~ So, WHO ? Owns (41.6) Released Class 19's ? (Yep, I do') ~

Here are the Reit Series Supporting Trusts' ... Now' ? Financially Supporting, A Class 19' Security' ... yeah doggg''

So, Take some time and look at some of these financial (able to be overfunded for tax puposes') monsters' ... originally produced as WMB Debt' ... BUT' ... They went through the "Exchange Event" and became a WMI' (parent corp) ... Preferred Security' ...

Washington Mutual Preferred (Cayman) I Ltd. 7.25% Perpetual Non-cumulative Preferred Securities, Series A-1 (to be exchanged into depositary shares representing Series J Perpetual Non-Cumulative Fixed Rate Preferred Stock of WMI);

Washington Mutual Preferred (Cayman) I Ltd. 7.25% Perpetual Non-cumulative Preferred Securities, Series A-2 (to be exchanged into depositary shares representing Series J Perpetual Non-Cumulative Fixed Rate Preferred Stock of WMI);

Washington Mutual Preferred Funding Trust I Fixed-to-Floating Rate Perpetual Non-cumulative Trust Securities (to be exchanged into depositary shares representing Series I Perpetual Non-Cumulative Fixed-to-Floating Rate Preferred Stock of WMI);

Washington Mutual Preferred Funding Trust II Fixed-to-Floating Rate Perpetual Non-cumulative Trust Securities (to be exchanged into depositary shares representing Series L Perpetual Non-Cumulative Fixed Rate Preferred Stock of WMI);

Washington Mutual Preferred Funding Trust III Fixed-to-Floating Rate Perpetual Non-cumulative Trust Securities (to be exchanged into depositary shares representing Series M Perpetual Non-Cumulative Fixed Rate Preferred Stock of WMI); and

Washington Mutual Preferred Funding Trust IV Fixed-to-Floating Rate Perpetual Non-cumulative Trust Securities (to be exchanged into depositary shares representing Series N Perpetual Non-Cumulative Fixed-to-Floating Rate Preferred Stock of WMI).

AZ

~ Bob Nope, I'm Not Taking Anything Poorly' ~

I can simply tell that there are those attempting to enter into the discussion, that haven't taken any time at all to actually review the relevant material, ... or actually take the time to, ... ~ Know What They Own ~ ... So, In My Opinion ? ... attempting to have a discussion ? ... is sort of a waist of everyone's time' ...

Neither WMI' or WMB' actually owned the Reit Series Supporting Trusts' ... nor' ... were either WMI' or WMB' legally responsible to report the valuations and earnings' on their submitted balance sheet' ... (documented)

The Original WMB (debt) Reit Series Securities' ... transitioned to a WMI Preferred Security' at the "Exchange Event" ... which came with an extremely relevant embedded recital' ... which has some very, very, serious and distinct wording placed within it, such as, ... The Company, "Promises" ... and ... Covenants" ... their amazing' percentage of returns' ... (133.33% PLUS' 100%) ... or, a value equivalent of common shares' ... (documented)

Now ? ... WMIH-Corp is the reorganized WMI' and the Class 19's, as well as their original support' obviously still exist ...

Oh, and I see a quick correction is already needed' ... A Reit Series Security Had A Participation Cost of $100,000.00 each' ...

AZ

~ UPDATED, "Embedded Derivative Function" Numbers ~

On 09/30/2016’ ... WMIH-Corp reported an ... embedded derivative liability of $58,261,000.00 (the pps was perfidiously enhanced) ...

(added:) On 12/31/2016' ... WMIH-Corp reported an ... embedded derivative asset of $80,651,000.00 ...

While on 03/31/2017 ... WMIH-Corp reported an ... embedded derivative asset, ... of $98,680,000.00 (again, the pps being purposely depressed)

And' Yes, ... regarding the now 9 Years of “Trust” Generated Accumulated Cash”, ...

And Yes, ... to a Delaware Registered WMI-LT Pass-Through mechanism, able to be utilized while the LT is able to remain active, ...

And Yes, ... to a large portion of the original “Trusts” having a 10 year life span’, the timing of the last ones which were actually produced, now ending in Nov 2017’ ...

And Yes, ... I believe WMIH-Corp needs to couple its own “Equity Interest” ... with our (the releasing (41.6) members), owned percentage of the original estate’ ... (WMIIC / WMI) ...

