... WMIH's Debt Exceeds it's Current Value ...
WMIH-Corp Owes Debt' to it's original creator = The WMI' Original Debtors Estate' ... which is quite clearly defined throughout the process' ... and within the documents revealed' ... the doc's have been dissected, discussed, and presented numerous times ...
Currently, WMIH's Debt Exceeds its existing value, so yes, WMIH-Corp DOES NEED to make an initial move to enhance its value, and stabilize its financial foundation, prior to being in a position to discuss the purchase of any of the "assets" of its own continually Delaware Registered Subsidiary, ... WMIIC ...
which, of course, continues to be owned by again, ... WMIH's initial creator, ... The WMI' Original Debtors Estate' ... now owned by the releasing participants, ... acknowledged by the markers held their accounts' ... and ... currently represented by the WMI Liquidating Trust' ...
The current, in place financing agreement, The Rights Offering, can not be utilized to address any of WMIH's debt it owes to the Original WMI Estate' ...
WMIH-Corp, other than pre designed' LTI distributions to Creditor Classes, ... also CAN NOT pay off any of debt owed to the WMILT to simply pay off the LT's already issued LTI's remaining in Tranche 4' ... Piers' + FJR, Interest ...
Simply, because the Class 16 - Piers Holders - Retail & Institutional alike, ARE NOT actual owners of the Original WMI Debtors Estate' ... only the Tranche 6, Class 19 and Class 22 holders have that special ownership' distinction' ...
It's complicated, and difficult to understand ... obviously for some, more than others' ... I get that ... doesn't matter, ... the result is the result ... whether individual comprehension is included
It is a shame that the attempt of WMIH' to purchase an operating division of a public company failed, ... the reveal of this first important step will get everything originally planned moving in proper order' ...
Hopefully, we will all soon see and receive an 8-K revealing that WMIH-Corp has secured that initially needed platform ... and ... begin to increase a stabilized value, and, be able to begin to acquire the assets of its own sub WMIIC, and flourish from there'
I'm beginning to believe that maybe, everyone did not release ... hmmmm ?
AZ
