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sharing4u

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sharing4u

Re: Large Green post# 437583

Tuesday, 10/06/2015 8:14:40 PM

Tuesday, October 06, 2015 8:14:40 PM

Post# of 730169
LG/AzCowboy,

You two are my favorite posters. I have been following your writings and bought into the idea of 3.5B authorized shares of WMIH planned to be used to purchase LT assets.
Please help me to clarify WMI LT Agreement date 2/12/2012, 1.6:

1.6
No Reversion to Debtors
. In no event shall any part of the Liquidating Trust Assets revert to or be distributed to any Debtor or Reorganized Debtor

Did this 1.6 mean that the debtor or reorganized debtor cannot get the LT assets for free?
or
It cannot procure the assets even by paying for it?

Please explain?
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