Wamu WKN 893906 News !

.......in den Thread gestellt hat .
Wer von euch erinnert sich noch an diesen Presädenzfall, in dem
die HF von der Verteilung ausgeschlossen wurden .
Ein EC-Anwalt hatt diesen Fall bei Gericht deponiert.
Nun , wie ich schon sagte, kommen die SNH gar nicht so schlecht davon.
Augenscheinlich.
  Aber haben sie alle die Rechnung mit der Wirtin (MW) gemacht?
Es wird für mich eine Genugtuung sein, wenn sie den SNH das Körberlgeld für die Dimeq noch separat abknöpft.
  Eine Kalkulation, mit der auch das EC rechnet. Und das nicht unbegründet.

-dem Rosen langsam mal die Flügel stutzt! Letzlich sind wir vor einem Gericht und es geht hier nicht um Flaxereien und Scherze, sondern knallhart um Ansprüche von Gläubigern und verdammt nochmal um INVESTOREN egal ob Vor-oder Nach dem BK (BK???)!

Überall auf der Welt wird händeringend um Investoren gerungen und in US/BK-Court werden die Investoren/Anleger buchstäblich als "Idioten" behandelt die Samt-und Sonders nur ZOCKER sind mit dem einen Ziel JPM oder gar den US-Steuerzahler zu melken!!!

Einspruch Euer Ehren THJMW das kanns nicht sein, es ist allerhöchste Zeit, dass der Trustee, wenns sein muß auch die Politik eingreift!

Es gibt Tausende US-Steuerzahler die in WAMU investiert sind und waren AUS GUTEM GRUND (...UND GLAUBEN)!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Gut Nacht wünscht Poly

ich erlaube mir euch einmal mehr an ein paar Worte zu erinnern, die bereits vor geraumer Zeit, nur allzuoft von einigen Mitstreitern hier, artikuliert worden sind:

Bevor es hier irgendeine Entschädigung oder Kaufpreisaufwertung geben wird, werden wir Aktionäre (gerne auch Zocker :-) noch erfahren was es bedeutet Schmerzensgeld zu zahlen, da die lieben Papierchen soweit abgewertet werden, bis auch die härtesten "Klonks" butterweich sind!

Es werden die Tage kommen, wo du denkst, dass das alles nur ein schlechter Witz ist...wo alles verloren zu sein scheint...wo du den Verlust realisierst und verbittert in Kauf nimmst um die letzten Kröten zu retten.

Schaut in einen Spiegel...erkennt ihr euch darin wieder?

Ich glaube genau diese Phase hat begonnen...das Katz' und Maus Spiel auf höchstem Parkett ...oder ist wirklich alles verloren und wir sind einfach nur blind...zu überheblich sich seine eigene Fehlentscheidung einzugestehen?

Mir ist gleich wer hier verkauft und wer nicht. Mein WAMU-Investment ist überschaubar und soll mir natürlich, bei positivem Ausgang, ein schönes Zubrot liefern...aber es wird mich nicht in den Abgrund stürzen, sollte es wider erwarten negativ ausgeht.

wenn man Hoffnung hat und von einer Sache oder sich selber überzeugt ist, ist der Absprung umso schwerer > Optimismus ist nicht immer eine Tugend!

owausac

xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7954746?

Seite 147:

 

Zitat:

PIERS Claims (Class 16)

