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Order Scheduling Omnibus Hearing on December 17, 2019 has been signed by Judge Mary Walrath.
http://www.kccllc.net/wamu/document/0812229191023000000000001
Doesnt he have until the 31st to file ?
once he files then the judge will schedule the hearing before EOY. ?
From the hearing held on September 26, 2019.
11:24
Brian Rosen: Your Honor, that would then leave us, as I’ve said before, the Griffin appeal as well as the D&O recovery. And, with that your Honor we still intend, notwithstanding the possible pendency of the Griffin appeal, to file an application to close the case. We think that there should be in no way a hindrance in doing that.
We intend to file that application, your Honor, by the end of October (10/31) because we hope that the D&O piece will be done and we’ll know the exact assets within the Estate. And, we would hope then to have that heard in a time frame to close the case by the year end.
Judge Mary Walrath: I will make sure it gets scheduled if you file it timely.
Brian Rosen: We will your Honor.
Omnibus hearing 12/17/19
SO my guess I YEEPERS and he aint done that as far as we know
MY WAG says ya can THROW the 31rst date OUT THE WINDOW as he missed the window for the 31rst.
I TRUST NOTHING HOSENUSAGAIN says and it really baffles me that ANY HERE DO after all these years
"the Final Payment"
Any WAGS on how much this might be?
What's your point? You're quoting from the Sixth Amended Joint Plan. (the plan that didn't get approved)
Pg. 1
"Before the Court is the request of Washington Mutual, Inc.(“WMI”) and WMI Investment Corp. (collectively the “Debtors”) for confirmation of the Modified Sixth Amended Joint Plan of Affiliated Debtors (the “Modified Plan”)."
LTIs TO EQUITY - AS PER THE JUDGE's OPINION
In addition, the
composition of the Trust Advisory Board must reflect the
constituents who hold Liquidating Trust Interests. When
creditors are paid in full, their Liquidating Trust Interests
will be canceled and preferred shareholders will be issued
Liquidating Trust Interests. (Tr. 7/13/2011 at 98; D 255 at §§
6.3, 7.3, 16.3, 18.3, 19.3, 20.3, 22.1, 22.2, 23.1 & 24.1.)
Consequently, the Trust must provide that when creditors lost
their Liquidating Trust Interests, the creditors’ representatives
on the Board will be replaced by representatives selected by
equity.
Page 25
https://www.deb.uscourts.gov/sites/default/files/opinions/judge-mary-f.walrath/mwf2011091308-12229.pdf
"On June 30, 2019, the DCR disallowed the remaining General Unsecured Claims. The remaining cash of $24,132 became available as unencumbered assets of the Trust."
Newflow - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151723043
DCR - DISPUTED CLAIMS RESERVE
In addition, the Liquidating Trustee administers the Disputed Claims Reserve (“DCR”). Holders of claims that have
not been allowed did not receive cash or LTIs as part of the Initial Distribution, and such assets were transferred to
the DCR pending resolution of claims. Since the Effective Date, the DCR balances have changed due to the
disallowance or allowance of disputed claims as well as payment on behalf of LTIs held by the DCR.
Pursuant to the Plan and the Liquidating Trust Agreement, the Liquidating Trustee (A) treats the DCR as a “disputed
ownership fund” governed by Treasury Regulation section 1.468B-9 (and will make any appropriate elections) and
(B) to the extent permitted by applicable law, reports consistently with the foregoing for state and local income tax
purposes. Accordingly, the DCR is a separate taxable entity for U.S. federal income tax purposes, and all
distributions from such reserve are taxable to the reserve as if sold at fair market value. Any distributions from the
DCR will be treated for U.S. federal income tax purposes as if received directly by the recipient from the Debtors on
the original claim or equity interest of such recipient.
As of June 30, 2019, the Statement of Net Assets reflects a balance of $0 for DCR assets. On June 30, 2019, the
DCR disallowed the remaining General Unsecured Claims. The remaining cash of $24,132 became available as
unencumbered assets of the Trust.
