I honestly don't study and research the WaMu process' in that type of a specified numbers defined fashion' ... I have never invested in that manner' ... research first, invest second, decide whether to stay or not, gain as much profit as possible from as many areas as possible, ... (I decided long ago, that - WaMu - was a financial leviathan) ... all things considered' ...
Regarding - WaMu - the numbers are ~ Dynamic' ~ ... there are numerous moving parts, not to mention the Courts ultimate assignment of 1.95% FJR to be paid to a participant until a participants claim has been deemed completed' ...
... however' ... this question regarding some semblance of how much ?, does come up often, so I will share with you my own studied approach and conservative conclusions', always remembering that the numbers continue to be "Dynamic" in nature'
My "Base" consideration parallels, the same consideration that was originally presented to the Court by the WMB Note holders' ... the same WMB Note Holders, that turned Plan 6 up side down, ... by forcing the implementation of Rule 510(b), with a simultaneous accommodation of the multiple reasons that the Absolute Priority Rule (APR) needed to be removed' for a Plan to be approved' ...
The WMB Note Holders filed that their Bonds had a maturity of $1,000.00 per' (all were eventually integrated) ... with their individual offerings simply having different dates to mature, and applied different interest returns' ... also, in doing so, ... the Estate was addressed' ... referring to an Estate Owners common share be valued at $7.35 per 1.7 billion shares of common shares out' ...
Now STOP' ... these calculations utilized, by the WMB Note Holders, were a calculation considered at the 2008' seizure' ... These calculations DID NOT consider the Preferred Stock of WMI' ... however' ... Plan 6 DID' Fail, and Plan 7' WAS reworked to consider ALL participants, ... basically, the WMB Note Holders, ... WON' ... saving the Estate Owners in the process'
... So' ... I basically STOP there' and round up to an eventual return of $8.00 per common share ... "due to the fact" that Plan 7 was approved, and the WMB Note Holders played an important role in the process' ...
Humorously, I have referred to this as a play on the Judges terminology ... or, ... FOUR POSIT's ... as a -------
let me be specific' ... in my consideration, as I'm sure many are watching' ...
... So, ...
as a final Plan 7 approved consideration' ... IN MY OPINION, as a "STATIC" numbers consideration'
Tranche 5 = including ALL integrated WMB Note's ... most' (all have not achieved maturity yet, but those that have), will receive their face value assignment of $1,000.00, plus FJR (1.95%) from their receipt of their distribution, back to their individual maturity date' ...
while we know that Class 19' and Class 22 share a simultaneous distribution of 75% / 25% ... in my opinion, I believe there will be a few variable considering the FJR Court ordered to be paid to all classes (1.95%)
Tranche 6 = ... Class 19' P's and K's will receive their assigned face value, times a multiple of a conservative FOUR' while experiencing two FJR considerations' ... the first from the seizure to reorganization, and the second from reorganization future' ... (once APR had been removed)
Tranche 6 = ... Class 22' common uq's ... at the seizure a consideration of a dynamic number of $7.35 per share' ...
... I know that was long winded, however I did want to justify my conservative consideration of a minimum of $40 Billion Dollars in - Initial - Cash' ...
so AZ I know you don't give any numbers here on the board, but you do have return value numbers in your head, right. if so, how close are "amount only" posters that have been bold enough to throw numbers out there to yours?....huge range I know b/t 0 & billions.