And, ... NO, I DO NOT believe that WMIH-Corp, is LEGALLY able to couple what ... WE’ OWN, ... to what ... THEY’ OWN, ... with any semblance of either a, ... ”Falsely Enhanced, or a Falsely Depressed”, ... PPS (price per share) ...

merely an accounting convenience provided to the newco’ by way of the ... "embedded derivative function" ... of the rights offering replacement credit facility ...

As I have posted, ... The ... "embedded derivative function"’ ... provided by the KKR replacement credit facility allowed for this accounting and balance sheet manipulation ... However, IMO, ... it no longer matters’ nor’ is this needed any longer ...

To the best of my calculations, ... the pps transition, must occur using a WMIH-Corp closing PPS’ somewhere in between the adjusted close on ... 09/30/2016’ (updated:) ... and' the adjusted close on, ... 12/31/2016

AZ

~ Guys, Direct From The Horses' Own Mouth ~

Repeat after Me' ... "Material Differences, Exist" ...

~ GO4, Yes I Agree ~

At this point in time, Yes, ... I Agree with you, ...

Yes, ... regarding the now 9 Years of “Trust” Generated Accumulated Cash”, ...

Yes, ... to a Delaware Registered WMI-LT Pass-Through mechanism, able to be utilized while the LT remains active, ...

Yes, ... to a large portion of the original “Trusts” having a 10 year life span’, the timing of the last ones actually produced ending in Nov 2017’ ...

Yes, ... I believe WMIH-Corp needs to couple its own “Equity Interest” ... with our (the releasing members), owned percentage of the original estate’ ... (WMIIC / WMI) ...

And, ... NO, I DO NOT believe that WMIH-Corp, is LEGALLY able to couple what ... WE’ OWN, ... to what ... THEY’ OWN with any semblance of either a, ... ”Falsely Enhanced, or a Falsely Depressed”, ... PPS (price per share) ... a convenience provided to the newco’ by way of the ... embedded derivative function ... of the rights offering replacement credit facility ...

As I have posted, ... The ... embedded derivative function’ ... provided by the KKR replacement credit facility allowed for this accounting and balance sheet manipulation ... However, IMO, ... it no longer matters’ nor’ is it needed any longer ...

To the best of my calculations, ... the pps transition, must occur using a WMIH-Corp closing PPS’ somewhere in between the adjusted close on ... 09/30/2016’ ... and the adjusted close on, ... 03/31/2017

On 09/30/2016’ ... WMIH-Corp reported an ... embedded derivative liability of $58,261,000.00 (the pps was perfidiously enhanced) ...

While on 03/31/2017 ... WMIH-Corp reported an ... embedded derivative asset, ... of $98,680,000.00 (again, the pps being purposely depressed) ...

AZ

~ It Doesn't Matter, Look At The Reported Balance Sheet ~

I just posted a rough breakdown of the reported WMIH-Corp financials' as of 09/30/2017 ...

WMIH-Corp, In its current SEC REPORTED state of financial affairs, ... WMIH-Corp's Balance Sheet' doesn't qualify them to actually even be on the NasDaq' ...

... irrelevant of the shares out, as associated with the pps' ... a reverse split ?, ... DOES NOT DO A THING' to enhance the company's SEC Reported financials' ...

AZ

~ Currently' A R/S Is The Least Of WMIH-Corps Problems ~

Has everyone actually reviewed the most recently filed WMIH-Corp SEC 10-Q', for period ending 09/30/2017 ... ? ...

$732,738,000.00 reported, asset value'

- $577,220,000.00 reported, restricted cash'

- $111,877,000.00 reported, derivative asset - embedded conversion feature'

---------------------------------------

= $43,641,000.00

(this number does not include roughly $32million in WMMRC' currently in Run-Off, so the value continues to diminish')

(206,380,800 shares issued and outstanding as of September 30, 2017)

... Oh Yeah, and don't forget that the restricted cash comes with immediate dilution, and the embedded derivative asset is nothing more than a slick ability to report FAKE money ...

