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Sunday, August 20, 2017 10:18:39 AM
However, ... opinions, misrepresentations, and obvious misunderstandings, ... DO NOT or WILL NOT, change the actual WMIIC / WMI / WMIH-Corp process moving forward ...
In My - Own - Opinion, This is the reason that an honest return and reference to the actual documents is always important' to ALL TRUE' Investors ...
JPMC' DID NOT receive ownership of the "Trust Preferred Securities" (Washington Mutual Preferred Funding, LLC.) ... statements being made to that effect are just silly' ...
Also, The TPS "Exchange Event" DID NOT / or COULD NOT' happen, until the OTS had actually taken action against WMB on 09/25/2008'... statements being made to the contrary are just silly'
And Also, The TPS "Exchange Event" transitioned these "Overfunded Supporting Trusts" to a WMI' Preferred Security, once the OTS had actually taken action against WMB on 09/25/2008'... statements being made to the contrary are just silly'
The fact that the TPS' were transitioned into a WMI' Preferred Security should also be obvious as they ALSO converted to a Class 19 Preferred Security, at the Approval of Plan 7' ...
(WMI = Washington Mutual, Inc. = the parent corporation)
https://www.sec.gov/Archives/edgar/data/933136/000089375008000495/form8k.htm
On September 26, 2008, the Company issued a press release announcing that an “Exchange Event” had occurred under the applicable documents governing the preferred securities (the “Securities”) of Washington Mutual Preferred (Cayman) I Ltd., Washington Mutual Preferred Funding Trust I, Washington Mutual Preferred Funding Trust II, Washington Mutual Preferred Funding Trust III and Washington Mutual Preferred Funding Trust IV. In connection with the Exchange Event and in accordance with the terms of the documents governing the Securities, the Company effected an exchange (the “Conditional Exchange”), effective as of September 26, 2008 at 8:00 A.M. New York time, of the Securities into depositary shares representing a like amount of preferred stock in the Company.
These particular, WMI' (Washington Mutual, Inc.) Preferred Trusts' have continued to operate, originally issued out of Delaware, ... and as stated' ... their return of principle and interest, legally placed on hold since Sept of 2008', should be quite a nice large sum of Cash' ... as their accumulated "Cash" returns will be returned to their rightful owners' ...
This is simply only ONE segment of the returns of the WMI' Estate, to be Returned TO THE - WMI' - ESTATE' ...
AZ
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