~ LOL’ Analysts’ Also Said JPMC Bought WaMu For $1.88 Billion ~

... Start There’ ... (and then, invest accordingly)

AZ

~ Xoom, Yep The 1 For 1 Numbers Appear To Work ~

WMI originally held a 3 billion common share count, actually using some 1.7 billion common shares out at the time of the filing of the bankruptcy’s

... Only 1.215 billion (ish), wamuq’s actual WMI Estate Ownership, submitted documentation in order to “Participate” in Plan 7 ... as everyone knows, the common wamuq’s were discouraged from participating on many levels’, ... I didn’t pay any attention to any of the nonsense, and submitted documentation for all of my WMI holdings ...

... So Yeppers the numbers actually could work’, ...

... but there also must be a “Cash” component to be released to the original releasing participants as well’, ... just to even things up ... otherwise it doesn’t work ...

... as far as a near term WMIH-Corp price consideration ?, I hold with what the debtor had originally planned for, in the Plan 6 submission, and then I apply our current situation ... (I just exclude the $2,000,000.00 buy in’ original minimum requirement)

AZ

~ Interesting CS’ Analysts (Opinion) Report ? ~

... Does anyone want to break the news to them that WMIH-Corp was readily available for $0.75 or less up to just this last February of 2018 ? ...

Some of this stuff just cracks me up’ ... I’m sure there will be more’, much, much, more’

AZ

~ JJ, I believe WMB Will Complete It's Transition to JPMC When The FDIC-R Completes the Receivership ~

... This is just exactly how and what was to occur, that J. Carreon (A&M) explained to Judge Walrath in open Court when the debtor was trying very, very, hard to get Plan 6 Approved'. ...

Obviously Plan 6 Failed, ... and subsequently with Rule 510 (subordination) being forced upon the debtor to acknowledge, ... WE', ... were allowed to submit our releases in order to be able to ... "Participate" ... or, the Approved Plan 7'

... None of the Original WaMu / WMIIC / WMI Values have ever Gone Away, they have only grown over time' ...

AZ

~ Bob, That ?, Isn't What Happened At All ~

... This prospectus cancellation issue is simply being misrepresented', ...

... WMIIC / WMI "Reorganized" ... it's just that simple'

... the individual class' symbol representation changed is all that actually happened', ... just like when WMI' filed for bankruptcy protection, the common equity symbol representation went from WM to WAMUQ' ...

... None of the original class segregated financial support has gone anywhere', ...

AZ

~ Any WMB Tax Loss Credits (NOL's) Go' Away When WMB Goes To JPMC ~

... all companies have operating tax loss benefits', a few of you are simply assuming once again ...

... the 75% / 25% divisible bucket for everything and anything WaMu' outside of what will be available to - RE-Distribute - by the WMI-LT, is not based in documented fact or' reality' ... (myth & lore)

... the prospectus' cancellation issues ?', ... is simply ridiculous' ... (myth & lore)

... The Tranche 5 Class 17(a&b) WMB Bonds, are supported by their own original securitization process, and ARE NOT the responsibility of the FDIC-R to be responsible for to pay', ... JPMC will receive the securitized backing three tranches, as well as responsibility for the payments to the WMB Class 17(a&b) Bonds', ...

... ALL' Non-Creditor Allowed Claims' are Bankruptcy Rule 510' Subordinated to be pari-pasu with Original WMI' Parent Corp.' Class 22 Equity Ownership' ... and will receive their Court Assigned FJR' up to and until paid' ...


... And', there is a whole lot more than a mere $10,000,000,000.00 to consider here' ...

... I've known for a very long time that I've been invested along side of and dealing with private equity, hedge funds, and some very, very, slippery characters' ...

... I can not be swayed, because I've done the required work & study' ...

AZ

~ GG, I'm SOLIDLY' Keeping Everything As Well ~

... Until at a MINIMUM', I can see a WMIH-Corp price per share direct correlation of what Plan 6' originally had calculated' for upon its reorganization' ... only now ?, without the $2,000,000.00 minimum buy in requirement ...

... WMIH-Corp actually achieving that MINIMUM pps' shouldn't take very long at all once the "Restricted Cash", moves eliminating the currently intact WMIH-Corp "A" and "B" series preferred' ...

... However', ... It Is Also' MY OPINION, that WMIH-Corp has some extensive unfinished business to attend to, ahead of the completion of this NSM Merger' ... open ended business' with the Original WMI Estate Owners' ...

just sayin'

AZ

~ Matt, It Is My Opinion That’ “Eclipse” ~

... “Eclipse” is the new’ term now used to refer to WMIH-Corps subsidiary now assigned to manage the monthly “Cash” accumulation generated by the Performing Trusts ... Those Same Trusts that WMI Participated In’, ... Not’ Long Beach ...

... The same Cash managerial duties that used to be WMIIC’s Function and Purpose

AZ

~ Matt, Yes Those Two References Are’ What Were Originally Used ~

And the only actual references used to describe the Claimants

... there were ”Creditors” and there were ”Equity Interest Holders” ... referred to’

... I believe the transitional effects of what Plan 6’ attempted to accomplish, yet obviously failed in doing, ... and ... what the forcing of “Subordination”, Rule 510(b) with an approved Plan 7 actually meant ...

