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~ MWG611, Well ?, It Is An Original

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AZCowboy   Monday, 08/19/19 03:41:03 PM
Re: mwg611 post# 585431
Post # of 588163 
~ MWG611, Well ?, It Is An Original Ownership Issue' ~

The following text Is from The Judge Walrath September 2011 Opinion, which denied the 2nd attempt at a Plan 6 approval, and also lead into the Courts forced "Mediation" later in 2011' ... So, the following covers approx 160 million shares, of the original 200 million newco shares, with the remainder to be offered to those that could afford a 2 million dollar minimum buy in at, $25.00 pps ...

"According to the stock election results, stock in the Reorganized Debtor will be held as follows: 24 million shares by Senior Noteholders, 13 million shares by Senior Subordinated Noteholders, and 123 million shares by PIERS holders. (D.I. 8108 at 32; Tr. 7/13/2011 at 101.) The shares will be issued at a rate of one share for each dollar of claim exchanged. (D 255 at § 1.167.)”

This (failed) attempt was to include those creditors through Tranche 4', and then issue, WMI-LT, LTI's to the WMI Preferreds' ... the wamuq commons were out' ... NO TRACKING MARKERS Were to be issued To Either the Class 19's or the Class 22's ... and' ... as YOU can now see', the WMI preferreds being issued an WMI-LT, LTI, was a pipe dream in financial futility, ... There NEVER WAS Going to be any money left over in the WMI-LT ... so, ... BOTH the WMI Preferreds and the WMI Commons were going to be left out in the cold' ...

Also, an acknowledgement of a WMI Class 19', also meant that the new companies float would need to be adjusted, "due to the fact" that a Wampq', is directly connected to Preferred Funding Trust III, which is convertible to a common share' of the reorganized WMI' ... now WMIH, being referred to as *Mr Cooper, ... that ?, was going to be a problem' for the new company, which is why the LTI's were going to be issued to a class 19', and obviously the WMI-LT was never going to ever pay-out ...

But That Is Not What The Final Result Was, ...

WMI's Court Approved Plan 7 changed all of that and gave the newly reorganized WMI, nka' *Mr Cooper to the releasing Class 19 and Class 22 participants, ... and made the SNH's pay for the start up money' and a credit facility' ...

Think of "COOP" as the original WMI' ... and your "Tracking Markers" are a depiction of the original class segregated ownership you held, ... while "COOP" as the original WMI', will soon be free of its original BK filings and its income generating securitization process will begin to function without legal restrictions, once again' ...

====================================================

"I have approximately 100,000 escrow shares. after all notes and preferred are paid how do you determine what goes to the escrow shares that came from my common stock and what goes to my approximate 1400 shares of Coop?"

The answers to your questions are directly related to who owned what ?' ... and where ?' will the financial benefit eventually come from and end up' ...

This is why your "Tracking Markers" are class specified to your own original purchases of the WMI financial products, ... or, your purchases of the WMI Common Share ownership of the WMI Corporate Estate by way of common shares', ... and, consider your ownership of the actual reorganized WMI, now trading as COOP' as separate' ... the reorganized company still owns much of the original WMI', and you as a shareholder, as well as the newco', *Mr Cooper, will financially benefit as this litigation comes to a close' ...

this whole mb promoted 75/25 to the end, and the worrying about the WMI-LT ever issuing additional LTI's, has screwed people up severly' ... "neither" has ever been possible' ...

I hope that was helpful, and why I post to all, ... ~ Understand Plan 6 "Participate" In Plan 7 ~

AZ









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