Monday, July 13, 2015 10:18:23 AM
Duder, ... Regarding the Value ? ... I can only surmise from what I have studied, ... Please remember, ... The accounting side of the issues I leave to the bean counters' ... My skillset' ? ... Is within the document dissection and legal procedural issues' ... and ... honestly, I don't think like that, regarding a defined amount of return' ...
When I become involved within an active litigation ? ... I don't consider how much' ... I simply want everything' ... I figure hedge funds think along those same lines' ... also'
I figure the amounts of value which were earmarked to be preserved for the exiting reorganized company, ... planned for future tense, to be quite large ... Billions' ... Yes' ... Billions ...
To give you an idea' ... I would refer you to Washington Mutuals 6/30/2008' SEC release, ... Then consider the (pre seizure) plan' ... Most of WMI's financial subs, stopped reporting to the SEC via a required 8-K in 2007 ... converting to ABS-15G and ABS-15G(a) filings ... beginning in 2012' ... Curious ? ... You Betcha'' ... Pre-planned ? ... You Betcha' ...
Now, ... Consider, the OTS / FDIC showed up on 9/25/2008 and scooped up literally everything' ... Then the day after, ... Filing # 0001, ... WMIIC, filed for bankruptcy protection with zero debt and zero creditors' ... showing, between $500m and $1billion worth of asset value' ... remember, this is filed the day after the seizure' ... 9/26/2008' ...
The OTS / FDIC, ... had secured the massive ... WaMu ... value within the confines of the 34' Act for six years into the future' ... or until the P&AA would ultimately terminate on 9/25/2014' ...
So, ... All things considered ? ... The amounts of value secured, away from the bankruptcy process, via the pre seizure plan, ... I believe to be staggering'
THIS, ... is what everyone wants and has been waiting for' ...
AZ
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