... Again, I’m just not sure that everyone is truly following the financial immensity of what these references actually mean ...

Plan 7’s alignment and acknowledgement of Bankruptcy Rule 510, Forced’ the “Subordination” of ALL Non-Creditors Claims against Washington Mutual Inc., (the parent) ... to be “par-pasu” with WMI’s Equity Class 22’ ... the WMI Estate Itself, and the WMI Estate’s True Owners, the Common Shareholders ... the wamuq’s ...

... So my meaning was that most merely think in terms of their own tracking markers received for their documented release submitted, in order to be able to ”Participate” in Plan 7’, ... However, There’s actually more involved, much, much, more ...

That’s all well and good, ... however’, ... again, ALL Non-Creditors Claims, originally placed against Washington Mutual Inc., (the parent) ... Within Rule 510, Also ended up in Plan 7, to be “par-pasu” with WMI’s Equity Class 22’ as well ... to be paid simultaneously with Equity Class 22 ...

... The Principal Financial Group was the original precedent set’ ...

AZ

~ Bob, That Salt n’ Pepper Will Be For A Giant Steak Dinner ~

For those that actually took the time to study the WMIIC WMI Approved Plan 7’ and it’s Disclosure Statement, ...

... there were ”Creditors” and there were ”Equity Interest Holders”’ ... referred to’

For the record, ... I’m Not a Creditor ... the rest ?, isn’t rocket surgery ...

just sayin’

AZ

~ Plan 7' ALLOWED Everyone' To "Participate" ~

... Everyone that ... "CHOSE" ... To' submit their Segregated Class Specific Release Documents ...

Plan 6 secured everything that T. Lehmann, produced, and everything that S. Landefeld, protected ... (Performing ABS-Certs, through WaMu's Securitization Process)

Plan 6's submissions ended with a FAILED' attempt to end the WMIIC / WMI reorganization at the PIERS Class 16 hybrid' creditor class ... with an attempt to throw the WMB Bonds into a (WMI) class 12 general unsecured nomenclature ... (Rule 510(b) "Subordination" was Forced to be adhered to')

... Plan 6 Failed, The Dual Tracking Litigation in D.C. continued to an August 2016' Settlement, The WMI-LT is restricted to Deal Only With' what is recorded in its QSR Reports as of Plan 7's Reorganization, ...

... And Again, NOTHING CHANGED' regarding the originally protected WMIIC / WMI, WaMu values, ... "other than" ... their ability to grow over time ...

... If ?' ... one followed the Original WMI Action ?, which transitioned into Judge Collyer's Court in D.C. ?, and one has followed the WMI-LT's QSRs submitted, along with an understanding of what Plan 6 attempted to keep ?, ... then apply Plan 7's allowance for everyone to have a CHOICE' to be able to "Participate" ...

... If one makes these considerations ?, Then No One would have any questions or concerns regarding their financial future as a current "Participant" ...

AZ

~ BlissedOut, Thanks For Your Kind Words ~

Ever since the latter 2012’, I’ve tried my best to reveal the WMI Dual Tracking Litigation Process, as well as relevant issues at hand, regarding the post 03/19/2012 newly reorganized WMI Holdings Corp., ... now our own WMIH-Corp ...

Soon, After the 03/19/2012’ Plan 7’s Implementation, ... new WMI Holdings Corp., shares could be bought at literally 1/2 of the cash value reported (200m shares / $200m dollars) ... or, 50 cents ish’ ... I took serious advantage of that opportunity to buy additional shares heavily, and adjust down my entire amount of WaMu Financial Investment, going back to Jan 2006’ ... To about a $1.10 pps’, ... for my total and entire WaMu expenditure ...

I stopped buying shares of the new company in November of 2013’ ... and watched soon after, the interesting issuing of the “A” Series Preferred Series In January of 2014’ ...

In 2014’, ... after extensive study, research, and document sequencing, ... I CHOSE to begin to accumulate as many of the WMB Notes as possible’, ... at the time, it looked to me like the ad-hoc Steering Committee, the WMB Noteholders, Tranche 5 Class 17’ or the Dual Tracking Litigation That I often refer to, ... Were Winning’ There Case’, and forcing a Settlement ... WMB Fixed Income Security’s became impossible to obtain after March of 2016’, ... as the Settlement was soon coming in August of that same year. ...

Once it became impossible to accumulate more Class 17 Security’s, ... I went back to research the new companies SEC Filings beginning in early 2015’, ... and, ... I found their use of an Embedded Derivative Function To be intriguing ...

So here we are, ... as these hedge funds and private equity have mapped out this process, ... In early December of 2017’, I told everyone to ... Watch the new company, ... WMIH-Corp shares were available for $0.75 or less into mid February, 2018 ...

... Now, I am waiting for the obvious result ... along with everyone else, ...

AZ

~ Disco67, It Is In My Own Opinion ~

Your tracking markers designating your individual original WMI Estate ownership of the specific classes of securities that you submitted your releases to "Participate", should' show in your accounts. It appears that you have them properly intact "in two diff. Accts." as you stated', ... So, You Are Good There' ...

