Wachovia Corp (Charlotte) (fka WAVAP)

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Live Updating

puckhead

01/09/09 2:17 PM

Post #33

Re: #32: @buxmaker - WAVAP is back in your account? You

bux..True but the price well under what the post split price should have been......

As I stated WAVAP was back in my account but with the post split share Quantity...

buxmaker

01/09/09 10:07 AM

Post #32

Re: #31: @puckhead - Same here. Scottrade did the same thing

WAVAP is back in your account? You should be damn happy. It traded up several thousand % yesterday.

puckhead

01/09/09 8:33 AM

Post #31

Re: #30: @buxmaker - What on Earth is going on here.

Same here. Scottrade did the same thing to me..............
On 1/2/09 I had WAVAP delivered out of my account and on the same day I had WELLS# Received on a 1 for 1000 split which I expected. According to the terms of the take over it was to be delivered as a
Wells Fargo preferred Series G position. I emailed Scottrade on Wednesday after seeing no Activity on WELLS# but WAVAP still trading up above my cost basis. So I emailed them to ask WTF was going on. Never hearing back from them I noticed that WAVAP was back in my account and still R/S'd. I placed a call to my local office and my question was never really answered by the Scottrade Rep.
Which was simply to explain the reversion back to WAVAP without any documentation within my account.
I have huge problem with this.

What is the old and present CUSIP and who is the transfer Agent?

buxmaker

01/08/09 2:34 PM

Post #30

Re: #29: @gabkok - If it is going to be liquidated, I

What on Earth is going on here. WAVAP is up from .002 to .50 in two days.

My shares were converted to shares of some sort of undefinied Wells Fargo preferred at a 1000 to 1 ratio last Friday, without my knowledge.

I assume that this was done for all holders, yet today the WAVAP's are still trading and up massively.

Anyone know what is up here?

BUX

gabkok

11/09/08 11:50 PM

Post #29

Re: #28: @puckhead - As a holder of this DEP I am

If it is going to be liquidated, I will add more to my holdings at current price.

puckhead

10/28/08 11:23 AM

Post #28

As a holder of this DEP I am not entitled to any dividends but the 1 cent per share still stands...I just wonder if the purchase of Wachovia will cause the liquidation. I don't want to wait another 12 years to cash out ......lol

gabkok

10/28/08 10:18 AM

Post #27

Re: #25: @puckhead - Define "Corporate Liquidation"....I wonder if the sale of

May be WAVAP will be replaced with preferred shares from the acquirer.

jscot

10/17/08 6:53 PM

Post #26

Last Price (USD) $ 0.002
Change ◊ 0
Bid 0.002
Ask 0.003
Volume 370,054
Day's Range 0.002 - 0.002

puckhead

10/06/08 11:55 AM

Post #25

Define "Corporate Liquidation"....I wonder if the sale of the Company qualifies as Corporate Liquidation

Additionally, in the event of a corporate liquidation, holders of DEPs would be entitled to receive, before any distribution is made to the holders of common stock or any other junior stock, but after any distribution to any class or series of preferred stock established by Wachovia’s board of directors after September 1, 2001, an amount equal to 1 cent per DEP, together with any accrued and unpaid dividends. The holders of DEPs will have no other right or claim to any of the remaining assets of Wachovia.

waller

10/04/08 4:35 PM

Post #24

Re: #23: @gabkok - Here is something from Wachovia website:

Thanks thats good to know. I'm glad I sold out a long time agon

gabkok

10/04/08 12:47 PM

Post #23

Re: #15: @waller - Will Wachovia ever do anything with this stock?

Here is something from Wachovia website:

What are Wachovia Dividend Equalization Preferred Shares, or DEPs?

These are preferred shares issued by Wachovia in connection with the September 1, 2001, merger between First Union and the former Wachovia to shareholders of the former Wachovia who elected to receive the DEPs rather than a one-time cash payment of $0.48 per share. This new class of preferred shares was intended to ensure that a holder received dividends equal to the difference between the last dividend paid by the former Wachovia (equivalent to 30 cents per share) and the common stock dividend declared by the combined company.

Dividend rights of the DEPs ceased following the fourth quarter of 2003 common stock dividend payment, when Wachovia’s total dividends paid to common stockholders for four consecutive quarters equaled at least $1.20 per common share.

Dividend Equalization Preferred Shares (DEPs) are not listed on a stock exchange. The DEPs CUSIP number is 929903 20 1.

