... As We Move Forward - WMIH / WMILT' ...
I believe the reality of the stringent restrictions applied to an LTI, are beginning to set in with a few of the participants ... and current holders of already issued Liquidating Trust Interests
remember, an LTI is restricted to the receipt of a Liquidating Trust, already monetized asset' ... or like a piers security, ... the slow monetization of the returns from the RON's ... That's it' ... once an LTI is issued ? ... a receiving participant becomes limited to their return ...
However, An escrow marker holder, is unrestricted within its own return possibilities ... cash, monetized value, or non monetized asset value, as in a WMIH stock for value event between itself and the WMILT ... (non monetized assets) ... among other things'
again, ... to be issued an LTI comes with severe restrictions ...
to hold an escrow tracking marker allows a participant, unlimited return possibilities and not having to consider, the reality of the stringent restrictions applied to an LTI
or, as in an example of a piers security, ... the slow moving monetization of the returns from the RON's ... That's it' ... once an LTI has been issued to a participant ? ... the receiving entity becomes limited to only a Liquidating Trust monetized return ... and, ... due the trusts status as a pass-through trust (no tax responsibilities either gain or loss are the trusts responsibility) ... LT monetized returns are not controllable and an individual tax nightmare' ...
Now, an escrow marker holder, as an owner of the estate, ... not a creditor of the estate, is and remains unrestricted within its own return possibilities ... a marker holder can receive, cash, monetized value, or non monetized asset value, as in a WMIH stock for value event between itself and the WMILT ...
among other things' ... an escrow marker holders receives its distribution, via an individual brokerage account, and applys their own tax ramifications at their own movements ...
again, ... for a participant to be issued an LTI ... A Liquidating Trust Interest, comes with severe restrictions ...
to hold an escrow tracking marker allows unlimited return possibilities
Tranche 4 has remaining LTI's to piers plus some interest left
Tranche 5 General Unsecured Rule 510(b) has no escrow markers, and has NOT been issued LTI's
Tranche 6 Equity Participants are not limited as Owners of the Original Debtors Estate within their return possibility's ...
and, I find it doubtful that marker holders will receive an LTI any time soon, simply due to an LTI(s) restrictive nature ... there are too many illiquid assets to be considered and I find it doubtful that the trust will be in a position to monetize illiquid assets without assistance (WMIIC and WMIH) ...
We have had examples of these issues already, ... a few are, ... one, in the trusts attempt to sell the RON(s) and didn't but was allowed to issue them to existing LTI holders ... and another is the recent release of 1.4 million shares in WMIH to the marker holders, ...
AZ