The W-9, I refer to was attached to a Class Of Ownership', Release Document Filed in the USA', ... the W-9 Form is the USA's way of making an Indivdual Tax Election', ... If ?, ... you are a participating member from another country', your tax elective system may be different', ... So, You Are Probably Good There As Well' ...

Again as stated, It appears to me that you also own WMIH-Corp Shares, ... "wmi h share" ... I have Never' given any buy, hold, or sell, suggestions to anyone, so I won't begin today' ... Read my posts regarding the use of the controlling price mechanism that has been and continues to be used' ... (Embedded Derivative Function) ... this function is only able to be used to control the WMIH-Corp price per share until the "Restricted Cash", actually moves. ... We' ... will all know when that happens by watching the trading cycles' ...

* When ? the Restricted Cash Moves, ...

The Embedded Derivative WMIH-Corp pps controlling mechanism is, Gone'

The WMIH-Corp "A" Series Preferred all convert to commons and are Gone'

The WMIH-Corp "B" Series Preferred all convert to commons and are Gone'

... It will be quite obvious to Everyone' when the process Truly Begins ...

... Helpful ? ...

~ ND, Yes My Ol’ WMI / WMIH-Corp “Friend” ~

... We’, ... Are ALL going to be just fine’, ... the Original WaMu(ers), those, that Listened’ to Judge Walrath and submitted their documentation, the Institutions, the Individuals, as well as the new NSM Folks That Are ... able to ?, ... actually receive shares ... (the amount of available shares’ is limited) ...

... WaMu was a Cutting-edge Financially Innovative Leviathan ... A Financial Giant’, in the world of, “Securitization” ...

AZ

~ DM, That’s Great’, Yes I’ve Been Able To As Well ~

Yes, I’ve added many thousands of additional WMIH-Corp shares many times beyond my own original shares given to me for my released positions, ... Plus, I’m now’ also loaded with WMB Fixed Income ... (per the FDIC:, My Claim Follows My Ownership) ... (JPMC will take care of those Tranche 5 Class 17’ WMB Notes), ...

... However, ... there are also those that haven’t been in that position as well’, ... Life’, ... has a way of taking its toll on people’ ... In Genesis’, God gave the World to Man ... it’s how we act’ toward others and how we use our resources and gifts’ that matters’ ...

AZ

~ MR. “T”, Yes I Hope I Have Been Helpful Along The Way ~

As I’ve said many times over the years, ... as I watched, along with everyone else, what was being done during that 1st quarter of 2012 to the innocent people, ... both sickened me, and seriously pissed me off’, ... simultaneously ...

... I said then right after August of 2012’, when there was an additional distribution due to the many commons that had Not’ Released, ... that I wasn’t going to ever let that’ happen again, ... people may make their own choices and decisions, ... But’, ... I decided to at least make as much of this process available ... (~ Knowledge Is Power ~)

... Here ... We’ ... Are’ ... and if I’ve been a burr under the saddle of greed driven motivation ?, ... Then I say GOOD’ ...

AZ

~ JJ, Yes On This Issue ? This Is’ Referring to Common Shares ~

* Common Shares always Own the Company Itself (WMI To WMIH-Corp is NO Different)

* Originally, there were 1,704,958,913 common shares of WMI’

* at the Mediated & Approved Reorganization, ... only some 1,215,000,000 common shares submitted documentation to be able to “Participate”, in the Approved Plan 7’

* The 2015 Rights Offering required an increased amount of WMIH-Corp common shares potentially available to 3.5 billion’

* when Plan 7 was Approved’ ... the original Plan 6 design of the exiting reorganized company’s shares to be issued, ... actually doubled’, ... from the failed Plan 6’s original 100 million shares, to the approved Plan 7’s actual amount of 200 million shares’, ...

* so the original amount of WMI’s common shares also needed to be ... actually doubled’, ... from the original amount of WMI’s commons of 1,704,958,913 ... to, ... 3,500,000,000 shares ...

* the common shares of the original WMI’, ... were originally discouraged in multiple ways from submitting their documents ... and’, ... again, only some 70% ish, actually participated, ... roughly 1,215,000,000 common shares properly submitted their release documents ...

* So first consider the doubling of the reorganization’ originally planned for exiting float, from (Plan 6’s) 100m shares to (Plan 7’s) 200m shares, ... then move to July 2015’ and double the original amount of WMI commons issued at reorganization from 1.7 billion (ish) to the 3.5 billion currently allowed for the newco, ... and now add in the discouraged by another 70% (ish), ... maybe more now after these grueling last 6 years of continuing litigation in D.C. ...

... the common shares of WMIH-Corp, are being watched very carefully and are being very, protected ... these common shares of WMIH-Corp are very valuable as they continue to be financially aligned with the Original WMIIC / WMI Estate’, ... The Great WaMu ...

... The WMIIC / WMI values have never changed from the Plan 6 failed attempts, ... to the Approved Plan 7’s realization ... only who and how the Class Released Institution and Individual Participants were able to ... Participate ...

AZ

~ ADDED: WE', Are About To Experience ~

... Which also Includes the newco, WMIH-Corp, now though along with ... Us' ... of course', ... (Us' = those that chose to class release their choice of WaMu Holdings and submit a W-9 in order to be able to "Participate" in the Approved Plan 7)

... We', ... are about to experience just exactly' what the debtor was going to require for a participation in the reorganized company, had Plan 6 been approved' ... Plan 6 Failed' ...

