AZ LG RON MORDI CURA CLAWMAN and others
Please weigh in on the following, because I cannot see how the assets are returned directly to Escrow Cusips.
As stated above, the Escrow CUSIPS were established solely to facilitate potential distributions, if any, of shares of Reorganized WMI common stock.
The Escrow CUSIPS do not, in and of
themselves, represent an entitlement to any possible future cash distributions from the Trust,
Reorganized WMI or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank), as the case may be.
According to what I read they( former shareholder returns) HAVE TO COME FROM LTI's Unless there is another identifying system or possible the DTC.
In accordance with the Plan, the Trust will issue Liquidating Trust Interests to WMI's former shareholders if, and only if, the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to pay-in-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22, and then, only if a shareholder had satisfied timely all conditions applicable to receiving any such Liquidating Trust Interests. There can be no assurances that the Trust will be able to monetize assets in a manner sufficient to give effect to the foregoing.
Can anyone square this up as to how assets will be returned to us if not thru the NEW CO. As I see it why is it Not possible to bring the Bk Remote, Legacy, and safe harbored assets back through the LTI's there for making LTI's the return vehicle. IF the assets of WMI are to be returned and they are substantial why would not the New Co then offer a share swap for old equity and cash where required ?
Please help me understand as to the Vehicle of return, because I cannot see how assets get divy'd up and then place into our escrows.
Question Regards,
B