As discussed in Note 2, value is available to Class 18 Subordinated Claims, subject to the final treatment of a claim
that was removed from the registry due to a stipulation executed in May 2012. Per such stipulation, the claimants
could refile their claim once value is available to Class 18 Subordinated Claims. It is unknown whether such claim
will be refiled. Furthermore, there are additional disputed subordinated claims that were filed as unliquidated.
Given these circumstances, funds are held at the Trust rather than the DCR. Once addressed, funds held in reserve
may be placed in the DCR in accordance with the distribution mechanics set forth in the Plan.
SO DCR ASSETS MOVED TO LT AND READY FOR DISTRIBUTIONS,IMO.
As AZCowboy would say, he's not here to "point prove". He would also say, "I don't argue, nor do I debate".
I'm not trying to defend Hotmeat but i'm sure he has educated himself over the past 11 years on such things.
What could someone do in 11 years?
Go to college and earn a Bachelor's Degree? A Master's Degree?
Learn karate?
??
"HM" 3rd post TO COOP ....... 11-5-08 " I'm new to financials ?????
LAUGHS LAUGHS
hotmeat Wednesday, 11/05/08 04:57:46 PM
Re: None 0
Post #
38211
of 591517
Help please. I own common shares but I want to add wampq or wahuq shares also. Can anyone tell me the difference between the two and their respective pros/cons. Thanks
Ps: keep responses as simple as possible, I'm new to financials.
"initial distribution of" - "initial" being the key word
stoxjock read this and share your opinion
REORG AS DISBURSING AGENT FOR LTIs, NOT LT.
I am surprise to see that the reorg company is the disbursing agent for LTIs, not LT.LT is only meant for certain other claims.
Page 73/905
DISBURSING AGENT:
http://www.kccllc.net/documents/0812229/0812229120224000000000001.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=126370890
~ W3R' - As I have Said, ~
I honestly don't study and research the WaMu process' in that type of a specified numbers defined fashion' ... I have never invested in that manner' ... research first, invest second, decide whether to stay or not, gain as much profit as possible from as many areas as possible, ... (I decided long ago, that - WaMu - was a financial leviathan) ... all things considered' ...
Regarding - WaMu - the numbers are ~ Dynamic' ~ ... there are numerous moving parts, not to mention the Courts ultimate assignment of 1.95% FJR to be paid to a participant until a participants claim has been deemed completed' ...
... however' ... this question regarding some semblance of how much ?, does come up often, so I will share with you my own studied approach and conservative conclusions', always remembering that the numbers continue to be "Dynamic" in nature'
My "Base" consideration parallels, the same consideration that was originally presented to the Court by the WMB Note holders' ... the same WMB Note Holders, that turned Plan 6 up side down, ... by forcing the implementation of Rule 510(b), with a simultaneous accommodation of the multiple reasons that the Absolute Priority Rule (APR) needed to be removed' for a Plan to be approved' ...
The WMB Note Holders filed that their Bonds had a maturity of $1,000.00 per' (all were eventually integrated) ... with their individual offerings simply having different dates to mature, and applied different interest returns' ... also, in doing so, ... the Estate was addressed' ... referring to an Estate Owners common share be valued at $7.35 per 1.7 billion shares of common shares out' ...
Now STOP' ... these calculations utilized, by the WMB Note Holders, were a calculation considered at the 2008' seizure' ... These calculations DID NOT consider the Preferred Stock of WMI' ... however' ... Plan 6 DID' Fail, and Plan 7' WAS reworked to consider ALL participants, ... basically, the WMB Note Holders, ... WON' ... saving the Estate Owners in the process'
... So' ... I basically STOP there' and round up to an eventual return of $8.00 per common share ... "due to the fact" that Plan 7 was approved, and the WMB Note Holders played an important role in the process' ...
Humorously, I have referred to this as a play on the Judges terminology ... or, ... FOUR POSIT's ... as a -------
let me be specific' ... in my consideration, as I'm sure many are watching' ...
