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Wednesday, August 31, 2016 1:27:38 PM
1st ) the eight years of the now accumulated amounts of "Cash", as the direct result of the monthly income returning funding, which has been generated by WMI's percentage of participation, in Asset-Backed Security Certificates, ... originally secured and placed under the protective custody of the Federal Court within the FIRST Bankruptcy Filed' ... WMIIC's ... will need to be released to the Owners of the Original Estate' ... That' proverbial Slate' needs to - First - be cleared' ...
THIS' POOL' of now accumulated monthly returning "Cash" held, since the seizure, is also where the DB' settlement funding for their ... "alleged allegations" ... of a lack of performance regarding these defined, 99 Residential Mortgage Backed Security Certificates, ... will simultaneously also be released from' ...
This' agreement', was NOT the result of a Court Decision, This settlement was a result of a term sheet documented, agreement' ... a $3 Billion dollar settlement' ...
so the agreed amount of the settlement, needs to also' legally be associated to these exact same 99 RMBS Certs' ... None of these DB specified, 99 RMBS-Certs stopped performing or collapsed, or they would have needed to be listed and reported to the Court'
(DB' gets theirs, when ALL' of the accumulated "Cash" is released)
2nd ) ... once the "slate" is clean ? ... WMIH-Corp will be able to "truly" ... begin to dissolve WMMIC' ... WMIH-Corp will be in a position to approach the owners of the Estate, and begin to couple its own owned "equity interest" with the "base value" of hundreds of ABS-Certs, ... again, ... now owned by the releasing owners of the Original Estate' ...
3rd ) The only thing of value that WMIH-Corp has to bring to the negotiation table, is the allowance of shares within itself' ...
The numbers are massive, so WMIH-Corps part' will need to be done in multiple statges'
AZ
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