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Sunday, June 25, 2017 2:18:31 PM
Many of us have understood one could not have large style money coming back during an active bankruptcy case as this would be totally illegal and cause gargantuan lawsuits by the truckloads.
However, it is how this case is played and closed such as during the final POR 7 signed on 2/23/2012 that issued Escrow Markers to those that signed timely releases by the deadline as well they were issued NewCo/WMIH stock that make the difference. Thanks to AZCowboy for pointing out the two Dual tracked cases.
We will see the bankruptcy closed out with minimal monies IF ANY monies coming back and it could be that Piers final payment MAY NOT be made and leave Piers impaired. So therefore, no LTIs issued however, those who have the Escrow Markers will see the LARGE STYLE monies once the bankruptcy case is closed in my view.
This is similar to how Kmart worked even though all of their share-owners were zeroed out. Kmart did not show their real estate until the NewCo issued shares and moved forward, their case closed and then the value of the former real estate was valued in each following quarters. This propelled the NewCo Kmart stock up from $25.00 to $171.00 a share over the ensuing 18-24 months.
In principle, the same will happen here when the Safe-Harbor assets are reunited with Escrow Shareholders. This is my view of how this proceeds.
The aforementioned is why I love my Escrow Shares so much that continues to grow immensely every single day forward!
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