... the newco' was to originally issue, 100 million shares, with a calculated initial value of $25.00 pps, and a minimum participation level of $2,000,000.00 ...

... Again, ... Here We' Are

AZ

~ Not' To Worry Oak' ~

None of That', matters, whatever one wants to call ... That', ... but it definitely doesn't qualify as any serious encompassing due diligence' ... or any serious foundational reasoning', for an individual investment basis' ...

The Original WMI Action, which transitioned to the "Dual Tracking Litigation" continuing to be litigated in Judge Collyers Court in D.C., beyond Plan 7's Implementation Date ... was missed by a few' of the more inexperienced' ... these few' thought the WaMu legal process was over at the Implementation', ... Obviously they were' ... WRONG' ...

... Plan 6 submitted (twice) for a (denied) approval with only Five Tranches of Recovery', ... Tranches 1 through Tranche 4, were similar, in an actual WMI' as its own Creditor, Class Recovery ... Tranche 5 was to be the WMB Banking Issues' ... But Plan 6' Thankfully Failed ... Right ? ...

The 120 Accredited European WMB Bank Noteholders, ... refused' ... a debtor representative offer of a WMI' Class 12 General Unsecured Recovery, which would have left the Ending Creditor Class 16' Hybrid PIERS Securities unrestricted, to be positioned to receive any future financial recovery from the continuation of the Performing Trusts' monthly distributions ...

... Plan 6 Obviously Failed, ... The D.C. Dual Track Continued to Settlement, ... The ad-hoc Steering Committee (the WMB Bank Noteholders) agreed to the final terms of "Globic" and here we are' ...

... AAOC thought that it would end up with the returns generated by the Performing Trusts that WMI had originally participated in, and JPMC thought that it was going to get everything associated with the bank WMB' ...

... Things just didn't work out for AAOC or for JPMC as was originally planned for' ... anger ? has been the result' ...

... At this point in time, ... "none of that matters" ... We' ... are here 100% irrelevant of any hurt feelings or any poor choices made' ...

... Hard Work Always Pays Off ... For those innocent and original equity class retail releasing participants, that have been able to NOT become discouraged by the twisted nonsense' ? and stick around ?, (and maybe be able to add some newco shares or some WMB Fixed Income, along the way ?) ... This Deal' Pays Off' ... Big Time

AZ

~ Thank You Mr. T’ ~

... As I’ve said for years now, ... “I Pity The Fool”, ... that Chose’ not to “Participate” (41.6) in the Court Approved Plan 7’ WMIIC / WMI Reorganization ... (a little bit of ol’ AZ humor) ...

... The “Road King” was always safe, due to the 120 Accredited WMB Noteholders that litigated through the dual track going on in D.C., and told the debtors representatives (Weil), That Rule 510(b) “Subordination”, ... was going to be properly adhered to ... period’ ...

Any one of us can look at this, in a couple of ways, ... One’, would be that the D.C. Dual Track (now finalized as of 12/31/2017) lengthened the amount of time all of this has taken, ... or’, ... The Second’, would be that had Plan 6’ actually been approved ?, ... all of Us’ (the equity classes 19 & 22), would have simply been gone a very, very, long time ago’ ...

... (Plan 6 only presented 5 Tranches of Recovery) ...

... We’ ... are going to be okay’, ... We’ ... simply need that restricted cash to move’ and for WMIH-Corp to square up’ with the actual original owners of WMI’, ahead of the NSM merger ... then ? We will finally begin to percolate ...

AZ

~ Bob, Yeppers I Agree With You’ ~

As I’ve said for a few years now, ... (ever since F&G’s share award arrangement calculations as revealed in 2015) ...

... It has been my own opinion, that there needs to be an equaling of the obviously quite lopsided shares already issued or earmarked for the BOD’s, ... MW and company’, with roughly 500 thousand WMIH-Corp commons already having been issued to them, while the new guys, Bray, Fairfield, and Gallagher, will soon receive roughly 6 times that amount, at roughly 3 million (ish) common shares of newco’, once the qualifying merger with NSM completes ...

I say there will be a relevant distinction between the present tense holders of WMIH-Corp commons ... and ... those Original Owners of the WMIIC / WMI Estate, that CHOSE to Class Release, submit a W-9, ... and, “Participate” in the Plan 7 Settlement and subsequent Reorganization of same ...

... Yeppers, ... this should be quite interesting, and’, obviously very, very, financially rewarding for those that CHOSE to Class release their Individually chosen’ WaMu holdings and ”Participate” (41.6) ... and to those of us that actually took the time to understand WMI’s securitization process utilized for their own profit, and to also follow the entire’ dual tracking litigation process ...

AZ

~ JJ, Yes That’s Exactly How I Figure It’ ~

According to the SEC Filed S-4, ... Both of the WMIH-Corp Already‘ Issued Preferred Series, both the “A’s in 2014”, and the “B’s In 2015”, ... All convert simultaneously to WMIH-Corp common shares, at the transitional move of the “Restricted Cash”, which signifies the mergers completion with NSM ...

(... We’, ... need’ that “restricted cash” to move, so that the “embedded derivative function” becomes 100%, permanently disabled ...)

