Thursday, November 16, 2017 12:04:28 PM
Can you not just discuss?
I am not arguing or trying to CONvince you of anything , I am just trying to clarify this 8K
WMI LIQUIDATING TRUST
Form 8-K
August 1, 2012
Item 1.01 Amendment of a Material Definitive Agreement.
[Last indented paragraph, this section]
Annex C to the Agreement was revised to clarify that holders of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full, and that the distribution to Tranche 6 will be shared 75% and 25% pro rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000255/mm08-0112_8k.htm
Settlement Agreement - https://www.fdic.gov/bank/individual/failed/wamu_dbntc_jpmc_fdic_settlement.pdf
Post - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127681736
Where I am going with my DISCUSSION is that FACT that the 8K states this sentence;
Annex C to the Agreement was revised to clarify that holders of Preferred Equity Interests and Common Equity Interests
This sentence in and of itself DEFINES both as equity interests, you though are taking it a step further and ADDING in the LTI part?
As it only THEN goes on to state that when all those conditions are met ONLY THEN will they be issued LTI's, I am not discussing LTI's being issued as I too BELIEVE they never will be and have said so to you several time...........................
My question though is this 8k STATES both are EQUITY interests......NOW doesn't it?
Just because one questions something, doesn't mean it is an argument does it
And yes sir I am waiting just like you are but short of just turning off the pewters and waiting ,we are discussing
Oh well I guess then so much for a HEALTHY discussion
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