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Monday, October 16, 2017 9:25:57 PM
So the reason I say WMIH moves ahead before year-end 2017 (I still believe we see an 8K by Halloween/2017) is because they have so much as told us in their 2nd quarter ending 10Q.
This filed late July by reading note #9 from the 10Q below not to mention paying-off the Run-off Notes way ahead of time. This is the reason I now have NO DOUBTS WMIH will move ahead at the latest by year-end 2017.
http://www.wmitrust.com/wmitrust/document/8817600170728000000000001
Note 9: Investment in Subsidiaries Since the Effective Date, the Trust had five (5) dormant subsidiaries without any active business operations. The subsidiaries adopted a plan of liquidation in October 2012. The assets held by these subsidiaries were comprised solely of cash and cash equivalents.
On June 23, 2017, four of the subsidiaries were merged with and into the last remaining subsidiary, WaMu 1031 Exchange. Prior to such mergers, such subsidiaries distributed their remaining cash to the Trust. The Trust received $444,333 on June 27, 2017. The last subsidiary, which no longer has any assets, is expected to be dissolved by December 31, 2017.
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