InvestorsHub Logo
Followers 46
Posts 839
Boards Moderated 0
Alias Born 10/29/2013

Re: bkshadow post# 465673

Friday, 10/21/2016 8:21:31 PM

Friday, October 21, 2016 8:21:31 PM

Post# of 727367

(well here's the issue, the court documents, 7th amended confirmed plan, global settlement agreement, disclosure statement, equity support filings, equity Q&A, etc. are what is real and referenced; there is NOTHING TO DISAGREE WITH under the assertion that ALL OF SUCH DOCUMENT ARE FRAUDULENT.



No, the GSA is not Fraudulent. It is actually very clear:

"Without limiting the generality of the foregoing, on and effective as of the Effective Date, JPMC, as successor to WMB, shall (y) release any security interest in or lien upon the Admin Account and the monies contained therein and (z) release and otherwise transfer the Admin Account and the funds contained therein in accordance with the direction of WMI. To ensure allocation of any funds credited to the WMI Accounts and the Disputed Accounts in accordance with the terms and provisions of this Agreement, as soon as practicable following execution and delivery of this Agreement, but in no event later than five (5) Business Days subsequent hereto, JPMC shall take any and all action as is appropriate or as WMI may reasonably request to verify all amounts credited or debited to the WMI Accounts and the Disputed Accounts from and after the Petition Date and shall provide copies of all such documentation to the FDIC Receiver contemporaneously with the delivery thereof to WMI."

“Admin Account” shall mean that certain account, Account No.
xxxxxx1206, maintained by WMI at WMB and having a balance as of the Petition Date in the approximate amount of Fifty Two Million Six Hundred Thousand Dollars ($52,600,000.00)."

Knowing that "security interests" are deposited on this Admin Account, who knows what was credited on this account after the Petition Date.

And JPM turned over what was liquid to WMIIC, in which WMIIC turned it over to WMILT as per Turnover Action.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News