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W3Research
My understanding is the 1.4 is if as it states of these 1.4 million they will be awarded out of settlement of disputed equity claims which could result in some of the remaining shares to distributed to holders of claims should any of the remaining claims in dispute are resolved in favor of former equity holders. In turn these share would marry up to what has already been distributed to escrow holders in the form of the new co stock. What I contend that The "of Record" DTC also is the book maker of who has what and owns what...so it is thru this mechanism that payments to for shareholders will and must come thru this mechanism otherwise how would where and who gets what with respect to former positions held.
This is my opinion as all have their theories and contentions.
W3Research Regards,
B
Large Green the way it is written in the Escrow Share Agreement Even though it is also for the disputed Equity Interest .As the way I see it anything once disputed could flow back thru....Now DTC is the one whom keeps digital and hard copy files on all "released Shareholders"
The Trust has received inquiries regarding the status of “Escrow CUSIPs” issued on the Effective Date in accordance with
the Plan. As has been stated in the past, [url]such Escrow CUSIPs were issued solely to facilitate potential future distributions,
if any, to eligible former shareholders of WMI if Claims involving Disputed Equity Interests are disallowed.[/url][tag]insert-text-here[/tag]
By way of background, as of the Effective Date of the Plan, the Depository Trust Company (“DTC”) established and
maintains positions in the aforementioned Escrow CUSIPs. These Escrow CUSIPs represent nominees’ positions that
would be used to make future distributions, if any, of common stock issued by WMIH Corp. (formerly known as WMI
Holdings Corp. (“WMIHC”)). Pursuant to the Plan, such shares of WMIHC’s common stock were deposited in the
Disputed Equity Escrow established in accordance with the Plan and are to be maintained in the Disputed Equity Escrow
until such time as
It has to a to pass thru the DSTs Dsts are the ckearing house for aIl digital and Of Record Markers! As I have Said that is the flow thru....watch it comes from thier its in the escrow agreement as written.
Large Green Regards
B
Who is still short? looks like the standard gap fill is not coming to fruition. I am sure glad I am not short this stock cause it sure looks like we are not going to fill the big gap and more and more it looks like a floor just got built for the near term. Would not play the short game here ...to much of potential positive action on the horizon. Will see and if you are short you have a big set to be doing so!
Shorty Regards,
B
Eztrade
I am having a hard time following you and the donuts in all just saying?
Regards,
B
Az I am all about the realization LOL Will See!They are getting a little irritated at the FDIC with me constantly Piquing them! Getting hot over there....
Regards,
B
Well I will not speculate on where it's assets reside. However at 24 billion WMI assets, if those assets were returned in their entirely if you have escrow shares you will be very happy.
Best Regards,
B
PLEASE REVISIT AND REMEMBER THIS FROM JPMC
very own admission and presentation.
THE ASSETS ARE THERE and THEY WILL BE RETURNED !!!
No what I am asking Rockie is not if but rather How.? What vehicle ? Escrow Is a marker that was used for disputed shares and the question are those same markers used as markers for other assets......
AZ LG RON MORDI CURA CLAWMAN and others
Please weigh in on the following, because I cannot see how the assets are returned directly to Escrow Cusips.
As stated above, the Escrow CUSIPS were established solely to facilitate potential distributions, if any, of shares of Reorganized WMI common stock.
The Escrow CUSIPS do not, in and of
themselves, represent an entitlement to any possible future cash distributions from the Trust,
Reorganized WMI or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank), as the case may be.
According to what I read they( former shareholder returns) HAVE TO COME FROM LTI's Unless there is another identifying system or possible the DTC.
In accordance with the Plan, the Trust will issue Liquidating Trust Interests to WMI's former shareholders if, and only if, the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to pay-in-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22, and then, only if a shareholder had satisfied timely all conditions applicable to receiving any such Liquidating Trust Interests. There can be no assurances that the Trust will be able to monetize assets in a manner sufficient to give effect to the foregoing.
Can anyone square this up as to how assets will be returned to us if not thru the NEW CO. As I see it why is it Not possible to bring the Bk Remote, Legacy, and safe harbored assets back through the LTI's there for making LTI's the return vehicle. IF the assets of WMI are to be returned and they are substantial why would not the New Co then offer a share swap for old equity and cash where required ?
Please help me understand as to the Vehicle of return, because I cannot see how assets get divy'd up and then place into our escrows.
Question Regards,
B
Moordi we have the same beleif...you have found the key as that is now in my belief... this is how it goes down...in speaking with BBAN OTHERS TODAY it is my contention that it has to go down this way.....it cant any other way. TRIPLE reverse triangle though all the Wands and is a share swap with cash ....I will wager that is how it happens.
