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stox, regardless of what happens or DOES NOT happen, this WaMu travesty will NOT BE OVER until the FDIC is OFFICIALLY released and the Receivership is OFFICIALLY TERMINATED/CLOSED
As subject matter expert and Certified Bank Auditor, CBA09 advised before mysteriously disappearing, we may have to wait until the "R" is officially closed/terminated
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Yes, still have a good reason to believe a COOP Material Event is imminent.
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Why the hell would anybody sell their Golden Goose? ANYBODY...ANYBODY...BUHLER?
BINGO!
I think if and when the filing arrives showing coop issuing shares to those who signed timely releases by 3/2012, does it include value associated with the filing? Huge question!
1) My answer would be if coop issues shares they MUST show what they are buying and from who due to being a public traded company
2) Unless coop is being taken private by say a DST called WMI who is owned BENEFICIALLY by those investors who signed timely releases and because WMI is non-public, it does not have to file disclosures like public traded corporations.
Then there would be a premium to take private around $55.00 or $60.00 a share in my view which would be way undervalued in my view
3) The other potential action would be for coop to issue shares and a delayed filing showing what those shares are for which would temporarily sink the price of coop due to dilution however, to me, this would seem nefarious and bring a huge spotlight which we know they do not want
4) Personally, I hope for number two to happen as those investors who signed timely releases would be receiving value in the (coop) company taken private
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Milk Duds, now that is a LARGE STYLE BINGO
Great assessment!
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OR if the 80 plus year old was working in a negative capacity possibly due to potential forth-coming information sometime this month, he was told a month or two ago that he would need to go silent.
Was the following POSSIBLY PREPLANNED for a KNOWN COMING EVENT?
1) Purposely told people many, many times he is an 80-plus-year-old man
2) He also let everyone know he was an educated subject matter experienced player in OPTIONS
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There has always seemed to me that coop equity price has always been kept very low for reason.
This may have to do with possible shares issued to those who signed timely releases such as preferred shares that the Players would want a very low strike-price of coop to convert preferred into commons.
To this point, this could explain why coop has always been held down…until those shares are issued and/or the strike price has been determined.
Maybe that is what just happened recently to explain why they have allowed coop to approach $50.00 again with the looks of going much higher.
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[b]Swami, thanks so much for the response and one could deem a potential silver lining but only time passing and filings will show us the way forward.
Take care and let’s hope for the best possible outcome.
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Thanks Bbanbob and thank you Swami as I would like to see how ETrade responded to you. Hopefully they shed some light on potential distributions
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PROOF OF DST IN AMENDED POR 7 MEANS ASSETS CAN NOT HAVE ANY OTHER MEANING
***KISS***KISS***KISS***KEEP IT SIMPLE STUPID***
________________________________________
As set forth in the Confirmation Order, the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.
Amended POR 7 signed by the court on 2/23/2012
________________________________________
One cannot open a DST without assets...YES IT IS THAT SIMPLE however there can be an argument made for how much, when but there cannot be ANY argument to those investors who signed timely releases who own the former WaMu Estate by signing timely releases by 3/2012 and will be BENEFICIARY RECIPIENTS OF THE DST WHEN THE MOVE FORWARD HAPPENS
I look for a COOP Material Event between NOW and the end of June but more precisely between NOW and June 16, 2023 further giving some details to our timely-signed releases by 3/2012, so I will further guess that the 8K filing happens on June 12, 2023.
This is not over until the FDIC has been released and the "R" is terminated and/or closed.
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The WaMu travesty is not over until the FDIC has been released and the "R" is terminated and/or closed.
All one has to know is that all it takes are a few signatures releasing the Perps and Big Money MAY flow but UNTIL the aforementioned happens, THIS IS NOT OVER.
Also, remember the Perps want to ensure they were the VERY last in line (tranche 4) where they controlled the Piers (part equity, part creditor) so they could receive ALL PURPOSEFUL LEFTOVERS under their original plans AND there would have been NO ONE LEFT to see the purposeful and legalized leftover theft, HOWEVER, they were caught!
Now we are riding their coattails (per Judge Walrath) waiting for the correct timing for distributions.
WMI became a DST the first week of March year 2012 and is not to be confused with WMILT (canceled on 12/31/2021) which number six of the seven deadly sins to ensure the legality of a DST is to ensure the pre-agreed timeframe for distributions is met.
NOTE: A DST CANNOT BE OPENED UNLESS THERE ARE ASSETS!
