Hotmeat,
You are right on this.
WMILT is not allowed to trade returned assets, including ABS participation interest, with anything. So S4V is moot. Otherwise there will be tax issue in any trading, thus violating tax free grantor trust status.
WMIH, the reorganized debtors holds equity interest of former WMIIC. It means WMIH is first in line to pay for former WMIIC residue assets if any....only by CASH.
WMILT is the successor in interests of WMI, WMIIC, debtors and debtors in possession: All residue assets belongs to WMILT, after distribution to bankruptcy court allowed claims creditors, it will all be distributed to
final LTI owners issued to recorded escrow markers holders.
LTI holders will be receiving distribution statement and distribution check in tiered time sequence; 1st and subsequent check payment or payments.
Subsequent payment will be from unclaimed and returned payment checks.
First payment check will be very very juicy.
Mr.Cooper Group Inc. 2018Q3 10Q will be out soon. Yes, they are already late as "advertised". They have a need to fix it.
KKR invested $600M on March 2015 in WMIH Preferred B with a final conversion value to common share at $1.35, now equivalent to $16.20 a COOP share. Imaging if their original plan was not for at least 3x profits on this project within 4 years, will they be approved from the top ?
Not as a lotto dreamer to grasp that $1.6B next Tuesday 10/23,
$16.20x3=$48 should be reachable by 2019 Q3 in KKR's cook book.
The tail winds are very strong in Mary's court for the WaMu saga. Yes, bk is closing in Nov 2018, receivership is riding on the same air currents. Coop is sliding prior to rising.
The only potential head winds is the world economic and financial trends. The supply of money worldwide is getting tighter and tighter.
The drama is on on all stages. Be prepared and ready for the show.
Just hope that we can get the distribution sooner, put out proper positioning steps to watch the drama.