... So quite s@@n, ... all that will be will be ? ... will be, only’ the WMIH-Corp common shares’ ...

... But ?, the “WHHMP”, WMIH-Corp (already) Delaware Registered, ... Preferred Series’, ... continue to remain unused, yet they are at the ready, to be able to be used ...

... right now ?, with the information that is currently available ?, ... We’, ... are a bit WMIH-Corp to be Issued, common shares a bit’ lopsided’ ... Fairfield, Gallagher, and Bray, ... will all get roughly a total of 3 million common shares (ish), of WMIH-Corp when the merger completes, ... which is when Fairfield and Gallagher actually take a powder’ and say so long’, ... and Bray’ gets to run the newco’, WMIH-Corp ...

... Now, ... ? ... Having said that ? ... ol’’ Fairfield & Gallagher actually didn’t come on deck here, until mid (July) 2015’ ... While Mike Willingham showed up in early 2009’ along with Esopus Creek, (friends of the Krueger’s @ Owl Creek, alumni of the Columbia School of Business) ...

... So Mike W originally bought in and then released in order to “Participate” in Plan 7, ... 1 million (ish)’ original wamuq’ WMI Conmons, ... MW Obviously did a lot of the Plan 7’s Settlements heavy lifting, and Currently Holds roughly 500 thousand shares of WMIH-Corp, ... while Bray, Fairfield, and Gallagher, ... will quite very soon Be Issued roughly 6’ times what MW Currently Holds ...

So, Direct From the SEC Filed S-4, it is the WMIH-Corp common shares themselves that are currently being protected very, very, carefully ... and, are obviously quite valuable ...

... So yes, it is my own opinion that there will be ... Both’, ... Both, An issuing of WMIH-Corp common shares, as well as a Cash Component, ... to be received by the Original “Segregated” Class Releasing Owners of the Original WMIIC / WMI Estate ... the Plan 7, CLASS DEFINED, and Chosen, document and W-9 submitted ... Participants ...

..., it was the The D.C. Dual Tracking Litigation in Judge Collyer’s Court, ... that continued beyond the WMIIC / WMI Reorganization’ Implementation Date of 03/19/2012’, ... that needed to be completed ... now ? it is thankfully done’ ...

AZ

~ WMIH-Corp's "Restricted Cash", Simply Needs To Move ~

Eliminating' the "Embedded Derivative Function" which allows for this obvious pps' control ...

and also'

Eliminating' the Original Issued WMIH-Corp "A" Series (2014') and "B" Series (2015) Preferred ...

... at that point in time, WMIH-Corp becomes ALL' Common Share Ownership, with the availability of using the already Delaware registered, though not yet used', ... WHHMP preferred'

... We're Not Quite There yet Guys' ...

Oh, and a few simply saying I've been wrong ?, ... doesn't make that true' ... The Reveals of the actual WaMu Truth' ?, has bothered some, that never expected or wanted the equity classes to be involved, however, ... "it truly doesn't matter" ... not to me anyway'

just sayin'

AZ

~ BoardDork, They Don’t Matter’, ~

This Group’, became energized, after September of 2011’, when Judge Walraths September Opinion’ announced the Failure of the WMIIC’ / WMI Plan 6 Attempt at a Reorganization ... and Court ordered a Mediated Result

... WMB Aligned NOL’s, ?, ... Organic Growth ?, ... diminished WMIH-Corp ($5.00 ish) pps presentations ?, ... etc. etc. etc. ? ...

... It’s ALL total, Rodeo Clown Made Up, ... “Hogwash”, ... No One That is currently holding, ... Large Multiple Issue WaMu Positions, ... currently trading, WMIH-Corp shares, as well as, Tranche 5 WMB Fixed Income, and Tranche 6’ WMI Class Released Equity Positions, ... Actually Pays any of them’ any attention at all ...

... The Transition from the Failed Plan 6,To the Approved Plan 7’, ... had ZERO to do with the originally secured WMIIC / WMI reorganized values, ... Only Who Was Given An Opportunity To, ... “Participate”, (41.6), ... ahead of the need to complete the dual tracking litigation, that continued on in D.C. ... now, thankfully completed

AZ

~ Just A WMIH-Corp PPS' Reminder ~

... hedge funds & private equity, & ? then ?, there's all of the rest of ... Us' ...

In early December of 2017', I told everyone to "Watch" The newco, WMIH-Corp, ... in that, it would be "The Tell" ... WMIH-Corp common shares, were available at $0.75 or less, through February of 2018' ... Now, ... I bring the following to everyone, as the 2018 year moves forward toward the completion of the WMIH-Corp / NSM "Merger" ...

KKR WAND HOLDINGS CORPORATION is converting its' Original WMIH-Corp 2014 Issued "A" Series, warrants for;

"At the Effective Time (as defined in the Merger Agreement) and subject to the conditions to the Closing contained in the Merger Agreement, the Company shall exchange the Warrants for 21,197,619 validly issued, fully paid and non-assessable shares of Common Stock (the “Warrant Shares”)."

https://www.sec.gov/Archives/edgar/data/933136/000119312518045940/d539539dex104.htm

==========================================

KKR's original 2014', "A" Series convertible warrants, able to be converted into 61,400,000 common shares of newco', ... but now' converted into 21,197,619 commons ...

