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So the release we signed in 2012 is not enough. We now have to call Rosen? Am I reading that right?
Do I need to still hold the original released COOP/WMIH shares to see any payout from the UQ and PQ?
Esc shares now gone from Wells Fargo account!
Still showing in my Wells Fargo account.
So the pre-holders suffered a loss without actually selling...how does that work?
Any suggestions on how I would confirm the WMILT has my current address?
I believe $25 is the face value for preferreds. If anything comes back to equity they will get paid in full before commons get a dime. However, that can be changed as it was in the WaMu bankruptcy.
Uh, yeah, the facts as you see them.
Didn't Walrath exclude the examiner's report? Something about it being based on unsworn interviews and the EC not being able to test the validity of the report.
Every time I read these letters (I've read them at least a dozen times) I'm amazed that there is still any doubt in the valuation of WMI. Here is a professor of finance with a specialty in valuation of assets who has experience working with the FDIC saying that based on cash flow data publicly disclosed by JPMC, the legally admissible value that WMI equity holders have is $145.5 billion (drop mic and walk away). If anybody can comment, with any authority and credibility, about the equity value of WMI it's Dr. Acharya.
The way I understand it is it only pertains to WMIH shares you were issued at conversion. Take the number of shares you were issued (not any you have bought or sold) at conversion multiply by .007 and that is numbers of additional shares you should get. I believe they should show in your account Monday, don't know if that is at market open or after close. Might be completely wrong all of this is a little confusing!
AZ, I would like to read that response. Where can I find it?
It's filed with the 3.1A.
Think it's been like that for a while, but couldn't say how long.
My Wells Fargo account shows WMIH as NASDAQ-OTC, maybe we're headed there.
Is the BOD required to release a statement when the deal is signed?
I put in a 3000 share buy @ $2.58 and it starts climbing to 2.70
I voted a couple of days before the deadline.
I use Wells Fargo and both P's and U's are locked, can't trade either.
Market was closed today.
I look at that chart every day Michael, it's my desktop wallpaper. Do you think Maxwell will present those same numbers in court today or have they changed since December?
Beat me to it. That's what I was looking for. Your always on top of everything Catz.
Nelson has mentioned that figure twice. The last time was at the confirmation hearing along with a flowchart that had all the numbers broken down titled "Potential Assets of the Estate". I'll see if I can find it and post.
Probably a stupid question, but I still don't get it. How can Rosen pursue approval of a plan that has been denied. Didn't Walrath sign an order denying the POR. Can she now renege on that?
LEHM is one of the MM's.
This will get us into Hartsfield(Atlanta)in a big way. Been talking about that for years.
I like point 41: The JPMC team has already drafted and is prepared to issue subpoenas should any third parties be unwilling to produce relevant documents voluntarily.
Yeah...go get 'em!
Rush kicks off thier tour in Albuquerque next week, I've got seats right up front, cant wait.
Googled, read, signed and sent.
Thanks rainbow that's just the answer I was looking for.
Yes, my initial question was what happens after that date if there is no resoulution. According to ABIGHAMMER they just file an extention and move on.
Thanks for your help.
I read it again, don't see where it addresses the 18 month deadline. Perhaps you could point it out to me. Sometimes I'm a little slow.
Thanks for your help.
18 months is the limit for BK in DEL. That's March 26th. What happens if nothing is resoved by that date? Is there an extension and things keep rolling along until resoultion.
There may need to be a hearing on the motion to intervene before she can sign off on it. That would explain the delay. Any of the more legal minded know?
A lot of people are making that call. I think if there is then tomorrows hearing would have cancelled 1st.
Nothing, Mondays hearing was cancelled.
ZR-1....'nuff said!
Thanks for the correction roach, your input is always appreciated.
Your Prostate Specific Androgens??? What does that have to do with WAMU? lol
Yeah, I know. No apology necessary.