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Re: hotmeat post# 536361

Tuesday, 09/04/2018 4:41:43 PM

Tuesday, September 04, 2018 4:41:43 PM

Post# of 729978
hotmeat, I do not think you understand about WMIIC's assets. Due to Safe Harbor/Bankruptcy Remote, WMIIC's were invisible to the bankruptcy court, therefore, unrecognized and unrealized.

Now when WMIIC was formally dissolved on 1/18/2018, the assets went somewhere and remember WMILT does not have to disclose any assets it may now be in control of although, it does regularly file SEC documents as it is a non-public traded company.


https://seekingalpha.com/filing/3835878

On January 18, 2018, WMIH Corp. (the “Company”) announced that it has completed the dissolution of its wholly-owned subsidiary WMI Investment Corp. (“WMIIC”). Earlier today, WMIIC filed a Certificate of Dissolution of WMIIC with the Office of the Delaware Secretary of State. The dissolution of WMIIC was effective immediately upon the filing of such certificate.

Prior to September 26, 2008, WMIIC held a variety of securities and investments; however, such securities and investments were liquidated and the value thereof distributed in connection with implementing the Company’s Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code. As such, WMIIC did not have any assets or operations at the time of its dissolution. A copy of the press release issued by the Company on January 18, 2018 announcing the dissolution of WMIIC is filed herewith as Exhibit 99.1 and incorporated herein by reference.
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