Meritor Savings Bank (MSVP)

[MrchntDeth]

The dollar figure cited is NOT related to MSVP.

Mesa was writing about an unrelated security that has nothing to do with the Meritor case, and while I own some shares in that "other" security, THIS is NOT the appropriate forum to be discussing THAT stock.

WRT MSVP, it is my understanding that the FDIC will begin disbursing funds to either the DTC (for those holding shares in "street name"), who will then forward the proceeds to your broker(s), and/or directly to shareholders who own their shares in the own name, and who "tender" their shares. Don't know what the procedure will be for individual holders. Sorry. I'm assuming that they'll be sending the information to your last known address (if you holder your shares in your own name). You do NOT need to worry about this issue if your shares are held in street name at your brokerage(s).

My understanding is that the dollar figure is approximately $236 million dollars (with approx. an additional $7.6 million to be held in escrow pending resolution of the Roth matter, as an Intervenor in the Slattery v. U.S. case), for a total of $244 million to be paid out by the FDIC to shareholders, after having taken out legal fees and expenses.

I hope that this answers your questions.

If not, please let me know and I'll do my best to answer what I "believe" to be the answer(s).

Please note that this is JMHO.

Ps: to Mesa, while I appreciate your enthusiasm for some other securities, this is not the proper place to tout those shares. Please be respectful to Meritor shareholders who are looking for information regarding Meritor, and not some other great jackpot play.

TIA