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Thursday, July 16, 2015 10:33:08 AM
Here is how I believe we will witness the moves forward, within the legal disclosures'
First, let's define a simple statement; as portrayed numerous times within the relevant filings, ... and yes, it is stated initially on 9/26/2008 in the Landefeld submission and many times beyond
"WMI owns 100% of the Equity in WMIIC"
So, ... WMI' ... is now, currently ... the Original Debtors Estate' ... which is being handled by the WMI Liquidating Trust' ... (which is owned by the participants which signed their release' ... and currently show (-esc) escrow tracking markers in their individual accounts)
Now, ... WMIH Corp, as current as today, clearly professes its ownership of WMRRC and WMIIC, ... as its designated subs' ...
So, ... If WMIH Corp wants to own the "equity value" within its own sub, ... It' ... will need to do business with the Original Debtors Estate ... (Equity, or us')
So, ... I believe that, ... First, we will see a disclosure, from the LT ... releasing the notification of value' ... Secondly, .. once the LT has established value, ... Then WMIH Corp, will be in a position to gain ownership of the Original Debtors Estate ... "Equity" ... value (in WMIIC), ... and yes, ... WMIH Corp, as a publically traded company, will need to file an 8-K, due to a material event' ...
AZ
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