Im green on the next dollar that comes my way... i dont care if its 1 dollar, 5 dollars, 20 dollars or 5 million. Green is green and i won.

The reissued securities were actually given based on the pro rata basis per each marker group type...

The cancellation of the old shares gave way fo escrow markers which are used as a means to distributing both the WMIH shares and any money.

However the successors to the estate who are left to be paid at the end of the waterfall are split 75/25

And the trusts are owned by WMI Estate...

Commons and Preferred’s are uncapped split 75/25 until its closed out

So long as:

Every other tranche is paid, and no other claims remain....

Except WMI is owned by the beneficial owners who released....

WMI is the estate of who released... markers get the payments if any and im quite sure theres payments coming because every single person who is a major poster all agrees on 1 fact... there are assets.

That being said everyone on here also has their own belief on how those assets will be split up...

But the filings say in clear black letters WMI is part of the estate, the trusts are owned by WMI and

Get ready for it:

WMI is owned by the beneficial owners defined as people who got markers...

If you did not release then you are not able to get anything. That was what the release was about.

Releasing your options to have issues in the future. But the boat to have issues if you did not release has long since sailed.

Im sorry about that. This was a total heist by the players involved.

Its certainly not fair but it is what it is.

Those that released get something, those that didn’t release get nothing extra, those that bought into WMIH after get whatever COOP becomes...

What needs to happen is for us to wait until the employee claims is buried and gone forever. We will know in November. We know that Nov 6, 2018 is how long the Stay will last until.

I suspect the Stay will lead to a complete close out of the claims forever and start the process for the 75/25 split to start.

However in the mean time regardless the last of the Tranches before us will be paid paving the way to the finale decision to get us paid.

Once the complete closeout happens to the employee claims and no more appeals can take place. The WMILT will release the kraken and all the assets of the estate will be released. My guess is that the WMILT will do this in waves. We will get at least 2 waves of money. 1 large wave and 1 small wave at the very most. I cant see this being dragged out multiple years unless there are assets that haven’t been sold and they have to sell them as they go. Not saying that is the case but its a highly unlikely scenario considering the corps that house those assets have been showing consolidations and closeouts and movement in general. One can only summize the truth is they sales of the assets have transpired and been sold at a reasonable value based on the rules set fourth about selling estate assets. As for a time frame.... i can only say i think we will know something by December 31, 2018 at the latest with regards to an exact time frame... i suspect this is shut down by March 2019 completely.

Definitely like that post, pretty much explains it.

Coop never had the option to sign the release because it was formed originally from the Released holders from BK.

It was originally WMIH and then had a merger and became COOP.

Investors who released got 2 things from the original bank:

Escrow Markers and some shares in WMIH

I had Common WAMUQ shares originally 125,000 in fact.

People like me had to wait until the Tranches ahead of me were paid according to the plan.

Now the employee claims are being taken care of with little to no chance of them getting appealed and winning that appeal.

The successor in interest to WMI are the released shareholders from the BK....

Let me explain the brutality of this is terms that a lot of people hate to hear. COOP is a by product of the released holders of the original WMI... COOP could not have have happened unless WMIH existed. The safe harbored assets should in fact go to the successors in interest. Those are the released holders of the original company WMI. It has been stated several times.

In the end what sucks for a lot people is that their rights to the money and assets should by all moral accounts be granted. However the rigged system clearly stated and referenced “successor of interest to WMI” “beneficial owners of the estate” and those estate owners and successors were defined by the people who signed releases on time...

This is the really simple truth. It doesn’t matter what people want COOP to be or buy, or have. Between JPM, and the successors in interest to the estate being us signers of the releases... WMIH essentially is what it is.... the Merger that occurred is all thats left from that end to anyone who didn’t sign releases.

JPM has clearly said they did not buy everything... they did not say they bought nearly everything... they just say they bought some.

WMIH was characterized as the exit company from
The BK... the holders of interest owned the majority of that....were given shares in it and thats it.

The safe harbored assets were and are still owned by the estate and the successors of interest to WMI are those owners....

So if the people who signed releases are the beneficial owners to the estate. And all tranches that were supposed to be paid have now been taken care of... then the escrow holders are the beneficial owners remaining. There is “no cap” to the money that can return to marker accounts. There is however a split 75/25 that transpires on said money being distributed.


