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Yep he spent money only to make money!
Interesting because in my fidelity account I got paid .03 X XXX number of shares for my P's. Don't get your hopes up!
From Boardpost
Dmdmd1,
I JUST looked up the Definition of "Worthless" Securities as ALL my different brokerages have NOW been showing them as "Worthless" Securities.
Here is the IRS treatment:
Worthless securities also include securities that you abandon. To abandon a security, you must permanently surrender and relinquish all rights in the security and receive no consideration in exchange for it. Treat worthless securities as though they were capital assets sold or exchanged on the last day of the tax year. Nov 4, 2021
Wow, I am a VERY HAPPY camper... Forget the 30 Day Wash Rule I previously stated!!!
So, we WILL GET a Tax Revision copy from our Brokerages SHORTLY to reflect the WORTHLESS Securities transactions for 2021!!!
Bottom line: $Recovery coming in much sooner than Mar 11... :)...So, next 2 weeks is STILL very exciting...
Fantastic!!!!...LFG...
EDIT: Explain LT's statement that the dissolution was OFFICIALLY 2021...making sense now...
I have been with Chucky for 25 years also but moved in late 2012 after submitting my releases. Does anyone know if the DTC will work with brokerage houses to confirm the latest address versus the old address that was provided on the W9 form with my releases?
Is there any precedent or history that something like this has happened on another bank or non-banking company? If there was precedent then it would be shouted from the root tops.
Maybe but there is a pretty good thread going on right now on boardpost where the FDIC is on record that requires them to address the WMI claim as a creditor of WMI to termination of the receivership. Again who knows how much longer this will take to close?
Wow, so the underwriters are screwed?
Being that they have donated the remaining money to charity, they will probably establish a GoFundMe page on twitter.
From Board Post
Emergency Motion to Reopen Bankruptcy Case
As I suspected it would, the Trust filed a motion to reopen the bankruptcy case.
Stay tuned.
You are also talking about the elites who don't give a shxt about the law. Think about what you have witnessed over the last 5 or 6 years and it's obvious they have no intention of following the legal process.
This is the only stock that I have ever owned where the company announces an additional purchase of shares and the SP sinks. What a POS this equity is.
Like many others on this board, I am hopeful this fiasco will end soon. Even after the trust shuts down what makes you believe the FDIC will close the Bankruptcy? They could keep the receivership open into eternity.
Yes, it helps and thanks for the clarification.
So the underwriters will be included in class 19. The question has been asked many times that if the underwriters get paid do P escrow holders also get a check?
Just curious because I have not seen a response to this question and if so please advise what that response was.
China Overtakes U.S. as No. 1 Spot for New Foreign Investment
https://www.wsj.com/articles/china-overtakes-u-s-as-worlds-leading-destination-for-foreign-direct-investment-11611511200?mod=hp_lead_pos1
New investments by overseas businesses into the U.S., which for decades held the No. 1 spot, fell 49% in 2020, according to U.N.
China overtook the U.S. as the world’s top destination for new foreign direct investment last year, as the Covid-19 pandemic amplifies an eastward shift in the center of gravity of the global economy.
New investments by overseas businesses into the U.S., which for decades held the No. 1 spot, fell 49% in 2020, according to U.N. figures released Sunday, as the country struggled to curb the spread of the new coronavirus and economic output slumped.
China, long ranked No. 2, saw direct investments by foreign companies climb 4%, the United Nations Conference on Trade and Development said. Beijing used strict lockdowns to largely contain Covid-19 after the disease first emerged in a central Chinese city, and China’s gross domestic product grew even as most other major economies contracted last year.
The 2020 investment numbers underline China’s move toward the center of a global economy long dominated by the U.S.—a shift accelerated during the pandemic as China has cemented its position as the world’s factory floor and expanded its share of global trade.
Great, can someone get a hold of Elon Musk and ask him to send a Tweet on COOP?
Hmm, 29.90+0.21 (+0.71%)At close: 4:00PM EST
After hours: 4:06PM EST
28.52 -1.38 (-4.62%)
General question for the board. If you have escrow markers but no longer own shares of COOP, will you still be eligible for a payout (if that ever happens)once the FDIC closes the WAMU bankruptcy and safe harbor assets are reavealed?
I assume both COOP and Escrow Markers are separate at least that is how they appear in my brokerage account but would like confirmation to know if an escrow holder would still be eligible for a payout.
There will be winners and losers in this pandemic and it appears that service providers may not survive.
That may be true but the great thing about capitalism is that if you choose meaning you have a choice to pick yourself up by the bootstraps and try other endeavors to reach your goals. This has always been my choice and I am sticking to.
That's because they ordered the test kits from China. Remember we we are out of the medical supply business.
He buys at 13 and roots for a dollar. Yeah right.
Hmm, no such statement in my Schwab account. Is that for UQ's or PQ's?
Okay, I will keep track of my one additional share
Opinions on this vary from poster to poster.
Not if they are part of the SPV.
did I hear the judge correctly that markers will not be canceled or was it a misinterpretation?
That makes sense. Give out a guaranteed payout in class 18 and get nothing in Class 19.
It will be interesting to see if and when the UW's receive a payout for their preferred escrow shares after the trust goes away. What method of payment was used and if retail was also included in the payout. Only question remains how will we know if they do get paid and retail is left out?
I just hope and pray their Escrow/Cusip #'s are the same as what is shown in my brokerage account.
So if the LTI cancels escrows in the first QTR of 2020 then one can expect to see their escrows disappear from the brokerage account?
I just wish I could understand what the distribution method will be after the WMI-LT closes.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152197328
Where have you been for the last 3 years?
It's DC and the optical bubble, but I don't expect you to get it.
Sure go read.
In the President's Secret Service: Behind the Scenes with Agents in the Line of Fire and the Presidents They Protect
Paperback – August 3, 2010
And the suitcase he always carried on Air Force 1 was always empty.
Apparently at least for now CIC actually only applies to the share price of COOP stock and boy is it being controlled!
If there is nothing coming back to class 19 then why did the UW's agree to move from class 18 to 19?
Can someone provide a link?