The recent Press Release says very clearly that there are 2.9 million Disputed Equity Escrow shares (shares of old WAMUQ stock), which will be available for distribution to eligible claimants in Class 22 of the bankruptcy. However, there are still ongoing claims against the (old) estate. A claim of an ongoing claimant may be resolved in such a manner that the claimant will receive some of the Disputed Equity Escrow shares, become a member of Class 22, receive a CUSIP number, and be eligible for distribution of those Disputed Equity Escrow shares in the form of WMIH stock (reorganized company). If you have a CUSIP number, you are eligible. When the distribution takes place, if you are eligible, you will receive more shares of WMIH just as you did on August 1, 2012. You are eligible by having a CUSIP number, because you timely submitted relevant documentation, including the release required under Section 41.6 of the Plan.
The distribution by the DTC will be in accordance with the same formula they used for the August 1, 2012 distribution.
The text in the July 30, 2012 PR, which confuses many posters on this message board states: In connection with the Distribution, eligible claimants in Class 22 who held shares of common stock issued by WMI prior to September 25, 2008…
This sentence has nothing to do with who owned shares before or after September 25, 2008; it gives reference to the WMI stock itself, which WMI issued for sale to shareholders until the date of the bankruptcy, which was September 25, 2008. WMI did not issue any more shares of stock after that date.
The argument that WMI (old or new) views pre-bankruptcy shareholders differently than those who bought shares after WMI filed bankruptcy on September 25, 2008 is worthless. Having a CUSIP number and your new WMIH shares are the only facts you need, which shows WMI considers both groups the same. It has never been about the shareholder. It has always been about the share. WMI does not care who owns the share or when you bought it.
