TO ALL: The questions below are the ones I presented to “Trust” management. I will post his reply next, but C.S. must think we are all dumb as he keeps saying there is no more Assets coming to the WMILT – WE KNOW THAT. His reply only addresses the assets that WMILT has currently or could possibly get in the future.
THIS IS THE HEART OF THE CONFUSION AND WHY THIS 75-25% LACKED CLAREITY. IT APPEARS TO ME “TRUSTEE” MR. KOSTUROS STILL DOES NOT WANT ESTATE HOLDERS TO UNDERSTAND THAT THE ASSETS WE WANT A THOSE THAT HAVE BEEN IN THEIR ISOLATED TRUSTS SUCH AS THE “Washington Mutual Capital Trust 2001” “Posit” AND THOSE ASSETS WILL NOT FLOW THROUGH THE WMILT – THEY WILL FLOW THROUGH THE DTCAND IMO, WILL FLOW ACCORDING TO APR LAWS AND MAX PAR VALUE.
Questions and transparency requested:
• Has the required Adjustment of the DCR (Disputed Claims Reserve) been filed with the courts to complete Class 16 claims and (Tranche 4)?
• If not, why the delay? Council Brian Rosen in 8/30/2018 filing “Motion” #12499 The court has made bench ruling for it. Why has the WMI-LT “Trustee” not carried through with the DCR adjustment?
• Many of us feel the CIC – “Change -in-Control” was recorded end of 2018. Please confirm that FDIC completed CIC to JPM?
• I understand that any distribution through the Liquidating Trust will flow at 75-25% rate. IMO that may only be less than 50 million.
• Please clarify- If any distribution outside of the Liquidating trust and through “Depository Trust Company DTC” - will it flow first to Class 19 Preferred holding until PAR value APR is reached, and then all flow to common equity classes 21/22? OR AT THE 75-25% SPLIT THAT YOU HAVE CONFUSED MANY ABOUT???
• Please explain any other forms of possible distribution of Estate assets to those that filed their 41.6 release and w-9 forms submitted? Like Share for Value exchange for COOP stock?
• There is still shares remaining in disputed share reserve when and how will they get distributed?
• Is there any Debtor owned Safe Harbor assets being held outside the bankruptcy? Yes or No. What is approximant value in billions? Our own DD shows there is A LOT and it should flow through the DTC directly 30-152 billion range.
• When the “Washington Mutual Capital Trust 2001” “Posit” a CMBS Trust, an assets of the Holding comp., which including some $30 billion (ish) in foreign bank branch deposits alone, and many other “Estate Assets” or “Trusts” now mostly all liquidation status and held within a “trust” under Delaware laws and waiting for distribution to Estate Holders. Will those distributions flow? - through the DTC system? , or through the Liquidating Trust and is there any pro-rated formula for those distributions like the 75/25% split?
• When the “Retained earnings” talked about in court documents get distributed will it flow though the DTC? Also please give an estimate on the value? 10-20 billion? 20-30 billion? Or more?
• Is there any complete list of Assets given to JPM such as 3(a) asset list that was missing and what value JPM paid for them? I would think our “Trustee” has that list.
• Is there a complete list of all 363 sale of assets that our “Trustee” has and value of the sale of those assets?
