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Not true. They received item 1, 2 and slated to get 85% of item 3 on or about Jan 10th.
If you bought them in the final minutes of trading, for a .05 you were rewarded well. If your purchase price was over a .25 you lost.
• Provide the releases by February 29, 2012 and receive:
1. Pro Rata share of 8.77% of whatever percentage (if any) that Common Equity Interests get under the Plan. Common Equity Interests are currently slated to share 30% of Newco but this is subject to Court approval;
2. Pro Rata share of ($9.0 million less approximately $3.2 million) on account of the allowed Class 12 Claim; and
3. Pro Rata share of a Class 18 Subordinated Claim, up to $10 million, which is currently viewed to be out of the money. ( not now see below )
* * *
10,000,000 (DIMEQ class 18) * 85 % (Rosen’s number from the call ) = 8,500,000
8,000,000 / 94875597 ( Linda’s estimate of released *) = .0895910
* https://investorshub.advfn.com/boards/read_msg.aspx?message_id=121953551
Class 21 (DIMEQ) had their markers removed years ago. The Debtors look like they control them.
32. Holders of Claims in Securities Voting Classes and Class 21 Beneficial Holders submitted their Distribution Elections, if any, on their respective Ballots or Election Forms to their voting nominees. Such nominees processed these elections using DTC’s Automated Tender Offer Program, which electronically segregated such securities into a contraCUSIP election account so the securities cannot be traded and can be traced to the electing stakeholder. This is typically done whenever a security holder makes an election prior to receiving a distribution on its claim or equity interest. Such securities may not be withdrawn from the election account after the nominee has tendered them to the election account, but if the Plan is not confirmed, DTC will, upon authorization from the Debtors, and in accordance with
their customary practices and procedures, return all securities held in the election account to the applicable nominee for credit to the account of the applicable beneficial holder.
They have to print and mail 6000 dimeq checks.
Yes for LTI it ends in class 18. Dimes get 85% recovery
As per Rosen et all, the waterfall ends in class 18 @ 85% +- recovery.
no, class 18 is class 18.
the UW had their class 18 claim moved to class 19.
no, that was class 18 seeing a 85% recovery.
Part of which is DIMEQ.
10,000,000 (DIMEQ class 18) * 85 % (Rosen’s number from the call ) = 8,500,000
8,500,000 / 94875597 ( Linda’s estimate of released *) = .0895910 per DIMEQ
* https://investorshub.advfn.com/boards/read_msg.aspx?message_id=121953551
http://www.distressed-debt-investing.com/2012/01/advanced-distressed-debt-lesson.html
Only released.
http://www.distressed-debt-investing.com/2012/01/advanced-distressed-debt-lesson.html
Provide the releases by February 29, 2012 and receive:
Pro Rata share of 8.77% of whatever percentage (if any) that Common Equity Interests get under the Plan. Common Equity Interests are currently slated to share 30% of Newco but this is subject to Court approval;
Pro Rata share of ($9.0 million less approximately $3.2 million) on account of the allowed Class 12 Claim; and
Pro Rata share of a Class 18 Subordinated Claim, up to $10 million, which is currently viewed to be out of the money.
Provide the releases after February 29, 2012 and receive:
None of the Newco Stock going to Common Equity Interest Holders (if any). My understanding is that there either cannot or will not be any Newco Stock escrowed for the Common Equity Interest Holders.
The recovery on account of the Class 12 Claim and Class 18 Claim if you turn in your paperwork within 12 months following the Effective Date.
Listen to the audio. Dimeq is getting $ for thier class 18 claim.
DIMEQ Payout ?
Pro Rata share of a Class 18 Subordinated Claim, up to $10 million
DimeQ Class 18 10,000,000 @ 85% recovery = 8,500,000 / 112,975,597 = .075237 per DIMEQ
Thoughts ?
Reality check time.
As stated above, the Escrow CUSIPS were established solely to facilitate potential distributions, if any, of shares of WMIHC common stock. The only source of common stock available for any such a distribution would be from the 1.5 million of shares remaining on deposit in the Disputed Equity Escrow. Specifically, the Escrow CUSIPS do not, in and of themselves, represent an entitlement to any possible future cash distributions from the Trust, WMIHC or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank), as the case may be.
https://www.prnewswire.com/news-releases/wmi-liquidating-trust-issues-statement-on-escrow-cusips-300425225.html
honestly lodas I can't focus on your wall of text. f - it - ya ya it was your lanterns. F it average down on this meatball - This whole thing is going into the dimeq toilet.
Lodas, I love your tin can lanterns, but this is life. All you f'ers who were buying at 12-14 should be runnig into the burning building now. It's called averaging down ----
Well I for one know that triple purple heart-ed one and the one with tha bunch a of bag holding friends would not let me down. I've made the down payment on the moped. Bring on the millions !!!
Correct - corrupt, scared, stupid, politicians and regulators that were herded by banksters.
ILLEGALLY. We will never know the truth, it has been successfully covered up and forgotten by all but a few.
I was here in Sept 08 and the loons of past have turned into the "experts" of today.
My prediction on how it's gonna end for the markers.
Read the last 5 posts.
https://investorshub.advfn.com/Dime-Bancorp-Inc-(fka-DIMEQ)-4907/
Ron pumped the wamu debacle to all his friends and hell or high water it has to happen. watch your 12.