WMIH-Corp 10-Q For period ending 09/30/217
https://www.sec.gov/Archives/edgar/data/933136/000156459017023336/wmih-10q_20170930.htm

AZ

~ This ? Is The Result Of Forced Subordination 510(b) ~

I've been saying the same thing for a few years now, (2011 - 2017) ... The Approved Plan 7, was the result of the Failed Plan 6', readjusted to adhere to proper subordination, Bankruptcy Rule 510 and its subsets' ...

(The Road King' was NEVER' in any danger)

AZ

~ Thanks Niceseashell and Ron ~

The requirement for the uplist to the Nasdaq, ... was originally one of the KKR B’ Series Replacement Credit Facility Requirements ...

... in my own opinion ? ... All of this was All planned for from the beginning ... control the narrative / control the pps ... KKR gets let loose’, ...

AZ

~ My Own Opinion On The Matter ~

And Yes, ... Among many things WaMu ?, ... I ALSO Own’ Class 19’ released ownership “tracking markers” (a lot) ...

So take the original base values of the Original WMI Preferred Offering and their Supporting Trusts’ ... read the original Preferred Offering (196 pages) ... then, read a participatory prospectus ... research them as to their original WMB affiliations, ... as well as their transition to a WMI Preferred association at the exchange event’ ...

then, study and find them currently listed as ... “Operating As Subsidiary’s Of WMI Holdings Corp” (Always out of Delaware) ... then consider their continued interest bearing capabilities, ... conservatively apply a 11.9% loss ratio ... (Dunn & Phelps) ... and then apply a Court Assignment of .0195% FJR’ ... on your claim:, ... not to be considered ... ‘in your claim”, ... from Plan 7’s implementation ...

Personally, I Figure they’ are All now at their original 10 year maturity

... and there you go’ ...

AZ

~ Each Security Has Different and Specified Support ~

AZ

~ Come On Bob, ... ~

What is being presented ? ... Is’ ... hypothetically true’ ... it’s just not factually or QSR report financially able to be True’ ...

For This ? and for numerous other reasons ? ... This, is why I refer to the LT as the WMI-LT (propaganda machine) ...

If you want an answer to your possible legal prosecution suggestions ? ... ALL of those issues ? Are not possible as are documented in ... BOTH ... of the A&M Engagement Letters’ ...

A&M and their own Kosturos, ... were way out in front of this or the possibility of any’ legal issues from the very beginning ... again, ... specifed and addressed in Both’ ... A&M, Engagement Letters

~ Know Who You Have Been Dealing With ~

any potential legal ramification ... i’s and t’s ... were professionally dotted and crossed a very long time ago’ ...

Like I said. ... don’t worry about this at this point in time’ ... it is what it is’ ...

AZ

~ OK’ One More Time Since I’ve Known You For A Long Time ~

But again, ... I’m not interested in or wanting to argue ? or obviously point prove ...

First’ ... This and other discussion boards have misrepresented and have purposely confused this document, This Is a submitted 8-K, by the WMI-LT propaganda machine’ ... itself’ ...

Second’ ... Just humor me and read it slowly ... just one more time’ ... yes, this is some typical slick wording as usual from them’ ...

YOU need to be issued an ... Interest in the LT’ ... an LTI’ ... beyond Tranche 5’ ... for this load of purposely presented bunk to actually take relevant form’ ...

... YOU being issued an Interest in The LT?, an LTI ? beyond Tranche 5’ ?, ... is just exactly what IS NOT going to happen ...

AZ

~ Nah’, Why Should I Argue or Try to Convince Anyone of Anything ? ~

You have me confused’ ... I have presented linked dual tracking process’ ... ALL of it’ ... what an individual does with the information ? is up to them’ ... you’ll see’ ... besides, it doesn’t matter now’ ... it’s almost over anyway ...

AZ

~ Your Wrong’ ... Wait It Out’, ... I Am ~

Let me know when you are issued an actual Interest in the LT’ ... an LTI’ ... beyond class 17a’

It’s NOT Gonna happen ... WMILT = “propaganda machine” since it’s inception 03/06/2012’

believe what you want’ ... it doesn’t matter now’ ... “it is what it is” ...

AZ

~ Preferred Security Owners, ARE NOT Shareholders ~

AZ

~ Yes’ ... They OPERATE As Subs of WMI Holdings Corp ~

These particular Subs, ... as well as hundreds of others’ ... can not be owned’ ... they’ are private entity’s, that once formally functional, ... continue to perform per their prospectus ... Without Any’ Listing Requirements’ ...

