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Post# of 729744
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David West

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David West

Re: clawmann post# 517287

Monday, 04/23/2018 3:28:46 PM

Monday, April 23, 2018 3:28:46 PM

Post# of 729744
The WMILT is the successor in interest only for the value of those assets recognized as part of the bankruptcy of WMI. The value of the trusts and the income stream from those trusts have never been part of the bankruptcy and their value will never pass through the WMILT.

I am not an expert on embedded derivatives, but the embedded derivative certificates you refer to, that POR7 cancelled, belonged to WMI – not WMIH. It is possible that WMIH has its own embedded derivative. AZCowboy is the expert in that area.
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