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Wednesday, July 05, 2017 3:15:08 PM
Doesn't the results of WMI I and WMI II result in cash and assets to WMILT, so why would WMIH PPS and volume increase as a first action? Are you thinking WMIH's Equity interest in WMIIC will drive speculation before disclosure?
... NO' ... it is, NOT TO THE WMI-LT' ... it is, ... THROUGH THE WMI-LT' ... (using, KCC as the Monitoring Claims Administrator, through the DTC, Clearstream, EuroClear, etc' ... to an individuals Registered Broker, and ultimately distributed to the individual security holder')
The WMI-LT and anything that it' is able to actually be in control of' ? ... has already been listed within each and every Quarterly Report as Specified' ...
As specifically decided upon' by The WMI I' Plan 7 Approving Judge (Judge Walrath) at the 03/19/2012 Implementation of the Plan of Reorganization' ... The WMI-LT' will consist of;
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The Liquidating Trust Assets will consist of all of the assets of the Debtors as of the Effective Date, other than:
* the Company's equity interests in (i) Investment (all the assets of which will be contributed to the WMI Liquidating Trust, including any intercompany claims), (ii) WM Mortgage Reinsurance Company, Inc., and (iii) Washington Mutual Bank (the stock of which is worthless and is expected to be abandoned by the Company shortly before the Effective Date);
* cash to be distributed on and from the Effective Date pursuant to the Plan to holders of certain allowed claims against the Debtors;
* cash necessary to pay the fees and expenses owed to certain creditors' professionals;
* cash necessary to reimburse the Debtors for fees and expenses incurred in connection with initial distributions made by the Debtors as disbursing agent under the Plan;
* the economic interest retained by the Debtors in any Litigation Proceeds pursuant to the respective elections of Reorganized Common Stock; and
* Creditor Cash on the Effective Date.
The majority by dollar amount of the Liquidating Trust Assets is expected to consist of tax refunds and accumulated interest on those refunds, cash held in the Liquidating Trust Claims Reserve, and Runoff Notes.
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So, ... NO' ... The WMI-LT is' registered as a "Grantors Trust" in the State of Delaware' ... and, will be utilized as a "Pass-Through" Mechanism' ... for ALL of the Estate Owned Cash' to be distributed to the appropriate defining Releasing Class Members' ...
... We' ... as the Releasing Class Participants, as well as the New Company, WMIH-Corp' ... are not subject to the actions of the WMI-Liquidating Trust' ... Now' that BOTH', ... WMI I and WMI II ... have been completed to a, ... Settled Result' ...
While the WMI-LT remains within its function ? ... The LT' is there to serve us' ... Not' the other way around ...
AZ
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