Class 16 is Impaired by the Seventh Amended Plan.  Each holder of an Allowed PIERS Claim is entitled to vote to accept or reject the Seventh Amended Plan.   Commencing on the Effective Date, each holder of an Allowed PIERS Claim shall receive, in full satisfaction, release and exchange of such holder’s Allowed PIERS Claim and Postpetition Interest Claim (which, for the avoidance of doubt, on the Confirmation Date shall be finally determined to not be subject to any avoidance, reduction, setoff, offset, recharacterization, subordination (whether equitable, contractual or otherwise), counterclaim, cross claim, defense, disallowance, impairment, objection, or challenge under applicable law or regulation by any person, subject to the Lien or priority rights of the PIERS Trustee, such holder’s Pro Rata Share of (i) Runoff Notes (subject to the provisions of Section 31.14 of the Seventh Amended Plan and to the extent remaining after distribution to holders of Allowed Senior Notes Claims, Allowed General Unsecured Claims, Allowed Senior Subordinated Notes Claims, Allowed CCB-1 Guarantees Claims, and Allowed CCB-2 Guarantees Claims), (ii) Creditor Cash and (iii) Liquidating Trust Interests, in an aggregate amount equal to (a) such holder’s Allowed PIERS Claim and (b) in the event that all Allowed Claims (other than Subordinated Claims) are paid in full, such holder’s Postpetition Interest Claim; provided, however, that, notwithstanding the foregoing, the contractual subordination and subrogation rights of Entities who hold PIERS Preferred Securities shall be preserved and enforced hereunder pursuant to section 510(a) of the Bankruptcy Code and any proposed distribution on account of the PIERS Common Securities of (i) Runoff Notes, (ii) Creditor Cash and (iii) Cash on account of Liquidating Trust Interests shall be recalculated and then distributed, subject to Bankruptcy Rule 3021 and subject to the Lien and priority rights of the PIERS Trustee, to Entities who hold PIERS Preferred Securities, or Liquidating Trust Interests on account thereof, until such time as such Entities’ Allowed PIERS Claims and Postpetition Interest Claims have been satisfied in accordance with the terms and provisions of the PIERS Trust Agreement; and, provided, further, that, following such distributions to holders of the PIERS Preferred Securities, WMI shall not retain any distribution on account of the PIERS Common Securities, including, without limitation, the Runoff Notes; and, provided, further, that, following the distribution to PIERS Preferred Securities referred to above, any remaining distribution of (a) Creditor Cash, (b) Cash received on account of Liquidating Trust Interests, and (c) Runoff Notes, shall be distributed, subject to Bankruptcy Rule 3021 and subject to the Lien or priority rights of the PIERS Trustee, in accordance with the priorities set forth in the Subordination Model attached to the Seventh Amended Plan as Exhibit “H”.  The relative priorities among holders of Allowed Senior Notes Claims, Allowed Senior Subordinated Notes Claims, Allowed General Unsecured Claims, Allowed CCB-1 Guarantees Claims, Allowed CCB-2 Guarantees Claims, Allowed PIERS Claims, and Allowed Late-Filed Claims, and the order in which such holders are entitled to receive payment of their Allowed Claims, Intercreditor Interest Claims, Remaining Postpetition Interest Claims and Postpetition Interest Claims, including, without limitation, on account of contractual subordination and subrogation provisions, are set forth in more detail in the Subordination Model attached to the Seventh Amended Plan as Exhibit “H.”

a.         Reorganized Common Stock Election

On the Ballot, each holder of an Allowed PIERS Claim shall be provided the right to elect, in its sole and absolute discretion, to receive such holder’s Pro Rata Share of the Common Stock Allotment in lieu of (i) fifty percent (50%) of such holder’s Litigation Proceeds Interest (solely in its capacity as a holder of an Allowed PIERS Claim) and (ii) subject to the provisions of Section 31.14 of the Seventh Amended Plan, some or all of the Runoff Notes that such holder otherwise is entitled to receive pursuant to Section 20.1 of the Seventh Amended Plan.  To the extent a holder of an Allowed PIERS Claim receives Reorganized Common Stock pursuant to the foregoing election, such holder’s share of the Runoff Notes to which the election was effective shall not be issued and Reorganized WMI shall retain an economic interest in the Litigation Proceeds equal to fifty percent (50%) of the Litigation Proceeds (and such interest shall not constitute a component of the Liquidating Trust Assets) such holder otherwise would have received (solely in its capacity as a holder of an Allowed PIERS Claim) (and the holder’s rights in respect of distributions from the Liquidating Trust shall be adjusted to the extent such proceeds are received by Reorganized WMI).   Failure by any holder of an Allowed PIERS Claim to elect to exercise rights provided in Section 20.2 of the Seventh Amended Plan on or before the Ballot Date shall constitute a deemed waiver and relinquishment of such rights by such holder.  Any election made after the Ballot Date shall not be binding upon the Debtors unless the Ballot Date is waived, in writing, by the Debtors; provided, however, that under no circumstance may such waiver by the Debtors occur on or after the Effective Date.

