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Re: Bill48 post# 505188

Sunday, 01/21/2018 4:41:44 PM

Sunday, January 21, 2018 4:41:44 PM

Post# of 726449
Thank you. I don't see anything to be skeptical about with his quick responses. The emails i sent to him were answered fairly quickly, within a time of no longer than 20 minutes.

To
William Gallagher
Message body
Thanks I will go over them again!! Most of the time the language used is a little over my pay scale ... ok if I'm honest a lot over my pay scale!!! Thanks again ! Have a great weekend


From: William Gallagher <william.gallagher@wamuinc.net>
To: William
Sent: Friday, January 19, 2018 4:40 PM
Subject: Re: WMIIC

No collateral per Se but the net proceeds from the $600 million Series B convertible preferred are held in an escrow account and can only be used to fund one or more acquisitions including the related expenses.

The 10Ks and 10Qs and the 8Ks do contain a lot of useful information so I would encourage to read those if you haven’t done so already.

Bill Gallagher

On Jan 19, 2018, at 4:02 PM, William

So KKR has no collateral for there 600 million in wmih?? Did they not just recently re up the backing??/ BTW Thanks for responding to my Questions ...there is not a lot info available to share holders! Thanks


From: William Gallagher <william.gallagher@wamuinc.net>
To: William
Sent: Friday, January 19, 2018 3:42 PM
Subject: Re: WMIIC

The guarantee was terminated in 2015 so it no longer exists

Bill Gallagher

On Jan 19, 2018, at 3:33 PM, William

wmiic was the guarantor for the 1/05/2015 rights offering for KKR How does this work??/ TIA


From: William Gallagher <william.gallagher@wamuinc.net>
To: William >
Sent: Friday, January 19, 2018 2:27 PM
Subject: Re: WMIIC

There are no assets in WMIIC so nothing to be had by WMIH

Bill Gallagher

On Jan 19, 2018, at 2:00 PM, William Michaluk <wmicha3237@yahoo.com> wrote:

Thanks for your reply!!1 Do all the Assets of wmiic belong to WMIH now???


From: William Gallagher <william.gallagher@wamuinc.net>
To: William
Sent: Friday, January 19, 2018 10:50 AM
Subject: Re: WMIIC

No

Bill Gallagher

On Jan 19, 2018, at 10:47 AM,

Per today's Press Release, the Company "announced that it has completed the dissolution of its wholly-owned subsidiary WMI Investment Corp. ("WMIIC"). During the time period since the Company's announcement in 2016 of “beginning the process of dissolving this entity” till such time the Company announced WMIIC's complete dissolution was there any assets/cash returned to or passed through this entity?
Thanks "I SENT THESE EMAILS TO GALLAGHER 1/19/2018 AND GOT THIS RESPONSE TO MY QUESTIONS ....ALTHOUGH I WAS/STILL AM SKEPTICAL BECAUSE OF THE QUICK RESPONSES HERE YOU ARE MAKE OF IT WHAT YOU WILL!!

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