Haven't Heard About the Extra 4% in Equity to be Held Aside?
- Thread starter NYer
- Start date
2ndGENAMT said:
WeAAsles said:
TWU using union members money (equity) to pay a grievance? What a crock of bovine excrement!
Per Weasel: I am the TWU. I need to participate. I don't recall getting to vote on that crap the TWU allowed.
Had enough yet? I have!
TWU GOTTA GO!
My last distribution #'s
Initial day one distribution $10,440
The last distribution 28% = $2,923
Divided by $35.78 share price
Equals 81 shares before reserve and taxes
I received 77 shares after reserve
The TWU took 4 shares, another 4.9%
I received 43 after taxes and reserve
Just divide your initial distribution by .52 and you'll get what your total dollar value was. If you then take 14% of your total value, that will be approximately what TWU is holding.
In my case, the reserve being held is about $2,810.
Don't beat this dead horse.
Initial day one distribution $10,440
The last distribution 28% = $2,923
Divided by $35.78 share price
Equals 81 shares before reserve and taxes
I received 77 shares after reserve
The TWU took 4 shares, another 4.9%
I received 43 after taxes and reserve
Just divide your initial distribution by .52 and you'll get what your total dollar value was. If you then take 14% of your total value, that will be approximately what TWU is holding.
In my case, the reserve being held is about $2,810.
Don't beat this dead horse.
Ok,, so now the union owes me another approx $3k assuming they win. And the company owes me more $$ for the match assuming they win or lose, I haven't quite figured that out yet.
My God... the company and the union have turned this into such a fiasco that it literally takes years and years to resolve and all the employees/members get eaten alive by the same ones that created the mess.
My God... the company and the union have turned this into such a fiasco that it literally takes years and years to resolve and all the employees/members get eaten alive by the same ones that created the mess.
They do suck! The TWU should have sent us an individual statement at the time of each distribution. But, they kept telling us that they had no clue as to the amount of the shares/values of shares we were entitled to until day 120.. Using that logic, they would not know what were entitled to till the very end? But on the first distribution they knew, so why not send us a statement showing us the math? We never received a statement with any of the distributions up until day 120. With that distribution they come out with the calculator. The TWU did backwards math to prove that what we have in our accounts is correct, The statement should have also shown us all of the information, including the amount of shares or dollar value withheld in reserves with each of our distributions, This way we would have some idea as to what we would be entitled to if we win the lawsuit. But, we will never know any of this...because once again, the TWU is NOT BEING TRANSPARENT...and is not giving us any of the information that we are entitled to!AANYER said:
AANOTOK
Veteran
- Oct 10, 2009
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You stated "the original 5% was to be taken from the total which meant a cut from each distribution. According to court documents the other 5% plus 4% were to be taken from the final distribution".NYer said:
Then you said this "According to the wording in the Court Order, it seems there was enough value taken from the final distribution as to satisfy 14% of the total amount of shares distributed.
Maybe interpretation is wrong, but seems to me you are saying they took the total 14% from the final distribution. Otherwise, why would the comment even be necessary. We knew after 120 the 14% would be completely satisfied.