AZ

~ The Original’ WMI Preferred Offering ~

Was originally supported by ten year performing Trusts’ ... When discussing the associated Class 19’s ... ? ... now, some 10 years later in Nov of 2017’ ?, ... regarding them, it is all “Cash” ...

AZ

~ Bo, Yep’ Common Sense and DD, Is Sometimes Frowned Upon’, But Not When or IN’ Areas where It Actually Means Something (ROI’) ~

The WMI Preferred Offering’ and its (listed) ... Supporting Trusts’ ... are’ and have been’ ... recorded as “operating as subsidiaries of WMI Holdings Corp” ... registered out of Delaware of course’ ...

WMI Holdings reincorporated to Delaware in May 2015’ ... for a number of reasons ...

... the original TPS “exchange event” occurred at 8:00am on 09/26/2008 ... roughly 14 hours and 15 minutes ahead of the first BK Filing’ ... WMIIC recorded at 10:15pm and WMI at 10:16pm. again, on 09/26/2008’

AZ

~ Yep, Why Should The BOD's Answer ? ~

Heck, after the guy puts the following in the email submitted' ? ... why should the BOD's bother to answer ? ... no answer needed' Right ?

~ I've Been Explaining The "Rights Offering" Since 2015 ~

I have always attempted to explain to the people' ... simply how ALL of the ridiculous "financial models", claiming the use of ALL of the $600,000,000.00 in "Cash" held by CITI' (as the escrow agent), ... was irresponsible nonsense'

as well as how ALL of the ridiculous "financial models", claiming the use of 100% of the allocated 3.5 billion share count, ... was again irresponsible nonsense'

as well as ALL of the jibberish presented regarding the WMI-LT (propaganda machine), issuing "warrants" to the Owners of the Estate' ... and many, many, many other nonsensical statements, ... were simply incorrect' and misleading' ...

... The $600,000,000.00 provided for by the replacement KKR Credit Facility' was never earmarked to merge with ? or acquire ? a third party entity' ...

The contractual 01/05/2015 "Rights Offering" between WMI Holdings Corp and KKR, ... was First, ... a product of the mediation accomplished in late 2011' ... The original AAOC Credit Facility Provided at the Plan 7 Reorganization, was to be replaced' as reasonably soon as possible' ... (documented) ...

Next' ... The "Rights Offering" provided the new company with price per share protections' ... these pps protections were needed' due to the ongoing and incomplete D.C. Litigation

The $600,000,000.00 dollar figure was NOT chosen irresponsibly' ... This $600,000,000. was chosen as a direct relationship to the amount of common shares issued at the reorganization' 200,000,000 ... $600m / 200m shares, allowed for a pps control of roughly no more than $3.00 pps, ... with the low end, ... at ZERO' ...

... Again' ... with the replacement credit facility also came a pps controlling mechanism' ...

As I said, ALL of this is exclusive to the "Rights Offering" Itself, and the USE' of the actual $600 million in "Cash" issued' ... (now' roughly $575 million reported as of 09/30/2017')

Any Financial Forward Move by the now, ... Delaware reincorporated WMIH-Corp "other than" ... this specified B' Preferred Offering "Cash" held by CITI' ... is not included within the contractual arrangement' ...

Original Estate Returns and Issues ARE and ALWAYS Have Been' ... The Most Important' and Most Financially Beneficial to ALL' ...

WMI Investment Corp.

Washington Mutual, Inc.

The Trust Supported, WMI Preferred Offering

The 1031 Exchange

The 2001 - 2041 Trust Supported' WMI Issued 6036' Debt Offering

The WMI Original Trust Supported WMB Noteholder Program'

... and, much, much. much, ... more' ...

The "Settlements" (All of Them) are now thankfully' completed'

AZ

~ Invest Accordingly’ , I Don’t Argue With The Signed Documents ~

AZ

~ Okay', Here Is An Easier Question ? ~

With the manipulative lowering of the WMIH-Corp pps' throughout 2017' ... Which, obviously increases the allowable ... "derivative asset" ... which again, is legally able to be SEC reported ? ...

and' is obviously correct for anyone taking the time to review the relevant 2017 SEC Q' submissions' ...

