No money,just a few penny's added to the money the crooks owe us.
God forbid we get our money before X\mas.

NO Piers Distribution November, 1st 2018.
Rosen can't commit to the Nov 1st distribution until the court case is resolved, hopefully Thursday. That's why it was called a "special distribution" by Rosen. Hopefully it will be made in the first week or so of Nov.

I just read on the WMIN board that hearings for the employee claims will go on till the winter of 2019.
I guess the lawyers are still hungry for more fees as this thing has really got my goat.
The people who had less than $500 worth of PIERS were the smart ones as they have been paid off long ago.

I also have escrows,and PIERS, but I wonder if in my lifetime the PIERS will be paid ?

I really don't understand how they can get away with this?
Quite a while ago holders of PIERS with under $ 500 value were paid off. It would seem to me that a lawsuit is in order to question that move as it is not reasonable to the other holders who are now it appears to be out in the cold for a long time Dec.2019 ?
Wow, this is unfair,and I guess it fits into the rest of this 10 year saga.

Your post is 100 % correct.

{ now that the litigation has all been put to rest }
I don't understand. What about the employee claims ?

My escrows markers are in my Roth account. Any money I get from that account is not taxable as I have met the age requirements for withdraws.

That is the reason I no longer hold WMIH. I feel it is only good if the escrows get paid. If that happens then I don't need to double dip.
If escrows are a bust then at least I won't be upset with a purchase of WMIH.

Can you imagine how much money the law firms have sucked out of this whole case ? I think Rosen was getting $1100 a hour,and it appears he billed days at 24 hours a clip. The judges seem to go along with whatever these crooks ask for.
Any wonder why most lawyers are hated.

Got my Nov. statement today. Usual crap.A few bucks in interest. This is really getting old.

Thanks General.
Glad to see someone is looking at this board.

Hello, is anybody there ?
Rumor is PIERS may be inpaired, whateever that means ? I think the problem is the employee claims. I thought there was more than enough to pay those bums off. I say bums because it is the top brass of the co. who are looking for their golden paracutes.
Any thoughts of you guys ?

Well you did not answer my question,but instead scolded me for being a PIERS holder. I also own P's,and K;s so I'm not as dumb as you think.BTW I really have a thick skin so your comment did't really bother me.
Keep up the good work on your DD,and maybe you can answer my question which really is ( when will my PIERS be paid off ?)

Ok so PIERS is impaired.
( PIERS claimants have basis in the Liquidating Trust.)
So how does PIERS get paid ?
No matter how you cut it they are ahead of equity, yes or no ?
This is very confusing to me. Anyone who had less than $500 was paid in full. How can the rest of PIERS holders not get paid what is owed. It seems like a lot of talk about PIERS, but no one saying if,and when they get paid.

I wonder how many people really know how the shorting of a stock pans out ? Every share that is shorted must be bought back to finish the trade.This is how shorter's get burned when they have to cover in a rising market. If I like a stock I think I'am happy with big shorts in play.
I'm not talking about the concerned efforts in play in the case where JPM ,and others killed Washington Mutual. This shorting has been going on for quite a while,and not the same thing.
Bottom line is if WMIH is a good company then the short people will get killed. If they are right they will make money.
To blame the stock performance on shorter's is not looking at the big picture. Either WMIH is a good deal for investors or not is the bottom line.

Yes that could be the reason for some people. I am surprised I did not think of that.
( they didn’t release and want to make everyone who did feel like they’re idiots to think something is coming back. )

I think a lot of the negative posts concerning the escrow markers are just a case of people not getting their hopes up. They feel if they say nothing is coming back then they will not be as disapointed as people who have high hopes for a life changing payoff. This whole business has me going nuts hoping for a miracle.
I really feel there is a good chance of a huge return. Some real smart cookies on the other board seem sure we will be paid off with some big money. For now I will hope for the best,and expect the worst. As another poster said " till I see my markers are gone from my brokerage account I still have hope ". Since mine are in a Roth I really will rake it in. ( no tax ).

Wow, I hope you are correct. Thanks for the DD

( BUT I HAVE ALWAYS CONTENDED that for historical purposes and to make this look halfway legit for the FDIC to have seized,that the H's would need to be impaired )
I have heard this reasoning before. First off there is more than enough money if they want to pay off the employee claims,and still pay off PIERS.
Please explain to me in more detail as to why there is a need to make this look halfway legit ?

