~ Johnny, I Must Have Missed Your Question', "Sorry" I'm Not Always Here ~
"why do you want to lend attention to The account WMI-LT does not Consider to be an asset. Is this because its really an obligation or a debt owed to its rightful equity owners ? Or is because it is safe harbored"
"Cash" is taxed', Common Shares Are Not Taxed' ... So,
There Remain TWO WMI-LT' Accounts to the present tense', ... the first one I refer to, holds "Cash" there's roughly $11 million dollars left in this first account now that Tranche 4 has been paid, ... the second account only holds "equity" shares ...
* One Account, the WMI-LT DCR (a Disputed Claims Reserve) to address the employee claimants Cash Bonus Claims, ... and now after the employee claimants litigation loss, that same “Cash” is Plan 7, 26.3(a) Able To Be Used To Complete the “Cash” Payments To the Plan 7 Allowed Creditors, Tranche 4’ ... Now Announced as Done on February 25th, 2019’
and:
* One Account, the WMI-LT DER (a Disputed “Equity” Reserve) to address the employee claimants WMI Common Share Award Claims, ... WMI Common Shares held in an account that is QSR Reported as, not considered an asset of the WMI-LT, and now after the employee claimants litigation loss on their second front, ... and the “Cash” now used to pay Tranche 4, ... Able to distribute the WMI now COOP commons and any CASH able to Now Be Received ... as of the Final Court Approval Docket # 12585 on 02/01/2019 ...
The SECOND Account is able to hold both' Cash & Shares', ... however it is in my very strong opinion, that CASH was not able to be either distributed or received until WMI's Last Creditor Was Paid off, Tranche 4', as was just completed on 02/25/2019'
So again, ... It Is In My Opinion that the WMI-LT's "Trustee" will follow the process as disclosed in the QSR's and we will move forward ...
~ Understand Plan 6 "Participate" In Plan 7 ~
Helpful ?
AZ
