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Thank you.
Can you post a link of the disclosure statement please?Thanks. I would like to study the same, if you don’t mind.
Too funny. You said they weren’t employed. Now they are employed but they will settle Litigations for No Money. The Non Debtor Assets’ Values is Zero. 4 Hedge Funds Committed a Crime. They Took a Big Risk and Got Greedy and Here We Are, Hitched to Their Wagons.
Just a Little While Longer, It’s Down Yonder!
At the End of the Road, We’re either be Scalped or We All Feast around the Dinner Table. We'll know better when the Receivership is Finally Closed with FDIC (R) and FDIC (C) can release the assets of the Assets that weren’t part of the Original Purchase & Assumption Agreements. Assets that were or are going to be purchased as agreed upon in the P&AA.
They budgeted for the future litigations. They already have the money to Pay Themselves. It’s in the filings. They notified the Public. You failed to read and comprehend. You are Omitting Information.
What do you have to say about this Amendment?
It must be noted that wind-up and dissolution of WMILT could go longer due to pending litigation and final steps necessary to be undertaken.
Accordingly, it would be appropriate for the Trust Advisory Board to be released from further responsibilities and to replace such individuals with administrators to complete the wind-up and dissolution of the Trust.
45. Since the Effective Date, Charles Edward Smith and Doreen Logan have served as officers of WMILT, together with the Liquidating Trustee, developed all information for and facilitated all public filings, and are aware of the many issues that have confronted WMILT.
The Liquidating Trust Agreement shall be amended to provide for the appointment of Mr. Smith and Ms. Logan as administrators to complete the wind-up and dissolution of the Trust and to release the Trust Advisory Board and the Liquidating Trustee from
obligations in connection therewith.
READ IT AGAIN! Maybe you have a hard time with comprehension. I don’t think it still Operating. They are still Operating as Administrators. How can you really interpret the total Opposite of what was written. Read It Again. The liquidation trust agreement shall be amended to appoint Mr. Smith and Ms. Logan as Administrators to Complete the Wind-Up and Dissolution of the Trust and Release the Trust Advisory Board and the LitigationTrustee from Obligations in connection therewith. Read it Again and Comprehend!
Wait you stated there was no one. No Trustees or No Administrators. I showed you proof that there is still Administrators working and Now you state they’re not working for free because there’s no money. Which one is it? If I remember correctly part of the settlement agreement and amended agreements was to include the budget for those future litigations. So they have their money already set aside for themselves. I think you need to reread the Amend Agreements.
Incompetence? He’s Far from that. He Owns Majority of the Assets that made up Kmart and Sears through his Private Equity Firm and what he Sold Off, he Still has Equity Interest In or With, that Entity or Entities. For the most part Sears is Privately Owned or better yet, the Assets that made up Seats are Private. Not to mention the Patents and Royalties of those Patents, Licensing, Copy Rights, etc. etc. are still Producing Income.
The 4 Firms tried to do the same, but got Caught and had to give up the Goods and here we are, Riding on their Coattails! I’m hanging on Tight. I own stock on top of what I already received so either way. I’m Good.
Go Coop!
Go Preferred and CommonEquity Interest. Old and New!
Go WMIH Holdings also known as Mr. cooper Group Inc.!
Yes I’m aware and that’s my Point.
13
It must be noted that wind-up and dissolution of WMILT could go longer due to pending litigation and final steps necessary to be undertaken.
Hence: Amendments; Legal Changes to Original Agreements.
It must be noted that you must fully understand the writing and reasoning or purpose for that writing. To cover their Asses(ts.)
Remember: There was nothing for the Kmart Shareholders either, but somehow After the Bankruptcy, Miraculously the Value of their US Holdings Appeared in their(KMart) Canadian Subsidiary. $11-$181 in 18 months. That is what was Supposed to happened to WMI, but it Didn’t. We are Included in the EQUATION. So We Wait until They Feel Like Releasing Any SPECIAL DIVIDENDS IN A FORM OF SHARES.
DISCLAIMER: JUST MY OPINION OF MY INTERPRETATION OF THE AMENDED AGREEMENTS.
