You didn't see the typical dumping in the later months bc all the people in the know dumped their shares back in May when you had the big Fannie / Freddie run. PPMIQ, and stocks like it, rode on the coattails of that run. PPMIQ got up to .28 if I remember correctly.
People who didn't know just thought it was running up bc of FnF but people in the know knew it was their best chance to dump and they did, big time.
Not to be rude, but apparently you don't understand the nature of the business.
It is a mortgage insurance company. It has to have 100s of millions of dollars in reserves to pay out potential liabilities if & when they come due. They can't 'double-dip' on the assets and say I'm using them to secure creditors interests AND insurance liabilities.
Still Nobody following Docs:"Effective 10/01/2013":::
From Today's Court Docket#1130: " Effective Date. Pursuant to the Confirmation Order, the Debtor hereby declares that (i) all conditions precedent to the Effective Date of the Plan have been satisfied or waived and (ii) the Effective Date occurred at 12:01 a.m. (EDT) on October 1, 2013. "
" 5. Bar Date for Administrative Expense Claims. Requests for the payment of Administrative Expense Claims other than Professional Claims must be filed and served on the Reorganized Debtor, its counsel and the United States Trustee no later than December 2, 2013 (the “Administrative Expense Claims Bar Date”). Holders of Administrative Expense Claims that are required to, but do not, file and serve a request for payment of such Claims by such date shall be forever barred, estopped, and enjoined from asserting such Claims against the Debtor, the Reorganized Debtor, or their assets or properties and such Claims shall be deemed discharged as of the Effective Date. Objections to such requests, if any, must be filed and served on the Reorganized Debtor and the requesting party no later than March 3, 2014. Notwithstanding the foregoing, no request for payment of an Administrative Expense Claim need be filed with respect to an Administrative Expense Claim previously Allowed by Final Order, including all Administrative Expense Claims expressly allowed under the Plan. 6. Copies of Plan and Confirmation Order. Copies of the Confirmation Order may be obtained by contacting the Debtor’s Claims and Voting Agent either by mail at PMI Ballot Processing, c/o Kurtzman Carson Consultants LLC, 2335 Alaska Avenue, El Segundo, California 90245, or by phone at (866) 381-9100. In addition, copies of the Confirmation Order can be accessed (i) free of charge via the Claims and Voting Agent’s case-designated website at http://www.kccllc.net/PMI, (ii) during regular business hours at the office of the Clerk of the United States Bankruptcy Court for the District of Delaware, 824 North Market Street, 3rd Floor, Wilmington, Delaware 19801, or (iii) at the Court’s website at http://www.deb.uscourts.gov. Dated: October 1, 2013 Wilmington, Delaware YOUNG CONAWAY STARGATT & TAYLOR, LLP "
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