~ LP, Been On WMI ?, now COOP, Ever Since January 2006’ ~
Here we are now with WMI’ trading as reorganized COOP, ... while interestingly, WMIH Corp remains the parent corp. ... Yepperini, I’ve followed the WMI dual tracking litigation process from the 2008 seizure beginnings both in Delaware which incorporated the GSA settled WMI reorganization, and then in Judge Collyer’s Court in D.C., which ended in Judge Clasters Court in California in June of 2017, ...
I began becoming more active presenting in areas such as these ? ... after the 2012 reorganization in an effort to help the people’ ... the Road King survived Plan 6’s failure, but humorously the Road King was never in any real danger, back in July of 2011’ ... Plan 6 wasn’t getting approved ... period’ ...
Moving forward, here are a few present tense considerations, ... We’ ... have had a restructuring component originally approved in 2008’, then their own documented and signed block and delaying mechanism put into place beginning in 2009’, ... then carried forward in 2012’ with the use of a WMI-LT and a Disputed Claims Reserve (DCR) ... Also’, in the latter 2009’, ... the “Equity Interest Claims”, now known and referred to, as the “Employee Claims”, became actively carried forward’ ...
These “Equity Interest Claims” were originally submitted against the WMI Common Share Awards, That These Employee Claimants believed were due to them at their present value ?, and also at their futures ... the present value claims are a direct mathematical derivative of the QSR referenced 1.5 million WMI common shares, now after the 12/1 reversal, the referenced 128,857 COOP common shares ...
... for historical continuity, ... the future tense share claims were in a 120 page long attachment filed in 2012’, ... that claim was for well over 16 million WMI commons, but that was easily dismissed, maintaining the Equity Interest Claims (Employee Claims) of the seizures present valued’ 1.5 million WMI common shares to be carried forward ...
... So, ... here’s the facts as they are to the present tense ... those original “Equity Interest Claims”, were placed at Plan 7’s approval, in Tranche 5 Class 18’, Just ahead of Equity’s Tranche 6 Classes 19 and 22’, in the event that they became successful on any level ...
... Obviously, ... those original “Equity Interest Claims”, referred to as the employee claims, were not successful, ... and B Rosen filed Docket # 12499 which was memorialized with Docket # 12585 described their Litigation Loss’, and the Court Ordered follow through with the remaining adversarial claims showing “(closed)” as of March 22nd, 2019 ...
... So here’s the ... hurtle’ that’s needing to be jumped’ ... Per the WMI-LT’s own QSR, ... the account that the WMI-LT does not consider to be an “asset”, is now ready to be released, ... and again if one reads the text closely, per the WMI-LT’s Own QSR, ... the Disputed Equity Reserve (DER), ... actually belongs to Equity Class 22’ ...
From The WMI-LT QSR;
”A dismissal of disputed equity interests will result in a distribution to common shareholders of Reorganized WMI consistent with the allocation of, and manner of distribution of, common shares on the Effective Date. The shares and any cash that may be distributed on behalf of the shares are held in a separate escrow account that is not recorded as an asset of the Trust”.
... so neither the original “Equity Interest Claims” (known as the employee claims), ... or the Disputed Equity Reseve has ever been related to ? or associated with ? a Class 19’ ... again per the WMI-LT’s own QSR’ reports
So Again ... as QSR stated, the release of the DER is earmarked specifically for a Class 22 original releasing WMI Common Share Owner ... and per the WMI-LT’s Own QSR there is no 75/25 to the end and there will not be any additional LTI’s Issued ...
shares and cash
I have always believed that the “people” needed a helping hand with the sequencing of this complex litigation ... I hope I’ve been helpful ... it is what it is’ ...
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