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Re: mattchew post# 562228

Tuesday, 03/05/2019 12:39:35 PM

Tuesday, March 05, 2019 12:39:35 PM

Post# of 749756
~ Matt, Yes, That Is 100% Correct’ ~

A general lack of understanding seems to rule the day when it comes to 75/25% to the end.

As you know, the reorganizing debtor's assets were, are and never will be available to the WMI-LT for distribution.

The 75/25% was for reorganized debtor shares, and the creditors did not vote on it because they did not have a claim to it.

Therefor, there was no violation of the APR, as stated in open court during the confirmation hearing



... promoted wishful thinking to a specifically hopeful result, is powerful ... However it doesn’t make it true’ ...

AZ

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