Yep, forget your 6, watch your 12 people.
Did they have a special force of toddlers in Vietnam ?
MW was born in 1971.
http://www.sidedraught.com/stocks/WashingtonMutual/Equity%20Committee/Willingham%20Depostion-%20Pages-147-199-0845664090427000000000167.txt
he and Willingham served at the same time period and MW knows him
No, definitely not the bleacher calling. Yikes. (I think it was his out.)
The nit picking of the filings, yes.
Who know's maybe some people would not be here or anywhere if they did not have hope.
Some people moved on, Some people passed on, Some people are holden on.
Peace.
No, he can a read filing. He picked apart CSNY's and had a couple good points. If you are waiting for him to call a date when you will get any money, I have a bridge to sell you. The thing is here no one has the magic answer, but some posters have good points - even Jerry, Bob and possibly zeus.
Maybe, we will see next month. I'm not privy to the other board, I disconnected this soon after the Ghost board shutdown.
If anyone can give me an account on the on the other board I would appreciate it. BTW: I have no problem with someone calling a creaton a creaton. lol.
Honestly leave AZ alone. He has added net value.
I've been hearing this will end every weekend since 2008.
You could be right on the fight ended years ago.
But thanks to AZ, DMD, Ron, Morti, CSNY and others we can still ask a couple questions. If you think CSNY is only filing a single doc, I'd guess again.
Admit it, you made up the best customer part.
But sure why not if I thought I had the law and the facts on my side ?
Money spends the same if you litigate for it or invoice for it.
Fill me in ... What have you done to advance the cause ?
Like CSNY was the only one who lost big $ on this JPM/FDIC theft ? lol.
At least she has skin in the game and is fighting for it.
While all this napkin math on the ouija board is fun to dream about, I for one am very happy Alice is asking some questions in court. Looking forward to see how Rosen will spin his BS.
To the people who speculate she is a JPM mole.
Of course she has worked for the big banks including JPM.
Who do you think uses the services of what she does for a living ?
About
Alice specializes in negotiating derivatives documentation (e.g., standard and bespoke confirmations (equity, rate, and CDS), ISDA Master Agreements, repo agreements, secured lending agreements, custodial, and netting agreements), as well as prime brokerage documentation. She also negotiates NDAs (most clients have been private equity firms and technology companies), and technology agreements (e.g., data feed, consulting, software) and works on Chapter 11 and distressed debt matters.
https://www.upcounsel.com/attorney/profile/58b0caf74543323404230000
I wonder if some people would think differently if a middle aged white guy had hot coffee spilled on them ?
EOM
Speaking of DIMEQ.
Was this Class 18 paid ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=70777179
o Subject to the provisions of decretal paragraph 3(iii)
of the Stipulation, an Allowed Subordinated Claim
(as such term is defined in the Seventh Amended
Plan) in Class 18 in the aggregate amount of Ten
Million Dollars ($10,000,000.00) (the "Allowed
Subordinated Portion"); and
Just like she did for the DIMEQ.
Shameful, indeed.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=125744389
10,000,000 for DimeQ ? Not sure if it was paid.
edit: or partially paid.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=70777179
o Subject to the provisions of decretal paragraph 3(iii)
of the Stipulation, an Allowed Subordinated Claim
(as such term is defined in the Seventh Amended
Plan) in Class 18 in the aggregate amount of Ten
Million Dollars ($10,000,000.00) (the "Allowed
Subordinated Portion"); and
No Problem. I wish there was a better outlook for the escrow markers and the LTI in general. Looking at the WMI Liquidating Trust, the only thing available to the escrow markers is the 1.5 M shares of WMIH held by WMI LT.
http://www.kccllc.net/documents/8817600/8817600170531000000000001.pdf
Escrow markers were setup to they could deposit the WMIH shares to your account - not cash. That's how we got our original shares of WMIH from our released P,K,U shares. Escrow markers have not been canceled/ cleaned up /disappeared from our accounts yet as their is a possibility of getting your share of the 1.5 M shares held by the trust.
My some miracle, If any extra $ from anywhere, ended up with WMILT, It would not be distributed out via escrow markers, rather via check, just like all the other previous cash distributions to the LTI.
While other seam too, I personally see absolutely no connection of WMILT and the 600 M payment from the FDIC nor do I see any other avenue for WMI LT to shower us with $.
The above has only to do with WMI LT and not the new company WMIH's outlook.
Condolences, I'd start here ->
http://www.wmitrust.com/WMITrust
scroll to the contact us.
or
http://www.kccllc.net/documents/8817600/8817600170531000000000001.pdf
Andrew Siegel / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
No reason to believe WMMRC would be mentioned. Just a question.
The main interest I had was if the
LT/escrow had anything to expect. I see nothing (other than hope and wishes here on the message board) that the LT will be involved.
Why would WMMRC be mentioned in the DB notice for distribution???
Thanks AZ.
What I was looking for is something to tie WMMRC ( or the referenced 6 trusts ) to list included with the distribution.
Yes, had Dimes and H's, U's K's and P's.
Signed releases, Have LTI and Escrow Markers.
If I did not have Escrow Markers, I would not even be looking into it or posting.
Thanks, but no mention of Reinsurance or WMMRC in that doc.