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Re: goodietime post# 494478

Sunday, 11/05/2017 7:01:24 PM

Sunday, November 05, 2017 7:01:24 PM

Post# of 734602
goodie, my view is all Creditors have been paid with the exception of 49 million to Piers and this is not WMIH-Corp responsibility and their monies can only come from tax refunds and WMMRC insurance run-off proceeds.

Also the Bondholders monies in tranche five, class 18 are JPM's responsibility.

So again only my view, WMIH must file an 8K discussing the funding issues that has to be replaced, extended, QA fulfilled or terminated before the funding has to be returned which is 1/5/2018.

For WMIH to accomplish this 1031 Exchange successfully that WMIH advised us about in their 2nd quarter 10Q is a maximum of 180 days which started on 6/23/2017 and the 180th day will be 12/20/2017 in order to legally defer potentially billions in assets that are outside of the active bankruptcy case.

So my view is when we see (outside of scheduled reports and Qs) WMIH's next 8K showing a Material Development, it will be WMIH's plan moving forward.

I also believe the funding will be terminated and not used as if they use this funding it will add 400 million shares in dilution - Once WMIH moves forward, I do not believe money is an issue.

So I believe we MUST see an 8K from WMIH sometime between now and 12/20/2017 in order to take advantage of he 1031 Exchange BUT in the very least, WMIH MUST file an 8K discussing the funding issue.
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