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Wednesday, January 17, 2018 2:49:40 PM
1st email sent...
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Mr. Gallagher,
In a 10-Q report for the quarterly period ended June 30, 2016 it was stated, in regards to WMI Investment Corp. (WMIIC), that the Company was “beginning the process of dissolving this entity”. At last year’s Annual Meeting of Stockholders Chad Smith stated that, “in terms of the WMI Investment Corp…that entity continues to be a dormant Subsidiary and i’m expecting or hoping that we’ll be able to complete the dissolution of that entity by the end of the year”.
As of this time has WMI Investment Corp. (WMIIC) been completely dissolved or does it continue to remain as a Subsidiary of WMIH Corp.
Thank you,
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His response...
William Gallagher<william.gallagher@wamuinc.net>
To [omitted]
CC Chad Smith
Mr. [omitted]
WMIIC still exists and it is still a dormant subsidiary with no assets.
Best regards
Bill Gallagher
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2nd email sent...
Mr. Gallagher,
Your response in regards to the current status of WMI Investment Corp.,WMIIC, was highly appreciated. Thank you very much.
It appears that an excessive amount of time has passed since the Company first announced it’s intention of beginning the process to dissolve WMIIC. If I may inquire, why has it been taking so long to dissolve this entity, one which has “no assets”?
Has the Company been delaying the complete dissolution of WMIIC because it anticipates that ultimately there will be assets returned to or through it?
Once again, thank you.
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His response...
William Gallagher<william.gallagher@wamuinc.net>
To [omitted]
I do not anticipate there will be any assets when this entity is wound up.
Bill Gallagher
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We have been and will continue to do so. I have reached out to many in the Know and most will not comment or site legal reasons why they cannot. I have and will continue to try. I have had a wee bit of success here and there although it is limited. So please strike out and help out read research call, write , email show up whatever you can do would be appreciated.
Help regards,
B
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