Accordingly, it would be appropriate for the Trust Advisory Board to be released from further responsibilities and to replace such individuals with administrators to complete the wind-up and dissolution of the Trust.
45. Since the Effective Date, Charles Edward Smith and Doreen Logan have served as officers of WMILT, together with the Liquidating Trustee, developed all information for and facilitated all public filings, and are aware of the many issues that have confronted WMILT. The Liquidating Trust Agreement shall be amended to provide for the appointment of Mr. Smith and Ms. Logan as administrators to complete the wind-up and dissolution of the Trust and to release the Trust Advisory Board and the Liquidating Trustee from obligations in connection therewith.
Who Left? No One Phoking Left! They just got Reaasigned.
Good morning Large,
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm
Pg 21, 22
Also, take note of this statement.
It must be noted that wind-up and dissolution of WMILT could go longer due to pending litigation and final steps necessary to be undertaken.
You know what? You’re right. I misunderstood so there’s no need for me to copy and paste anything.
I understand your Frustration. I too was convince it was over until I found an amendment that stated they would Dissolve First and Wind Up the Assets after. So my understanding is they Dissolved the Trust, hence, removed the escrow markers and then they’ll sell the assets after and Distribute the Special Dividend. Just my Opinion, this is not over. They made the Amendments and Changes right there in front of Us. You just need to read it yourself and do not depend on other message board members for interpretation of the information. Take the lead of information that is shared and read it yourself.
Original Agreement: Wind-Up and Dissolution.
Agreement Amendment : Dissolution and Wind-Up.
Ask yourself, Why the changes? Why the need to Amend the Original Agreement? Obscured and Confusing Legal Wording, but the wording is there of the changes and the changes bring about a delay in distribution. Yes, I believe there is going to be a future distribution of a Special Dividend for those who signed their Timely Released Form and returned them. Also, let me state: “That I too, may have interpreted the wording Incorrectly and may be Wrong in my assessment.”
Good Fortune! Enjoy Your Saturday.
William Gallagher is managing quite nicely.
M lll Partners LP
M3 Brigade Acquisition ll Corp
M3 Brigade Acquisition lll Corp
M3 Acquisition lV Corp
Bruce mentioned shareholders weren’t going to receive Sheeit but here we are with our shares in Coop! To each is own. I don’t believe Liars!
The writing is there for a Reason:Trust Beneficiaries who held unpaid claims as of the Effective Date and who were projected to receive recoveries under the Plan as of such date received LTIs with respect to their unpaid Allowed Claims entitling them to future distributions from or by the Trust in accordance with the Plan. If and when distributions from the Trust become available to Trust Beneficiaries who have not received LTIs to date, additional LTIs will be issued to effectuate future distributions.
15
Table of Contents
In addition, the Liquidating Trustee administers the Disputed Claims Reserve. 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 the claims. Since the Effective Date, the DCR balances have changed due to the disallowance and allowance of disputed claims as well as payment on behalf of LTIs held by the DCR. In addition, the DCR balance may increase in the future dependent upon the treatment of disputed claims related to Class 18 (Subordinated Claims).
The writing is there for a Reason:Trust Beneficiaries who held unpaid claims as of the Effective Date and who were projected to receive recoveries under the Plan as of such date received LTIs with respect to their unpaid Allowed Claims entitling them to future distributions from or by the Trust in accordance with the Plan. If and when distributions from the Trust become available to Trust Beneficiaries who have not received LTIs to date, additional LTIs will be issued to effectuate future distributions.
15
Table of Contents
In addition, the Liquidating Trustee administers the Disputed Claims Reserve. 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 the claims. Since the Effective Date, the DCR balances have changed due to the disallowance and allowance of disputed claims as well as payment on behalf of LTIs held by the DCR. In addition, the DCR balance may increase in the future dependent upon the treatment of disputed claims related to Class 18 (Subordinated Claims).
Lodas, they(Mike and Sussman) said nothing because they signed a Non-Disclosure Agreement. You have to be realistic. Would you put your Prestigious License to Practice Law and Everything you worked for in Jeopardy to please some Confused Strangers? The Answer is No. Also, What and Why was part of the Agreement and Conversations Redacted?