(bezüglich der aktuellen Abstimmung)

 

a. Limitation on Recovery

Notwithstanding anything contained in the Seventh Amended Plan to the contrary, including, without limitation, the distributions to be made to a holder of an Allowed PIERS Claim in accordance with Section 20.1 of the Seventh Amended Plan, in the event that the sum of (i) distributions of Runoff Notes, Creditor Cash, Cash received on account of Liquidating Trust Interests and Reorganized Common Stock in accordance with Sections 20.1 and 20.2 of the Seventh Amended Plan and (ii) redistributions of Cash received on account of Liquidating Trust Interests in accordance with the provisions of Sections  6.3, ‎7.3, ‎18.3, or ‎19.3 of the Seventh Amended Plan are equal to or in excess of one hundred percent (100%) of such holder’s Allowed PIERS Claim and Postpetition Interest Claim, the Cash or, subject to the provisions of Section 31.14 of the Seventh Amended Plan, Runoff Notes received on account of Liquidating Trust Interests that is distributable to such holder in excess of such one hundred percent (100%) shall be deemed redistributed to holders of Allowed Claims or Equity Interests or the Disbursing Agent for and on behalf of holders of Disputed Claims in accordance with the Subordination Model attached to the Seventh Amended Plan as Exhibit “H”.  Notwithstanding anything contained herein to the contrary, for the avoidance of doubt, the subrogation rights of holders of Allowed PIERS Claims shall be preserved.

 

Zitatende

 

was auch immer das bedeutet ...? wäre über eine inhaltliche Aufklärung sehr dankbar ;)

 

MfG.L:)

.....nicht vergessen, daß MW bestätigt hat, daß sie ausreichende Beweise
für Insidertrading hatten.Ich verstehe zwar das Gesetz in den USB nicht ,
aber wenn bei uns jemand Kenntnisse besitzt uber eine Gesetzesübertretung
Dritter, hat er die Verpflichtung , diese zu melden , um sich selbst schuldlos zu halten.
Somit wäre MW eigentlich..................
  Lassen wir das. Hat vielleicht keinen Sinn. Vielleicht liegt es nur daran , daß ich
nun mal  so erzogen wurde, keine Gelegenheit ausser acht zu lassen ,
die mich nähren könnte. War dennoch eine schöne Zeit ,.......meine Kindheit.
Aber ich suche wahrscheinlich wirklich zu viel nach Möglichkeiten , dieses
Investment in die richtige Richtung zu steuern. Ich denke, je weniger ich mich
die nächsten Tage damit befassen werde, um so besser wird es laufen.

messages.finance.yahoo.com/Stocks_(A_to_Z)/...amp;frt=2#897358

ZItat kingedxxxxx:

Reality of settlement
I have been seeing all kinds of speculation about this settlement including NOLs, re-aging, joining Anico fight, JPM/FDIC still giving up tax refunds, big fish, hidden assets, etc. Crazy. READ THE PLAN!

Here is a quick reality check for all of you.

1. Equity is getting at least 95% of reorganized company valued at 160m for WMMRC, 50m present value of NOLs, and 75m in cash totalling about 285m with another 125m cash in form of a loan. WMMRC is likely worth more, but just how much is the question. Could be 250m or maybe more.

2. Newco is going to be largely controlled by SNHs, TPS consortium, and other large groups. SNHs own about 20% of the Ps, an unlimited number of Ks, and at least 25% of the TPS preferreds. Just the four SNHs will likely own at least 20% of the Newco and play a major role in future votes (BOD, officers, etc.)

