~ The pre planned event for WMIH ~
Is available for all to review, ... The plans that were made, to secure the massive value of WMI within an eventual reorganized company' ... The now, NasDaq publically traded ... WMIH-Corp ... has been available for all to review since the initial filings ...
WMIIC, filing first of course, ... on 09/26/2008 at 9:15 PM
WMI, ... filing second ... on 09/26/2008 at 9/16: PM ... (WMIIC, needed to be placed under the Courts protection ... First ... )
... after the First Day Filings, ... 09/26/2008 - 12/08/2008' ... and moving into early 2009, ... neither the Judge, The US Trustee, The Weil Attorney Group, and Mike Willingham, including Esopus Creek and Venable' ...
gave a hoot' about any pink sheet purchases of WaMu securities, after the fact' - after the filings for BK protection' ... 09/26/2008' ... Nope', Not Hardly' ...
this all began, due to the filing of a solvent debtor, (WMI(s) $32 b assets > $8 B liabilities, ... legally listing equity participants, and transitioning those listed, to general unsecured / unliquidated claimants' ... with a projected Plan 6 approval, planning on eliminating all of equity from participating in the new reorganized company ... with only "Cash" being considered with the Monthly Operating Reports' ... (the MOR's) ... the control of the cash only aspects of WMI, were accomplished easily' ...
When, Mike Willingham, took on the task of saving this massive WMI estate, for the true and listed owners, ... with his purchase of uq' security's in 2009 ... all equity positions ended up being saved and included in the final Plan 7 result ...
The snh's and bond holders were able to continue to profit, beyond the filings, since the WaMu securities continued to be traded, openly on the pink sheets
AZ
