InvestorsHub Logo
Followers 146
Posts 36608
Boards Moderated 0
Alias Born 02/09/2013

Re: hotmeat post# 514991

Tuesday, 03/27/2018 2:25:56 PM

Tuesday, March 27, 2018 2:25:56 PM

Post# of 733904
SO the HOTMEAT I guess your 75/25 to the end goes POOF OUT THE WINDOW for anything left, outside of the BK case or in safe harbor!

"""""""""" Any cash to be distributed will have to be distributed via the issuance of LTI's by the LT once all senior claims are resolved."""""""""""

Now according to the 8K put out BY THE COMPANY at that point it is to be distributed 75/25 correct, so if markers are gone POOF GHONDI does the tooth fairy tell the LTI who had what??????????? in the way of 75/25


WMI LIQUIDATING TRUST
Form 8-K
August 1, 2012

Item 1.01 Amendment of a Material Definitive Agreement.
[Last indented paragraph, this section]

Annex C to the Agreement was revised to clarify that holders of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full, and that <<<<<<the distribution to Tranche 6 will be shared 75% and 25% pro rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively>>>>>>>.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000255/mm08-0112_8k.htm
Settlement Agreement - https://www.fdic.gov/bank/individual/failed/wamu_dbntc_jpmc_fdic_settlement.pdf
Post - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127681736

YEP sure thats the ticket
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News