... So, ...
as a final Plan 7 approved consideration' ... IN MY OPINION, as a "STATIC" numbers consideration'
Tranche 5 = including ALL integrated WMB Note's ... most' (all have not achieved maturity yet, but those that have), will receive their face value assignment of $1,000.00, plus FJR (1.95%) from their receipt of their distribution, back to their individual maturity date' ...
while we know that Class 19' and Class 22 share a simultaneous distribution of 75% / 25% ... in my opinion, I believe there will be a few variable considering the FJR Court ordered to be paid to all classes (1.95%)
Tranche 6 = ... Class 19' P's and K's will receive their assigned face value, times a multiple of a conservative FOUR' while experiencing two FJR considerations' ... the first from the seizure to reorganization, and the second from reorganization future' ... (once APR had been removed)
Tranche 6 = ... Class 22' common uq's ... at the seizure a consideration of a dynamic number of $7.35 per share' ...
... I know that was long winded, however I did want to justify my conservative consideration of a minimum of $40 Billion Dollars in - Initial - Cash' ...
... I am Leaving A Lot Out' ...
AZ
So AZ, what was your reverse engineered calculation? TIA
Got a link to the text below?
... “PIERS (Class 16) and the 510(b) Subordinated Creditors (Class 18) voted to accept the Plan. The Absolute Priority Rule simply does not apply to the only creditor classes who will not receive full payment ahead of equity. Class 9 and Class 19 did not meet the required voting threshold” ...
IMO, this has got to be the biggest load of crap i've read on any board in the past 10 years relating to WAMU.
You saw it?
Seriously!
1. $2 BILLIONS ie .$1.88 Billions was the DOWN PAYMENT ie GOOD FAITH DEPOSIT FROM JPMC to FDIC....2. THE ORIGINAL P&A Was $200 Billions as I saw it myself ....So the Down payment was 1% of purchase price JPMC paid that was a bargain...
There are 291 loans listed on Exhibit "Z". Of the 291 loans, 269 are Single Family Residential. Anyone of sound mind should come to a logical conclusion that the value of such loans are not in the billions.
EXHIBIT Z,CORRECT. 33B-8B = 25B IS ALSO CORRECT.
Serious question, Large Green - have you ever looked at "Exhibit Z" to see how many and what kind of loans they are? (more of an emphasis on how many)
Do you believe their value to be in the billions?
***Exhibit Z***
Loan Servicing. From and after the Effective Date (3/19/2012), JPMC shall (a) cause such of its Affiliates to continue to service the loans identified on Exhibit “Z” hereto (the “Loans”) pursuant to the servicing agreements identified on Exhibit “AA” hereto (the “Servicing Agreements”), (b) cause such of its Affiliates to remit to WMI all checks and/or payments received in connection with those loans in its possession and (c) promptly (i) remit to WMI all servicing advances that JPMC is holding with respect to such loans and (ii) provide WMI an accounting with respect to each of the foregoing.
Notwithstanding the foregoing, any dispute that may arise relating to the servicing of such loans during the period from and after the Effective Date shall be brought pursuant to such servicing agreements and this Agreement is not intended to create any additional rights, obligations or remedies.
The Parties acknowledge and agree that (y) the Loans are the only loans that are or will be, from and after the Effective Date, serviced by the JPMC Entities (or their Affiliates) for the WMI Entities (or their Affiliates or their successors in interest) and that the Service Agreements are the only servicing agreements between the JPMC Entities (or their Affiliates) and the WMI Entities (or their Affiliates) and (z) with the exception of the obligations set forth in this Section 2.19, the JPMC Entities (and their Affiliates) shall have no further obligations or liability to any of the WMI Entities (or their Affiliates) with respect to or in any way related to the servicing of any loans for the WMI Entities (or their Affiliates).
Ha! You beat me to it.
Wait??? Aren't you the very one who keeps using the "assets will be there to go after line" from the BANKRUPTCY DOCS as proof of Safe Harbor assets??? Try keeping your own story straight...how pathetic!
The Underwriters received 1.4 million WMIH shares (pre-split before COOP) by having their claim placed in Class 19. So, of course they want to stay there. If their claim is forced to be placed elsewhere or jettisoned altogether then they will have to give up those shares, assuming they were not sold, or if so give up the cash equivalent to the value when they received them.
It’s that simple, imo.
If that were true, why don't they drop the whole thing?
