Tuesday, September 30, 2014 1:32:03 PM
...please.
I use facts and realities, reference documents, etc., and I would expect that you would not attempt to interpret, expound or expand upon such "in alignment with your theory" but to my attribution "which is 180 degrees in opposition."
For intents and purposes, after the confirmed plan and move to the post plan confirmation "liquidating trust," the bankruptcy 'case aspect of the plan is OVER.
It means what it says. Period.
No, they aren't left "impaired" as to their "interests" in the liquidating trust. The TERM IMPAIRED has the most meaning regarding the creditor class and its vote regarding plan confirmation.
The PIERS, an IMPAIRED CLASS, voted overwhelmingly to APPROVE THE PLAN.
BTW, as bankruptcy investors know, an impaired class that approves the plan waives objection as a class with regards to any adherence to the Absolute Priority Rule.
The PIERS, in the liquidating trust claims tranches, has been paid certain amounts already, and will continue to be paid in this tranche, ahead of other classes (such as equity classes that DO NOT have liquidating trust "interests" to date, they have escrow "markers."
This is the WMIH iHub message board, FIRST AND FOREMOST. Unfortunately, there is a large residual "escrow" commentary which has been allowed by iHub and the MODs to continue in this forum. That is their decision.
However, to infer that "only escrow 'hopers, "holders," can participate in the WMIH stock message forum and other should MOVE ON, is an odd articulation at best.
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