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Sunday, May 28, 2017 10:34:57 AM
If quoting me in particular ? ... I would appreciate an attempt at accuracy ... I have never used the word, ... capped ... when referring to an original 03/2012 released Class 19 Security' ...
However, I (firmly) believe that an Original Releasing Class, is limited to its original defining prospectus allowances and the particular Class specified definitions ...
although, truly ruled to be capped' the same applies to a Class 16' ...
A WMB Class 17 Bond ? ... as originally prospectus defined, ... can actually be converted to a common share of its holding benefactor' at its maturity date' ...
A WMI Class 19 Preferred Security ? ... as originally prospectus defined, ... can ALSO' be converted to a common share' ... Think About That Possibility ... ? ... as an original Debtors consideration at the reorganization ... and then carry that consideration forward to the present' ...
However, ... I actually do believe in the Approved and Judges Signed, 02/23/2012 Plan of Confirmation, ... and points 8 & 9' as stated within it' ...
The good news is ... ? ... Now, WMI II is now settled' ...
AZ
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