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BigBang, I agree. I think we should set aside a day of prayer for God to bring this situation to an end quickly.
I pray that you are right about the money flowing. If it's there it should be flowing now all it should take is for someone to give the go (whatever it takes; sign some papers)to let the money flow. Everything is dead silent.
This is unbelievable. What the heck is going on with this company? Very distributing especially when there is no communications from the CEO.
How many millions did he get for this? Someone needs to be fired and they need to return the money. geeesssshhh!!!!!
Kate,
A big distribution for who?
Why are we continuing going over POR 6 & 7. This is done finished. Good grief we should be discussing when are we getting paid. My goodness who cares about what has already happened and done with. Is there anybody on this board that's doing the talking can tell us when DO WE SEE THE MONEY!
Well I say they should rush to close this out as soon as possible before the roof fall on their heads. Greed will cause you to do some weird things and I think this is what they have caught themselves in....a bit of greed.
Nosch....well stated. It's so frustrating. Ten plus years is enough and the Judge is obviously in on the entire situation. This should have been closed years ago. The way I see it our only hope is God.
I agree with you dennyduper. After all this knowledge and information that has been published on this board you would think that someone would know when the money will start flowing. There is not one person who seem to understand the process know this answer. I think we have had enough education on the process which apparently is not correct because nothing is happening. 10+ years is enough....frustrated.
LG, Do you have any idea what could be delaying Kosturos in releasing?
RD...I doubt it. It's nice to hope though.
I think the longer the delay the more people will find an opportunity rather right or wrong to file like AG or do something. People are angry and when you're angry sound reasoning is gone. If you ask me it would behoove them whoever it may be to pay us and close shop asap.
It's sad when people start reaching for anything they can to support payment to escrow. We keep rehashing the legal process over and over again. If you look at the legal process everything points to payment that should be happening but it's not. That means someone is keeping the money from flowing or there is no money to pass to escrow. It's been established by AZ that the money will not come from LT but from someplace else. Surely things are not been held up because some attorney wants to benefit financially. I think there is a missing link in the process or as I have already stated there is no money to pass to escrow.
Ron,
If you don't know for sure you should not publish this type of information. You get people's hope up and a big fall when it doesn't happen. So if you don't know then don't publish a date of distribution or make sure you state that this is your date and it's just speculation. I'm so sick of these dates being put out on the message board which just deepens the frustration of many especially when we have been waiting for 10+ years. After this length of time we need FACTS.
Hi AZ,
This question is not to put you on the spot. There are many messages concerning the flow of the escrow process and how and where the payments will come from. If all is in place for the payments to start...what is holding up the payment flow? It seems that something is preventing this from happening that may be we cannot see or know except for if there is no money to pass to us. Thank you
Yeah....me too and many others. So tired of hearing about 75/25 to the end and the rest of the crap. Just end this NOW!
Pickstock,
What are we waiting for?
AZ,
When will the money start flowing? It's been 10+ years. All other questions are being answered but not this one.
Ok...already. I have read the same discussions for months. "WHY" and "HOW" have been discussed to the point that it's ridiculous to continue posting this information. The question now is "When will the money start flowing and how much?" Can somebody answer this question?
Z..it's obvious no one believes you and I don't either. Why don't you give us more information as to what it states this is for then may be you will have believers.
Amen to that statement....
LG...when? Everyone is talking about what should or will happen but no date. When? I'm ready for my money.
Me too. My job ends the end of April.
Well Rockie...I'm waiting too and I'm sure others are also. It's amazing how people get so hyped on speculation as if it's fact and only a few question "when" will the money start flowing which of course no confirmed date.
AMEN Again!! The people who are posting about how much we get and how and why need to include WHEN. Enough is enough of all the research and information...it means nothing if you can't tell us when the money is coming. I could give names but you know who you are.....
Do you really think they care what we think or what we know. These people will do what they want in order to benefit their pockets. They are all cut from the same cloth. Even Rosen laughs at escrow and he is suppose to be on our side has stated more than once that there will be nothing left for us. These guys are vultures ...stripping all they can for themselves and leaving very little leftovers. Unless you know someone that has a heart to do the right thing for the little guy I think you are wasting your time and jeopardizing the possibility of prolonging this agony. Just my opinion.
