Saturday, April 14, 2018 10:57:55 AM
NO imho we will prob NOT SEE INTEREST paid!(PER SAY or spelled out as interest) ?????????????????????
All cash that has been generated( loan payments, interest payemnts, cash period) over the last 10 yrs and has been put in court registry accts WILL/MUST be paid to us IN THE FORM OF CASH.
I am ONLY suggesting that share of P K TPS markers will be exchanged for WMIH preferds!!!!!!!!!!
Common markers will in turn get COMMON shares in WMIH back for their part of the S4V exchange.
Now depending on HOW MUCH MONEY was generated and placed in the court registry accts from loan payments interest payments trust payments ect those funds MUST BE PAID IN CASH , cash is cash and ya can't buy cash, AND @ the 75%/25% rate.
Now although any cash that has been made that must be distributed will NOT SHOW AS INTEREST on P K Q TPS ect but for all intents could be in excess of what the interest would have been in the first place.
ALL interest on all preferd ect was not allowed(non accumulative), but the money that has been in registry accts I can assure ya is pulling some type of intrest and ALL those funds MUST be distributed...
So IMHO we will get shares Preferd/Common for a S4V exchange into WMIH issues AND we GET THE CASH that is in the registry accts issue to all as well 75/25.
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