InvestorsHub Logo
Followers 44
Posts 6697
Boards Moderated 0
Alias Born 01/23/2017

Re: None

Monday, 05/16/2022 3:20:46 PM

Monday, May 16, 2022 3:20:46 PM

Post# of 729846
The following conditions were fulfilled to complete the chapter 11 reorganization of WMI..... there was 7.48 Billion in allowed claims to creditors up to class 18, with class 18 being impaired.... there were 195 million shares allowed in new shares for the newly emerged company to be split between class 19, and class 22.. class 19 got the bulk of the new shares, and class 22 got about 53 million shares, and class 19 got the rest.......nowhere in the closing document states that any more money , or shares will be given in addition to what was given on the record... any payments beyond chapter 11 is wishful thinking, speculation, hope, innuendo, and praying...satisfaction for payment of an equity claim MUST BE IN WRITING, IN A DOCUMENT, and signed by the company issuing the money to pay the claim... so, as of now, after all these years of waiting, equity has no claim against these so called escrows, or estate values coming back... it was all wishful thinking by some prominent posters on the board... Lodas
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News