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Re: hotmeat post# 466168

Wednesday, 10/26/2016 9:36:37 PM

Wednesday, October 26, 2016 9:36:37 PM

Post# of 727687
Hotmeat your statement reads:

"I'm having a hard time figuring out how the 75%/25% split can only be applied to WMI assets and not WMIIC's, when WMI owned it all."

You are entirely correct.
WMIIC has only one stockholder and it is WMI(WMILT). All of the escrow assets held by WMIIC must flow back to its sole stockholder WMI(WMILT)and split according to the 75/25 "negotiated" agreement.

WMIIC never had any public traded stock or stockholders, although I can see how some WMI common stockholders may wish otherwise.
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