~ Intuitive, You Are Welcome ~
The "Equity Interest" in WMI Investment Corp. (WMIIC) ...,
... (as referenced, WaMu BK Filing # 1; ... per S. Landefeld, "100% of the Equity Interest in WMIIC belongs to WMI"), ... obviously now reorganized into, WMIH-Corp' ...
Is directly referring to the Original WMI' percentage of the "Loan to Value" participations' in Asset Backed Securities Certs' (Trusts), again referred to as ... ("Equity Interest") ...
WMI' the parent corp' had used these percentage participations in ABS-Certs (Trusts) as all financials did' and still do' ... as Cash Generating Monthly Income Return' Financial Mechanisms' ... Which Needed To Be Protected, Separated, and Segregated, from The WaMu TWO' Bankruptcy Proceedings' ...
I mapped all of this out within my linked' and documented presentations of "The First Day Filings" a few years ago' ... this research that I revealed, obviously bothered someone ? or, some group of someone's ... however, the work took a lot of time to sequence' ...
... Now ? It has been some Nine Years Later' ... and, the Trusts have obviously continued to perform' ... simply consider DB'
WMI' the parent corp's percentage of participation ? originally held in WMIIC ? ... needed to be protected' ...
the WMI Preferred Program ? was already separated and was fine' and functional ... as well as the WMB Noteholder program', again fine and functional ...
If one takes the time to parse the words spoken by the WMIH-Corp BOD's ?, they do not lie' ... they simply do not reveal what is not ? or was not available at any defined moment in time' ...
Now ? Now that the "dual tracking" litigation process has all been finally "Settled" ? I believe things will change' to the good' ...
The WMI Preferred Offering defines "Equity Interest" to "NOT BE CONSIDERED DEBT"
AZ
