harbor?) that could return after the bankruptcy is closed?
2) The likelihood of Equity being compensated from estate assets?
3) Any idea how/why the person with whom you spoke could have totally mischaracterized your conversation when it was relayed to CSNY???"
Great question. I hope someone can answer.
I called McKenzie Partners and asked what this was about and the man on the phone said it was in error and perhaps the rep got his wired crossed. Very weird.
Has anyone with a Schwab account been successful moving escrows into a Roth? I tried with fidelity ira and couldn’t, but I also have small position with schwab. Any success?
Can anyone enlighten me regarding escrow markers 525ESC711? Any prospects for a recovery?
Does anyone know what the exchange rate for newco shares will be if Dimeq is classified as equity?
Here's the article you're referring to:
http://news.businessweek.com/article.asp?documentKey=1376-LVDZC507SXKX01-53FDT6STR4PRVU9B7CRTDL62J0
Not sure, but he told me that he checked the most current list and IDGI wasn't on it. I did not try to sell, only buy. I actually just transferred out of zecco to another company anyway. Not taking any chances with having to pay any large fees with any of my stocks.
I placed a buy order for 1000 shares at the bid and it was accepted, subsequently canceling the order.
I just contacted Zecco and they verified that as of right now IDGI is not on the DTC in-eligible list. You will see that disclaimer on the zecco site every time you place a limit order under $1, it is a warning.
I use Zecco, so its Penson. I have gotten the warning or disclaimer, but my test order was approved. Just want to know if IDGI was added to the DTC non-eligible list or not. I don't see it on there.
My order was accepted. Can you paste a copy of the email you received?
Are you talking about the non-DTC eligible list? I don't see IDGI on the most current one???? Are you sure about this?
https://www.zecco.com/forms/known-non-dtc-eligible-list/downloadform.aspx
RYMM
The "BIG" play
Really when? Volume started this morning when other group announced it. No frontloading that I saw. Nope no frontloading.
which post are you referring to?
IMHO, the photo was perfect. I just don't see all the ulterior motives discussed here. When I read the article, which I thought was great by the way, it really seemed to depict an "ordinary guy" a real underdog if you will, who went up against enormous powerhouses and accomplished something extraordinary, changed the course of one the biggest bankruptcies in history. The photo is perfect, showing a regular guy. I agree with the other poster who said if the photo was of a guy in a business suit, it wouldn't have the same impact. It's the whole Main Street vs Wall Street thing. It's perfect!
William, I thought that they were only given a deadline about whether or not they were still going with POR 6+ or with POR 7, not that it would be filed by the 17th? Sorry, did I miss something? Did they say that it would be filed by next Friday if indeed POR 7 is moving forward?
Lawrence, that is where all the confusion lies. Can equity/the LT go after JPM/FDIC? I think many here believe that the LT is only free to go after any non-released third parties and will not be able to pursue claims against JPM/FDIC. This is where there needs to be more clarity.
what reform are you referring to?
yes I did see that. I was actually referring to the
"inquiries from numerous other major retailers that intend on purchasing INCA swimwear"
wonder who those major retailers are???? Very exciting!
so sorry for your friend and his family. Horrible horrible horrible. My thoughts and prayers are with them.
It came out on the newswire with the EGIL symbol.
Is EGIL being acquired? Just read something on briefing.com that NX Quanex is buying edgetech for 107M. Is this right?