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Wednesday, March 27, 2019 5:57:49 PM
... If’ ... as I believe, ... The Original WMI associated ABS-Cert generated income returns, now as of March 25th, 2019’, have now been released and have been properly received due to Tranche 4’s completion on 02/25/2019’ ...
... Then that “Cash” received can not be held by the WMI-LT without the WMI-LT having a quarterly taxation issue and responsibility due’, on behalf of the actual Money’ for Quarter 1 2019’ ... the common shares held Don’t Have any taxation responsibility ...
So yes, ... I believe the pps’ close on Friday will be an accommodation of an original transitional pps’ ... and any received cash will show up in ones account by Saturday prior to the quarter ending ... without any fanfare’ ... this releases the WMI-LT from any quarterly taxation responsibility ... the WMI-LT is a Delaware Registered “Grantors Trust” ...
Remember, as I posted, ... That Account is not an asset consideration by the WMI-LT, ... so there would be no application of any 75/25, and no LTI’s able to be Issued ...
Per the WMI-LT,
... Are Held In A Separate Escrow Account That Is Not Recorded As An Asset Of The Trust ...
AZ
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