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hotmeat

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hotmeat

Re: wamutrader post# 540681

Tuesday, 10/09/2018 1:05:57 AM

Tuesday, October 09, 2018 1:05:57 AM

Post# of 731924
Yes you are 100% correct since the LT is the sole representative of WMI and once the bankruptcy is closed could reclaim ANY and ALL WMI owned Safe Harbor assets.

The previous documents (contracts) that outlined the rights of Commons and Preferred are no longer valid, since they were rendered null and void by the Debtors.

The only valid document at present is the POR and as such only those provisions are legally enforceable. By this i'm referring to the 75%/25% division of remaining estate assets.

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.

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