Good question but I don't think anyone will answer you on this. Good Luck..
2221...How do come up with this?
Thanks AZ for your response. So when the LT has completed their waterfall distribution and we should start seeing distribution action for us at the bottom.
Hi AZ,
I'm sure you probably have answered this so I apologize upfront. If you will not receive from the LT then why aren't you receiving the monies now?
Everyone is focus on the waterfall from the LT but if you are at the bottom of the waterfall it seems to not matter. What matters is what is flowing outside of the LT. When does that take place? Will it be immediate after the LT complete the distribution?
I just want this to be over. I have "Q's" and it seems that since we are at the bottom of this waterfall I'm assuming we have months and possible years to see if there is any money for us from the FDIC. It just seems to take so long for the wheels to turn in this legal system.
Royal,
I don't understand why you keep posting such information. It has nothing to do with escrow.
Thanks AZ...
OK. I admit I'm confused....so where will the billions come from?
Go to message 557011 for the calculator.
JB3136,
I'm just as confused as you and hope that some answer your question. Even though certain ones are giving their viewpoints based on their DD I don't think no one can firmly say for sure as a fact that this is where the money is and this is how we will receive it. I don't think anyone knows for sure and for me it's heartbreaking to read all this and there is no guarantee of any money coming to us thru LT or any other organization.
Where is Apollo. He's always pushing ATNM. I guess since ATNM is not doing so well he is missing in action. If and when ATNM turns around I hope he stays missing.
BBANBOB....True....I think about NATE and how he stood for what was Right and brave enough to make that stand all by himself. I wish Judge W had the same in her for if so this would have ended long ago.
rp2012881...She has not changed her opinion. Where is this posted by her?
SAPer below is a post from CSNY responding to a poster.
CSNY Reply #304 on: October 09, 2018, 06:04:30 PM »
The FDIC will unfreeze many seized assets, including MBS certificates owned by non-banking entities.
There's no question that the WMI enterprise owned MBS certificates above the residual tranches. (This was validated by the Senate report, the link to which I've posted ad nauseum.) We've all seen the FDIC's -- not WMI's -- auditors' two balance sheets (one for WMB and WMBfsb, respectively) indicating $36B in MBS (this figure does not include the R tranches as they're not valued until all senior tranches are paid). The FDIC claims those banking entities -- exclusively -- owned those MBS, but that's their story, which in my opinion was to cover their avoidance powers argument should matters ever reach litigation. When the LT's representatives settle with the FDIC they'll be characterized differently. Some may be characterized as WMB/WMB fsb so that they can go to satisfying R debts. It really doesn't matter. What matters is negotiation, resolution, and what is handed over to the LT.
There will be a substantial recovery and, yes, that $40B figure is valid -- and conservative.
Posted on boardpost on 11-26-2018 by CSNY
https://www.boardpost.net/forum/index.php?topic=13446.0
*************************************************************
Topic: Rosen's Statements About Recovery
Someone shared something with me today and I'm passing it along as I don't view it as confidential and I've redacted source(s).
In my opinion, Rosen would never deviate from the official lines that:
(a) the R’s waterfall has a deficit and nothing more is headed there; and
(b) the LT’s waterfall isn’t getting anything either. He has nothing to lose by lying and plenty to lose if there’s a breach of confidentiality. Also, he would be crazy not to assume the conversation is being taped.
My position on the future of legacy equity is unchanged but I'm providing the following so people can judge things for themselves.
"Disturbing news my friend....
Anonymous had a lengthy phone conversation with Rosen today.
Rosen is aware of the message board banter and said money coming to escrows is pure fantasy. There may be a few million left in this next distribution but thats it.
He said safe harbor is also a fantasy and there is nothing there.
Now, I know we can think "he would never tell us anything anyway".
To that I would say the lawyer in charge of this would never make absolute statements like that in case the conversation were being recorded.
Hate to say it, but I think this is over.
So sorry. I know how much you've put into this.
His fantasy term was like a stake in our hearts. This coupled with the fdic letter and Delgado looks very grim.
Life goes on.
I'd love to say this means nothing, but I think it does.
Sorry to be the bearer of bad news.
XYZ"