Monday, November 05, 2018 7:57:03 AM
Please explain how JA applies to Safe Harbor assets and how will assets return to CANCELLED former equity???
You do acknowledge that old WMI stock, including Commons (wamuq) were voided right?
The fact is you can't because it doesn't apply and old equity rights were terminated.
The only applicable method of distributing cash is according to the Matrix, nothing else!
NOTE: I'll ask again, if only "certain" Debtor assets were transferred to the LT on the Effective Date in 2012...what happened to the remaining assets that were not transferred and was it because they were Bankruptcy Remote? Hint,...neither JA nor Rule 1015(b) is the answer!
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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