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Post# of 749756
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hotmeat

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Re: ron_66271 post# 561294

Thursday, 02/28/2019 12:07:14 AM

Thursday, February 28, 2019 12:07:14 AM

Post# of 749756
QUOTE: "WMCT language is Liquidation Preference to UQ's after the last creditor is addressed."


That's 100% false...according to the prospectus the liquidation preference will be distributed to the holders of the WMCT common shares after the Piers are paid in full. The holder of those Trust common shares (not Wamuq) was the holding company, WMI. As usual presenting flawed and incorrect info to the board.

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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