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NewbieWar

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NewbieWar

Re: None

Friday, 06/10/2016 4:18:51 PM

Friday, June 10, 2016 4:18:51 PM

Post# of 731786
Although inconsequential in the scheme of things...

I am happy that the "test" of the shares they distributed did not get taxed until I sell(currently Short term, but no reason to expect they wouldn't be Long term come August 4th 2016)... Was a concern of mine to be taxed on the whole lump at once...

Although there is little evidence to suggest new monies in the liquidation trust would come in the form of WMIH shares... It would be a substantial waste of capital to merely distribute it to greedy investors... Better to make it a "Market value" and the money doubles.
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