61,400,000 / 21,197,619 = $2.90 pps, without any forward moving return considerations (ROI) ever since Jan 2014' ...

(that's roughly' a double from here, and a four bagger from Feb 2018', ... however, in my opinion, ... the pps will be much, much, higher', I think KKR Wand' agrees)

just sayin'

AZ

~ WMIH-Corps PPS' Is Able To Be Controlled' ~

Due to the, ... "Embedded Derivative Function" ... that is aligned with the "Restricted Cash", that came with the WMIH-Corp's issuing of the "B" Preferred Series' ... Jan 2015'

... BOTH', ... of the Original and Present Tense, A' and B' Series Preferreds Issued in 2014 & 2015 respectively, are GONE', once the WMIH-Corp / NationStar "Merger" is completed ... (refer to the S-4) ...

What will remain, once the "WMIH / NSM Merger" is completed, will be Common Shares of WMIH-Corp, and the Registered yet still unused, WHHMP Series Preferred' ...

... Once the "Restricted Cash", moves', ... the WMIH-Corp ability to use this "Embedded Derivative Function" pps controlling mechanism, ... Will Thankfully Be' Gone' ...

AZ

~ Xoom, Yes It Was “The WMI Action” Movement To D.C. ~

MW', and S&G, understood that nothing originally “Performing Trust” associated, could be legally finalized until the Original Litigation, (the WMI Action), went to its full completion, ... the Dual Tracking Litigation ... that continued in Judge Collyer’s Court in D.C., ... which Settled in August of 2016’, ... and then went to Judge Clasters Court in CA. for completion just this last year 2017'.

The WMIIC / WMI’s Court Approved Plan 7’, allowed the institutional and individual participants to ... "Release", ... release, specified parties' in order to “Participate”, ... and allowed WMIIC / WMI to reorganized once WMI had “Settled” with the FDIC ...(from the GSA To filing # 5885), ... as long as Bankruptcy Rule 510(b) "Subordination", was properly adhered to'.

... however, ... as has been promoted, thought of, posted on discussion forums, and stated in Seattle, etc., ... the wrongful seizure and final Settling' up, of the great WaMu, was a long way from being over at 03/19/2012’s Implementation date ...

... yes, it has been a long six plus years, ... but to those of us that have stayed the true and honest course, ... to those of us that have not blamed other innocent participants for their own poor choices, ... and, to those of us that have been able to follow the entire process, ... yes, this will be a positive financial outcome ... for individuals and institutions alike ...

AZ

~ JJ, Yep You Are In Good Company' ~

... (hedge funds & private equity, & the rest of us') ...

KKR WAND HOLDINGS CORPORATION is converting its' A Series (31,700,000 + 31,700,000 = 61,400,000) warrants for;

"At the Effective Time (as defined in the Merger Agreement) and subject to the conditions to the Closing contained in the Merger Agreement, the Company shall exchange the Warrants for 21,197,619 validly issued, fully paid and non-assessable shares of Common Stock (the “Warrant Shares”)."

https://www.sec.gov/Archives/edgar/data/933136/000119312518045940/d539539dex104.htm

==========================================

KKR's original 2014', A Series convertible warrants, able to be converted into 61,400,000 common shares ", ... but now' converted into 21,197,619 commons ?, ...

someone may want to tell those NSM folks that KKR thinks the WMIH-Corp commons are at least worth, 61,400,000 / 21,197,619 = $2.90 pps, without any forward moving return considerations (ROI) ever since Jan 2014' ? ...

just sayin'

AZ

~ LG', I 100% Totally Agree With You ~

~ JJ, As Far As NSM Is Concerned ? ~

... The "Merger" with WMIH-Corp ?, ... is already ... "a Decided and Done Deal" ... as is revealed within NationStar's own, "Business Overview" section of its Proxy' ... NationStar's Proxy is not asking for any shareholder approval on this "merger" issue' ... the shareholders are only voting on what is stated on their ballot' ... the Merger is a done deal', ...

... What ... We' ? ... are all currently waiting for ?, is to see just how WMIH-Corp is going to address the Original Owners of the WMIIC / WMI Estate, that submitted ... Our ? ... releases and W-9's in order to "Participate" in the Court Approved Plan 7' ...

Below is Direct from NSM's Proxy, Link Provided'

Business Overview

Based in Dallas, Texas, Nationstar provides quality servicing, origination and transaction based services principally to single-family residences throughout the United States. On February 12, 2018, Nationstar entered into an Agreement and Plan of Merger (the “Merger Agreement”) with WMIH Corp., a Delaware corporation (“WMIH”), and Wand Merger Corporation, a Delaware corporation and a wholly-owned subsidiary of WMIH (“Merger Sub”). The Merger Agreement provides that, upon the terms and subject to the satisfaction or waiver of certain conditions, Merger Sub will merge with and into Nationstar (the “Merger”), with Nationstar continuing as the surviving corporation and a wholly-owned subsidiary of WMIH. The Merger is expected to close in the second half of 2018, subject to regulatory approvals and customary closing conditions.

https://www.sec.gov/Archives/edgar/data/1520566/000119312518119131/d454549ddef14a.htm

just sayin'

AZ

~ LG, The Litigated Events Have Now Altered This Original Statement ~

Only the following is currently relevant, ... the litigation arm of the WMI-LT has been disbanded long ago, ... the liquidating trust will not be pursuing these issues', ... "due to the fact" ... that the Dual Tracking Litigation in D.C., achieving a settlement within the "Globic Settlement", completed all that was needed, ...