But, for some reason, they WANT TO STAY in Class 19.
What do they know, but pretend to not know?
It was possible to not vote for the plan and still receive Escrows.
I kept all of my paperwork, as i'm sure you did as well.
For the "Beneficial Holder Ballot For Class 19 (Preferred Equity Interests).
Item 2 was the vote on the plan, to "Accept the Plan" or "Reject the Plan". I rejected the plan.
Item 4 was the OPTIONAL Opt-Out Election. It stated that "By checking the box, you elect NOT to grant releases contained in Section 41.6 of the Plan." "Please be advised that if you check the box you WILL NOT be entitled to a distribution under the Plan". I left my box unchecked.
griffin followed the TPS, whom she promoted for people to listen to, in 2012’, ... and, she actually followed their insert directive, to NOT vote for Plan 7 ... and she received zero Tracking Markers ...
... a costly financial error, for sure’ ...
AZ
He was talking about nutty message board individuals who believe they'll soon be millionaires.
Because, what he said was...
"Brian Rosen: …someone might oppose that application to close the case under the theory that there are in fact additional assets available for distribution. You and i and others have talked at, round and round, several times over. We are unaware of any additional assets, although people keep talking about that. But, we would like to bring that to closure and we would like to close the case."
Today, when Rosen told Walrath their might be those who might object to bankruptcy closing, who was he talking about? Jpm? FDIC? Who?
Maybe, just maybe...call me crazy (although i think this title fits others than me), but because there really is nothing for equity. (other than the remaining DEE shares for Class 22)
RD, why doesnt he just keep his mouth shut today instead of going out of his way to comment again "nothing for equity"?
10:35
Brian Rosen: Your Honor, I’m happy to report that we’ve resolved this claim. Of the shares of stock, those shares of stock will be provided for other equity holders and there will be a cash payment to this underwriter of $65,000.
Judge Mary Walrath: Ok.
Brian Rosen: And, so, (?) the balance of the cash,…of the stock, will go to the other holders within Class 22.
This is so funny!!!!!!!
Hosen, we know there is no money, but instead of settling for 65k in cash, we will give him 65k shares in class 22.....There is no money....so why give cash whne we can just give certificates that are worthless. something for nothing........What hosen is not saying is, "Your Judge Mattress, LTI has no more money to give out....since all the lawyers will milk the remaining 25m or just hand what is left in bonuses to all LTI personnel....."
So think about it, why are people settling for certificates in P or U's and not cash.....
Now that the agenda for the scheduled hearing on the 26th is out...any thoughts? Your post was marked.
woodstock, you WILL BE proven wrong. There will be a positive action whether that is the announcement of a 350 filing to close the Bk case, a consensual settlement with AG concerning the UWs and/or an announcement by Kosturos that he has signed a release which allows Book-Value to be paid as it states in Amended POR 7 signed on 2/23/2012.
***BUT***
At very minimum, there will be a positive development (s) on or before 9/26/2019.
YES, by all means, woodstock, MARK this post!
Proskauer Bolsters Business Solutions, Governance, Restructuring & Bankruptcy Group with Addition of Brian S. Rosen
"August 23, 2017 (New York) – International law firm Proskauer announced today the arrival of corporate partner Brian S. Rosen in the Firm’s Business Solutions, Governance, Restructuring & Bankruptcy Group (“BSGRB”) in the New York office."
https://www.proskauer.com/release/proskauer-bolsters-business-solutions-governance-restructuring-and-bankruptcy-group-with-addition-of-brian-s-rosen
Bban, can you or anyone else tell me the exact date Rosen "PUBLICLY" announced that he was no longer with WG&M's? Is it now close or past the two yr. Statue of Limitations?
Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
You forgot one. If, you ever believed, "WM = WMI = The Original Debtors Estate = The Liquidating Trust = WMIH's Target."
