Newflow. That’s Not the Wording from The Transcript.

Your link is not the Transcript.

BBOB needs more help.




Ron

You DIDN’T EXPLAIN YOURSELF.

You made a claim regarding multiple Trusts.
Now prove it!!!!!!!!!!!!!!!!


:)
Ron

Yes I Own Series R.

A nice chunk of P’s.

I’m just being intellectually honest regarding the documentation.

Class 19 has no right to Class 22’s property.

75/25% stops at the Retained Earnings as described February MOR.
Class 22 satisfied Class 19’s claim against Class 22 as the owners of the Debtor’s Estate.



Ron

TOTALLY Incorrect!!

The Underwriter’s were the underwriters for the Series R Preferred. That is why they held P’s.
Class 20 in Plan 6.
Class 19 was the TPS.
Judge ruled that the Exchange Event happened, therefore all the preferred holders were placed into the same class. Class 19 in Plan 7.

Alice’s Court Jester episode...
The best way to handle the Court Jester is let them finish their act.

All over. The Debtor has the money to pay the legal fees.

It’s even more funny that MB posters helped pay the Jester for the episode.
JPM says thank you.



Ron

LG, TOTALLY FICTIONAL NUMBERS.

“Underwriters receive 7.2b plus (no wonder they vigorously fought for it)
Why COOP real value should reach $1000 ?
The answer is ..COOP should own 17.5% of the net worth of the company which is 5.25b (including treasury stock) out of the found value of 30b

The total Series R is only $3 Billion.
The total Class 19 direct claim is $7.5 Billion

As I recall UW claim was $72 million.

Let’s put it this way;
UW will not receive any payment from the FDIC for WMB and it’s assets, other WMI assets.

75/25% stopped at Retained Earnings.
All well documented in the February MOR.

Alice had no Standing or Right to offer a Class 22 claim to the UW.
She can’t give away other people’s property.
She also got zero mileage from the Stipulation argument.


Haven’t read the Transcript and Equity Community Presentation now have you?




Ron

Only Creditor Classes Can Be Impaired!

All Creditors have been satisfied, and are not impaired.

Class 19’s claim against Class 22 is technically satisfied as ruled upon within Plan 7/February MOR.
Class 22 generously guaranteed Class 19’s claim against Class 22.



Ron

Yes, 75/25% of Retained Earnings.

You were told the truth.

The End of 75/25%.



Ron

Please Read the Transcript and Equity Community Presentation.

My post isn’t directed at you Newflow.
>> To the MB!

Plan 7 LT was only for Creditors.
Hint;
The Plan 7 LT is closed. DONE. Completed, and BK assets have not surfaced....

AAOC had already hid the Sausage in the AAOC Plan 6 LT. YES AAOC created a Liquidating Trust in Plan 6.
The Equity Community took control of the Liquidating Trust on December 7th, 2011.
Read the Transcript!

The Equity Community set aside $20.7 Billion in Retained Earnings to generously satisfy Class 19’s claim against Class 22 with a 75% distribution on the fund.

The End of 75/25%.

Class 19 will NOT receive any payment from the WMB Receivership closure. That all belongs to Class 22.
Hint;
The DST is still functioning.



Ron

What is Class 19’s Claim?

Class 19; TPS, Series R, and Series K.

1X Face? , $7.5 Billion?

“2) If you want to believe in the 4.6 par for former preferred, this goes against what Judge Walrath stated in court, "shouldn't I be concerned with someone getting more than they should", so your 4.6 par on preferred goes against what she stated which would not happen ”

What is your number LG?
~60X Face?
Back to point 2!!!

Or just Class 19’s property?

TPS, ~2.5X.
Series R, ~4.6X.
Series K, ~2.5X + their portion of Preferred Funding.




Yes I have proven Series R Performance Payment two ways, and accounted for the 2.5X that Alice only has a ‘source’ for.



Ron

You Haven’t Done Your Homework.

The Transcript and Equity Community Presentation will prove you wrong.



Ron

No Right To Comment.

Read the documents request, then comment.



Ron

LG, Do Your Homework.

AAOC Plan 6 Liquidating Trust.

I have posted the links and PDF pages.


You post to many unrelated, extraneous stuff.

Example;
Ownership Change?!?
Did it happen?
May have!
Documented.

Your argument is braking-down fast because you refuse to read the other documents that don’t support you desired out come.



Ron

Alice’s Stipulation Argument was TOTALLY STUPID.