3. NOLs. Even if Newco has almost 18b in NOLs, this results in about 6b in possible tax savings against future earnings. If a company was able to buy the use of all the NOLs in some legal way, they would not pay more than 50 cents on the dollar as it would take time to use the NOLs and they need to receive some benefit as well. Why pay 6b now for 6b of value over time? Maybe 3b for 6b over time is possible, but still requires some improbable legal maneuvering. Did you realize that a company must make almost 18b IN PROFITS to even use these NOLs? Good luck finding that kind of profit in this economy with a business that could even consider buying or merging with Newco.

4. Re-aging of preferreds is a complete joke. The P and K are getting around 2.5-3% recovery, but only through conversion to commons. You cannot re-age 7.5b in preferreds if there is no cash to account for it. Re-aging debt is possible and would make sense. They are getting cash payment and can put that cash right back into Newco to increase business opportunities and potential use of NOLs. This makes great sense to a debtholder that will be getting a large equity stake in Newco from the conversion of their preferred stake. Hint: It is our SNH enemies!

5. There is no big fish that will be buying commons. They cannot outplay the resulting foothold that the SNHs will have on Newco. Commons are already overpriced based on conversion ratio and are at risk of further dilution by DIMEQ. Plus, there is no great value in Newco other than the NOLs which, at best case, are worth maybe 3b. More likely, NOLs may result in value of 200m or so if we are lucky.

6. I just do not see any hidden assets. It seems that any additional assets will go to liquidating trust if I am reading it correctly. So, if some state tax refunds show up later or BOLI/COLI brings in a few extra bucks, it looks like the creditors get the rest of their impairment and then it flows to WAHUQ. Thus, NEWCO appears to be based strictly on WMMRC and NOLs.

7. JPM and FDIC will win with this settlement. They have no reason to relinquish the tax refunds. I see nothing in the plan that would change that. The plan gives all equity a stake in Newco so we have to grant them full releases and cannot participate/join Anico fight.

Personally, the submitted POR and DS is crap. At best WMMRC is worth 400m now and maybe 600m over time from my estimations. I sense that new common shares may double over time from 1.50 to 3.00 per share which gives WAMUQ holders a move from .05 to .10 per old share and WAMPQ holders a move from $25 to $50. THIS DEAL STINKS TO HIGH HEAVEN. YOU CALL THIS A REAL RECOVERY???


Zitatende

MfG.L:)

nehm es mir nicht übel, musste grinsen, du treibst dich auch überall rum?

	Actionfilm, USA 2010
Faster   Driver wird nach 10 Jahren  Gefängnis entlassen. Im letzten Gespräch mit dem Aufseher erzählt dieser  ihm, dass er versuchen sollte, ein besserer Mensch zu werden.

Ich hisse die weiße Fahne. Wäre um Aufklärung ebenfalls dankbar. Hatte vorhin nicht ein User geschrieben, dass sein Bruder Englisch-Prof wäre...? Please help!

Schnurrstracks war der User mit dem besagtem Bruder...

MfG.L:)

ich mach mich jetzt vom Acker ...

GN8

MfG.L:)

Mr. Rotella and Mr. Schneider were able to hang on to other claims that they have filed in the WaMu bankruptcy: Mr. Rotella retained a retirement account valued at $5.4 million, while Mr. Schneider kept a $1.9 million claim. It is unclear whether WaMu will pay these claims, of course. If it does, the executives will have to pay taxes on them.

“Pretty soft,” is how Senator Carl Levin, the Michigan Democrat who heads the Senate’s permanent subcommittee on investigations, characterized the settlement in an interview on Friday.

“Washington Mutual Bank epitomizes everything that went wrong with the banking industry and contributed to the financial crisis, so the F.D.I.C. was right to go after the bank’s leadership,” Mr. Levin said in a statement issued on Tuesday. “Former WaMu executives Killinger, Rotella and Schneider are truly the 1 percent: they got bonus upon bonus when the bank did well, but when they led the bank to collapse, insurance and indemnity clauses shielded them from paying any penalty for their wrongdoing.”