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***The Following Post Becomes MUCH MORE Relevant Now***
Think how the following fits in with the investors who signed timely (by 3/2012) releases AND how our BENEFICIAL OWNERSHIP INTERESTS play into the final closing of WMIH/NSM merger and/or as NSM CEO Jay Bray said they will be buying assets and not necessarily platform companies
__________________________________________
Timing-Good Time for Review-JPM Did NOT Purchase 615 Billion in Loans
Investigator Bill Paatalo: Why JPMorgan Chase did not purchase $615 Billion of WaMu Loans
https://bpinvestigativeagency.com/why-jpmorgan-chase-did-not-purchase-ownership-of-615b-worth-of-wamu-loans-in-three-simple-steps/
Investigator Bill Paatalo questions the practice of using “Substitution of Trustees”. Paatalo points out that WMAAC and WMMSC have never been dissolved and still exist. Although the loans did not go through the FDIC, Chase executes assignments from the FDIC in order to substitute trustees. In this article Paatalo demonstrates that JPMorgan Chase did not purchase ownership of $615 billion in Washington Mutal loans in three simple steps.
Please visit Bill Paatalos’s informative blog at
http://www.bpinvestigativeagency.com
Bill Paatalo has investigated and exposed the fraudulent WaMu/FDIC/JPMorgan Chase fraud and is one of the most talented foreclosure fraud investigators in the country.
Posted by Bill Paatalo on Jul 24, 2017
Here is a simple “3-step Analysis” to show that “ownership” of at least $615,000,000,000.00 (over half a TRILLION Dollars!) of WaMu loans were not purchased by JPMorgan Chase from the FDIC.
STEP 1:
The U.S. Senate Sub-Committee (Levin – Coburn Report) reveals in its findings of fact that WaMu sold and securitized at least $615B of residential mortgage loans through its subsidiaries “WaMu Asset Acceptance Corporation” and “Washington Mutual Mortgage Securities Corporation” who acted as “Depositors” in the securitization transactions.
https://www.hsgac.senate.gov/subcommittees/investigations/media/senate-investigations-subcommittee-releases-levin-coburn-report-on-the-financial-crisis
Pg. 116 –
From 2000 to 2007, Washington Mutual and Long Beach securitized at least $77 billion in subprime and home equity loans. WaMu also sold or securitized at least $115 billion in Option ARM loans. Between 2000 and 2008, Washington Mutual sold over $500 billion in loans to Fannie Mae and Freddie Mac, accounting for more than a quarter of every dollar in loans WaMu originated.
Pg. 119 –
“WaMu Capital Corp. acted as an underwriter of securitization transactions generally involving Washington Mutual Mortgage Securities Corp. or WaMu Asset Acceptance Corp. Generally, one of the two entities would sell loans into a securitization trust in exchange for securities backed by the loans in question, and WaMu Capital Corp. would then underwrite the securities consistent with industry standards.
STEP 2:
See: Page 2. – PAA – (click here: FDIC-Chase – PAA)
“Assets” means all assets of the Failed Bank purchased pursuant to Section 3.1. Assets owned by Subsidiaries of the Failed Bank are not “Assets” within the meaning of this definition.”
STEP 3:
In the case of Fox v. JPMorgan Chase, a specific REMIC Trust is named in the action. To prevail on its argument that the loan was sold and transferred to the Trust, JPMorgan Chase and U.S. Bank, N.A. as Trustee, both admitted / “stipulated” that the loan contained both investor codes “AO1? and “369” in the loan transfer history, which means the loan was sold by Washington Mutual Bank to the subsidiaries prior to those subsidiaries transferring the loan into the Trust. AND, it was stipulated that the loan was NOT PURCHASED FROM THE FDIC.
(Click here: Chase Stipulated Fact – AO1 – WMAAC)
Stipulated Facts:
“8. Investor Code AO1 in the Loan Transfer History File represents WaMu Asset Acceptance Corporation.”
“9. Investor Code 369 in the Loan Transfer History File represents Washington Mutual Mortgage Securities Corporation.”
“10. JPMorgan Chase Bank, N.A. did not purchase the loan from the Federal Deposit Insurance Corporation.”
In the Fox case, “JPMorgan Chase” and “U.S. Bank as Trustee,” have taken a position that universally applies to all $615B of these securitized loans.
Each one of these loan transactions will show either the investor code “AO1,” “369,” or both somewhere in the “Loan Transfer History” screenshots within the servicing system, and as such, the loans were not purchased from the FDIC.