Regards
B
ESCROW CUSIPs What They are and are not!
What are Escrow CUSIPs?
As contemplated by the Plan, Escrow CUSIPs (the “Escrow CUSIPs
”) were issued on the Effective Date to eligible former shareholders of WMI. Eligible former shareholders are those who timely submitted relevant documentation, including the release required under Section 41.6 of the Plan. Escrow CUSIPs were issued solely to facilitate potential future distributions, if any, to such eligible former shareholders of WMI if Claims involving Disputed Equity Interests are
disallowed.
By way of background, as of the Effective Date of the Plan, the Depository Trust Company (“DTC”) established and maintains positions in the aforementioned Escrow CUSIPs. These Escrow CUSIPs represent nominees’ positions that would be used to make future distributions, if any, of common stock issued by WMIH Corp. (formerly known as WMI
Holdings Corp. (“Reorganized WMI”)).
SO WHAT DOES THAT SAY ! Read it again
So lets Read The NEXT PARAGRAPH!
As stated above, the Escrow CUSIPS were established solely to facilitate potential distributions, if any, of shares of Reorganized WMI common stock.
The Escrow CUSIPS do not, in and of
themselves, represent an entitlement to any possible future cash distributions from the Trust,
Reorganized WMI or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank), as the case may be.
When in doubt go back to the basics!
Basic regards
The court Ruled 75/25 I think that stands! Their is no way you can jump the PO7 75/25 as that was a major point of all negotiations. That's why they are called Preferred as in, preferred treatment, payout and order.
Regards,
B
Makes total sense ItsmyOption.. I guess I am just looking for irrefutable proof outside of the Prospectus.
Option Regards,
B
Yeah they are whore around out in NYC DE AND DC ......Its the beast out there and then you have the rest of the U.S. Sorry if I offended anyone's feelings for mentioning the a generality of the above geographical area and some of the loose words I used to describe the PROCESS...If this upsets anyone I can provide Crayons Teddy bears and lollipops for those needing such coping tools...Otherwise all you back boned Americans you know what I meant...
Regards,
B
I think AZC is well read and very capable! However as everyone likes to jump on his azzz I personally think he is correct on a lot of things and the mechanisms on how WMI escrow markers will receive what is rightfully theirs. Now with that said yes I believe beyond a doubt we still have interest, assets , and money that will make its way to the Escrow shares. How it gets there and when I have yet to figure out! I cannot say 100% its ours, here is where it is at, and this is when it's coming!
I believe AZC is on it! What should be rightfully ours I cannot say because I was not in the room in mediation ,nor when SS yanked them all into chambers. I cannot say becuase I do not know what was bankruptcy remote, safe harbored, or never included in the BK. All seem to forget there is some real issues for all parties.
I think this will all come to an end with escrows being fairly compensated for what could have been unlawfully taken...Case not closed Yet! I know this do not believe for one minute no one of power is not watching and waiting with us. Patience....
The players are way to sophisticated and prow here and some are joined at the hip with us so much they will not walk way and say yeah you pucked me OH WELL.
Your question directly Yes I believe we have monies coming from Trusts, RMB's and other assets of the estate known and those that where bankruptcy remote.
Best Regards,
B
& The classic Cannot confirm or deny
Oberthal,
I checked with the lawyers representing The RMB's that is they did not want discuss the case as we are not their client. I was looking for a "tell" or loose lips and found no confirmation either way other than yes she was are of WMI have some interests in some trusts or RMBS ..Thats it nothing else.
Regards,
B
Cusps will not match up anyway...what we are interested in is what part if any are coming back to escrow...
Regards,
B
Dunn & Phelps #2
Rock it T... have a few for me !
Peace out
B
AZ
Still waiting for a reply to my last questions of clarification. Sure then I will ask ....maybe she likes me ....not after that question she wont! LMAO
Az Regards,
B
Received a reply From Ms. Press Dunn & Phelps on DB JPMC #1
I am waiting on a few more and a couple replies to asked questions
SPV Special Purpose Vehicle
It is my contenten that there is a lot more companies and entities to come in to play.
Jin Hey buddy
They got me locked up tighter than the last bottle of sakki on the Japanese mainland. I got calls, emails, letters, favors, dark I.T. and everyone I can employed. Sooner or later I will find another way in but a lot of my sources locked their lips others are out gathering. Somebody will come thru or I will but everyone is saying the same thing they got this Chit so locked up even some of the fail safes are getting blocked or they end up fighting a ghost that is stuck in their machine.
