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Monday, July 03, 2017 10:56:06 AM
... No, to your CIC question', ... The WaMu CIC' (Change in Control) issue has Not Yet' been finalized' ... This is still an open ended issue, and will ultimately be ruled on by Judge Walrath' currently scheduled for hearing in February of 2018' ...
However, this could be completed sooner, ... Now that WMI II (the WMB Action) has been completed as settled', ... a submission for a "Summary Judgement" is now allowable' ... (as footnote 5' in the January 2017 Signed Order states')
As I have said, ... Back on 03/16/2012, three days ahead of the Plan 7 Implementation Date, ... Only' the "Equity Interest" in WMB was released' ... (Filing 9901) ... James Carreon of A&M' as introduced by John Mastando of Weil' to Judge Walrath, ... was correct' ... the available use of any of WMB's, NOL's disappear once the actual Ownership of WMB is finalized by the FDIC', and the completed Change in Control, of the bank WMB' is fully transferred to JPMC ... The Change in Control ... Issue' has yet to be completed and ruled on by the Court ...
A Plan 7 Class Participant, Releases Signed ? ... Well, It appears that not everyone actually read and studied just exactly what they signed', back in February of 2012' ... Yes, Bankruptcy Rule 1129(b) is listed in a Release Form ? ... and Yes, Bankruptcy Rule 1129(b) must be adhered to, ... "other than" ... what the Plan 7 Approving Court (Judge Walrath) specifically allowed for' (I have listed the specific reasons) ...
I actually believed that had everyone taken the time to actually READ' their Signed Release Form, prior to my bringing the additional DS and Confirmation Orders information forward' to the group ... in, specified language to the group' ... The 75% / 25% Class 19 / Class 22 Distribution is limited to only a RE-Distribution of what is left over in the WMI-LT' ... otherwise ? ... a dividend distribution is specified to an individual Classes Financial Support' ...
~ It Has Been The Members of the WMI-LT' themselves, that HAVE NOT BEEN, forthright on this issue, ... and ? In My Opinion ? have purposely promoted these misconceptions' ~
Also, ... No One', beyond Class 17a ... will ever be issued an LTI, ... or an actual INTEREST' in the WMI-LT (referred to as an LTI) ... Nope' Not Hardly, the WMI-LT will be utilized as the PASS-THROUGH Mechanism that it is currently Delaware Registered as' (a Grantors' Trust)
So, I am watching the WMIH-Corp for the process to finally begin, now that WMI I' has gone through to a reorganization 03/19/2012, and now that WMI II' has Settled as well, and all of its settlement requirements completed' (06/30/2017)
Oh, before I forget, for those that continue to listen to the misrepresentations ? ... "Settled" results to a litigated conflict ? do not get Appealed ... that ? was one of the funniest things that I ever read' ...
AZ
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