The presumptions that Chase has relied upon in order to maintain its position in thousands of foreclosure proceedings that (1) it acquired the loans through the PAA, and (2) the assignments of beneficial-ownership interests to the loans unto itself as “attorney-in-fact” for the FDIC have now been debunked by its own admissions! Unless of course, you were to believe in the [1/1,000,000] proposition that the Fox loan was the only loan not included in the receivership.
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PACER FILING FOR UWBKQ
744
May 26, 2023
Certificate of Non-Contested Matter Filed by Simon E. Rodriguez on behalf of Simon E. Rodriguez (related document(s):742 Application for Compensation). (Rodriguez, Simon) (Entered: 05/26/2023)
Main Document
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The ONLY thing you have proven is you verify with documents that have been denied in previous PORs thus cherry-picking what works for you.
Try utilizing ONLY documents FOUND in Amended POR 7 signed by the court on 2/23/2012 and NOTHING else as it does not comply with the court.
Also, when using ONLY Amended POR 7, show the forum where you found the docs proving your point, otherwise do NOT waste the forum's time.
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There is but I will not discuss what it is until the time frame passes.
…
Let us see if anything happens between now and late June.
stox, I am looking for something similar concerning a third party such as WMI. I do not think this is what I am looking for but note that this outfit is incorporated in Delaware with this Sub which COULD mean more than what meets the eye.
I am still looking for a COOP Material Event between NOW and the end of June but more precisely between NOW and June 16, 2023, further giving some details to our timely-signed releases by 3/2012, so I will further guess that the 8K filing happens on/around June 12, 2023.
Remember, if this does NOT materialize, only filings and time passing will show us the way forward.
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TENDER OFFER THIRD PARTY
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000933136/e55ccbc4-948a-4f2e-87f4-5ef87edcbb4b.pdf
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
HOME POINT CAPITAL INC.
(Name of Subject Company)
HEISMAN MERGER SUB, INC.
(Offeror)
MR. COOPER GROUP INC
...
PACER:
Filing Date # Docket Text
05/04/2023 743
(6 pgs) 9013-1.1 Notice Filed by Simon E. Rodriguez on behalf of SL Biggs (related document(s):742 Application for Compensation).. 9013 Objections due by 5/25/2023 for 742,. (Rodriguez, Simon) (Entered: 05/04/2023)
05/04/2023 742
(15 pgs; 3 docs) Application for Compensation for SL Biggs, Accountant, Period: 8/13/2020 to 5/4/2023, Fees Requested: $13,563.00, Expenses Requested: $70.00. Filed by Simon E. Rodriguez. (Attachments: # 1 Other Cover sheet # 2 Proposed/Unsigned Order) (Rodriguez, Simon) (Entered: 05/04/2023)
__________________________________________________________
NOTICE OF SL BIGGS FIRST AND FINAL APPLICATION FOR ALLOWANCE
OF ACCOUNTANT FEES AND EXPENSES
OBJECTION DEADLINE: MAY 25, 2023.
NOTICE IS HEREBY GIVEN that SL BIGGS (“SL”), Accountant/CPA for the chapter 7 trustee
Simon E. Rodriguez (the “Trustee”), has filed its First and Final Application for Allowance of Fees and
Expenses. The First and Final Application seeks approval, for services rendered between August 13, 2020
and May 4, 2023, of fees in the amount of $13,563.00 and reimbursement of expenses in the amount of
$70.00. A copy of the Application is on file with the Clerk of the United States Bankruptcy Court, 721 - 19th
Street, Denver, Colorado 80202-2508.
If you oppose the motion or object to the requested relief your objection and request for hearing
must be filed on or before the objection deadline stated above, served on the movant at the address
indicated below, and must state clearly all objections and any legal basis for the objections. The court will
not consider general objections.
In the absence of a timely, substantiated objection and request for hearing by an interested party,
the court may approve or grant the requested relief without any further notice to creditors or other interested
parties.
Dated: May 4, 2023 Respectfully Submitted,
/s/ Simon E. Rodriguez
Simon E. Rodriguez, trustee
P O Box 36324
Denver, CO 80236
(303) 969-9100
CERTIFICATE OF MAILING
I HEREBY CERTIFY that on May 4, 2023, a true copy of the foregoing was served by depositing same in the
United States mail, postage prepaid and properly addressed to those addresses listed on the attached Label
Matrix which was downloaded May 4, 2023.