So, ... WHO EXACTLY' ... does this "derivative asset" being reported' benefit' ... ? ... KKR ?, WMIH-Corp ?, the Individual Shareholders ?, the Institutional Investors ?, the WMB Bank Noteholder ad-hoc Steering Committee ?, (that one made me laugh), ... the WMIH-Corp BOD's ?, ...

... WHO' hmmmmm ... ? ...

(here is a hint', the embedded derivative asset which is currently being reported throughout all of 2017', is exclusive to the current Rights Offering' ... and, ...

a derivative asset or liability do not need to be financially reported in a "K" annual submission, ... and' ... it's need will disappear with the end of the Current Rights Offering ? as well as WMIH-Corp Financial Move Forward')

AZ

~ Here Again, Is WMIH-Corps View On The NOL's ~

... For anyone that missed this ... ? ...

~ Now ? That the D.C. Litigation Is Completed ? ~

There is no longer a WMIH-Corp need for the legal, yet manipulative accounting feature' that the ... "a derivative embedded conversion feature" ... allowed for' ...

whether in the past, WMIH-Corp found a need to report a ... "derivative liability" ... or, as we now see for the entire year of 2017's SEC reporting since the 08/2016 announcement of the D.C. "Settlement" ... the WMIH-Corps ability to report a "derivative asset" as the pps has fallen all year 2017' ... (12/31/2016 pps close @ $1.55)

Remember' ... this "derivative embedded conversion feature" ... IS' 100% exclusive to the Rights Offering' ... That ? is important to understand' ...

Any number of other numerous other' actions or financially relevant forward moves, at this point in time', make that feature of the 01/05/2015 Rights offering' ... 100% irrelevant' ...

AZ

~ Irrelevant Of Plan 6 ? or Plan 7 (s) Approval ? ~

One of the extremely relavant' constants in Both' Plans was the Reorganized Company's plans and need' for the ... "Reincorporation to Delaware" ...

The (failed) Plan 6' submission had the newly reorganized company, ... reincorporation to Delaware needing to occur' within' one year' of the new company's reorganization ...

The (approved) Plan 7' submission left the move' or the reincorporation to Delaware timeline, needing to be open ended, due to the fact that' with the approval of Plan 7' ? ... Plan 7's approval also came with, the continuing D.C. Litigation' ...

The (failed) Plan 6' submission came with a minimum participation of $2,000,000.00 with a calculated $25.00 pps with 100,000,000 million shares available' ... or, an immediate market cap' consideration of $2,500,000,000.00 ... financially enough to justify a reincorporation to Delaware as well as an uplist to the Nasdaq in "quick time" ...

The (approved) Plan 7' Approval came with the necessary Class Releases' and Estate Ownership "Tracking Markers" for future use' ... The WMB Bank Notes (Class 17) were NOT a hybrid (part debt / part equity) security' ... a reorganization plan could not end at the WMB Bank Notes' ... WMI's Equity' Owners, needed to be the reorganizations ending Classes' ...

The (failed) Plan 6' submission came with the WMB Bank Noteholders acceptance of the debtors offering of a Class 12 General Unsecured Designation ... The WMB Bank Noteholders' obviously refused' as the D.C. litigation continued' ...

The (approved) Plan 7' submission and ultimate Court Approval' came with the continuation of the WMB Bank Noteholders Litigation in D.C. through to a "Settled Result" ...

The (failed) Plan 6' submission allowed for an immediate market cap of roughly' $2,500,000,000.00 with a ZERO need for either an immediate credit facility ?, or a replacement credit facility, ...

Let alone the need for a replacement credit facility (KKR's 01/05/2015 rights offering) ... that came with an "a derivative embedded conversion feature" ... which gave way to (legal) accounting adjustments to be presented on the companies SEC submissions' ...

The (approved) Plan 7', due to the ongoing D.C. Litigation as well as the uncertainty of the eventual litigated result' ? had a financial need for the accounting features allowed' which came with The B' offerings' "a derivative embedded conversion feature" ...

If one takes a moment to compare the WMIH-Corp' financial reporting for period ending 09/30/2014' ... as compared to the same WMIH-Corp financial reporting for period ending 09/30/2017 ? ... the obvious becomes apparent' ...

