Let Us Analyze the Following Facts for A Respectable Circumstantial Conclusion for Purposeful WMILT Delayed QSR
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SPECIAL ANNOUNCEMENT DATED 7/26/2018:
Please be advised that due solely to schedule conflicts, the Trust’s Quarterly Summary Report for the period ended June 30, 2018, which the Trust would typically file on or about July 31, 2018, will instead be filed on or about August 6, 2018. The related Form 8-K also will be filed on that date. The Trust has advised the US Trustee of these filing dates.
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WMIH-Corp owns the "Equity Value" in its listed' and Delaware Registered' Subsidiary, WMIIC, while the Original WMI Debtors Estate maintains the actual ownership of the "Asset Value" of WMIIC
• WMIIC was dissolved on 1/18/2018 – The reason it always showed no assets in the bankruptcy case is because, assets are not “recognized” in bankruptcy due Safe Harbor/Bankruptcy Remote provisions
• WMILT (Liquidation Trust) has filed timely and never late (QSRs) Quarterly Summary Reports since 3/19/2012
• WMILT QSR was due end of month July/2018 but purposely delayed until after merger closing on 7/31/2018 to be filed by 8K filing on Monday, 8/6/2018
• There does not appear to be a valid reason to delay WMILT QSR due a Trump-style wall that is supposed to separate legal entities WMIH-Corp and WMILT
• Rather than make a special announcement dated 7/26/2018, why did they just not complete the filing say a week ahead of the merger closing if the work overflowed their Trump-style barrier
• The ONLY reason that makes sense to me is WMILT has been informed during the second quarter they are in receipt of estate assets that must be declared in the second quarter QSR
• Now this information I understand they would have never wanted out in public prior to the merger closing on 7/30/2018
• My view, the “Equity Value” MUST be merged with the “Asset Value” in order to complete the Fair and Reasonable investors signed timely release for by the deadline to exchange in 3/2012
• So, my view is we will find out about this when WMILT files their 8K filing on 8/6/2018
***The Infamous WaMu Holy Grail***
i]The legal group Akin and Gump are discussing the scope of what the Examiner can examine and what he cannot examine. We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets.
Now, it's my position, Your Honor, that the examiner doesn't need to know much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.
