“Should be public within 60 days. We are working on (fixing and) selling homes. Not sure when the next distribution will be.”
That is the update today from Michael Goldberg the manager of the bankruptcy trust. So bad news is the next distribution is not targeted – good news is the effort to make the “shares” in the bankruptcy publicly traded and therefore liquide, is closer to being accomplished.
I can’t say what the ‘going public’ will mean to any given person, but I’m sure its an advantage generally. Interest rates continue to trend down – that’s a big help to sellers of real estate.
I wish I had something more solid. I will keep on this watch.
Lessons Learned from the Woodbridge Scam 
Thanks Greg. Not really what I wanted to hear. So what does it mean by going public?
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I’ll call soon
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This does not seem to be what was voted on and agreed too.
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Seems much slower than I would have expected …. ain’t a moon launch.
But the delay is working in our favor no doubt with the rates falling – that’s always good for sellers.
One thing is labor shortage nationwide; there are several 20 to 30 story projects in Denver that simply aren’t progressing due to labor not being available to complete. I was in Bozeman MT a week ago … most restaurants don’t do dinner any longer (close at 2) due to in ability to get staffed for the dinner shifts.
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Thanks for the information .very nice of you to keep us informed
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Such as my ‘informed’ is … sometimes pretty thin soup.
back when i know more
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Greg is going public a good thing or bad thing for us?
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Good from the argument of liquidity, i.e. could sell out.
but I don’t see this practically working … who are the buyers? what broker/dealer would want to handle this? who besides another Woody (victim) would consider buying these units??
I’ll buy your units for 10 cents on the dollar … you’d be a fool to sell for that.
I say, list the real estate, sell it and pay out the funds regularly ….
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So, am I the only one confused by what is going on? My mother’s money from Woodbridge real estate sales is put into the stock market. If she wants her money, she finds a financial adviser to sell shares from the stock market? When does she do this?
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I’m not sure. What did you find to read on this?
Educate me a little plz
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I haven’t found anything. I’m surmising that we’ve been told that it would be put into the stock market.
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Not the stock market really, just issuing ‘shares’ that can be traded by some mystery – yet to be named broker dealer that will be willing to handle these ‘shares’.
I’m sceptical any broker/dealer will want to handle these frankly – too small, too few, too thin of a market.
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Thank you for that clarification.
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Happy to help
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Hi; What do you think about Contrarian Funds LLC possible offer to buying Class A Liquidation Trust shares? At what price would that make sense and will there be other costs? Present Share value is set at $71.25 each share, the $75 less the 5% distribution.
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What were you sent on this? I think you know more than I.
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I noticed that it said Class A would that be the remainder that we have coming to us?
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Where did you read that? I need to find what you are seeing/reading.
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Hi Greg, i received the mail from contrarian capital management also for class A liquidation funds. Offering $10/ trust interest. Not sure how to send you a copy.
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i got the material – same for everyone.
I just ran the numbers here with a Woodbridge Note person this a.m. … we came up with 14 cents on the dollar. That’s the offer Contrarian (more or less) is offering to buy you out.
Not something I’d consider
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