With The (approved) Plan 7', WMIH-Corp would not have originally been in a position at the reorganization to financially justify a reincorporation to Delaware or an uplist to the Nasdaq' ... without the accounting manipulative allowances that the "a derivative embedded conversion feature" of the Rights Offering allowed for' ...

AZ

~ So, Has There Been Any Progress On The ? or Regarding The Quiz ? ~

I know it’s only been roughly 24 hours, ... but’ ...

I thought I would check in’ early, ... do either of the two of you require another ... “hint” ... ? ...

Okay’ ... here is a good one’ ... “The Embedded Derivative Conversion Asset or Liability Feature” ... Is exclusive to the 01/05/2015’ KKR Rights Offering’ ... the contract between WMIH-Corp and KKR’ ...

AZ

~ Well, ? Being Caught @ Insider Trading ? ~

That chance taken, with possible serious consequences ?, was already taken’ ... Right ? ... I think they got off easy’ along with the FDIC’ ... through the GSA’ and the Plan 7’ Class Reorganization ...

However, moving forward, Nothing has actually changed’ ... “other than” ... the additional time Plan 7’ made necessary to bring the D.C. Litigation to a now “Settled “ Close ... (now, done) ...

So, How far will they go to get rid of you ? ... I don’t know’ ... tank the pps’, ?, ... engage the stop losses placed by retail ?, ... zero information ?, ...

Here is What I do know ? ... I know that absolutely nothing’ financially relevant ? has ever disappeared’ ... only grown exponentially with interest assignments after all of these years’ ... as well as the fact that, ... THEY are still here’ along with me’ ...

AZ

~ Boarddork, You Are Welcome As Always ~

I am sure, As well as your own participation is always very much appreciated' by all ...

Yes' ... We' as retail participants' ... were able to survive the reorganization of WMIIC / WMI, after the Court Ordered a Mediation Result' as well as a Settled Result' back in 2011' ... however' ... Our own ability to be included came with a cost' ...

The "greed and anger" of those that tried to keep all of WaMu' for themselves' ? ... was NOT over at the 03/2012 Plan 7' Class Reorganization' ... The Litigation in D.C. was going to be a continuing' litigation process, ... and the barrage of the retail participants' negativity and beatdown' was only just beginning' ...

at the time ? the plan to exclude retail' was disrupted ? but it was NOT over' ... there would still be a long period of time to discourage and remove as many retailers as possible using multiple discussion forums' ... (at the 03/2012 reorganization, some 30% of the original WMI' common shareholders did not release, but again' it wasn't over)

The evidence and tactics' of these attacks designed to discourage retail participants' have been obvious to all, in multiple areas' as we' have all witnessed' ...

For these reasons' ... Now that the D.C. Action and it's requirements have been "Settled" ? ... I wanted everyone to take a look at the financial protections the company itself had put into place within the replacement credit facility (01/05/2015 KKR Rights Offering) ...

If the pps was dropped ... ? ... The company was able to SEC submission' record a financial ... "asset" ...

for a reorganized company without any forward moving product production or servicing function ? ... I find this to be pre-planned and obviously agreed upon by the parties involved' ...

the new company ? ... as well as the tactics to discourage as many retail participants as possible ? remains the same' ...

~ Lets Have Some Fun, A Pop Quiz For bk or ex' ? ~

@ 03/31/2017' ... Q'
shares out were 206,380,000 the PPS closed @ $1.45
WMIH-Corp reported a "derivative asset" of $98,680,000.00

@ 06/30/2017' ... Q'
shares out were 206,380,000 the PPS Closed @ $1.25
WMIH-Corp reported a "derivative asset" of $73,298,000.00

@ 06/29/2017' ... Q'
shares out were 206,380,000 the PPS Closed @ .95
WMIH-Corp reported a "derivative asset" of $111,877,000.00

@ 11/10/2017' ...
shares out were 206,380,800 the PPS Closed @ .68

OKAY' Here is the pop quiz' question for BK and EX' for the Weekend' ... open book allowed ... ? ...