Where was no issue regarding the Plan 6 vs. Plan 7 Stipulations.

I have posted many times on BP on this topic. JPM was just buying time with the Court Jester. The Jester even got MB Clowns to help pay JPM’s Jester bill.




Ron

The best way to shutdown a Court Jester is to let them finish their act!

The Debtor has plenty of money for legal fees.

LG, Your Points 2 & 6 are in Disagreement.

The Prospectus cancellations was only in regards to the old tradable shares.

Your P’s remain in Class 19 because that is your property. WMI Preferred Funding and 75% of the Retained Earnings
Payment for WMB and it’s assets belongs to Class 22.


You haven’t done your homework.




Ron

Performance Payments Proven!

WMI Series R operates the same way.

December 7, 2011.
Transcript and Equity Community Presentation.
AAOC Plan 6 LT!



Ron

Looks Like the MB is Afraid I’m Right.

The Transcript and Equity Community Presentation is correct.

You not reading the documentation doesn’t change the facts

I confident that you haven’t read the documents I have posted with PDF page numbers is because your opinion would change regarding a “Plan 6 LT” just as mine did.

Now I know where the assets are.



Ron

So, No One Has Done Their Homework!

But still posting about what they don’t know.

The lights will come on after reading PDF150. Start at 147.
Then ~180....

It turned on my lights.



Ron

Yes, Purely Illegal. RICO.

Yes WMI Sued JPM for RICO shortly after the Discovery Document was filed. December 14, 2009.
JPM Settled ASAP.
Remember the Dual Track?
JPM lost in DC.

Not my problem that many of the MB haven’t been able to keep up.

You had the opportunity to read the links.



Ron

I Don’t Know The End Date for Maturity.

Then some process time.

Yes we are very due this distribution.

Come on CES. Due your job!!!!



Ron

Earn the Right to Comment.

You must first read the Transcript and Equity Community Presentation before commenting.

Date and documents given by myself in past posts.

I never said that Plan 6 was approved.

Plan 7 is all about paying the Creditors. DONE!

Hint;
The Equity Community shot down Plan 6.

RE/DCR, the End of 75/25%.



Ron

WMB Stock Abandonment.

The FDIC/JPM didn’t own WMB until WMI abandons the WMB stock to the FDIC.

Remember that; WMB was a “Fifth Amendment Taking”.
WMI never surrendered the Title to WMB.
JPM doesn’t own WMB until JPM pays the FDIC to pay The Owners of the Debtor’s Estate.
Currently JPM only operates WMB until the FDIC is finished processing the final valuation now that the FDIC holds the title.

Now remember the Dual Track?



Ron

ND9, I Don't Know The When.

RE $20.7 Billion, now ~$25 Billion split 75/25 to Class 19/Class 22.
All agreed to with the transition from 6 to 7.

Greatly satisfies Class 19.
Class 22 owns the Debtor’s Estate.

BTW; how about a hint regarding the date? Why then?



Thanks,
Ron

Correct. Plan 7 LT is Only for Creditors.

The Retained Earnings are in Treasury Notes to be distributed 75/25% to satisfy Class 19’s claim against Class 22.



Ron

Thanks JJ.

PDF 10 of 18 is what needs to be read/ understood.

Retained Earnings are monies held in reserve for a future dividend payment.

Please note that the Retained Earnings are never discussed in the body of this document.

I have already told you why.



Ron

Totally Incorrect.

?? What were the Underwriters underwriters for??



Ron

As Always BB0B, You Missed the Point!!

Don’t worry. You won’t be receiving an “Unjust Reward”.

4.6X is an outstanding return.




Ron

You Didn’t Read the Transcript.

Therefore you have NO RIGHT TO RESPOND.

Read the Transcript.
Read the Equity Community Presentation.


Ron

The February MOR Satisfied Class 19’s Claims.

With a bonus.
The end of 75/25%.

The Court agreed during Plan 6 testimony that Class 22 owned the Debtor Estate, and carried over into Plan 7 as I have described.
That is conformation that Class 22 owns the Debtor’s Estate.

You haven’t done your reading!!!!

I, and many others in Class 22 will sue Class 19 for Unjust Rewards if 75/25% to the end is true.
Don’t worry. Won’t happen because 75/25% isn’t global to all assets.
75/25% stopped with the February MOR.

Please read the documents before posting again.



Correction; Series R, 4.6X,
Ron

Class 22, My Minimum Number.

