I think my line of questioning may seem to indicate that I believe ""Escrows"" are not the owners of any WMI Safe Harbor assets.
This I assure is definitely not the case as I have been adamant for years of that very fact.
What I seek to understand is how would those Safe Harbor assets be totally unaffected by bankruptcy decisions that directly impact the distribution of those assets.
As I stated, no PSA could envision this scenario where Equity was cancelled and reissued as Equity interests with a 75%/25% distribution ratio.
It just doesn't seem possible that the PSA could make distributions based on conditions that no longer legally exist.