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Re: tanjazielman post# 489589

Friday, 09/29/2017 10:25:17 AM

Friday, September 29, 2017 10:25:17 AM

Post# of 734345
They did NOT "pay out 95% of the claims", they payed out 95% of the $2.76B receivership assets minus JPMCs $645M administrative fees for the settlement as I have explained here

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134998195

Big difference!

Folks,

Assuming, that it's true that FDIC receiver only distributes WMB cash and assets to it's creditors, and NOT WMI assets.

In that case, the September 26 2017 event caused the WMB Receivership to pay out 95% of the claims against the receiver (from the FDIC update).

So we can say that this event caused a significant flow of money.

What if, the assumption is true that the FDIC doesn't handle the WMI assets.

Distribution of WMI assets and cash, with the 26 September 2017 event (ie. Safe Harbour Assets) would flow directly to WMILT.

PIERS Class 17 got a full recovery. I think that is a big tell (BIG) money flowed to the WMILT, and believe their next scheduled Nov 1 date will be the date that class 18 (handled by FDIC) will be paid off, AND equity too.

This considering WMIH needs to move forward before the end of 2018 too.

Any ideas?


=====> Just my personal opinion, no investment advice!
=====> I am long WMIH

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