... Well ? I see the Meeting as a Formality ...
Heck, As everyone knows, I study the legal procedures and the filed documents, ... so until something actually happens, I'm sort of in the same boat as everyone else' ...
Lets see, just off the top of my head ...
I figure moving the Shareholder Meeting up' to 4/28/2015 ... two business days ahead of the 4/30 release of the Trusts Quarterly Report, was no a coincidence' I see that timing as quite meaningful'
I figure WMIH's increase to 3.5 billion shares isn't being done "willy nilly" either' (WaMu, itself after 100 + years of operation, at the end in 2008, only had 3.0 billion shares available ... of which only 1.7 b were actually functioning at the time of seizure')
The DTC distributing mechanism' utilizing an "escrow cusip" counting mechanism, has been an active accounting system since Day 1 March 2012' ... The DTC mechanism, was described in the Approved Plan, referenced in everyone's signed release, referred to in every Trust Quarterly Report' since Mar 2012' ... used in the Dimeq finals, distributions of cash & WMIH shares' ... etc ... The DTC can issue cash and / or WMIH shares as ordered, and, as we have already experienced' a number of times' ... and now' ... with the recent press release' and subsequent 10-Q ... we have been reminded' of just that'
what else ?' ... I finished a study of Federal Rule 1129(b) recently and found that to be extremely interesting ... serious issues that were used to eliminate APR' (very, very smart people)
Timing ? ... I figure (and my guess isn't any better than anyone else' ... I believe' Things begin to percolate the week of May 4th forward' and May & June are very exciting times ...
Target ? ... I believe WMIH's target is the WMI' Original Debtors Estate' ~ now represented by our own Liquidating Trust and owned by the class 19 & class 22 releasing participants' ... the literal "escrow cusip holders" ...
class 21 markers are now gone' and class 16 never received markers ... AND' there is a difference between a creditor class claim and an "escrow cusip" designated distribution' ...
My speculation is we will soon see WMIH perform a "stock for value" event between WMIH and the Liquidating Trust, utilizing the already in place' DTC accounting mechanics' and the newly allowed 3.5 billion shares of WMIH'
AZ
