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Reorganized WMI(=COOP!!!) shall complete...administrative dissolution...of WMCT2001

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JusticeWillWin   Thursday, 12/06/18 03:04:11 AM
Re: hotmeat post# 549681
Post # of 582240 
Reorganized WMI(=COOP!!!) shall complete...administrative dissolution...of WMCT2001

From the POR7:
Reorganized WMI IS NOT the WMILT IMO

http://www.kccllc.net/wamu/document/0812229111212000000000003

Definition Reorganized WMI:
Quote:
1.192 Reorganized WMI: WMI, on and after the Effective Date, which shall include One Hundred Percent (100%) of the equity interests of WMI Investment, WMMRC and, subject to the abandonment of the equity interests of WMB, WMB.



Quote:
32.3 Merger/Dissolution/Consolidation: On or as of the Effective Date or as soon as practicable thereafter, and without the need for any consent or approval, Reorganized WMI may, in its sole and absolute discretion, (i) cause any of the Reorganized WMI Entities to be merged, dissolved, or otherwise consolidated, (ii) cause the transfer of assets between or among the Reorganized WMI Entities, or (iii) engage in any other transaction in furtherance of the Plan. As soon as practicable after initial distributions are made pursuant to Section 31.1 of the Plan, and without the need for any consent or approval, Reorganized WMI shall complete, or shall cause the completion of, the administrative dissolution of the Washington Mutual Capital Trust 2001.



So Reorganized WMI owned WMIIC and owns WMMRC according to the above definition, so the Reorganized WMI = WMIH = now COOP "shall complete, or shall cause the completion of, the [color=red]administrative dissolution of the Washington Mutual Capital Trust 2001"!!!

Your post:
Quote:
I don't recall ever reading anywhere that the stock of WMCT 2001 was to be transferred to WMIH, nor was WMB stock, which WMI abandoned. Can you cite a reference or link which corroborates the WMCT stock claim???



The statement was, All assets of the Debtors, WMI + WMIIC, including intercompany claims would go to the WMILT except…

100% equity of WMIIC which went to WMIH

100% equity of WMMRC, also went to WMIH

The stock of WMB, which was abandoned by the Debtors. It never stated WMIH assumed WMB's stock that was abandoned to create the NOLS. That does not compute.




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- Just my personal opinion, no investment advice! -
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