~ PM, IMO It Would Have To Be A Combination of Both' For The 22's ~
... Tranche 6 Class 22', Would Need to Receive A Combination of ... Both', ... An Initial Equaling Cash Component, plus' an issue of Common Shares of WMIH-Corp' ...
That ?, is how I see things moving forward, ... again,
"Tranche 5 Class 17’s ... “Cash”
Tranche 6 Class 19’s (P’s) ... “Cash” plus a new WMIH-Corp preferred issue’ WHHMP ?' (perpetual)
Tranche 6’ Class 19’s (K’s) ... get redeemed plus a non cumulative dividend payment (redeemable)
Tranche 6 Class 22’s (wamuq's) ... the Common Share Owners of the Original WMI Estate ... WMIH-Corp needs its own (3.5 billion available') common shares, to accommodate a partnered ownership of the reorganized company’ ... An Initial Returning Cash Component' plus Common Shares would address this'
... "Everyone", ... is waiting for the receipt of the original "Cash" returns, generated over all of these years', ... WMIH-Corp is also waiting' ...
... If you review what Bray, Fairfield, and Gallagher, actually receive at the "Merger's" completion, (S-4) ... They' ALL Also receive a consideration of What Will Be' A consideration of Both, which is also a bit lopsided from what the original BOD's (M Willingham & Group), currently have' ...
... It IS', the WMIH-Corp Common Shares, that are currently being protected ...
AZ
It “currently” appears to me’ that the WMB Tranche 5 Class 17’s are being “Broker ” prepared, for the Direct Owners of same, to receive their distributions, ... (DTC) ... activating the original WMB Class 17’s (now settled with Globic’), ... legal process and their necessary ... “Releases” ...
Now, ... The WMB Noteholder Program, Originally Issued Out of The UK’, ... (WMB Tranche 5 Class 17’), ... doesn’t have anything to do with the reorganized WMI, ... WMIH-Corp’, ...
... However’, ... Both’ have the exact same securitization processes, originally utilized by WMI the parent Corp., ... in common’, ... this is important ...
So, while I can monitor my own Class 17 ownership progression currently going on, ... I also believe the same is ALSO going on with the Class 19’s ... We’, ... just can’t see it, NOT QUITE YET’ ... WMIH-Corp is actually in control’ of these WMI (Exchange Event Transitioned), ... Series’
So, again in my opinion, ... When My Class 17’s receive a distribution ? So will my Class 19’s ...
There is a difference though, ... it appears to me that the Three Tranches of the Original WMB Noteholder Program, ... should be ALL’, “Cash” by now, ... and’, ... The Original WMI Preferred should be just MOSTLY’, “Cash”, ... just not quite all’, ... there are a few Class 19’ tranches that hold RMBS fixed rate 30 year mortgages, ... I believe WMIH-Corp will use the WHHMP series to accommodate those that originally own these, ...
So, ...
Tranche 5 Class 17’s ... “Cash”
Tranche 6 Class 19’s (P’s) ... “Cash” plus a new preferred issue’ (perpetual)
Tranche 6’ Class 19’s (K’s) ... get redeemed plus a non cumulative dividend payment (redeemable)
Tranche 6 Class 22’s ... Common Share Owners of the Original WMI Estate ... WMIH-Corp needs its own common shares, to accommodate a partnered ownership of the reorganized company’ ...
Remember, ... WMIH-Corp, is truly the reorganized WMIIC / WMI
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