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Re: ron_66271 post# 522747

Sunday, 06/24/2018 10:45:53 PM

Sunday, June 24, 2018 10:45:53 PM

Post# of 728652
IMO, 141-S4V Next Week.

All of this process below must be completed before the NSM merger.


Reasons;

* WMB Notes are due to be paid next month, and "the Final Payment" for "WMB and it's assets" must be received before the WMB Noteholders grant JPM Releases.
"The Final Payment" for "WMB and it's assets" is considered a Dividend Distribution.

* Preferred need to be a "Share Holder of Record" of new WMIH WMHHP for P's, TPS new shares, and Redemption for K's, before the end of the Month for the normal scheduled Dividend Distribution date of July 15th. IMO, Preferred accumulated funds should come with the shares distribution for the other past quarters.
Preferred need to receive a Dividend Distribution before the Old commons can receive their Dividend Distribution.

* Shares for Value for the old "WM" common's for WMIIC assets accumulation from ABS Trusts.


Order of events;

* Preferred accumulated funds for other past quarters as a "Share Holder of Record". Hence: Shares and Cash from their associated Trusts.

* Old commons receive WMIH Shares, and Cash for other WMIIC Trust assets.

* Old commons receive "the Final Payment" for "WMB and it's assets".

* WMB Notes are paid in full.


HLCE,
Ron

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