~ Once “One” Realizes The Limitations Of The WMI-LT’, Things Regarding WMI’s Values Become Clear’ ~
~ Don’t Trust The Trust ~
”At the confirmation hearings held in connection with the Modified Plan, the Debtors presented evidence that WMCT 2001 did not merge with the Debtors and remains a separate entity. (Tr. 7/14/2011 at 20-33; D 401.)”
~ Understand Plan 6 “Participate” In Plan 7 ~
Once “One” realizes the original separation of the Washington Mutual Capital Trust, and the WMI Plan 7’ Disclosure Statement referenced “Variable Financial Returns”, for the Releasing “Stockholders” becomes Clear’ (Class 22 & the WMI reorganized newco)’ ...
Now apply the truly relevant stipulation filed in 2009’, between the WMI Cap Trusts Indentured Trustee, and WMI’, ... (Not Wells Fargo), ... and the financial returns held while the WMIIC / WMI Bankruptcy’s remain open, also become Clear ... Interest yielding “Debentures” at .05375% ... since 09/2008’
To much irrelevant focus has been placed on the WMI-LT’ mostly by its own intertwined “crew” of promoters, which has been distracting and irrelevant to the True WMI’, now to the current Parent Corp, “WMIH”, as stated, merely rebranded or name changed to *Mr Cooper, trading as symbol COOP ... and it’s financial future ... I was blessed to have found this out early, back in 2012’ ... (“dont_b_kruel”)
~ No, No There is No 75/25 to the End, There Never Has Been’ ~
~ No, The WMI-LT Will Not Be Issuing Any Additional LTI’s, The WMI-LT Never Planned On Needing To’ ~
~ The WMI-LT’s SEC Filed QSR’s Have Been Accurate, There Will Soon’ Be Nothing Left’ ~
~ The WMI-LT’s DEE Belongs To The Releasing WMI Commons, Class 22 ~
And, My Favorite Class 19 Releasing Numbers Placed on the Docket, with a Class Segregated count placed in ... $Dollars$, ... Class 9’ and Class 19 were considered to opt out’
With respect to Class 19 (Preferred Equity Interests), it should first be noted that Class 19 only narrowly voted to reject the Seventh Amended Plan. When votes were, as required by the Court, weighted by liquidation preference and tallied, holders of $4,068,010,409.00 of Class 19 securities voted to accept the Seventh Amended Plan, and holders of $2,476,176,496.00 of Class 19 securities voted to reject the Plan. The percentage of the Class voting to accept is 62.16%, just short of the two-thirds in amount required. Additionally, holders of $1,867,100,000.00 of Class 19 securities elected to opt out of granting the releases in Section 41.6 of the Seventh Amended Plan. Presumably, a very large percentage of the votes to reject, and an even larger percentage of the elections to opt out of granting the releases, were cast by members of the TPS Consortium, who, as per their most recent Rule 2019 statement, filed on January 11, 2012, own approximately $1,547,000,000.00 of Class 19 securities.”
~ Know What You Own ~
and always ?
~ Watch Your Six ~
AZ
