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Thursday, January 22, 2015 3:52:32 PM
I have long said the resolution and reconciliation of the P&A, finalizing tranches 5/6 by the FDIC is key to the ending of this case.
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HIDDEN ASSETS - YOU DON'T SAY!!! WOW, LOOK AT THIS LINK and thanks again goes to that Biker AZ.
http://www.scefiling.org/filingdocs/17733/68131/166224e_ExhibitxFxtoxSurxReplyxDeclaration.pdf
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Nobody would know what did or did not happen in two months of mediation or what is under the court seals. I sure do not know. So one can expect almost anything in a case that is ANYTHING but a normal case.
As you know Piers investors have ZERO chance of a HUGE payoff because they were NOT awarded escrow shares. IMHO, this is where the "mother load" of monies is going to be placed. Only time will tell for sure, but I can assure you one thing that if it does not play out as I have suggested there are going to be many professionals wrong. I have included some very important information regarding our (Escrow Account Owners) and how this is possible.
Again, there has been professionals who have been hired over the course with subject matter experience seeking clarity, opinions and facts which does not necessarily make them correct, but far more accurate than other. Of course, if one did not invest primarily with equity, then this information may not align with their interest.
I will leave with a couple of links for investors to research if they so choose. All I can say is, now that the P&AA has expired, I sure do LOVE my escrow shares!
The following is from (Co-written) Weasel/Gotcha/Mangle - Imagine that! Ensure you pick on the "melting ice-cube theory. Also registry accounts on pages 50/51
http://www.law.harvard.edu/programs/olin_center/papers/pdf/Roe_645.pdf
http://materials.abi.org/sites/default/files/2013/Sep/363SalesTopics.pdf
This is a great read about Rule 363 being used recently. Look at pages two to five discussing 'vanishing sub rosa plan doctrine' plus how 363 plan sales are used to funnel asset sales while a shell company goes through chapter 11.
http://www.wlrk.com/webdocs/wlrknew/AttorneyPubs/WLRK.17844.10.pdf
This is a super refresher of what happened. Also term sheet that was finalized on 5/2010 and 363 sale placed in Treasury Bonds
http://www.scribd.com/doc/63319846/Washington-Mutual-WMI-Closing-Argument-of-the-Equity-Committee-1st-Confirmation-Hearing-in-December-2010
The following is about Chrysler and how a 363 sale can be violated and to bring in someone from the outside such (example) as JPM.
http://www.law.harvard.edu/programs/olin_center/papers/pdf/Roe_645.pdf
WMIH,WMILT, IMHO, Escrow Share Account Owners, Tranches 5/6 and employee claims are all directly tied together
The FDIC also has to make a filing (CHECK) whether these employee claim settlements can be paid or not. At this point, makes no difference to me as I see an HUGE amount of money transferring into the accounts of escrow share account owners.
IMHO, there will be a huge amount of money that will be run through WMILT and WMIH can get up to two and half percent of this.
So to this extent, all of this is still directly tied together. Once the reconciliation of the P&A and tranches 5/6 finalized/started, there will be IMHO, large amount of monies headed to escrow share owner's accounts.
Tranches five and six will be more procedural than litigation. We have signed term sheets and other information regarding this under seal and we may never see this information because everybody will have been paid off in one form or another.
Have I told you Lately how much MORE and MORE I love my Escrow Shares?
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