He is a forensic auditor and imho gleaned every doc and knew full well THERE WAS MONEY LEFT HERE.
NOW HE and EDGAR negotiated the deal, and what IF this goes down that piers are impaired(who is in CONtrol of that as well), preferds get face and interest only and the q's get the balance.
Some suggestions I have heard from people lots brighter than I am(NO JOKES) ,have suggested that Q escrow could get up to $12 what does that come to $12,000,000 or a 60 to 1 ROI.......aint to shabby and on top of that he has WMIH shares being paid to him as well......................
Plain and simple ALL here are here to make money,and one has to understand that preferred's allowed common to come to the table,so LET's ALL EAT. I promise if they pull the plate AWAY from prefferds before we are ALL DONE EATING ,this won't be pretty for any involved.
Not sure how many prefd holders there are here or their respective numbers of whatever flavor, but there will be enough AVG JOE SIX PACKS(EVEN @ 75/25 capped) with ample money to bring this thing to a head, and will be very willing to spend the money to do it........... NOT saying that any of this is what happened but we were ALL PULLED INTO this deal and signed of @ 75/25 and their little 8K states we will all be issued LTI's WHEN AND ONLY IF T-5 is paid, who is in CONtrol of paying off T-5, I'd have to say possibly a person that holds only Q's and as well was a negotiator of the agreement, FAR TO COZY to me IMHO or KOWINKIDINK.
And who bought all of those 100's of millions of Q's when we still could and they tanked to what .01 or .02