Quite a while ago PIERS holders with under $ 500 were paid off in full.
I think the reason that was given was it would save administrative costs.
That makes sense,but going forward how can the remaining PIERS holders not also be paid in full ? In the past it was posted that Piers may not be paid ( inpaired ). To me this makes no sense.

Yes you are right.Maybe some of this complaining will stop for a while.
Meanwhile I am still waiting for my PIERS to be paid. They have more than enough money set aside for them. I guess the lawyers won't let it go as they are feeding like pigs in paradise.

I really like the way you spelled things out. I now have a better understanding of the whole matter.
The key here that most people should realize is the Safe Harbor issue. I think it all comes down to that.
Thank you.

{ it could be that Piers final payment MAY NOT be made and leave Piers impaired.}
If billions are coming back why in the world would PIERS not be paid
the few millions they are owed ? Last I looked they are ahead of the P's,and common.
I like most of your DD,but I have noticed you always bash the PIERS. I know you feel the hedge fund guys wanted to steal everything,but their plan failed. No reason to have a hard on for the PIERS people at this late date.

You say the next leg is Settling" WMB Bank Noteholders (the Tranche 5 Class 17 WMB Bonds.
I am not disputing you,but does not PIERS(class 16 have to be done first?
Thanks for your DD.

Concerning the final payment for PIERS. Does anyone have an idea when it will be paid off? I'm not talking about the runoff notes as I know when they are going to be paid.
All this talk about the LT's, well PIERS need to be paid before they get to that class.

Try the 19th

The first thing I will do when PIERS is at last paid off is to delete this board.I'm so tired of looking here,and nothing going on.
All this talk on the other related forums is about the billions coming to the LT. Well they will wait with their hats in their hands till we get our long awaited payoff.
Of course I hope they are right as I have enough markers to set me pretty for life.

I wish the balance of my PIERS 16 account would get paid off. The lawyers are keeping this going for the huge fees they are raking in.
As far as the 13% bonds I am happy to keep them. 13% is hard to beat.

You are lucky. I have not seen anything deposited in my E-trade account so I guess when I finally get home I'll find a check in my mail.
Hopefully with the good news on the bogus claims we will get paid off in full soon.

How did the payment reach your Roth ?
Did you get it in the mail,and then send to your Roth Account ?
It would be nice if it went direct to your Roth.
Last time I got a check in the mail,and had to send it to my Roth. I'm away from home for quite a while so I imagine it was again sent to my house.

92936PAB6090 - WMI HLDGS CORP SR 2LIEN P/C 07/01/16 @ 100 13.00% 03/19/2030


92936PAB6090 - WMI HLDGS CORP SR 2LIEN P/C 07/01/16 @ 100 13.00% 03/19/2030

Which one is to be redeemed ?

Also I'm thinking Aug.,2016 will be the final payment for the PIERS.
anyone care to comment ?

I understand your hopes for a big payoff on your escrow shares.I hope you are right as I also hold some.
What I don't understand is your hate for PIERS ? PIERS holders know they are getting only the $10,and change.Nothing else is expected.
I hope you are not going to explain the hedge fund people who tried to steal everything.That is water over the dam.

You are a gentleman,and a scholar.
Thank you so much.This PIERS business has me upset as I can't figure out why they don't get it over with.I hope now I will see the light from the site you gave me.

Need a little help. I notice that any posts I put up concerning PIERS are quickly gone. Would someone please give me the location of the PIERS forum?
As far as this board I hold some escrow shares,and am hopeing for the best.

Any word on money for PIERS ? I thought Feb 1st was mentioned on this board.

A newsletter called Seeking Alpha has written 2 or 3 articles giving bad comments on IAG. They have really hurt the price. They also did the same thing with WHZ. Each time the price dropped. Many people feel they are shorting the stocks they try to knock down.
No matter in the long run if gold keeps going up then IAG will also move up. My dream with this stock is for the dividend to be reinstated, and then it is Katy bar the door.

Anyone have any idea when PIERS will receive their final payment?

Nice to see the share price move up, but who would buy the preferred issue after the way the preferred's got the shaft in the WM BK ? Yes I understand the convertible advantage. If you owed them ,and the company went belly up would you trust the judge to do the right thing? Myself I will never trust a BK judge again.

Thanks so much.I looked at first, and it had 0 payment,but then I checked the total of the position, and you were right it showed a increase. You saved me a call to my broker.