_/s/ Simon E. Rodriguez______
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Fred, you said the following:
I'm just not a believer anymore.
But I can accept that.
——————————————
No worries Fred. I fully understand as it has been a long haul with absolutely nothing confirmed.
I remember subject matter experienced poster, CBA09 who advised we may actually have to wait until the Receivership closes or terminated before we move forward.
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I was relentlessly challenged by a multitude of responses when I would discuss DSTs until I relentlessly showed my proof. Many will never respond to proof because proof defeats their mission.
So, to your point about Wells Fargo accounts that has NEVER been shown other than they were opened and tax refunds placed in them but nothing since.
I agree the Wells Fargo accounts are ANOTHER bucket of returns as I also posted tons of times over the years proof from Amended POR 7 signed by the court on 2/23/2012 that JPM must remit monies to these accounts on WaMu business they were servicing along with other TYPES of monies to remit. If you need this proof again, yes, I can post it AGAIN.
What kind of proof have you shown to help the cause?
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PROOF OF DST IN AMENDED POR 7 MEANS ASSETS CAN NOT HAVE ANY OTHER MEANING
***KISS***KISS***KISS***KEEP IT SIMPLE STUPID***
________________________________________
As set forth in the Confirmation Order, the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.
Amended POR 7 signed by the court on 2/23/2012
________________________________________
One cannot open a DST without assets...YES IT IS THAT SIMPLE however there can be an argument made for how much, when but there cannot be ANY argument to those investors who signed timely releases who own the former WaMu Estate by signing timely releases by 3/2012 and will be BENEFICIARY RECIPIENTS OF THE DST WHEN THE MOVE FORWARD HAPPENS
I look for a COOP Material Event between NOW and the end of June but more precisely between NOW and June 16, 2023 further giving some details to our timely-signed releases by 3/2012, so I will further guess that the 8K filing happens on June 12, 2023.
This is not over until the FDIC has been released and the "R" is terminated and/or closed.
…
EXPLAIN THE FOLLOWING WITH HONEST DILIGENCE AND/OR FACT-FINDING:
1) AMENDED POR 7 was signed by the court on 2/23/2012
2) WMILT BECAME PART OF THE PLAN on the (ED) Effective Date of March 19, 2012, designed to pay off ALL Creditors with some di minimus shares coming to Tranche Six which is Preferred Equity Interests and Common Equity Interests. This included an OWNERSHIP CHANGE which gave the former WaMu Estate to those investors who signed timely releases by 3/2012 in my view
3) The following is from Amended POR 7 signed by the court on 2/23/2012
set forth in the Confirmation Order, the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.
4) NOW FORGET WMILT which was canceled on 12/31/2021
5) Remember, A DST CANNOT BE OPENED unless there are assets so what do you have left with the aforementioned facts...The answer is a DST that is funded with assets and to who do those assets belong. In my view those investors who signed timely releases
6) I have always said a DST will play a vital role in our eventual distributions and I think this post proves that but does NOT prove when or how much other than I will say a multitude of tens of billions.
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Key To Distributions - Jamie Dimon Succession Plans/Retirement?
There is talk about Dimon retiring however, in my view he will NOT retire until he gets and receives releases for JPM, FDIC (C) and (R).
I think he has been staying on until the WaMu case is finally deep-sixed with layers of concrete forever which would include final distributions in my view.
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WaMu Purchase Assumption Agreement
WaMu Purchase Assumption Agreement-SOME NEED TO CONCENTRATE ON THE MEANING OF INITIAL PAYMENT
Maybe there should be further research by the ZERO MONIES RETURNING GROUP but first they need to understand what the term, "INITIAL PAYMENT" means
The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved/terminated and closed with FDIC being released.
https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf
***PDF Page 20***
ARTICLE VII
BID; INITIAL PAYMENT
$1,888,000,000.00 for the The Assuming Ban has submitted to the Receiver a positive bid of
Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.
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PROOF OF DST IN AMENDED POR 7 MEANS ASSETS CAN NOT HAVE ANY OTHER MEANING
***KISS***KISS***KISS***KEEP IT SIMPLE STUPID***
________________________________________
As set forth in the Confirmation Order, the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.