The Following ?, is all that is relevant', "other than say the assets are retained" ... "They will still be there"

~ LP, Who Loans Money ($2.75 billion) To WMIH-Corp ? ~

... and, under what collaterized conditions ?, ... this is interesting'

... Also, without any Security' ?, ... and, without being able to consider any of the SPE's ?, ... or, any non-U.S. subsidiary of WMIH that is a “controlled foreign corporation ?, yada, yada, yada, ?

Ranking: The Bridge Loans will rank equal in right of payment with any other senior indebtedness of the Borrower and will not be secured.


Guarantees: All obligations of the Borrower (the “Obligations”) under the Bridge Facility (the “Bridge Obligations”) will be unconditionally guaranteed jointly and severally on an equal priority senior unsecured basis (the “Guarantees”) by WMIH and each existing and subsequently acquired or organized direct or indirect wholly-owned U.S. restricted subsidiary of WMIH

(other than any such subsidiary

(a) that is a subsidiary of a non-U.S. subsidiary of WMIH that is a “controlled foreign corporation” within the meaning of Section 957 of the Code (a “CFC”),

(b) that is a U.S. subsidiary substantially all of the assets of which consist of the equity and/or debt or receivables of one or more direct or indirect non-U.S. subsidiaries that are CFCs (a “CFC Holdco”),

(c) that has been designated as an unrestricted subsidiary,

(d) that is below a materiality threshold (based on assets or revenues) to be agreed consistent with the Bridge/Bond Documentation Principles,

(e) that is not permitted by law, regulation or contract (including any contract relating to debt for borrowed money) (to the extent existing on the Closing Date or, if later, the date it becomes a restricted subsidiary and in each case, not entered into in contemplation hereof) to provide such guarantee or to become a Guarantor, or would require third-party or governmental (including regulatory) consent, approval, license or authorization to provide such guarantee or to become a Guarantor, (unless such consent, approval, license or authorization has been received), or for which the provision of such guarantee would result in a material adverse tax consequence to WMIH or one of its subsidiaries (as reasonably determined by the Borrower in consultation with the Administrative Agent),

(f) that is a special purpose entity (including not for profit entities and captive insurance companies),

(g) that is a registered broker-dealer,

(h) any restricted subsidiary established for the purposes of issuing notes or other securities in connection with a warehouse facility or indebtedness related to mortgage servicing rights or any securitization entities or

(i) any subsidiaries of the type not required to provide guarantees in comparable financings for companies in the Company’s industry with the consent of the Administrative Agent (it being understood and agreed that exceptions contained in the indentures governing the Company’s existing notes shall not be subject to the consent of the Administrative Agent) (the “Subsidiary Guarantors”) (collectively, and together with WMIH, the “Guarantors”; and together with the Borrower, the “Credit Parties”). In addition, certain subsidiaries may be excluded from the guarantee requirements under the Bridge Facility Documentation in circumstances where the Borrower and the Administrative Agent reasonably agree that the cost of providing such a guarantee is excessive in relation to the value afforded thereby.

Subject only to the restricted payment covenant in the Bridge Facility Documentation and no continuing payment or bankruptcy event of default, WMIH may designate any subsidiary as an “unrestricted subsidiary” and subsequently, subject to WMIH being able to incur at least $1 of additional debt under the Fixed Charge Coverage Ratio, redesignate any such unrestricted subsidiary as a restricted subsidiary. Unrestricted subsidiaries will be excluded from the guarantee requirements and will not be subject to the representations and warranties, covenants, events of default or other provisions of the Bridge Facility Documentation, and the results of operations and indebtedness of unrestricted subsidiaries will not be taken into account for purposes of calculating any financial metric contained in the Bridge Facility Documentation except to the extent of distributions received therefrom.

Security: None.

https://www.sec.gov/Archives/edgar/data/933136/000119312518045940/d539539dex105.htm

In My Own Opinion, ... ? ... The Security' has to be "Cash Returns", Generated by Performing Trusts, BOTH' Present and Future Tense' and WMIH-Corps, ability to Pay'

just sayin'

AZ

~ That’s Right Johnny ~

... The Original WMIIC / WMI “First Day Filings”, reveal the foundational process’, ... I’ve posted the many relevant document links quite a lot’, over the years’ ...

* A&M, was Court Allowed to manage the continuing “Cash” returns, (after the BK Filings), originally managed by WMI Investment Corp. (NO Commingling of Funds’)

* Weil (the debtor), was Court Allowed to manage the actual “Cash” on hand’ and tax refunds’ ... MOR revealed ...

AZ

~ WMIIC / WMI Was A Multi-National “Holding Company” ~

.... what about all of the rest of the Monthly Cash Producing Trusts’ ... the Trusts’ that are outside of the United States ... ? ...

per NationStar, ... ”throughout the United States” ...