I want to be expressly clear with this as i have run a couple publicly traded companies and have consulted for M&A deals. The funds always win... the retail holders that choose to side with funds are the winners. I bought 125,000 shares of WMIH between 2010 and 2012 because the people deciding on everything were setting this up to win. They had immense shares in the original company. I followed the shares... that simple. I released because i wasn’t going to win against the system. Case in point listen to the hearing again...

http://sidedraught.com/stocks/WashingtonMutual/Walrath%20Court%20Hearing%20-%2010162018/1bk2008-12229_20181016-113119.mp3

Theres a judge that knows the employee claims have some stake in this... shes constantly trying to avoid being responsible for reopening this. She continually references another judge as to her inability to do anything. But does say a couple times she sees the claimants point and she even said it did trouble her... the FDIC won this, they played the system. And the system is weak. Money rules and power rules. In business thats the truth.

Example:

If i were to do what Elon Musk did in any of my much smaller companies than Tesla... i would have been tried and barred from EVER running a publicly traded company...

Thats the truth...

Best,

Alex Leo

Looks that way! Exciting times

However there is little chance the employee claimants will accomplish a successful appeal to the other judges decision.

Looks like its posturing from here on out.

The claimants Lawyer was correct though, the FDIC did rig this, they jumped through every loop in the books and won.

Next stop 75/25 split!!!

This should be A sticky!

Excellent work

It is possible that you are right on this. Traditionally commons get nothing, its entirely possible that those shares were fair and reasonable in comparison to other companies.

Best,

Alex Leo

Doesnt the estate hold shares in case of extra claims? Wouldn’t those shares be subject to a R/S as well?

9 times out of 10 common holders get the shaft lol

A reverse stock split....some people will be concerned with this, others wont be

Well said, i signed releases, i bought common WAMUQ 125,000 shares, i did not buy any more WMIH and i sold out all my WMIH i received from ESCROWS


Thats my deal, I didn’t even really trade WMIH either. I basically don’t really care about WMIH, however i am interested in my escrows and the potential prospect I might be getting more.

Patience is all we need.

At least you agree somethings coming... even if its just chicken nuggets ill take it

Large Green..can you explain this?
In this article, it outlines WMIH shareholders will own approximately 64% of the company post merger

https://www.cnbc.com/2018/06/18/pr-newswire-nsm-merger-voting-alert-johnson-fistel-investigates-proposed-sale-of-nationstar-mortgage-holdings-inc-is-the-deal-in-the-best.html

How can this be?

My trade account still shows the same 125,000 escrow shares it has fir the last nearly decade....

Someones right, someones wrong... that simple... personally with me having over 125,000 escrow shares from former WAMUQ I hope i get something more than the shares i got in the beginning due to my timely release.

That being said, perhaps all i get is some common shares in the exit company from the BK... lets say thats the case, thats a lot better than most common holders get in a BK... i count myself lucky to get anything back.

LG, sorry for asking this, I don’t post a whole lot, however I was wondering do you know when this merger is supposed to tale place? What date i mean.

Also what is the share exchange value?

I still hold 125,000 escrow markers.

Best

Its been a while since i dropped in... still holding 125,000 escrow shares and 4,000 WMIH... we any closer to getting eacrow money? How many classes must get paid before old WAMUQ shares get paid?

$UCSO the stock price is going up overall... some volume is coming in

$FHAI up 40%

Thats a very strong possibility for sure

Its broken out and will continue its overall uptrend IMO

ASCM trying to keep this presured down but the buying is forcibg them up

$MKAU this goes up regardless of how ever many down days because revenues will just keep going

$MKAU wicked awesome news

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$BKIT News https://www.thestreet.com/story/14126345/1/blake-insomnia-therapeutics-inc-announces-appointment-of-dr-eric-leire-to-its-board-of-directors.html

$MKAU still holding

$BKIT looking good, nice volume today

I added as well!

$ACRL it uses patented algorithms as well! Not too shabby

$ACLR over $18,000 traded today!

.08 hit 60k traded today! Nice! Trying to load more at .07