With shares out at 206,380,000 ? ... WHAT ? is WMIH-Corp able to legally report as a "Derivative Asset" ... IF' ? the WMIH-Corp, PPS goes to ZERO' ... ? ... PPS = $0.00 ...

and, ... Here is a hint ... The WMIH-Corp BOD's does not pay hardly any attention to the PPS' ... re; shareholders meeting'

OKAY, ... Go' ... I'll check up on your progress on Monday before the open'

AZ

~ WMB Bank Noteholders = “ad-hoc” “Settlement” Steering Committee” ~

Maybe ... that ? ... Was also missed ? ... lots of D.C. litigation ? ... or maybe the 03/02/2016 pr

AZ

~ Uh’ Yeppers, I’m Quite Aware’ of the (entire) Process and Who’s Involved ~

... I simply stick to the documents as filed’ ... well, only the signed ones’ ... But, ALL of those’ ...

... I just posted earlier this morning regarding the new company’s, WMIH-Corps, ... Actual, View on the NOL’ Issue ? ...

Maybe ?, if you know something “other than” what WMIH-Corp “itself” discloses ... ? ... maybe you could provide the new company with some assistance ? ... since, as disclosed ?, the new company itself still remains ... unsure ? ...

Here, ... I’ll do it again, ...

~ So, Who's SURE About NOL's ? - Because Even’ WMIH-Corp, ISN'T SURE ~

~ Beufort' Nah' She Hasn't Even Arrived At The Theater Yet ~

... I see only snipets' are being posted from the ... WMIH-Corp SEC 09/30/2017 10-Q' ...

An SEC 10-Q' submission, ... does not, nor is it required to ... depict the full and entire financial picture of any SEC Registered Company' ... That function ? is what an Annual K' Report is for' ...

These specific SEC reporting functions, are obviously utilized within WMIH-Corp's reporting mechanism' ...

Here Are My Own Conclusions' ...

The TRUSTS' ? yep, they are real ... DB proved that' ... Yep, Even the ONE' (singular' 6036) that WMI (now WMIH-Corp) ... OWNS and Originally Produced as a TRUE Debt Instrument' ... a 40 year supporting cert (2001 - 2041) ...

The billion dollar' NOL's ? ... are GONE' ... WMB' has transitioned to JPMC' ...

The B's ? ... yes, contractually could have been used, ... but thankfully' ... will not be used to any great level causing' a ... WMIH-Corp' ... debt and dilution ... causation level' ...

These ARE My Own Conclusions' ...

AZ

~ NiceSeaShell, Yes, I Remain Here Because of YOU' And Others ~

... So, Thanks for letting me know that YOU' are still out there and reading' ... As You know, I do not ever' give anyone investment advice ... EVER' ...

... I only do my level best' to reveal relevant segments of the WaMu process, ...

AZ

~ I've Been Posting About The B's Since 2015' ~

The B' Series Issue' ... (the 01/05/2015' KKR Rights Offering) ... was the replacement credit facility' ... the original AAOC credit facility which was provided to the new company at the 03/2012' reorganization was always to be replaced by the new company as quickly as possible' ...

The B' Series required that WMI Investment Corp. ... was the "Gaurantor" ... in the event of a default ? ... well ? that's not hard to figure out'

The B' Series came with a 3% coupon to be paid in allowance for CITI Bank to maintain control of the associated "Cash" as referred to as the "Escrow Agent" ...

The B' Series - also - came with built in considerations of a strike price ... IF' THE MAJORITY' OF THE CASH WAS EVER USED' ...

However' ... The Strike Price Floor' (@ $1.75) ... came with a much, much, more financially important feature for the new company, while "time" needed to move forward', to accomadate the finalization of ALL of the ongoing litigation' ... (now ? done)

The B' Series provided an embedded feature known as a, "derivative liability" ... or a ... "derivative asset" ... giving the new company the ability to legally' present' either a value or a loss' associated with the existing pps' ...

The lower the new companies pps' is ? at the end of any given reporting period ? ... the greater the allowable and reportable ... "embedded derivative asset" ...

Is this a true, fixed and hard spendable asset ... ? ... the answer is a resounding ... NO' ... is it a slick accounting technique ? ... the answer is ... YES' ...

As of 09/30/2017' ... The new company is reporting an "embedded derivative asset" valuation of some ... $111,877,000.00 ...

~ No Problem, Here Are A Few Of My Own Considerations ~

The big money and 1st lien “loan to value” financially solid, ... Trusts’ ... are basically ALL long term Cash return monthly dividend producers ... some of them are basic packaged products for a 30, 40, years future term, and some of the commercial lines are actual property lease packages for 99 years renewable ...

