Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
7,473.47
(
0.37%
)
US TECH 100
28,612.40
(
0.11%
)
Dow Jones
50,579.70
(
0.58%
)
Brent Oil
101.17
(
0.00%
)
Bitcoin
77,525.04
(
0.67%
)
News Focus
News Focus
Post# of 749756
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) 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: JusticeWillWin post# 549702

Thursday, 12/06/2018 3:45:24 AM

Thursday, December 06, 2018 3:45:24 AM

Post# of 749756
In other words you believe the common shares of WMCT, meaning any remaining asset value wholly owned by WMI was transferred to WMIH (COOP)...correct?

If yes, why would the LT retain the Piers Creditor debt which was backed by WMCT's assets and allow WMIH to receive those assets free and clear. That makes no sense IMO.

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 (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today