25% of the February MOR now valued about $25 Billion.
~$5.14 pre share minimum. Using 1.215 billion released shares.

Class 22 owns the Debtor’s Estate;
• WMB claims against the FDIC.
• ABS/RMBS other than the Preferred Funding that belongs to Class 19(1).
• WMI Non-Debtor Subs.
• Other Assets.

1. Series R(P’s). As I have proven.
Add 2.1 to 2.5 equals 4.1 face. I didn’t track the K’s.



Ron

Plan 6 -> Plan 7;

The only major change was Exhibit H between the two plans.
510(b).

You need to read the documents.

The Equity Community was granted control of the Liquidating Trust created by AAOC in Plan 6. That means that the Plan 6 LT exists, and was carried through to Plan 7. Didn’t need to be discussed in Plan 7 because it had nothing to do with the Creditors other than Class 19 and some other set aside money for Creditors.

Hint;
• Equity Community Presentation equals the 363 Sales of both Plans.
• February MOR set aside 75% of $20.7 Billion in Treasury Notes for Class 19. Class 19 had a claim against Class 22(The Estate). Class 22 satisfied that Class 19 claim to the Courts satisfaction.

Class 22 owns the Debtor’s Estate.


That we call the Plan 7 LT was only required to satisfy Creditors as needed, and it did!

You really need to read the documents before you respond.
I have posted the links and PDF page numbers.



Ron

This Proves That You Didn’t Read The Documents.

The Equity Community was granted control of the Liquidating Trust created by AAOC in Plan 6 by the Court.

It’s all there for you to read.

The 363 Sales carried through from Plan 6 to Plan 7!



Ron

Did You Forget To Read the Documents First?

Read, then comment.

Different ideas are welcome after you did your homework.
Cite your homework from the documents.
Please use PDF page number.



Ron

Does Anyone Read Documents Anymore?

The Atlanta & Sierra settlement is significant because the FDIC didn’t really have a case against them regarding Mortgage Fraud. Small fine and Atlanta & Sierra is still in the WMI dividend path.


Reading Documents?
Plan 6 Liquidating Trust is now controlled by Class 22, as granted by the Court on December 7th, 2011.

I have already posted the links.
If you’re serious, you can find them.
Hint; PDF150(starts at 147), then 180’s.
If you haven’t read the documents you really don’t have the right to respond.




Ron

Did Atlantic & Sierra Counter Sue the FDIC?

The FDIC Sued Atlantic & Sierra for mortgage fraud.
Did Atlantic & Sierra counter sue the FDIC forcing a settlement? Then Wave there dividends and Proceeds from litigation against the FDIC in exchange for payment from the FDIC/JPM for WMB?

After ten years the FDIC can be sued.

IMO, The wording here in Atlantic & Sierra settlements suggests something more.

If I was Atlantic & Sierra I would have brought forth the December 14, 2009 Discovery Document.
The FDIC quickly caved as did JPM in 2009!



Ron

SECTION III: Waiver of Dividends and Proceeds from Litigation

Waiver of Dividends and Proceeds from Litigation.

Sierra is paying the FDIC $950K.
Payment Due December 15,2022.
Done.

IMO, Sierra’s Waiver of Dividends and Proceeds from Litigation has nothing to do with the WMI Shares Sierra owned which is not based on any litigation.

Sierra still has a Receivership claim just like us if they where owners of WMI.

FDIC and Sierra both know that the FDIC/JPM will pay WMI for WMB.



Ron

First, Dividend Distributions.

Then Receivership closure.

“The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.”

Nothing keeps Dividend Distributions from happening at anytime.

Like Mad sad; nine more out of the way.



Ron

All the WMB Notes Are Mature.

No trading, just distributions.

The Euro sub for the Covered Notes is still operating.

~$26 Billion in securitized assets covering a ~$13 Billion obligation.

Why wouldn’t it?



Ron

Your Post;

“Just seems odd, that if any were getting dividends/interest, the PPS would 'usually' react to that.”

PPS?
Bonds PPS?

No you where talking about COOP PPS.

I too, like you want to see money.



Ron

COOP Will Receive No More WMI Property.

COOP is independent of anymore WMI assets.

Let me put it as a question to you; what more WMI assets are coming to COOP?

COOP is a sub.



Ron

Correct Boarddork.

All payments to the Claimants of the Bank from the assets liquidation takes place before the Receivership is closed.

This is exactly what the FDIC says as ND9 has linked.

The FDIC closes the books, then closes the Receivership.




Ron