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Alias Born | 10/26/2008 |
Wednesday, September 17, 2014 7:22:23 PM
There are many reasons for this and there is no reason to try and keep convincing people of the separate process as this has all been proven on this board and other forums. There still are tranches five and six to work through where there are over-funded claims, claims show as assets, court registry accounts that have been sealed and so much more.
So when the P&A is officially closed with JPM resulting in some form of accountability and distribution of remaining assets, official closure of the WaMu bankruptcy case, whenever that is, only then will we know what is coming.
Thanks goes to another Poster Ron who is helping me understand that this may all end simultaneously or very close to that meaning which would make sense when one realizes there are 25 missing filings. This of course, unless the FDIC pushes out the official close of the P&A closure but the 9/26/2014 deadline is the one the FDIC has set so that is the only reason I have used it over these last many months.
Many actions that have to happen such as Piers paid or not, P&A official closure, tranches 5/6 worked with claims as assets/over-funded claims, bankruptcy case finality and then the possible capitalization of WMIH due to the aforementioned. Anyone of these actions worked separately will have a domino affect on the others. Of course and as always, all in my humble opinion.
WMI v. FDIC
#0026 thru #0050
https://www.kccllc.net/wamu/document/list/3921
We jump from Court Docket: #0025 [Date Filed: 8/14/2014] to Court Docket: #0051 [Date Filed: 8/15/2014]
CREDITOR INVESTORS = ZERO/FEW ESCROW SHARES-NO HOPE
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
EQUITY INVESTORS = AN ABUNDANCE OF ESCROW SHARES=LARGE DOLLARS
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