I can tell you this... a contact of mine who is beyond tier 1 says he has not seen anything like this before. We will keep working all angles...FRUSTRATING ! Some fore sure is funky ...real funky oatmeal lumpy ya know it just feels off a bit.
Jin Regards,
B
November the 12th Must be done but can extend 90 Days
WMIH the "parent" and subs are also able to do business as a International Co
Section 4.1 Corporate Existence and Power. Each of Parent and Merger Sub is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware. Each of Parent and Merger Sub has all corporate power and authority to carry on its business as now conducted and is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction where such qualification is necessary for the conduct of its business as presently conducted, except where any failure to have such power or authority or to be so qualified would not reasonably be expected, individually or in the aggregate, to have a Parent Material Adverse Effect. Prior to the date of this Agreement, Parent has delivered or made available to the Company true and complete copies of the certificate of incorporation and bylaws of Parent and Merger Sub as in effect on the date of this Agreement.
[url]
https://www.sec.gov/Archives/edgar/data/933136/000119312518045989/d539539dex21.htm[/url][tag]8k exhibits [/tag]
And there is the sausage/ As I stated it all happens at once. Case closed!
Reverse Triple merger.
Merger regards,
B
Mattchew,
Why 3 ? ~ ah let me see ~ post 508909
Merger subs double reverse triangle. My take would be it all ends then with old WMI Escrow markers getting paid and the rights and titles of WMI's remaining legacy and safe harbored assets flow thru after markers receive entitle share of assets
Regards,
B
MERGER SUBS
So WAND 1 2 and Wand inc The Merging event. I think its important to understand the mechanics and who is the target and who is the acquirer.
IN the case of WMIH we are acquiring NSM thru the merger structure
,however we have 1 2 and Inc so why 1, 2 and inc unless we rolling in Whom...........Escrows? But escrows own the trusts and that is Washington Mutual INC so how do the escrows paid get paid? Well yes according to the trust that is the WMI is direct benefactor right?
So is the second or third Wand 2 or inc pull in escrow and merge it as its entity in a doubled up Reverse Triangle their by pulling in the rights and titles to all owned WMI in safe harbor ? Get a head around it, this Merger event will include much more than NSM in my opinion. This could close it all out in one fell swoop.
http://oi66.tinypic.com/34pmcz6.jpg
Regards,
B
Ability to spawn a bank.
If it is The new WMIH/NSM That buys out or Merges WMI escrow markers the owners of the co. Washington mutual Inc. Then would then then not own the ability of that grandfathered co have successor in rights the ability to spawn another back, because they will then effectivey finished the transaction.
Regards,
B
History dating back to 1889, Washington Mutual, Inc
Grandfathered
BUSINESS
General
Boarddork
I believe we still hold the Bank charter that was grandfathered in the creation of the original Washington Mutual INC as it gave birth to the WMB WMFSB Etc. I could be wrong however I remember this discussion from and earlier time.
Regards,
B
So is a plausible Merger ?
The Wand 1 2 and Inc subs are interesting. They are both telling and It is Ironic.... the name ....funny.
So as It may be contended; WMIH/NSM will be a servicer, originator, and possibly ~ later~ a full blown Bank...
Will this bank will be capitalized and fueled by a pool of cash producing rmbs, trusts and other assets flowing thru "the Merger Change of ownership event" that were of the original 30 billion WASHINGTON MUTUAL INC.
However, on and in, the the Merger "event and change of ownership" is it then that Escrow released marker holders will be compensated?
Will compensation stock in the new WMIH/NSM or will it be a straight cash payment? Of course this should be on the on the 75/25 basis on a basis of their (WMI markers) released ....???
~This could then be plausible.
? Regards
B
As to the change in control
Conditions to the Merger
HUGE Benefit is correct no cap usage and no expiration til 2032!
NOL Regards,
B
So the algorithms and Machines are here ?
Anything is possible I guess I am not that adept a trading on a daily basis let alone to be a millisecond machine on turbos.
T's Regards,
B
Alarms ? how so my friend?
Regards,
B
Good Call too LG BBANBOB & Ron
LG yes I remember Nationstar Mortgage Holdings Inc ....
Also a good call out to BBANBOB of the Time and date call Hit it on the HEAD Pard ! Also I think Ron was in on that as well. And yes as always thanks Az and others for the diligence you and other provide for so many! Peace out for now check back later got steel that needs fabrication!
Call Regards,
B
Yeah it choked and fell thru....from my understanding ....Thanks all the same good hunting.
Regards,
B