Officials at the F.D.I.C. said they were pleased with the settlement and that it maximized its recoveries. The $64.7 million will be combined with $125 million that WaMu’s holding company agreed to relinquish to the regulator.

Although the settlement probably disappoints anyone hoping executives might be held personally accountable, it does illustrate what regulators are up against when litigating these matters.

For starters, the F.D.I.C. faced a time constraint. The insurance policies being tapped by the regulator were declining steadily in value as others making claims against the bank were paid.

The F.D.I.C. also had to confront the circular nature of the continuing WaMu bankruptcy and the claims being made against the institution. If the regulator had asked for higher payments from the former executives, the men could have turned around and requested that the bankrupt company pay the amounts under its indemnification policies. If the company did have to cover the F.D.I.C.’s requests, it could reduce the $125 million that WaMu has agreed to give the regulator.

Given these risks and the costs of continuing litigation, the F.D.I.C. said, it made sense to complete the $64.7 million deal.

Lawyers representing Mr. Killinger and Mr. Schneider did not respond to requests for comment.

Mr. Rotella issued this statement through a spokesman: “I believe the facts clearly demonstrate that during my brief tenure at WaMu, my efforts substantially reduced risk and addressed highly challenging business problems that predated my arrival. I continue to strongly dispute the F.D.I.C.’s allegations and regret that we did not have more time to finish restructuring WaMu successfully.”

Mr. Levin’s dismay over the settlement probably arises from his deep knowledge of WaMu and its practices. After all, he led the Senate’s 2010 investigation into the origins of the financial crisis, producing a 650-page report on actions taken by WaMu, Goldman Sachs and the credit ratings agencies, among others.

Mr. Levin’s office referred the findings to prosecutors for possible follow-up. Not much has happened since.

The damning report detailed WaMu’s questionable operations as well as those of its regulator, the Office of Thrift Supervision. That feckless agency was responsible for overseeing three of the biggest disasters in mortgage lending history: Countrywide Bank, IndyMac Bancorp and WaMu. Mercifully, the Dodd-Frank law put an end to the O.T.S., folding it into the Office of the Comptroller of the Currency.

ARE the WaMu executives out of the woods? They’re getting close. Last summer, the Justice Department shut down its criminal investigation into WaMu and its officials, concluding that the evidence it had amassed “did not meet the exacting standards for criminal charges in connection with the bank’s failure.”

Mr. Levin noted that the O.C.C. could still act against WaMu’s former executives.

“There are some real possible enforcement actions they can take to go after civil money penalties,” he said. “They have the ability to go after securities violations for securities WaMu issued that were defective or misleading, unsafe and unsound practices, breach of fiduciary duty, general disregard for banking regulations — there’s still a way to get more accountability.”

Asked whether the O.C.C. would pursue such actions, a spokesman declined to comment.

Unfortunately, the agency’s history does not suggest that it will act aggressively on this matter. If past is prologue, the accountability deficit that many Americans find so disturbing is likely to grow even larger.
A version of this article appeared in print on December 18, 2011, on page BU1 of the New York edition with the headline: Slapped Wrists At WaMu.

www.nytimes.com/2011/12/18/business/...lapped-wrists.html?_r=1

Gruss
DigiTig :-)

