There are always people who don't open their mail. Or if they open their mail, they won't understand it and won't vote or opt in to the releases. They will lose.
Many of us own shares in multiple WMI classes and in various ownership categories (individual, corporate, IRA, Roth, 401(k)). Each class and each ownership will get ballots. People may think they already voted and "what should I do with the other ballots. Will I get in trouble if I vote again". Yes, vote all your ballots and no, you won't get in trouble.
We, IMO, are ALL "above average" in intelligence, even if we are not all from Minnesota. Do you remember the mass confusion on the board regarding how to vote, where to send the ballots, and the significance of opting in or out during the 2 previous balloting? Some were leaving the option blank and writing in the margins to ensure some nefarious person at our brokerage firm doesn't check the box for them. And we were to mail the ballots in "the enclosed envelope" and none of us had the enclosed envelope. And the instructions said to mail the ballots to KCCLLC, but KCCLLC said not to mail it to them, mail it to the brokers who will tally the votes send the master ballot to KCCLLC. I'm glad we have that figured out for this time.
And the ballots came promptly for some, but many were delayed depending on the broker. My broker is Fidelity and I had just a few days to vote and mail. Fortunately someone posted their ballot and instructions on this board so we had lead time to figure out what to do. The main issue was whether to opt in or out of the releases. This time it seems clear to me how to vote. Most will be voting to Accept and opting IN to allow the release to most who screwed WMI. If one does not opt in, they will be free to sue the crooks on their own dime. Good luck with that one.
As you know, the EC letter states that shareholders must opt-in on the release issue to get a distribution. They don't have to vote. There may be a provision for a late opt-in but I can't say for sure.
TODAY IS THE DAY OF MY AMAZING GOOD FORTUNE!
Don't wait for the storm to pass, learn to dance in the rain!
I can get there from here!
