Investors with no faith in Escrow Shares – Could this be why?
Many investors continue to believe all equity received was tax attributes in a fifty cent shell company with no future.
• Original POR planners were to receive NEWCO and tax attributes
• One had to own 2 million in Piers to be part of NEWCO originally with earlier PORs
• Many actions changed between 2/09/2012 and 2/23/2012
• Very mysterious trading during 1/25 and 2/07/2012 time frame when ALL knew former WaMu securities would be suspended any day
• Why would investors be buying former WAMUQ, former WAMPQs while selling former WAHUQs or Piers during this time frame, especially selling former WAHUQs or Piers?
• TPS did discovery on Susman/Equity in his Houston offices prior to 1/25/2012
• In order for POR7 to pass with all parties signing off TPS had to be convinced
• TPS was convinced after a short 30 minute meeting with Susman
• TPS received another 5%, signed on to the plan. Again dates may be a little off
• After TPS signed on to the plan, very mysterious trading with HUGE volume happened between 1/25/2012 and 2/07 2012 with the price being obviously held down. Why would anybody buy? They possibly bought for future Escrow Shares.
• The deadline for exchange in order to get escrow shares and shares in NEWCO with release signed was around 2/8/2012. Dates may not be exact but very close.
• Now after 2/8/2012, nor more exchanges allowed.
• If you invested in Piers at this time, you would NOT receive ANY ESCROW SHARES
• Between 2/9/2012 and 2/23/2012 when the final POR 7 was signed by the court, daily changes were made to the final POR 7
• Keep in mind in POR 6, the Piers which was part hybrid/part equity who were to receive all of the spoils with uncapped payout in POR 6 was capped in POR 7 at a non guaranteed payout. Again, in POR 6, Piers was part hybrid/part equity receiving all of the spoils with equity cancelled. Thus this totally reversed in POR 7 allowing equity to receive all of the spoils.
• The payout Matrix was tweaked during this time period allowing equity to receive an uncapped payout and to receive all spoils
• Now equity was all set to participate UNCAPPED with all spoils that may come our way while Piers was capped non guaranteed
• The aforementioned may explain all of the very
mysterious and huge volume of trading in former WaMu securities during the latter part of January 2012. Many here remember this mysterious trading
• Especially why Piers were sold off by the former and original Piers planners/investors after their discovery of Susman/Equity, then retailers started buying
• This may explain why investors do not believe in Escrow Shares
Have I told you lately how much I love my escrow shares?
