"as of March 19, 2012 (the “Effective Date” (ED) ALL assets of WMI and WMIIC belonged to the LT, of which only CERTAIN of those assets were transferred to the LT on the ED.
The assets belonged to WMI and WMIIC (together "the Debtors") and now the LT as the sole "Successor in Interest". There are no Commons or Prefs as per pre 2008 since, again, ALL documents were voided by the POR (pgs 59-60).
If WMI/WMIIC is not the owners of those assets, then who??? And if WMI/WMIIC are indeed the owners ONLY the LT has a claim on those assets, not WMIH, nor only Commons. This theory is full of logical and factual holes.
Escrow Returns: $2-$10 Billion....75%/25% to the End