Hallo Staylongstayc,jeder hat ein Recht auf Meinung,und ich kann und möchte deine nicht ändern.Wenn dir sein Posting  nicht gefällt,dann ist es halt so,dennoch Ich bin und bleibe anderer Meinung.Das,worauf es ankommt hat Er auch hiermit gut erklärt:Die Abrechnung dafür bekommt er GANZ SICHER am 22.12.2011. Auch wenn JMW nicht gewillt ist ihre Zeit damit zu vergeuden (...was sie auch nicht muss), wird es E. Sargent sein, der zeigt, wo es lang geht. Das weiß BR natürlich auch, doch darauf kommt es ihm sicherlich nicht an. Seine Kalkulation lautet vermutlich 9.- 12.12. = 64 Stunden á US$ 1050 = 67,200.00 ...sonst nichts!    
.Wie oft wurde "hin und hergerechnet" Commens kriegen "krümmel" o,ooo1 cent,Preffs kriegen so-und soviel wahuq=so und so viel. . Sein (Zitat) beantwortet gut,was Er denkt:" Außerdem verstehe ich die ganze Umrechnerei nicht. Das Volumen, der im Handel befindlichen Commons beträgt 1,7Mrd. Stk., unabhängig davon, wie die DIMEQs zu betrachten sind (die außerdem nicht unbewertet dem Equity zugerechnet werden, würden sie JPM abgesprochen!) ...für UNS ändert sich dabei nichts (oder nur wenig)"(zitat Ende)!ES trifft es auch auf den Punkt,denn:.Wir machen Uns selbst verrückt,aber haben die "besten Karten"!!Ich finde auch,das Rosen bestraft werden sollte,falls es wieder Mal ne Falschmeldung ,bzw.bewusste Täuschung der Aktionäre sein sollte.Vielleicht,wäre wieder Mal  eine "objection" von united verfasst fällig?,oder  Wir zeigen Ihn an,z.B durch eine  "Strafanzeige" an die Us-justiz, wegen: wiederholter, " versuchter" Irreführung der Aktionäre!!Ich finde er hat es verdient,so wie Er gegen Uns arbeitet,allemal.Denn wenn in Wahrheit,alles Viel,viel besser ist,als er Uns wissen lässt,und das "angebliche"Settlement ganz anders aussieht,warum hat Er dann solchen "Stuss" verbreitet??  Aber das glaube Ich,wird  uns jemand anderes abnehmen,falls es wirklich so wäre. Nämlich "Susman" wovon Du ja genauso wie meine Wenigkeit ein Fan bist.Kannst auch gerne "ein" Susmanfan sein,denn Ich bleibe es Auf jeden Fall!! keine Kaufs-oder verkaufsempfehlung                      MfG.Susmanfan

B. _osen haut einen POR nach dem anderen raus etc.etc....und immer uns zum
Nachteil!!
Ich habe die Befürchtung das M.W irgendwann mal das ding durchlässt.
So wie ein Schiedsrichtrer einen "elfer"  Irgendwann ist er drinn!! und wir haben das
Spiel verloren.
Wenn nun bald nicht etwas Wasserfestes von unesrem EC kommt sehe ich schwarz!!!
Medi... läuft anscheinend noch , aber warum ???
Da müsste _osen doch gar keinen POR vorher raushauen ???  Absoluter Unnsinn!!!
Was hat Susmann in der Hand ???
Was muss er jetzt noch u verhandeln ???

Abwarten bis zum Medi... endbericht!!!

olle

......daß die HF`s behauptet haben : " Aber euer Ehren,......auch wenn es
angeblich Insiderhandel war,......wo hatten wir da einen Vorteil, ......oder etwas verdient. "
 Damals hatten sie recht.
Heute nicht mehr. Jetzt liegt der Vorteil auf der Hand ( Einflussnahme in der
Aktionärsstruktur) . Damit hat Mary Handlungsbedarf .

Insider Tr. gleich Strafbar = Knast !!!
Hegis müssen blechen .

Aber nicht in Delware !!!
das soll später kommen .

.......sich geeinigt. Glauben sie . Dabei haben sie blos den Kellner bezahlt.
Warten eir ab , was passiert, wenn sie der Wirtun über den Weg laufen.
Sie werden sagen : "Aber,......wir haben doch schon bezahlt!"
Die Wirtin wird sagen : " Ja ja,....das schon,.....aber ihr habt das Trinkgeld vergessen!"
Und das bekommen die Dimeq, die alten Groschenreiter.

"Also Willingham ist von dem" Ergebnis "sehr zufrieden! Das sollten soweit alle kapieren.
Jetzt wird hin und her gerechnet und alles, was dabei heraus kommt ist, dass die Aktionäre im Endeffekt sogar noch weniger bekommen, als der Kurs im Moment steht!"

