Washington Mutual demanda a la FDIC por 17 billones US$ + daños

1. There is the Newco, and you will get some newco shares if you granted releases. depends on which shares you hold at the moment.

2. Then there is the liquidation trust.

and the litigation trust, but all of the gains of the litigations will proceed to the liquidation trust.

and, all of the assets of wmi (except the wmb shares, and the wmi investment, and the wimrik) will go to the liquidation trust at the effective date.

and then this assets (mainly the taxrefunds of 5,3 bio) will be delivered to the claims, the waterfall down. first the senior bonds, than the junior bonds, and then the unsecured creditors. there is the border at the moment, the money is not enough to pay the unsecured creditors full, at the moment they are at 10%.

but, the liqquidation trust will get more money, some unpaid taxrefunds, maybe some reservations (for dimeqs for example) and maybe some settlement payments from third party claims.

and that could reach to the preferrreds too.

so you could get money for your preferreds on booth ways, first with newcoshares and second with payments from liquidating trust.

but only if the crooks from wmi will persue the third party claims honestly.

for example, they could file a lawsuit against goldman sachs for 26 bio, the bookvalue of wmb, and make a serious settlement for example for 3 bio.

or, they could file a lawsuit for 1 Bio, and settle for 100 mio.

depends on the lawyers, and depends on the members of the litigation trust, southhard, klein and willingham.

and maybe it depends on us, if we stop watching and fighting.

http://www.kccllc.net/documents/0812229/0812229120312000000000011.pdf

Un par de días para salir por fin de todas las dudas...

glad to see that MARTA (12) is on for April

we need to get the NOL over to newco

calendar is ticking

glad that is not JUNE and I hope they stay class 18 or whatever and get shaved to 2 cents on the dollar as a ceiling

Buenas tardes:
Ya veo como amenizais el foro entre Jesús y Besugo.
A ver quién se lleva el gato al agua.
Por ahora el ganador por goleada es Besugo.
Pd: Ya queda menos para ver los 8$ en WAMUQ y los 1000$ del nominal de las WAMPQ.
La inversión del siglo y luego no digais que no OS avisé.

Yo con que me den $100 por mis WAMPQ les hago la ola... a toro pasado todo son pulgas.
Hay tantas cosas que han pasado en el caso WAMU que lo que se dijo no sirve... lo que vale es el ahora y hasta tu que despotricabas lo más grande te has comprado tu paquete de preferentes a ver si te suena la flauta ¿cuanto estas palmando? ¿no me vas a echar la culpa? como soy el culpable de todos los males de este mundo incluido las decisiones de unos cuantos ya puestos súbete al carro :)

Yo las vendí hace tiempo, Lo unico que cuando las tenía recomendé comprar a una persona y..., ha calmado casi todo. Cuando vendí se Lo dije y Su respuesta fue que seguiría hasta el final y por Eso le Estoy ayudando en el papeleo y demas.

Pd. Olvídate de los 100$,.mi pronóstico es que preferentes no van a recibir más de 15$

$15 lo recibiran el primer día tras salir de BK... $100 de aquí a 6 meses sino antes.

Te recuerdo que WAMPQ serian 19 acciones a $1 de salida así que si mucha gente no ha optado por dar releases o si el precio de los activos es superior a $200 MM el precio subiría.

The reality is Wall Street is willing to bet nearly on anything. Is this where the WMI Litigation trust is heading. Just an excerpt but worth the read in its entirety. Link posting below.

"Wall Street has a long history of scooping up bankruptcy claims. Hedge funds and other distressed investors, after financial disasters like the Lehman Brothers bankruptcy and Bernard L. Madoff’s Ponzi scheme, built lively markets around trading such claims. The investors wager that the claims will ultimately settle for greater sums than they now appear to be worth."

http://dealbook.nytimes.com/2012/03/12/mf-global-customers-said-to-get-offers-for-their-claims/?nl=todaysheadlines&emc=edit_th_20120313

¿Las P´s a $100 en 6 meses en base a que? Ilustranos con tus teorias que hasta ahora han sido un fracaso.