News Focus
News Focus
Followers 100
Posts 10124
Boards Moderated 1
Alias Born 10/22/2008

Re: AZCowboy post# 648980

Saturday, 02/20/2021 10:26:59 AM

Saturday, February 20, 2021 10:26:59 AM

Post# of 749756
My trading account has my original number of shares I purchased; P, K, and U's.

The CUSIPS have never changed and so I have no indication that my shares have been reduced to a factor dictated by the bankruptcy court to approve plan 7.

I expect to receive value for my shares as they appear in my account, which is much greater than the reduced number, meaning the factored number meant to reflect fair and reasonable within the first bk of WAMU bank.

The original purchased shares, which were always part of the holding company and never part of the bank, are still also registered with the DTC, I'm certain. My broker knows the difference, apparently.

I'm expecting to receive value commensurate with a fully valued return on my original purchases made in October of 2008 because my broker has my shares labeled and "escrowed", or whatever, just as they appeared 12.5 years ago.

Explain why I'm mistaken please.

Unleash the power of Level 2

Spot liquidity moves with access to US order books.

Sign Up