Amended POR 7 signed by the court on 2/23/2012
________________________________________
One cannot open a DST without assets...YES IT IS THAT SIMPLE however there can be an argument made for how much, when but there cannot be ANY argument to those investors who signed timely releases who own the former WaMu Estate by signing timely releases by 3/2012 and will be BENEFICIARY RECIPIENTS OF THE DST WHEN THE MOVE FORWARD HAPPENS
I look for a COOP Material Event between NOW and the end of June but more precisely between NOW and June 16, 2023, so I will further guess that the 8K filing happens on June 12, 2023.
This is not over until the FDIC has been released and the "R" is terminated and/or closed.
...
Newflow, you said the following.
So WMI Holdings, Inc. IMO is actual WMI
——————————————
Remember, Kosturos was named in Amended POR 7 signed by the court on 2/23/2023 as DST Trustee
Yes, I agree WMI is still alive and more than likely holding our beneficial interests in accordance with our timely signed releases
I also look for WMI to issue Private Placement Securities is accordance with your timely signed releases that will not trade publicly and will have some sort of threshold to meet and if one does not meet that you will be cashed out automatically.
Let’s hope things get interesting and fun very soon
..,
Newflow, thanks for the interesting update. You said Bard said the following.
Bard says WMI Holdings, Inc. assets were acquired by WMILT.
——————————————-
Bard may be off a tad because from all appearances and filings it appears that WMI became a DST before mid-month of February 2012 days ahead of the court approval of Amended POR 7 signed on 2/23/2012 and the (ED) Effective Date of March 19, 2012 for WMILT.
It is entirely possible Bard is confused and it may be that WMI DST has control of the assets for those beneficial receivership interests who signed timely releases by March of year 2012
…
Exactly
I would love to be wrong if it were to happen on 6/19/2023 as long as it happens
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Yes, it is very possible that Tuesday, June 6, 2023 we see a Material Event that we are looking for.
…
stox, there is reason for this timeframe MAY be related but only time passing and filings will show us the way forward.
With such a short timeframe, I will say no more and let us see if we get a filing that shows us the way forward.
…
serafino, here is my take based on some actions but there is no point in discussing them at this time.
With the Annual Meeting finally, over, we can move on to a potential Material Event we are looking for.
So, I will predict between now and June 16, 2023, for a COOP Material Development, requiring an 8K filing.
I will narrow the timeframe even further to see an 8K filing between June 05 and Monday, June 12
Hopefully, this will show us something we have been looking for regarding our timely signed releases that investors signed for around March of the year 2012.
However, only time passing and filings will show us the way forward.
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***Per Fishman in 2008***WaMu 310 Billion in Assets-Letter to Bair- HUNDREDS of BILLIONS in 2008
http://s.wsj.net/public/resources/documents/WSJ-WAMU-Responsive-e-mails092810.pdf
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Annual Meeting finally over.
So, I will predict between June 05 and Monday June 12 for a COOP Material Development requiring an 8K filing.
This showing us something we have been looking for regarding our timely signed releases that investor's received around March of year 2012.
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I did not say COOP had any relation to WMILT. I believe WMI is a DST with Kosturos as the DST Trustee and will be re-awakened at the correct time and THEN will play a role.
The following is from Amended POR 7 signed by the court on 2/23/2012
set forth in the Confirmation Order, the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.
,,,
Very interesting newflow. I say there is a Material Development requiring a COOP 8K filing between NOW and June 16, 2023 regarding a development that we are looking for such as shares issued to investors who signed timely releases by 3/2012 and/or similar actions.
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Ron, DSTs will play the main role in our eventual distributions.
EXPLAIN THE FOLLOWING WITH HONEST DILIGENCE AND/OR FACT-FINDING:
1) AMENDED POR 7 was signed by the court on 2/23/2012
2) WMILT BECAME PART OF THE PLAN on the (ED) Effective Date of March 19, 2012, designed to pay off ALL Creditors with some di minimus shares coming to Tranche Six which is Preferred Equity Interests and Common Equity Interests. This included an OWNERSHIP CHANGE which gave the former WaMu Estate to those investors who signed timely releases by 3/2012 in my view
3) The following is from Amended POR 7 signed by the court on 2/23/2012
set forth in the Confirmation Order, the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.
4) NOW FORGET WMILT which was canceled on 12/31/2021
5) Remember, A DST CANNOT BE OPENED unless there are assets so what do you have left with the aforementioned facts...The answer is a DST that is funded with assets and to who do those assets belong. In my view those investors who signed timely releases
6) I have always said a DST will play a vital role in our eventual distributions and I think this post proves that but does NOT prove when or how much other than I will say a multitude of tens of billions.
...