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Re: Bizreader post# 723251

Wednesday, 02/14/2024 12:29:29 AM

Wednesday, February 14, 2024 12:29:29 AM

Post# of 727998
Bizreader........well, I get that. Every chapter 11 handles Retained earnings in a manner consistent with their objectives to exit bankruptcy.... in the case of WMI, they cancelled and extinguished the equity retained earnings to get 5.8 billions in tax NOLS.... you are allowed the same deduction on your income taxes when you HAVE A LOSS ON YOUR STOCK TOO!!!!!!!!!!.......do you understand that you are no longer a shareholder in WAMU any longer when you signed your rights away to any Retained Earnings which WMI abandoned in the chapter 11?....they also go on to say all rights inherent in the prospectus are NULL AND VOID 1111 your release signature does not guarantee a return of value of the cancelled equity.. it RELEASES YOUR RIGHTS TO ANY VALUES IN EQUITY for the company to do whatever they want with your equity to bring the chapter 11 to a close, without being sued by shareholders ....I am not combative... I am only stating what was expressed in the official documents that I have continually supplied for the board to read, but they dont... especially ron, who reads nothing but asserts his own criteria for recovery....read the documents supplied to you, and quit drinking the koolade being served up by so called gurus.... there is , and will not be any more recovery from WAMU, or the chapter 11 closure... period... Lodas
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