Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
7,041.28
(
0.26%
)
US TECH 100
25,665.20
(
0.18%
)
Dow Jones
48,578.72
(
0.09%
)
Brent Oil
92.98
(
-2.14%
)
Bitcoin
75,370.67
(
0.25%
)
News Focus
News Focus
Post# of 749756
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

hotmeat

Send PM Follow Ignore
Followers 72
Posts 10407
Boards Moderated 0
Alias Born 09/30/2006

hotmeat

Member Level

Re: AZCowboy post# 540427

Sunday, 10/07/2018 3:05:39 AM

Sunday, October 07, 2018 3:05:39 AM

Post# of 749756
Quote: "No One will be issued any additional Interests in the WMI-LT, referred to as LTI’s …"

So we should believe you instead of the WMILT??? WRONG!



From the WMILT.....

Quote: "In accordance with the Plan, the Trust will issue Liquidating Trust Interests to WMI’s former shareholders if, and only if, the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to pay-in-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22, and then, only if a shareholder had satisfied timely all conditions applicable to receiving any such Liquidating Trust Interests."


25.2 Cancellation of Common Equity Interests:.., on the Effective Date, all Common Equity Interests shall be deemed extinguished and the certificates and all other documents shall be deemed cancelled.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Trade Smarter with Thousands

Leverage decades of market experience shared openly.

Join Now