Green, the only way I know to track the I and J SERIES is through a Bond site. Yep, tracking this way is weird, but may provide us an object lesson in stealthy structured settlements. Good thing USB might offer this, yes?
This is all in my opinion, as is the rest of the post, so please understand this is an evidence backed argument for confidential stipulation and not a step by step guide to what actually transpired with United Western Bancorp. Don't know for a fact, just looking at the cards shown.
This is the internal trading symbol Finra (regulatory body for securities) uses: USB4452282. This is the only site was able to find this. Notice the inaccuracies. Maturity date: 3999? Listing as Corporate Bond....this from an official government entity meant to track this stuff. But what do you do but comport the data onto a bond site when there is no TICKER SYMBOL for a stock.
Under last price traded you will find a link in blue -center page- reading TRADE HISTORY. Click this for a listing of daily volume/prices. When the security trades, it does not list exact number of shares traded beyond a certain point, but rather tops out at $5mm Dollars, not share count. This makes it impossible to know actual size of big block trades beyond a daily total of $5mm.
So, for example, if, and we're stating if, a liquidating trust was to block trade $200mm, 300mm, or more in that, I or J.....bond, only $5mm would show as traded on that particular day, yes?
Sure would obscure things..... ----------------------------
Now imagine if an entity had to take payment from an arrangement in year 1 but could not close out it's BK until year 6. In what form should that payment come in? Cash so it can earn 1% or less? Or securities earning +5% annually?
Again in my opinion (based on the evidence found), in many ways, UWBKQ learned from the Meritor payout and appear to have structured a much, much better return for its shareholders then what they would have imagined. Thank you Guy and team.
Thank you for all of your analysis and reporting, it’s very much appreciated. I’m still not understanding what impact the USB stock has on our positions? I greatly appreciate it, if someone could drill down to my level so that I could understand it.
Thank you in advance!
PS Does this signify that that bank in the south eastern part of the United States is no longer involved?
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