~ JayHarris, Yes I Remember’ ~
I was removed from the other seriously controlled environment (dont_b_kruel), and company’, ... without notice or warning back in July of 2017’ ... I was bringing forward the issue of ”Change In Control”, and the documented sequencing leading up to that process yet to come, I was a bit ahead of the time’ controlling mechanism originally put into place’ in 2009’ ... obviously’ ... So poof’, and I was gone, along with another ...
Regarding my close friend, the managing director of a large film production company, He has passed, and He is missed” ...
I also don’t use pm privilege, so no worries on that’
To your “P” Tracking Marker Ownership ... Again, If I’m allowed an opinion without all of the controversy, ... these are my conclusions ... and, I also own “P” markers ...
The “P” markers that you own, are representative of the Preferred Funding Trust III’, and are able to be convertible into common shares ... the TPS Do Not’ Share in that available convertibility ... at the WMI Filing for Bankruptcy, and the rulings regarding the occurrence of the exchange event, unlike the WMB Class 17’s, ... your WMI’ “P”s, were placed into “default”, ... default meaning that, as supported by ABS-Certs, they stopped being able to receive their quarterly returning dividends ...
turn the page’
Plan 7’ allowed for their reorganizational survival, ... but also within the process used beginning in 2009’, the withholding of the completion of a Tranche 4, again, as I have been posting about, ... had their quarterly dividend returns placed in a holding pattern due to Bankruptcy Rule 510 “Subordination” ... Tranche 4’s WMI Senior Debt’ Being Addressed, has held up a lot’ ...
Regarding “my opinion”, on an amount of recovery ?, in my opinion a Tranche 6 Class 19’ Should easily be able to now be at face plus a timing considered FJR interest assignment, “on their claim” ... then, once the dust settles, as perpetual’s they will eventually be converted into commons ... most are now cash complete at this time though ...
In my opinion, The big controversy, has always been over point # three of the “Washington Mutual Capital Trust 2001” and its Liquidation Preference To Be Activated Upon the WMI Filings for Bankruptcy ... which doesn’t involve original WMI preferred ...
I hope that was helpful and good luck to you ...
AZ