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Monday, December 11, 2017 12:06:30 PM
I still contend this amended financing arrangement MAY still be the backup plan and that the real truth comes out between EOY 2017 and 1/5/2018 in that this financing will never be used. If WMIH has access to assets as I suspect happened recently or in a few weeks, then this amended financing MAY never be needed.
I still find it very hard to believe that WMIH could NOT find ANYBODY to buy from the "Effective Date" of 3/19/2012 until current time if this REALLY were the plan they were/are pursuing...I call BS on this and still do.
Remember, there are tax attributes that if one was to wait until the very end of a calendar year where the tax attributes MAY be utilized to their max, then this may very well tie in with the 180 maximum calendar day 1031 Exchange that WMILT discussed will be closed by EOY 2017 in their 2nd quarter Q filing.
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