Saturday, October 07, 2017 7:51:30 AM
...assertion (theory) is totally wrong.
...the PLAN was to leave WMMRC in the reorganized debtor.
...with certain creditors, primarily the PIER with $2,000,000 in holdings, making an election to take WMMRC (as valued by the debtors from Blackstone) instead of cash.
...WHY?
...certainly not, and never mentioned by any party in interest or any of the $1B of professionals, including EQUITY (the wizard of Attorney Suman and the forensic BK expert EC Chair Willingham (after 'routing Joyce and prior EC experienced bankruptcy counsel)) was any mention of any value of WMMRC based on HIDDEN, SECRET ASSETS.
...so that is totally NOT TRUE.
...from various transcripts (available publicly).
...HINT: It was to take advantage of the NOLs; if LIQUIDATED there would be NO REORGANIZED DEBTOR "AT ALL."
...again, TOTALLY WRONG to state the POR 6 (and prior PLANS) were to sell WMMRC.
...joins the list of $8.7 Capital Loss that must be used by March 2017 when the gain from JPM's final book value payment would be paid.
...along with the "stock for value" exchange.
...along with the "WMIIC" (location unknown, in WMIH, has nothing but will reveal hundreds of billions when dissolved or sold even though AUDITED 20012, 2013, 2014, 2015, 2016), or in the WMILT (off books, safe harbor, underneath the rainbow, @ A&M, at JPM, at the FDIC, at Deutsche Bank - - - take a pick, any pick) theory.
...and the DOOZY, the $6b in NOLs is GONE.
...no 8K for that, but we got one for $18M?
...yah, right.
...oh well, when the receivership closes and the WMI Liquidating Trust closes (i.e., dries up), these failed fantasy and confabulations based on scotomisation and confirmation bias (will not end) but can finally concluded as 5-8 years of theor's failure.
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