Circle of Assets***From a 10,000 Foot View***Common Sense***There Are LARGE STYLE Returns in Store***
NO Distributions–NO 8K - NO 8K-NO Distributions-or Within at Least 4 Business Days from Each Other
Again, the passage of time has proven a QA is not the hold-up, rather WMIH forward move is ALL about former assets that are owned by investors who signed timely releases by 3/2012, received NewCo/WMIH shares in return as well as Escrow ShareMarkers.
For an investor to REALLY believe WMIH could not find any investment to purchase since the “Effective Date” of 3/19/2012 is to believe in the Easter Bunny and the Tooth Fairy!
Amended Financing MAY be Backup Plan/Red Herring - More 8Ks MAY Be in Store - Time will soon tell if this is correct
I still contend this amended financing arrangement MAY still be the backup plan/Red Herring and that the real truth comes out very soon in that this financing will never be used. If WMIH has access to assets as I suspect happened recently, then this amended financing MAY never be needed.
I still find it very hard to believe that WMIH could NOT find ANYBODY to buy from the "Effective Date" of 3/19/2012 until current time if this REALLY were the plan they were/are pursuing...I call BS on this and still do.
A 10,000 Foot View - Circle of Assets - Funding extended with WMIH 8K filing on 12/8/2017
1) The primary bankruptcy case is a circle within a larger circle
2) The ongoing case for everyone to see is represented by the smaller circle
3) The larger circle outside of the smaller circle represents all legally isolated assets that will never be discussed or talked about within the smaller circle ongoing/active bankruptcy case as Nelson at Susman Godfrey discovered when Judge Walrath ordered him to halt asset discussion
4) The reason Judge Walrath ordered Justin Nelson to not discuss this as these assets are legally isolated away from the active case represented in the larger circle such as certificates in trusts that no-one can own but can own the trust's income stream
5) Now we know a few things - In 2008 the WMI Holding company was off limits for them to seize and must be compensated for, hence 5th AT, also there are many assets that if JPM wants they have to pay for which may fall outside of the active bankruptcy case into the larger legally isolated circle of assets
6) Now after understanding a 1031 Exchange, this is why it is so important WMIH/WMILT uses this as assets in the larger circle of legally protected/isolated assets and this has been dissolved prior to year-end 2017
7) I believe this is all connected at the hip when discussing WMIH-Corp/WMILT, Escrow Share Markers, Piers and the legally protected assets in the larger circle
8) The WaMu 1031 Exchange was started between 6/23/2017 & 7/4/2017 and was dissolved by 12/31/2017 to legally defer taxes on potentially "tens of billions" of dollars’ worth of legally/protected isolated assets in the larger circle
9) – Funding extended with WMIH 8K filing on 12/8/2017 and now official on 1/5/2018 - I say funding is NOT used and more of a Red Herring, thus saves dilution
10) WMIH advised WMIIC has been dissolved in NEW Tax Year 2018 – Must be deferring/avoiding legally taxes on a LARGE STYLE sum of monies
***Now Let Me INTRODUCE the WaMu Holy Grail***
*The Holy Grail*RETAINED ASSETS*YOUR HONOR*They Will Still Be There*
The legal group Akin and Gump are discussing the scope of what the Examiner can examine and what he cannot examine. We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets.
Now, it's my position, Your Honor, that the examiner doesn't need to know much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.
Have I told you lately how much more, more and more I love my Escrow ShareMarkers that continues to grow immensely every single day forward?