~ Yes Ron, Tomorrow’s Court’ Could Be A WMI-LT “Heartbreaker” ? ~
If ?, you ever believed the “griffin tantrum” was ever going to gain any legal traction” ... not’
If ?, you ever believed the WMI-LT was going to issue any additional LTI’s ... not’
If ?, you ever believed in the “75/25 to the end”, one distribution bucket for “all” things WMIIC / WMI ... not’
If ?, you ever believed the WMI-LT was responsible for anything other than what it’s QSR’s Reported ... not’
If ?, you ever believed anything the LT was using “slick”, to put forward, ... ain’t that right ? ... dont_b_kruel ?
The WMI-LT is preparing to close up shop, as it requests the ratification of its indemnification by the Court tomorrow, as the BK’s are about to be closed per B Rosen’ ... and, as WMIH, our current parent corp, ... is preparing to move forward ...
”Status: At the hearing, the WMI Liquidating Trust intends to discuss with the Court the status of certain claims subject to objection by the trust, including claims arising from or relating to indemnification claims.”
http://www.kccllc.net/wamu/document/0812229190924000000000001
The WMI-LT wants to discuss the final ratification of its original indemnification clauses, with the Court, ... this has everything to do with the WMI-LT needing a final Court Ruling on the completion of and indemnification regarding any and all issues, ... along with the inability of anyone else filing any more Claims against the WMI-LT ... the possible parties are listed in Exhibit A, B, and C ...
This would be a necessary requirement needed, to put any and all potential issues to rest, prior to the WMI-LT completing its business regarding WMIIC / WMI ...
... toooood-a-loooooooooo’, ... griffin’ & obviously her mistaken support group’ ... sloppy, sloppy, sloppy’, and very poorly researched ...
just sayin’
AZ
Now that the agenda for the scheduled hearing on the 26th is out...any thoughts? Your post was marked.
woodstock, you WILL BE proven wrong. There will be a positive action whether that is the announcement of a 350 filing to close the Bk case, a consensual settlement with AG concerning the UWs and/or an announcement by Kosturos that he has signed a release which allows Book-Value to be paid as it states in Amended POR 7 signed on 2/23/2012.
***BUT***
At very minimum, there will be a positive development (s) on or before 9/26/2019.
YES, by all means, woodstock, MARK this post!
Top left corner. Click the square box with the green dot.
Then, click the paperclip attachment with the green dot,
Then, click the attachment underneath it...1bk2008-1229_20190702-11295
http://www.kccllc.net/wamu/document/0812229190702000000000001
I can not find the attached audio file. It must be expired.
Furthermore, i suggest you listen to the audio attached to the filing of the hearing on July 2, 2019. It makes reference of the distribution. (and to whom)
http://www.kccllc.net/wamu/document/0812229190702000000000001
This same time last year, the judge was looking at approving a "SPECIAL DISTRIBUTION" for escrow holders, who had been waiting over 7 years since signing releases. That talk ended because of employee claims that had to be addressed first. Now certain people who comment here choose to tell anyone who will listen that there is no money for escrow.
It was in regards to LTI holders.
At one time, posted on the WMILT website.
"SPECIAL ANNOUNCEMENT DATED 12/14/2018:
In response to a handful of inquiries regarding the timing of a potential distribution to holders of LTIs, while the bankruptcy court agreed with the Trust's position regarding the expungement of claims, the bankruptcy court has not entered an order in connection therewith. Specifically, certain of the employee claimants have contested the inclusion of all claims in any order, claiming that the Trust failed to include certain claims in the applications that were submitted to the FDIC and denied and, as to which, the D.C. District Court confirmed. The bankruptcy court has requested additional submissions and the Trust does not anticipate a determination and entry of an order extinguishing claims by the bankruptcy court prior to March, 2019."
This same time last year, the judge was looking at approving a "SPECIAL DISTRIBUTION" for escrow holders, who had been waiting over 7 years since signing releases. That talk ended because of employee claims that had to be addressed first. Now certain people who comment here choose to tell anyone who will listen that there is no money for escrow.
Lodas, very possible the hearing on 9/26 may be set up to destroy COOP’s stock price.
After all, this meeting has been set up on the anniversary of WaMu Bk filing, then a special invite goes out to people whose claim has been settled for years.