Von was für einem  ergebnis denn???
Es gibt noch keins!!!
Medi laüft noch , und dass erg. Zählt .
Ich hoffe das EC. kann uns das sehr bald erklären .

I found this on IH by "Civil War General" and thought it was a very interesting read...
www.distressed-debt-investing.com/2011/12/...al-and-dimeq.html

The max upside in this case for DIMEQ that would result from being classified as a Class 12 GUC claimant or an equitable lienholder is about $3.00 per LTW (versus today ~ 65 cents) before post-petition interest if the full $337 million reserve goes to the LTW Holders. If the federal judgment rate is applied to that award for 3.5 years it moves the recovery up to about $3.20. On the downside, if DIMEQ is deemed to be Equity and if the Debtor prevails in applying the improper conversion rate then the worst scenario based on Plan value would put the DIMEQ security between $0.07 and $0.10.

olle

Habe von Edgar Sargent folgende Auskunft bekommen:

"A letter from the Equity Committee will be sent out with your ballots in January. I expect a draft of the letter to be filed with the Court Monday and available on the public docket."

"Weil , Gotschal & Manges " mit vollem Bewußtsein in aller Öffentlichkeit
des Betruges bezichtigen"
Hiermit rate ich allen Personen ab , die Dienste dieser Firma in Anspruch zu nehmen.
Und keine Sorge,.........ich habe dieses kompromitierende E-mail von JPM an WG&M
nie gelöscht,......und sogar rauskopiert.
 Warum mußte eine Expertise, die besagt , daß eine Klage gegen JPM mit an Sicherheit
grenzender Wahrscheinlichkeit erfolgreich ist , "Under Seal" gehalten werden?
Diese Brut wird hoffentlich bald vergangenheit.
Martin Bienenstock haben sie abgesägt, als er für das EC gearbeitet hat.
Was war die Begründung ??    "INTERESSENSKONFLIKT!"
Nur , weil Bienenstock mal bei WG&M gearbeitet hat.
So ein verlogenes Dreckspack hab ich überhaupt noch nicht gesehen.
Des is ois oa Bünkibuachthodan!!!!!

As of the Effective Date, the Reorganized WMI Interests will not be listed for trading on any national securities exchange or other organized trading market. Consequently, the liquidity of the Reorganized WMI Interests will be limited as of the Effective Date. The future liquidity of any trading markets for the Reorganized WMI Interests will depend, among other things, upon the number of holders of the Reorganized WMI Interests, whether the Reorganized WMI Interests are listed for trading on a national securities exchange, or other organized trading market at some future time, and whether Reorganized WMI begins to file reports with the SEC pursuant to the Exchange Act. In this regard, Reorganized WMI is deemed to be a successor to WMI for the purposes of the Exchange Act and will continue to be subject to the reporting requirements of the Exchange Act until Reorganized WMI has less than 300 holders of record of Reorganized Common Stock and files a Form 15 with the SEC to suspend its reporting obligations under the Exchange Act. Periodic SEC reporting is a requirement for listing the Reorganized WMI Interests on a national securities exchange.

The definition given for "Reorganized WMI Interests":

Quote

...Reorganized WMI will issue the Runoff Notes and Reorganized Common Stock (collectively, the “Reorganized WMI Interests”)

So it looks like NewCo stock "will not be listed for trading on any national securities exchange or other organized trading market" as of the Effective Date, and that the DS does not specify if or when NewCo stock will eventually (after the Effective Date) be "listed for trading on a national securities exchange". It does not appear that there is an absolute prohibition on trading of NewCo stock, so it is possible that a private market could develop whether or not the stock eventually becomes listed on a public exchange.

(This is in contrast to the situation for Liquidation Trust interests: "the Liquidating Trust Interests are not transferable or assignable except by will, intestate succession or operation of law. The Liquidating Trust Interests will not be listed for trading on any national securities exchange or other organized trading market and the Liquidating Trustee does not intend to take any action to encourage or otherwise promote the development of an active trading market.")

