Followers | 203 |
Posts | 13653 |
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Alias Born | 10/26/2008 |
Thursday, September 21, 2017 8:58:14 PM
• We have proven there are assets that have been legally shielded-Safe Harbor
• All Creditors have been paid in the WaMu Estate except for about 49 million to Piers AND effective on 9/29/2017 ALL (13%) RUNOFF NOTES paid in full
• Banks bonds are JPM/FDIC responsibility
• Also we have proven via JPM/FDIC/DB of billions in MBS Certificates
• JPM has shown in their 7/14/2017 8K Financial Supplement filing they received 643 million
• At the very bottom of page 23 in Financial Supplement Filing in footnotes of the 8K
https://www.sec.gov/Archives/edgar/data/19617/000001961717000472/0000019617-17-000472-index.htm
• There are “tens of billions” more in MBS Certificates that have been legally shielded
• Each of these certificates had a minimum ownership of 25%
• WMIH owns the Equity Value and WMILT own the Assets
• When NewCo/WMIH moves forward WMIH will have to do business with WMILT
• Remember, WMIH-has authorized and shelf ready a total 3.5 billion common WMIH shares and a total of 10 million WMIH Preferred shares to immediately use in an EXCHANGE EVENT with the owners of the former WaMu Estate which are now those investors who hold Escrow Share/Markers in their brokerage accounts
• No one can outright own the trust but can own the equity value and income stream
• For cash balance we understand that will be distributed 75/25 to Preferred/Common Equity
• As this moves forward MAYBE the Preferred/Common Equity Shares/Markers become tradeable
• If players make these tradeable the income stream may go to Preferred/Common at 75/25 after accumulated balance distributed
• The future income stream could be distributed to Preferred/Common Equity Interests for many years to come
• WMIH shares would be enhanced by their ownership of interest they have in the trusts
• Hence Fair/Reasonable – Income stream to Preferred/Common Equity interests at 75/25
• Then NewCo/WMIH shares will be inflated due ownership and avoid taxes with NOLs
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