Rosie maybe pulling a March 12, 2010 when he purposely destroyed the stock price. Maybe this is the very day MMs cover ALL their short shares
So, Brian Rosen is the spokesperson for Mr Cooper Group (COOP), now? LOL! Get real.
The WMI Liquidating Trust mandate prohibits the LT from doing anything more than liquidating any assets, converting to cash, and then distributing such cash.
"WMI Liquidating Trust (the “Liquidating Trust”) serves as a mechanism for liquidating, converting to cash and distributing the Liquidating Trust Assets(as further described in these FAQs) to the holders of beneficial interests in the Liquidating Trust (the “Liquidating Trust Beneficiaries”). The Liquidating Trust will not continue,nor engage in at any time,the conduct of any trade or business other than the liquidation and distribution of the Liquidating Trust Assets, and is intended to qualify as a “liquidating trust”for federal income tax purposes under applicable Treasury regulations."
There can not be a 'shares for value'.
I have never said they can flow, but I have always said and will contend that LEGALLY WMIH/COOP CAN BUY anything from anyone they want INCLUDING THE LT.
The S4V was just one of the ways they could facilitate it.
And, according to your past postings the "Final Payment" will be 900 billion?
The closure to the True Sale of "WMB and it's assets" to FDIC/JPM with "the Final Payment" to WMI to finalize the GSA.
The Underwriters received 1.4 million WMIH shares (pre-split) by having their claim placed in Class 19. If their claim is forced to be placed in Class 18 or Class 22 then they will have to give up those shares or the cash equivalent.
Unproven...then why are the UWs litigating? Nothing there why worry about what class the UWs are placed in then? Further, these are the very people that do underwriting for this exact business, so, therefore, know where the big money is located.
ACTIONS ARE VERY TELLING WHEN FOLLOWING BIG MONEY PLAYERS
Do you know who Willie Sutton was? He was a bank robber. He was asked why he robbed banks and his answer follows.
A) Why of course, because that is where the money is
When the Underwriters were asked (actions are the tell), why do you want your claim in a LOWER class priority such as class 19?
A) Why of course, because that is where the very, very LARGE GREEN is located
Have I told you lately how much more I really love my Escrow ShareMarkers which continues to grow immensely every single day forward?
Should we "Mark This Post" as well?
Omnibus Hearing on 9/26/2019 - this has been posted a few times but these kinds of FACTS really bother some.
No, I believe there must be an amended agenda for the Important date of 9/26/2019 to be listed rather than just so-called clean up with already court decided issues. There must be a twist or something special for this hearing to be listed in this section when the last hearing listed in this section was 6/2012.
www.kccllc.net/wamu
Omnibus Hearing on 9/26/2019 – 11 Year Anniversary of WaMu Chapter Eleven Filing-Relevance?
The following information is located lower bottom first page under Important Dates, Deadlines and Documents and the last doc posted in this section was in Sep/2012...ALMOST 7 YEARS AGO
www.kccllc.net/wamu
• So, Rosie has chosen this date for reason or not
• My view is Rosie chose this date to announce something positive and relevant
• Possibly Kosturos has advised Rosie that there is now monies for Marker Holders
• Now Rosie could just be informing the court of a BK closure status update
• However, Rosie has already informed the court via filings of his intent to make final payouts on 11/01/2019 with BK closure by yearend 2019
• It may be possible that the UWs have agreed to something and this date will also be used for court approval of a potential agreement with AG which would be immediately over should a consensual agreement be reached
• Why would Rosie pick 9/26/2019 but for something positive, as I highly doubt he would even attempt any sick-humor at this point
• I look for a filing or filings leading up to 9/26/2019 that will help explain why he picked this specific date
***Filings of Important Hearings-Last One in Jun/2012***
***Obviously, something very important on 9/26 since this is the first import and Hearing listed in over 7 years from the last one***
Important Dates, Deadlines & Documents Show Fewer Dates
Sign Up for Calendar Updates
Omnibus Hearing
Order Scheduling Omnibus Hearing Dates
September 26, 2019
(2:00 p.m. (ET))
Deadline to File Administrative Expense Claims
Notice of Effective Date
June 17, 2012
(5:00 p.m. ET)
Effective Date
Notice of Effective Date
Effective Date Press Release
March 19, 2012
I’m simply posting the facts.
