Saturday, April 06, 2019 12:44:27 PM
and per the WMI-LT's QSR, ... again' We should see soon enough' ... The WMI-LT's "Trustee" Will Follow The Rules' ...
I was reviewing some earlier research associated with the WMI' Owned Capital Trust', (unlike the Class 17 or Class 19 ABS-Cert Support) ... and there was a mention in the three point liquidation preference that I found interesting' ...
anyway, ... the WMI-LT's "Trustee" needs to formally notify the "Property Trustee" (Wells Fargo Bank), ... when Point ONE has been completed' ...
... "A Trustees Notification to the Property Trustee (Wells Fargo) Of The Completion Of The Court Approved Plan Allowed Creditor Debt Has All Been Addressed or Completed" ...
... "Then Point TWO' Is whether or not the designated property trustee has any claims outstanding for any servicing issues" ...
... "And Point THREE', Is A Release back To The WMI Stockholders', which I read as the WMI Common Shareholders" ...
WMB Class 17 owners and WMI Class 19 holders, are not "StockHolders"
But ?, Like I said earlier, ... WE' ... should ALL' know soon enough' ... The WMI-LT's Trustee WILL' Follow The Rules' ...
AZ
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