Do my DEPs have any value now that the dividend rights have ceased?

After December 31, 2021, at Wachovia’s option and with 30 to 60 days prior notice, the DEPs may be redeemed for an amount equal to 1 cent per DEP, together with any accrued and unpaid dividends.

Additionally, in the event of a corporate liquidation, holders of DEPs would be entitled to receive, before any distribution is made to the holders of common stock or any other junior stock, but after any distribution to any class or series of preferred stock established by Wachovia’s board of directors after September 1, 2001, an amount equal to 1 cent per DEP, together with any accrued and unpaid dividends. The holders of DEPs will have no other right or claim to any of the remaining assets of Wachovia.

The DEPs have little or no economic value. As provided in the terms of the DEPs, following payment of Wachovia’s fourth quarter dividend in December 2003, holders of the DEPs are no longer entitled to receive future dividend payments. This is because Wachovia paid in excess of $1.20 per share in dividends in the aggregate over the preceding four quarters.

Contact your broker regarding the market value of your DEPs. The market value is likely to be affected by liquidity issues since very few, if any, brokers are making a market in the DEPs.

INDY

10/03/08 10:42 PM

Post #22

CHART:

INDY

10/03/08 10:41 PM

Post #21

NEWS 10/3/08:

Statement by Major Shareholders of Wachovia Corporation

SAN FRANCISCO, Oct 03, 2008 /PRNewswire via COMTEX/ -- As major shareholders of Wachovia Corporation, we are very pleased to learn of the proposed transaction by Wells Fargo. From what we have learned to date, the transaction is in the best interests of shareholders, creditors, the deposit insurance fund, other stakeholders and taxpayers.
A transaction that keeps Wachovia's nationwide franchise intact and recognizes Wachovia's value as a well-capitalized institution with strong earnings prospects is a far better outcome than what had previously been proposed. Although very little has been made public about the proposed arrangement with Citibank, we question a structure that results in a break-up of the franchise and a downsized company with an uncertain future.

Wachovia was and remains a stable and well-capitalized entity. The interests of the deposit insurance fund are best served by pursuing a private transaction that acquires the whole Wachovia enterprise and with no risk to U.S. taxpayers.

We have spoken with major shareholders and understand that many others support the positions stated in this letter.

These views represent individual views of each shareholder, we are each preserving our right to act independently, and we are not committing to any joint course of action.

Davis Selected Advisers, L.P.

Dodge & Cox

Sandler family interests

INDY

10/03/08 10:40 PM

Post #20

SEC 1Q FILED 8/11/08:

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6092516

INDY

10/03/08 10:39 PM

Post #19

CONTACT INFORMATION:

Wachovia Corp.
301 South College Street
Suite 4000
Charlotte, NC 28288-0013

puckhead

10/03/08 11:21 AM

Post #18

I wonder if the Wells Fargo or CitiBank deal will affect WAVAP at all....

stockrookie23 Free

07/23/08 12:05 PM

Post #17

so this stock seems just about dead...

BigBadDurden Free

06/12/08 3:19 PM

Post #16

up 200%...wonder whats going on

waller

07/06/07 2:25 PM

Post #15

Will Wachovia ever do anything with this stock?

Any thoughts anybody?

Recognizer Free

01/30/07 11:13 PM

Post #14

indicators looking better

Branzino

08/03/06 6:48 PM

Post #13

C'mon .01 EoM!

saveras

05/25/06 1:29 PM

Post #12

what is this stock doing??

Branzino

05/09/06 1:18 PM

Post #11

Wachovia mergers with Golden West... I wonder if they will distribute the DEP'S like the did with the other mergers.

We will rebound!

Branzino

04/22/06 12:36 PM

Post #10

Let's mone up ~~WAVAP~~ EoM

Branzino

04/20/06 4:13 PM

Post #9

Wonder what tomorrow brings...

Branzino

04/12/06 1:37 PM

Post #8

Yeah, its only a matter of 2 week or less until we hit at least .03 for a high. There is a meeting that Wachovia Corp (new) Ticker : WB is holding, that is going on 18 of April 06, next Tuesday.

I think it would be that day or after that the pps would grow wings and fly, I feel real good about next week. We are locked and loaded, baby!

The Branzino

bUrRpPPP!

04/06/06 12:15 PM

Post #7

Re: #5: @Branzino - Share are being bought up....EoM

Should start getting some real action starting later next week. Someone is loading up before the E-mails start going around about the dividend...happens every year!