A portion of the cash component used towards the acquisition of NSM was raised by issuing unsecured senior notes, not via a bridge loan as you seem to believe.
Reiko
GOOD TRY
Let me do it this way
I will issue 1.7 bill in SENIOR NOTES paying 8.25% interest, tomorrow morning, SO YOU CUT ME A CHECK for 1.7 bill cash and try to find me!!!!!!!!!!!!!!!!!!!!!!!
GOOD grief NONE would touch my notes and CITI and BAC darn sure wouldn't BACK THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The MARKET aint as stupid as you seem to be alluding too
Something is backing those or they couldn't get squat for em..........
AND WHAT in the WORLD COULD WAND have of sufficient VALUE to back those notes!!!!!!!!!!!!!!!!!
And have to get any to participate in them???????????
SOrry
LOGIC has to come into play somewhere
The TSA between the LT and WMIH (now COOP) was terminated on June 18,2019.
"Item 8.01 Other Events
Termination of Transition Services Agreement between WMI Liquidating Trust and Mr. Cooper Group Inc.
On June 18, 2019, Mr. Cooper Group Inc. (formerly known as WMIH Corp. and referred to herein as “MCG”) notified WMI Liquidating Trust (the “Trust”) that it was terminating that certain Transition Services Agreement, dated as of March 22, 2012, by and between MCG and the Trust (as amended, the “TSA”). Such termination satisfied the requirements of Section 9.1 of the TSA and, at the time of such termination, the TSA was in full force and effect without any defaults thereunder."
https://www.sec.gov/Archives/edgar/data/1545078/000119312519209022/d770774d8k.htm
Here's the Transition Services Agreement. (March 22, 2012)
https://www.sec.gov/Archives/edgar/data/933136/000090951812000125/mm03-2312_8ke106.htm
So then the TSA between WMIH (only in name - changed to MR.Cooper) and the Trust need to be renewed Sept 30, 2019, 4 days after our "VERY IMPORTANT COURT DATE" Sept. 26, 2019.
And if the (2) Chapter 11s close by end of 2019, this TSA renews once more, or is no longer necessary and non renews in writing by either party.
Has HRNF made you rich,yet? Patience is the key. LOL!
HRNF - I Sit on a nice little position. Have no intent on taking any losses or write-offs.
Like many targeted OTC Pinks, there is more to the utter collapse than Mike selling shares.
Patience will be key.
Never play with money you can't afford to lose, or have stolen from you by a group of collaborating FINRA market participants/members.
Good Luck!
Grayscale Investments Announces Launch of the Grayscale Digital Large Cap Fund
The Fund invests in a basket of large cap digital assets that will initially include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC) (the "Fund Components"). The Fund may also hold cash and assets arising as a result of a fork, airdrop or similar occurrence from time to time.
==================================================================
Through a rules-based portfolio construction process, the Fund targets 70% coverage of the digital asset market. The Fund will be rebalanced on a quarterly basis to remove existing digital assets or include new digital assets in the Fund's portfolio in accordance with certain criteria established by Grayscale.
https://www.prnewswire.com/news-releases/grayscale-investments-announces-launch-of-the-grayscale-digital-large-cap-fund-300595149.html
*****At launch, the fund's shares will be solely invested in a basket of crypto assets that will initially include bitcoin (BTC), ether (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC).
70%
rebalanced evert 3 months
Of course you say that, now that you've finally bought back in. And, when you exit your position you'll revert back to your subtle bashing ways.
BUY GBTC
Testimony on “Virtual Currencies:The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission”
by
Jay Clayton
Chairman, U.S. Securities and Exchange Commission
Before the Committee on Banking, Housing, and Urban Affairs United States Senate February 6, 2018
https://www.banking.senate.gov/public/_cache/files/a5e72ac6-4f8a-473f-9c9c-e2894573d57d/BF62433A09A9B95A269A29E1FF13D2BA.clayton-testimony-2-6-18.pdf
link?
Amazon Conference Call 4pm after market close
Www.Amazonbitcoin.com