I’m not counting the original €22 Billion divided into the Three Tranches of the Original WMB European Noteholder Program, Tranche 5’, Class 17a&b, which go to JPMC with the Bank, WMB, ... But obviously there are others’ ...

AZ

~ Bob and LG, I Agree’ There’s Obviously More To Come’ ~

Business Overview

Based in Dallas, Texas, Nationstar provides quality servicing, origination and transaction based services principally to single-family residences throughout the United States. On February 12, 2018, Nationstar entered into an Agreement and Plan of Merger (the “Merger Agreement”) with WMIH Corp., a Delaware corporation (“WMIH”), and Wand Merger Corporation, a Delaware corporation and a wholly-owned subsidiary of WMIH (“Merger Sub”). The Merger Agreement provides that, upon the terms and subject to the satisfaction or waiver of certain conditions, Merger Sub will merge with and into Nationstar (the “Merger”), with Nationstar continuing as the surviving corporation and a wholly-owned subsidiary of WMIH. The Merger is expected to close in the second half of 2018, subject to regulatory approvals and customary closing conditions.

... A&M ? nunc-pro-tunc, back to 10/02/2008 ... ? ...

https://www.sec.gov/Archives/edgar/data/1520566/000119312518119131/d454549ddef14a.htm

just sayin’

AZ

~ Bob, Yes I Have Always Been Consistent ~

JPMC need to be saved by the OTS / FDIC, and immediately was' ... But there was more, much more' ...

The Monthly Cash Producing "Trusts", continued to perform

AZ

~ Interesting ?, Ahead Of The "Merger Completion" ~

... And' ? ... after all of these years (basically, since mid 2011) ...

... I have a feeling that ahead of the WMIH-Corp and NationStar Merger's completion, ... that there will be more financially relevant information' released'

... after ALL of my own' Sequencing, Study, Research, as well as my individual WaMu Investment Choices' ... I'm going to "finally" get to see', just what the reorganized newco' (the reorganized WMIIC / WMI), was Plan 6 expected and designed to accomplish ?, as well as attempted' to be' ... (only now, with me' having been given a chance to "Participate")

... with the WMIIC / WMI TWO' Bankruptcy's original attempt to end and reorganize' at the PIERS Hybrid Creditor Class 16, ... with AAOC' owning the lions share of the "hybrid class PIERS", 23 million original shares, ... and a debtor assigned newly reorganized company participation restriction of a minimum of a $2,000,000.00 buy in, calculated at $25.00 pps, with a 100,000,000 share float at inception' ... ? ...

... NONE', ... of the Future Tense' Original Values that AAOC would have originally considered would have changed, ... the values would have merely grown exponentially since 2011' with a Court assigned FJR Claims rate of $0.0195 ...

I have always 100% doubted, that the institutional funds involved, would have paid such a price' for an empty shell with the possible use of some net operating loss tax advantages, aligned with a bank (WMB) that was earmarked to be removed from the original WMI consolidated taxing group by the FDIC'

... Ahead of This Merger with NSM ?, ... should be interesting ...

AZ

~ Bobby, Good ~

When Plan 6’ Failed ?, the debtor was subsequently “forced” into to allowing ... Us’, ... an opportunity to “Participate” in the actual reorganization process ... The WMB Bank Noteholders, (Tranche 5 Class 17a&b), Forced Bankruptcy Rule 510(b) “Subordination”, and the Litigation was carried on in Judge Collyer’s Court in D.C. (the dual tracking litigation) ... now as of 12/31/2017 is completed

Subsequently, with either Plan 6 or with Plan 7’s approval, the exiting newly reorganized company (WMIH-Corp), was always going to be’ a part of the end process ... however, our own opportunity, which plan 7 gave to us, to Class Release and, ... “Participate” ... was never originally expected or ever initially considered ...

So yes, ... as was always originally planned, ... the newco’ WMIH-Corp will financially benefit, ... now though, as well as ALL of the original Class Releasing Owners ...

AZ

~ Yeppers, And You Are Welcome ~

Along with everything else, I also follow ... non-deutsche bank listed Trusts’, ... most of the ones considered for the debt ratios are Long Beach anyway, which do not’ concern us ...

As in every month since January of 2018’ ... yesterday, was no exception’ ... the Trust Investor Reports That I monitor, stated that distributions were made, as of 03/30/2018’ and on 04/25/2018’ ... (RMBS (residential) Trust distributions are generally made on the 25th of each month, following the close of the preceding month) ...

AZ

~ PM, Present Tense ?, I'm Not Sure ~

... However, According to the following of the relevant and ongoing Litigation ?, as well as the 15(g) reports recently revealed on Feb 12th, 2018, ... Reporting As Of 12/31/2017 ... Concluding that these Performing Trust legal issues were addressed and legally completed as of 12/31/2017' ? ...

It is my own opinion, that these financially relevant Trust' issues, were legally able to be carried forward into an "Acknowledgment of FACTS", as of the First Quarter of 2018' ... thus, the ability to reveal the Merger agreement with NSM' the day after on Feb 13th, 2018 ...

... We', ... are ? and have been ? dealing with hedge funds and private equity, that have tried very, very, hard, to NOT allow YOU (and me) to be involved' or financially benefit ... "none of that matters" ... the "dual tracking" process is real and has been able to be studied and sequenced' ...

AZ