Any chance the PPS ...needs....to be brought back down to 2012 re-emergence from BK levels? The equivalent of $.40 cents or so? Return to the original 2012 structure of 'Fair and Reasonable' specific distributions in the QSR that the LT has jurisdiction over .... If the DCR is soon to be released... Is their a legal need for any distributions of WMILT remains, to be at the original 2012 calculated PPS and distribution ratios?
After all, the WMILT said that WMIH would not be trading.......and then lo and behold it did! WMIH (now COOP) went from pennies to dollars, and then now back to the equivalent in pennies! Someone played the PPS all the way up, and then all the way down knowing they had time on their side, and what PPS base to return to.
During the Bankruptcy, we saw the same cycle. WMI trades in the pennies initially, and then throughout 4 years of Bankruptcy it trades in multiples beyond, until seconds before the big event of re-organization emergence, it plummets back to pennies where it started. Someone played the PPS all the way up, and then all the way down knowing they had time on their side, and what PPS base to return to.
I would say insiders knew how long this would take, and knew they had years to string along the Employee Claimants in Walrath's court, as a means to kick this can down the road long enough to recover from inside trading, what they lost to us retail........ in "colorable claims."
Same cycle, same circle, same insiders, same reorganization trustee. One big collusive group.
Keep in mind, I'm only speaking about LT cash/share residuals listed in the QSR. I'm not worried about other residuals outside the LT, that other trustees like Wells Fargo, US Bank, and others are refereeing (thank god)