An obvious question regarding this initial lack of public listing/trading market for NewCo stock: is this situation the result of either some conspiracy by our opponents or a lack of effectiveness of our representatives? From what I can tell, the answer to this question is "no".

First, here is the language contained in the DS for the original POR6, dated 10/6/2010:

Quote

VII. CONSEQUENCES UNDER THE FEDERAL SECURITIES LAWS
C.   Listing and Potential SEC Reporting.
As of the Effective Date, New Common Stock will not be listed for trading on any stock exchange or trading system and Reorganized WMI will not file any reports with the SEC. Consequently, the trading liquidity of New Common Stock will be limited as of the Effective Date. The future liquidity of the trading markets for New Common Stock will depend, among other things, upon the number of holders of New Common Stock, whether New Common Stock becomes listed for trading on a stock exchange or trading system at some future time, and whether Reorganized WMI begins to file reports with the SEC. In this connection, if the number of record holders of New Common Stock exceeds 500 as of the end of any fiscal year of Reorganized WMI, then Reorganized WMI will be required to register New Common Stock under the Securities Exchange Act, and, thereafter, to file periodic quarterly reports on Form 10-Q and annual reports on Form 10-K (containing audited financial statements) with the SEC. Periodic SEC reporting is a requirement for listing New Common Stock on a stock exchange or trading system.

Second, as stated in the last sentence of the quote just above, "Periodic SEC reporting is a requirement for listing New Common Stock on a stock exchange or trading system". Here's something from the SEC about reporting requirements under the Securities Act:

Quote

If your company is subject to the reporting requirements, it must file information with the SEC about:
(a) its operations;
(b) its officers, directors, and certain shareholders, including salary, various fringe benefits, and transactions between the company and management;
(c) the financial condition of the business, including financial statements audited by an independent certified public accountant; and
(d) its competitive position and material terms of contracts or lease agreements.

Well, the NewCo obviously can't report anything right now for (b), and I'm guessing that the audited financial statements of (c) will require the business to have been in operation for some period of time after the effective date (remember the MOR disclaimers regarding unaudited numbers there?).

After some period of proper SEC reporting then NewCo could presumably apply for listing on an exchange that would enable public trading. I took a look at NYSE listing requirements here:
usequities.nyx.com/regulation/...pliance/listings-standards/us

Quote

Listing Standards – U.S. Standards
Domestic listing requirements call for minimum distribution of a company's shares within the United States as well as minimum financial criteria. Distribution of shares can be attained through U.S. public offerings, acquisitions made in the U.S., or by other similar means.

There are a whole bunch of variations on ways to meet the listing requirements which are shown on the page linked above, mainly on financial criteria, and most of those appear to require at a minimum a 12 month history of operations.

My conclusion: neither the EC nor any other parties had any influence on this issue of public listing of NewCo shares. It appears to me that an initial period of time (at least one year, perhaps more) with the stock unlisted (and therefore no liquid, public trading market) is unavoidable.

Ja, und ich wurde hier mit dem anderen Account (Memory193) rausgecancelt als ich schrieb (mit Link´zu den 10 heftigsten MC's in Amiland) das man diese Angelegenheit eigentlich nur noch mit Gewalt klären kann..........

....und es ist meiner Meinung nach immer noch die einzige Möglichkeit diesen Fall korrekt zu beenden.......

(Merke: Die "!Hells Angels" sind die heftigsten in Amiland, und die "Bandidos" stehen lediglich an 8-ter Stelle)

Hi,

Übersetzung aus der Antwort von Sargent (173348)

"Ein Brief vom Billigkeitskomitee wird mit Ihren Stimmzetteln im Januar verbreitet. Ich nehme an, dass ein Entwurf des Briefs mit dem Gericht am Montag abgelegt und auf der öffentlichen Falliste verfügbar wird."#

S t i m m z e t t e l  - Für wen? Worüber?

MfG