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I'd call it either lucky or being connected to people with info...not smart.
Completely agree....they use the media by manipulating the story in order to cause the effect they want....they do not simply report the news.
LOL EOM
Thanks Bob. That makes sense
Easy big dog. I'm just trying to understand the process. I'm not greedy or expecting to get paid twice. The message I replied to seemed to indicate COOP would be bringing on board $65 billion, which was implied to be former WMI assets. If we received payment based on our markers, great. But I didn't gather that from the message. It sounded like we would be getting the value as an increased COOP share price which I would guess no former WMI holders would be OK with. I guess I misunderstood if that was not accurate.
I may be way off base here but I don't think any of the old trusts or safe harbored assets associated with the former estate can possibly come back to us as share value now. If they do, then wouldn't former NSM shareholders reap those benefits too, which significantly dilutes our recovery. I can't see how that would be fair, reasonable, or legal.
I received the proxy vote email today. Voting for or against reverse split.
I've always wondered what he meant by "go after". .. I mean if the assets are ours why would we have to go after them....would they just be returned to us. "Go after" to me means that we can attempt to get the assets...but it's not a certainty we will get them.
No, I read it, just misunderstood. Thx for clarifying.
I thought it was a lawsuit AGAINST the failed banks, not on behalf of. Big difference. I guess this is the way they keep our $. If there is $ left over from the old WAMU entity.....most or all of it will be confiscated again via this lawsuit IMO.
Thank you very much do we know how much is in the DCR
Thanks... I'll check it out.
JWW,
The charts you are always posting are certainly interesting. But it seems as though the large majority of people posting on this board are fairly certain this stock price is being suppressed or manipulated in some way. If that is true, wouldn't all of these creatively named trend charts be completely irrelevant?
Ok. I couldn't remember the timing of it all.. Probably because it didn't matter to me either way because I loaded up with all 3 flavors just in case.
It doesn't. And I'm not claiming billions. The whole point of that thread was purely hypothetical. Guess you didn't read it.
I'm figuring commons would be just pissed in general...mainly at the process as they would feel they had been duped or cheated. But this is with a really big IF....that is IF tens of Billions are returned. Which I would be pleasantly surprised if it does. I'm not counting on it. . If I remember correctly the 75/25 came after the stock was no longer tradeable so once everyone knew APR was cancelled it was too late for commons to trade their shares for Preferred, but I could be wrong.
Really? Is that a serious post?...
I thought so but maybe not based on your response to my post. please correct me if this is wrong under normal circumstances I company gets liquidated preferred shareholders will only receive up to their face value and common shareholders will receive 100% of the remainder.
However in this case APR was replaced with a 75 25% split. My point was if preferreds end up receiving $2000 3000 $4000, whatever above their thousand-dollar face value... common would be pissed because under normal APR rules common shareholders would have received 100% of everything once preferred got their $1000... Instead, shareholders now only get 25%. Is that not accurate?
If less than face value comes back then preferreds will be upset that they had to share what was left with commons....and common holders will be happy to have even been been included.
If slightly more than face comes back to preferreds everyone will be happy as it's worked out good for all.
But if way more than face comes back, preferred will be extremely excited to have received a lot more than face value and common will be pissed they had to share the excess with preferred.
I hope you're right
And to clarify the distributions I'm referring to are the wmih shares that we received
Right now all we know for sure is they were given "in case" there were any leftover funds. and they were used twice..... there was a second distribution that happened a year or so after the first. Both those distributions used our markers to determine how much we got
Maybe to trade this thing from $1 -$3.XX - $0.60 - $1.60 over the past 6 years. And for the expection of what it could end up being. ..I hope there is something more for equity escrow holders but I don't think any of us really know
Or maybe they know there are no "billions"??
That is certainly very compelling and seems to be bullet proof evidence of the existence of retained assets. BUT, how much longer are they going to retain the assets? And who the hell is "they"?
I don't understand if 76% of the trusts have been liquidated, where is the money?
Wasn't NSM's SP @$18 prior to the M&A?...could the 1;12 have anything to do with getting the SP back there?
I'm sure if you had a dollar bill once owned by Bill Gates you would have had to compensate someone in order to now own that dollar bill. So someone, maybe Bill Gates or maybe the guy that stole it from Bill Gates, has reaped some benefit for transferring ownership of the bill to you.
Yep, it's the only thing that makes sense. Hidden Billions would be great but I think we need to come back to reality. Most of the posts here justifying how there are all these assets coming back are so far over my head I'd never fully understand. They use these big words and legal language to confuse everyone convincing us they are smarter than we are so we think they must be right. I'm done thinking these escrow markers are ever going to be worth anything.
Amen....this is what I want to know as well. Don't understand if massive $ is there how they can keep it for 10 years when it has nothing to do with the bankruptcy.
My only contribution to this board was giving Boarddork the opportunity to provide us all with this post. Great summary.
Then why after 10 years have we still not seen any value from safe harbor assets? Not even any official confirmation there even are any safe harbor assts....only opinions.
Not saying there are not...only saying no 100% proof they exist much less the value. Only very convincing posts they do.
Exactly! That's my question. Thanks!
I didn't think they could seize holding company assets the whole reason why Sheila Bair went to Congress asking for that power
"Eclipse"......what an appropriate name
blocking the sunlight
So to understand what they were paid you have to know what their maximum Book value was X 45%
Doesn't $0.45 on the dollar typically mean 45% and not literally $0.45
Yeah I'd like to know how 36 years came about as well all these loans were packaged and sold prior to 2008 surely not many of the loans are over 30 year mortgages and most of those are going to be paid off or refinance prior to 30 years so I can't see how payment on any of those trusts sold before 2008 would be extended anywhere close to 36 years. Absolute max should be 20 years given we've already waited 10
I would if I knew one that had any knowledge of this case.
Thanks. I thought so too but no one seems to want to touch it. Makes me wonder if all this talk about billions of dollars in safe harbor assets is actually fantasy like BKS says. If it is real and the estate owned all these trusts that we're excluded from being seized and couldn't be included in the bankruptcy process then why haven't the funds, if there are any, been released back to the rightful owners after 10 years?
Is this a ridiculously stupid question that is not worth even responding to?
Or, is it so valid that no one has an answer?