Again, the case has twisted and turned for almost six years. To think one would not change based on events, filings and other is really naïve. The May 01, 2014 is a distribution period that MOST people understand which is a date or period in time that it takes for mailings and other to begin in order to close tranche four.
Now you may get your $10.52 but it will NOT be on May 01, 2014 a date in time that the distribution and bankruptcy procedure starts to close tranche four. To make up the difference in the three to four dollars you may receive with the May 01, 2014 distribution, you may get bits and pieces over a very long time period but again that will not be on May 01, 2014.
You also have a real challenge with understanding that I have no advanced information. The message board is supposed to be for discussion or one's opinion on what they think will or will not happen.
It really does not matter one iota what you and I really think because this has all been decided a very long time ago. It is that I just do not know the outcome yet, rather just positing on the possibilities based on what has happened...hence reading the tea leaves so to speak from past filings and other.
You do not have to hold me to anything, I, unfortunately, was not contacted when the decisions were made. All I can say is what I have said many times and this is based on the past filings and other readings that I think escrow share account owners will see a large return.
This is before the final closeout of the P&A which the FDIC wants to be in September 2014. This is UNLESS the FDIC moves the date further out into the future, then of course, I will move forward as well...common sense IMHO.
Again, if your larger position is in Preferred, then you really have nothing to worry about but if the opposite is true...well I cannot help you!
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