The WMILT can only distribute the 75/25 til the end of the "Certain Assets" that they have!
These issues are and have been twisted up, and purposely confused, but only in these discussion forums' ... here' ?, as one of others ...
"The vehicle that will be utilized to return this value, ... either cash or asset, ... will be the Liquidating Trust, within its Registered Delaware Designation as a "Grantors Trust = A Pass Through Trust"
The WMI-LT will function as its currently Delaware Registered Function as a "Grantors Trust", which is a Pass-Through Mechanism, while it remains' ... The LT's Pass-Through Function of distribution without the issuing of LTI's has already been utilized with Equity Class 21' (a class 12 general unsecured assignment at Plan 7) ...
Within the WMI class releases, submitted in an effort for one to "Participate" in Plan 7, was also a W-9', an individual taxation election ...
So basically, NO' No "Interests" in the WMI (LTI's) will be issued beyond Class 17a, ... otherwise, everything WaMu, is Class Specific
the uncomfortable subject matter is the 75% / 25% RE-Distribution is limited to only what remains in the LT' at the final accounting for the WMI-LT ... (the people' were purposely mislead on this and other issues back in the 1st quarter of 2012)
Obviously, everything WMIIC / WMI doesn't get thrown into one bucket' or someone may want to notify NSM of that' ... these "75 / 25 to the end" ... presentations are simply nieve misunderstandings is all' ...
AZ