~ Hello, ... First and Foremost ~
ALL of you guys are doing an absolutely excellent job' regarding your discussions of values of both the WMI-LT and WMIH-Corp' and of course, the Original WMI Estate including Investment Corp' ...
the extreme ten digit values, originally secured, were purposely designed to be a bit ambiguous, however, not impossible to review for the serious participant and current WMIH-Corp shareholder' ... the good news is that we' (equity) are all here
MY conclusions lead me to believe that, BOTH' ... BOTH' the original owners of the WMI estate and the current shareholders of WMIH-Corp will do very well ... obviously, KKR, Citi, 100 + hedge funds, the BOD's etc, etc, etc, can also read' a documented process and obviously agree with me' ...
Regarding when ? ... which is the honest question on everyone's mind ? ... I believe we are close' ... Remember, EVERYONE waits together' ... Everyone'
I believe that the process was scheduled to move forward last year in 2015', however, as we all read in October' the process became delayed' ... and then, we received word of the March 2016' Press Release' ... "one last remaining issue" ... as was revealed' ...
So, as I explained earlier, the FDIC' is proceeding parallel to the Tranche Payout Matrix' ...
Simply, ...
a:) Tranches 1 - Tranches 4 = WMI BK creditor class issues'
b:) Tranche 5 = WMB seizure issues
c:) Tranche 6 = Debtors and Debtors in possession owners' All things WaMu'
and then' comes the simultaneous, in place FDIC process ...
a:) address all depositor issues (as was stated, WaMu did not cost the FDIC anything - all depositors were fine)
b:) address any estate creditor issues' (WMI creditors were all paid with cash at reorganization ... and ... currently the "General Unsecured" WMB issues are being settled GSA')
c:) release debtor estate owned cash / and asset valuations to the owners of the original debtors estate (us = equity) on a quarterly basis in amounts exceeding $25.00 ... until the estate is finalized and completed'
AZ
