For the 12th time:
No, no, no
"and EI - yes WMIH is the souurce to LT for RONotes but as this is WMMRC paper in non recourse form - it is WMMRC to WMIH to LT I believe"
The LT is no longer involved with the notes; they have been distributed when and how you get paid is only between the holder and WMIH (WMMRC being the sub). The broker is the intermediary but not the LT.
Any mention of RoN in the LT quarterly statement is only residual undistributed notes. The notes we hold are already distributed from the trust just as if they were shares of say MSFT. The value of the MSFT or in our case the RoNotes is strictly between us and the issuing company.
This post is my own opinion, and should not be relied on for your investment decisions.
