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Re: BBANBOB post# 588455

Wednesday, 09/18/2019 1:37:17 PM

Wednesday, September 18, 2019 1:37:17 PM

Post# of 730171
The WMI Liquidating Trust mandate prohibits the LT from doing anything more than liquidating any assets, converting to cash, and then distributing such cash.

"WMI Liquidating Trust (the “Liquidating Trust”) serves as a mechanism for liquidating, converting to cash and distributing the Liquidating Trust Assets(as further described in these FAQs) to the holders of beneficial interests in the Liquidating Trust (the “Liquidating Trust Beneficiaries”). The Liquidating Trust will not continue,nor engage in at any time,the conduct of any trade or business other than the liquidation and distribution of the Liquidating Trust Assets, and is intended to qualify as a “liquidating trust”for federal income tax purposes under applicable Treasury regulations."

There can not be a 'shares for value'.

I have never said they can flow, but I have always said and will contend that LEGALLY WMIH/COOP CAN BUY anything from anyone they want INCLUDING THE LT.

The S4V was just one of the ways they could facilitate it.

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