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Monday, June 20, 2016 3:21:01 AM
With limited knowledge in reading, I learn that the escrow cusips in your stock trading accounts only qualify you to receive wmih stocks from the 2.9m shares deposited in the Disputed Equity Escrow account. First time was distributed and there will be a 2nd time coming for the remaining shares.
If there is any cash remaining for distribution from the WMILT, you will be issued Liquidating Trust Interests to receive distribution as clearly indicated by:
WMI Liquidating Trust Provides Information On Escrow CUSIPs
Mar 24, 2015, 16:05 ET from WMI Liquidating Trust:
http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html
"The Trust will issue Liquidating Trust Interests to WMI's former shareholders if the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to pay-in-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22, and if a shareholder satisfied all conditions applicable to receiving any such Liquidating Trust Interests. There can be no assurances that the Trust will be able to monetize assets in a manner sufficient to give effect to the foregoing."
Tranche 5 class 18 is expected to be done by settlement by JPM, FDIC and DB by July 15,2016.
So next is for Tranche 6 of Class 19 & 22 distribution - end of bankruptcy of WMI and WMIIC.
These could happen:
1. Liquidating Trust Interests(LTI) will be issued to escrow holders according to the quantity of escrow CUSIPs, hopefully on Aug 1, 2016.
2. WMIH Corp M/A news will be released in mid Aug, 2016 or early Sept 2016: A new financial banking holding company will be reborn as WMIH Corp with retail branches named as WaMu open for business on 9-26-2016. (WaMu Trademarks is still owned by former WMI estate.)
3. Fist distribution checks will be mailed in late Sept, 2016 to LTI holders.
Please do not take it too serious, just hoping to bring some fun or early joy.
The above predictions or wild guess are points for discussion interests (IMHO), expecting to get comments and corrections. Thanks!
Have been waiting very impatiently for the check to come for years.
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