~ If One Begins With A Sound Foundation ? This Makes Sense' ~
... WMIH-Corp(s) Current Existence, is premised on it's Beginning's at the WMIIC / WMI Approved Plan 7 Reorganization', ...
WMIIC / WMI (s) Submission for a Plan 6' Approval Was Denied Twice'
The reason Plan 6 wasn't able to be approved, was because the WMB Noteholders, FORCED' Rule 510(b) SUBORDINATION' ... As They (the WMB 120 Accredited Investors), "Refused" to accept a Debtor Representative Offer, of a Class 12 General Unsecured Nomenclature' ...
Their Forcing of "Rule 510(b) SUBORDINATION", Legally Mandated that ALL Creditor Classes needed to be addressed FIRST', ...
Then, being that the WMIIC / WMI Submitted Failed Plans of Reorganization could NOT END at the WMB Bank Bonds', ... Plan 7 was submitted, actually properly following "BANKRUPTCY RULE 510(b) SUBORDINATION", ...
PLAN 7's MEDIATED RESULT in late 2011, Properly Class defined the Creditor Classes Recovery, (Tranche 1 thru Tranche 4), ... Then, again in proper fashion, addressed the WMB Bank Issues (Tranche 5), ... subsequently, then again, as procedurally correct and following proper SUBORDINATION, ending Plan 6's submitted flaws and its ability to be approved, ... Allowing for the Reorganization of WMIIC / WMI' at their OWN Preferred Classes, and Finally Ending with the proper and actual owners of the WMIIC / WMI Estate, the Class 22 Common Shareholders' ...
One has to First understand just what was at the time also "Dual Tracking" in Judge Collyer's Court in D.C., ... as well as, Just What was being attempted to get approved within Plan 6' to understand just where and why we are through to today', ...
... Had Plan 6 been approved, ... ? ... with the WMB Bank Bond Holders acceptance of a Debtor Offering of a Class 12 General Unsecured Nomenclature ?, ... the D.C. Dual Tracking Litigation would have ended at a Plan 6 Implementation, ... and' ALL of the Equity Classes, Class 19, Class 21, Class 22, as well as the employee claimants would have been completely disregarded ...
... The WMB Bank Bondholders', ... DID NOT TRUST This Debtor', ... as They' FORCED RULE 510(b) SUBORDINATION, and obviously continued to Litigate in D.C., beyond the Delaware Plan 7, WMIIC / WMI 03/19/2012 Approved Plan 7 Implementation Date ...
Again had Plan 6 been approved ?, ... Plan 6 would have left the Massive and the Entire, ... Future Tense', WMIIC / WMI, Continuous Cash Producing Machine to the Owners of the PIERS Hybrid Securities', ... as well as the Reorganized New Company', ...
... Yes, Plan 6 Failed Twice' ... However', here We' Still Are ... along with all of the Accumulated Trust Produced Funding', ...
... "it is what it is" ...
Just Remember, ... If ?, ... You submitted your Release as 41.6 stated, ... Your Class of Ownership', Release Submitted, ... ALLOWED YOU' to PARTICIPATE in the ALREADY' Able to Be, Approved Plan 7', ...
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