... I've Worked on An Understanding of the Process ...
I understand the basic questions regarding the when and how much, ... The questions are a normal concern for those that have been hear for so long' ... But no one knows the literal answer to these defined questions ... I believe the process to be ever evolving forward, and no one is sure of how long this will go on ? ... or, how much the final result, individual financial reward will provide ...
Everyone remember, ... Whether equity had been allowed to participate in the final result or not' ... Plan 6 or Plan 7, ... NOTHING was destined or able to move forward regarding the newco until the closing of the P&AA plus the allotted days anyway ... The full six years, plus' ... was assigned and allowed at the onset Sept 2008'
If I were to give an opinion ? ... The mechanics of the process will begin to unfold prior to this years end and continue on for a few years into the future, as the illiquid assets are dealt with in returning increments ... Again, IMO ? This will be done in multiple actions as assets are returned ... If one considers one swift move ? There just aren't enough shares in newco' at our current mid two dollar value, nor does the newco, have near enough cash' ... even if they utilized all of the financing agreement' (which is silly to consider) ... it just doesn't amount to be anywhere close to enough' ... Nope' ... This process will happen over time and multiple events ... as the company is able to acquire ? so will the stock price grow accordingly' ... My humor' ... I like to say, the only thing grown organically around here, has been the share price ... A rip' on those that beat the NOL drum as our only value back when' ... NOL's being our only value ? ... Not Hardly' ... I guess those people missed the study of ... The other WaMu Bankruptcy, WMIIC, ... and ... what DID NOT belong to WMI Inc;(s) sub' ... WMB'
Now, contrary to a few representations, here and on other forums' ... I've never defined amounts or time, without adding my opinion ... awhile, ago I saw no more obstacles and humorously posited a 2.5 result ... again, IMO ? my own 2.5 posits' as a return is quite conservative, all things considered ...
Returns, will be a combination of cash / illiquid assets ... cash' is an immediate and an easy distribution and the illiquid assets will be a bit more involved, as the Liquidating Trust will work with WMIH-Corp to accomplish the move forward for both the LT and WMIH ...
Right now ?, ... The WaMu process makes sense to me ... I have experience within our legal system, and I DO NOT make judgements of any right or wrong, ... This is " Civil Law" ... on.y the financial recovery matters, and if one becomes emotional ? ... They have already lost' ... seriously, only the ultimate accomplishment matters and the process that was used just makes sense' ... So, again in my opinion, was it all wrong ? I don't know ... Was it legal ? obviously YES' ... So, currently, I know what has already transpired, and I am watching the steps, now being taken by WMIH ...
Also, remember the R-45' ... The LT is a pass-through, so no gain or loss is allowed ... but' ... the company can still use its potential tax benefits ... Capital Loss is a five year pure number, ... only some 17 months remain' ... just a portion of my thoughts'
Initial returns should be cash / assets combined ... with interest' ... I hoped that helped answer ...
AZ
