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Friday, July 31, 2015 12:01:14 PM
Don't quote me on this, however, I do remember from earlier research, now a few years ago' ... That once the remaining balance drops below 50m still owed' (50m / 23m pier shares out) that there are changes to be accomplished within the Trust(s) Representation' ...
As I have said openly, ... I don't own any creditor class security's (piers) ~ (imo' ~ "piers class 16's were the snh's revenge on equity ~ 1st quarter 2012)
however, the complete distribution process did involve me' so it was part of my early research' ... honestly' when I saw the 51m still remaining yesterday, as we all did' ... once again ... it smelled of pre planning', nonsense' and process manipulation' ...
At this point in time' ... I seriously DOUBT that as a releasing equity participant, myself, holding (-esc) escrow tracking markers' and WMIH-Corp security's ... The way I am reading this report' ... and again' I need to dig deeper into this' ... however' ... continuing' ...
In my initial review and opinion' ... I believe the issued' current and existing LTI holders' will finalize and complete' ... the "Current" existing LTI holders will finalize' ... prior to any LTI(s) to be issued to subsequent or lower classes' ...
... interesting to say the least ...
(Honestly' ... I doubt that marker holders ever receive any LTI(s) ... the lawyers will eat up that remaining dribble of cash' ... The markers will receive their destined value from numerous other areas ~ my opinion)
AZ
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