News Focus
News Focus
icon url

ItsMyOption

04/13/16 11:07 AM

#7971 RE: linda1 #7970

Hi Linda, I think the point of sending JPM a invoice or demand for payment letter is just the least costly step in putting a record in place and get documented our wished to resolve this in the least costly way.

I also plan on sending one but only after I have all the facts straight. We must what exactly are we entitled to receive per LTW?

Per your calculations there is a big difference, also why would the tax gross up award of $118,969,673.71 not be included?

I would use $538,615,584.62. minus attorney cost and divided by number of LTW. So I plan to calculate that and let JPM correct it if I am wrong. Go high and let them adjust it lower.

your calculations:
The first calculation will give you the dividend of $356,699,024.27/18,103,515(Linda)=$19.7033/LTW
or the second choice

$356,699,024.24/112,975,597=$3.1573/LTW

We all hope some of the large shareholders have already started litigation with the hope it addresses all of us. Today i plan to send emails to some again in hope of answers. I also plan to send Art Stienberg an email to see if he can be of any help. We already paid him alot.

Linda1, what path do you think we should take?
icon url

marty009

04/15/16 9:01 AM

#7983 RE: linda1 #7970

Linda,
Ten days ago I asked the board if anyone had info on Ben Bush's arbitration disposition. 3 dozen posts later no replies...most seem to think asking JPM or sending an invoice to JPM will be fruitful. Even asking Art to take up our cause. I must restrain myself from a testy posting. In the land of REAL, no company is going to send off $300 plus million on a letter asking/demanding payment after a court fight that they consider a triumph.
I still wonder if Mr Bush had a favorable decision....which could be very important to us.
We need legal representation. However, I wonder why a previous law firm that seemed to do a good job of presenting the facts would no long care to continue the fight....and I don't mean Steinberg.
The best idea mentioned was for journalist exposure.
All the above is just my humble opinion.
Marty