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Re: diamondguru-one post# 526562

Saturday, 07/14/2018 1:38:13 PM

Saturday, July 14, 2018 1:38:13 PM

Post# of 730278
diamond, no, I do not think it could work that way due to 1.2 billion old shares released and your way would mean six times the 1.2 billion and that would NOT work but six times what you were issued due to the math formula 75/25.

Remember, WMIH said “we believe there was an ownership change” with the Effective Date of 3/19/2012 which also means ALL former preferred and common prospectuses with all associated documents cancelled on 3/19/2012 as well.

However, once bankruptcy case is closed and 1.5 million NewCo/WMIH shares held in (DCR) Denied Claims Reserve returned to those who signed timely releases, WMIH will approach IRS and inform them there was NO ownership change on 3/19/2012 and there will be billions more in tax attributes.

In Willingham’s case he invested $200, 000.00 dollars at .20 cents and had one million old common markers so his translation ended up being 33,000 NewCo/WMIH shares multiplied by six would be 198,000 NewCoWMIH shares
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