With the first packaged products initiating in 2000 - 2001, ... and the final packaged products were completed in 2007’ ... a coincidence ... ? ... sorry, I don’t believe in any coincidences at this financial level ...

The initial accumulated funding, being held ... nunc-pro-tunc ... since 10/02/2008’ ... will initially need to be a consideration ... but no where near the end of the process ...

AZ

~ Because of the Original Claims Filed By The WMB Noteholders 12/31/2008’ ~

Judge Walrath’s open court proceedings were the - singular and only’ - focus of many’ ... however, ... the BIG and relevant litigation, ... was concurrently going on in D.C. ...

In Sept of 2011’ ... post the courts denial of 6’ and the court order for a mediated result ? ... all we’ needed to do was Class release’ (41.6) ... and wait for the D.C. final result’ ...

Colliers Court’ ... was where the heavy weights were working toward a “Settlement” ... now ? thankfully all of that ? Is completed ...

AZ

~ Tzebedee, Hello I Hope You Are Well’ ~

Yes, I saw that as well’ ... If ? ... I were to take a stab at that (initial) JPMC reveal ? ... My first thought was an initial financial acknowledgment of the original ... “Option Arms” ... the last ones packaged, were from 2007’ ... with a 10 year maturity ... so, we’re kinda there’

With JPMC being the designated assigned ... servicer’ ... for the “Massive WMI Loan File”, ... these 10 year option’ term arms loans, ... would in my opinion ? ... be the first of the original Trusts to be acknowledged ...

The actual big money makers, ... are the long term Trusts ... residential fixed and commercial lines

AZ

~ hmmmm, A Couple Of Thoughts and Current Considerations ~

Had Plan 6’ Been Approved ? ... (don’t worry, it wasn’t for anyone new here’) ... the reorganization’s Tranche Matrix would have ended at Tranche 5’, (only 5 were originally listed and needed) ... With an approved plan ending at the Class 16 Piers holders, as well as, with the WMB Bank Noteholders acceptance of a debtors offer of a WMI’ Class 12 General Unsecured nomenclature, ... (obviously, they didn’t, and again 6’ failed), ... BUT’, ... things would have been different, on a few levels ...

The Class 16 PIERS Securities, ... were never’ ... going to ever’ be issued original estate’ ownership “tracking markers”’ ... (Plan 6 ? or Plan 7) ... BUT’ ...

... so, What would have the PIERS Owned ... ? ... (again, had Plan 6 been approved) ...

First, ... the PIERS would not have needed to be capped’ at a defining moment in Time to a reorganization date payment of their “present value” ... ($240 million / with 23 million shares out, at roughly 10.52 (ish’) pps, capped) ...

So, let’s dissect ... a Class 16’ PIERS (part equity / part creditor debt) hybrid status, would have allowed them to participate and benefit financially from any WaMu future returns beyond their $50.00 original face value plus an interest assignment, ...

So, ... back to Plan 6’ and the what the original attempt involved ... for anyone to participate ? ... there were earmarked a total of 100 million reorganization new company shares, ... with an initial pps’ calculated at $25.00 and a minimum participation of $2 million dollars’ ... Ah’, BUT here is the kicker’ ... had 6’ been approved ? the reorganized newco’ was mandated to reincorporate to Delaware within ONE YEAR of an approved reorganization ...

... Remember’ ... had the WMB’ Bank Noteholders initially accepted the debtors offer of a WMI’ Class 12 general unsecured designation ? ... the ongoing D.C. litigation would have ended ? ... and JPMC would have aquired ownership of the WMB Noteholders Program supporting Trusts’ (22 billion euro’s issued out of the UK) ...

So, ... IMO, the newco was originally considered to be valued at roughly 100 million shares at $25.00 pps, ... after only ONE YEAR from the reorganization date ...

PLUS, ... other than the WMB Noteholders Supporting Trusts (again, the WMB Trusts would have gone to Chase) ... the new owners of the reorganized new company, ... would have been able to benefit from the continued cash production as Ownership of all of the Trusts’ ... once the company completed its reincorporation to Delaware ...

... Our inclusion allowed in Plan 7’s approval ... changed all of that’ ... and’ also needed for the D.C. action to come to a litigation completed result’ ... Now ? ... thankfully finished ...

AZ