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Saturday, March 17, 2018 4:05:17 PM
This is all my view based on facts that have happened including filings
• JPM/DB/FDIC Settled 65 Billion Face Amount MBS Suit with 645 Million Transferred to JPM during 9/2017, 600 million disbursed end of Feb/2018 to (?) investors
• Page 159/160 - settling trusts. The trustees are currently in the process of determining allocation amounts for each trust. The Firm expects to make payments pursuant to this settlement by January 2018.
https://seekingalpha.com/filing/3747109?app=1&uprof=14
• On 6/23/2017, four of the subsidiaries were merged with and into the last remaining subsidiary, WaMu 1031 Exchange. The Trust received $444,333 on 6/27/2017.
• 12/08/2017 WaMu 1031 Exchange dissolved
• New funding went into effect on 1/5/2018
• JPM raises a total of 4 Billion in two separate offering on 1/17/2018
https://www.sec.gov/Archives/edgar/data/19617/000119312518011992/d418733dfwp.htm
https://www.sec.gov/Archives/edgar/data/19617/000119312518011987/d418757dfwp.htm
• WMIIC dissolve on 1/18/2018
• WMIH announces QA with NSM on 2/13/2018
• NSM CEO announces 2/13/2018 that Supplemental Documents coming within weeks
• WMIH merger documents state Proxy MUST be issued within 25 BUSINESS days of merger filing
• Counting Feb. 14 forward 25 business days which includes a holiday will be 3/21/2018
• Last 20 minutes of WMIH trading on 3/16/2018 with a total of 3.8 million shares traded up .16
• Most shares traded in last 20 minutes suggests a “Material Development” is happening
• With 25 business days happening on 3/21, I suggest an 8K filing Monday morning 3/19/2018
• I will further posit the Proxy will be filed increasing WMIH share price substancially above $4.00
• The NASDAQ Global Select minimum bid is $4.00 a share that MUST be met by 5/12/2018
• Pages 70-72 of Transcript Link Below
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
Now, it's my position, Your Honor, that the examiner doesn't need to do
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?
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