I don’t know what part of the country you’re in, but it’s a a Beautiful Day, Go Out and Enjoy it. Spoil Yourself Today!
That’s what I’m going to do.
You are correct. Options is where it’s at.
John, I hope your wife is recovering for the best and she gets the News before her day of Celebration.
Safety, Security Strength, Courage, Good Health, Guidance and a Respect!
“Semper Fi!” (To You.)
Lodas, let me share with you what I’ve learned. You’re wasting your time with “UNSOLICITED ADVICE.” Majority of people do not want to hear it. So, what I learned to do is keep my mouth shut and mind my business. It’s less Stressful on me and less Negative Energy that I’m Absorbing.
Forget what that Old Gigolo said before he Rocketed into Space with his young Concubines, “Don’t Stay Thirsty, Stay Positive, My Friend!”
Go Coop!
Go Preferred and Common Equity Interest!
Good Day to You!
Look closer at the wording. The writing is there in black and white. Legal talk and word play manipulation. Yes, according to the Lia(wye)rs there’s nothing coming back but if there’s a change and the valuation then is lesser than today’s valuation then they will issue LTIs to Beneficial Holders. Isn’t that in the Agreement? 2008-2018 when those Assets where Valued were not Experiencing Today’s Market and Economic Conditions. What was .50 cents- $1.00 then is $2.50-$3.00 today. Get the Gist? Non-Banking Asset’s Valuation will be much higher today than they were 4 years ago.
No They’re not Stupid, nor they’re Stupid enough to allow their Friends bring the Case Unwarranted Media Attention, Lose Everything and Mess Up the GSA because of Insider Trading. They’re Allowing Common a 25 percent Cut of the Pie. That’s the Equivalent of a Salesperson’s Commission Percentage to keep their mouths shut, sort of speak.
Just my Opinion and Theory.
Thanks Xoom. Maybe he’ll get it this time.
The Trust started Wind Down and Dissolution and then continued with the Wind Up and Dissolution and then Amended the agreement to Dissolve and then Wind Up.
Newflow has the link.
They are the Trustees. It’s in Black and White.
Amendment:
41. Dissolve and Wind Up.
If my memory serves me right, it came from Bbanbob first! Lol.
It was loud and clear. It will be another 30 days before there’s a stabling of the Market. It’s to be expected, sell-off after earnings. Buy on Rumors and Sell on News.
Red, as amended, the Trust is Dissolved and then They’ll Wind a Up the Assets after.
Mr Cooper Jay: You have more shares than We do. You could do what you want!
Leo Cooperman Stepped in the Room and made his a Presence Known Today.
Holy Sheeit, Batman!
KABOOM!
LEO STEPPED IN THE ROOM,
HOLY SHEEIT!!!
IF THE RIGHT PRICE IS OFFERED, WOULD YOU SELL THE COMPANY?
YES! WE’LL SELL TOMORROW!
Now I see where the Christiana Bank name originated from Stanton “Christiana” Rd. Very Original.
Thank you. That was to be expected that’s why I did not waste my time. The Former CEO replied with the same answer back in 2012 or 2013 shareholders’ meeting. Very Blank and Generic Answer.
Question is what was in Wand 1, Wand 2 and Wand 3? Where is WMI Inc?
Eclipse, Fillmore, Titan, Flash and now what?
Seterus, Mr Cooper Group’s Subsidiary was a Subsidiary of LaSalle Bank and as a Favor to BOA,IBM became a Bank Holding Company to Hold The Assets until the Market Recovered. If they arranged that with IBM, who’s other assets and what other assets have also been also prearranged?
Awww! You are so Wise Grasshopper! You are right that Docket number was not mentioned throughout. Now I have to go back and research some more and now look at numbers instead of letters. Thank you for the Lead and more work.
Newflow, I believe this is MW Retirement Fund as well. His actions says it All. Take your Gains, Pay Your Taxes and Go! I can’t wait to do the same.
Mama Mía Mr. New, I Thank and Appreciate what you Do!
New, I think the word to define the action is called Parí Passu.
No it does not, but common sense is not common anymore. Lol
Let me mention, that’s how a Agreement that does not include Common Shareholders looks like.