Monday, January 13, 2020 3:48:50 PM
DEE Distribution Math.
~98,000 COOP shares in the DEE.
~1,215,000,000 shares held by Class 22.
98,000 / 1,215,000,000 = .00008066
Your UQ count * .00008066 = X
Minimum Number of UQs needed to receive One COOP share from the DEE;
1/.00008066 = 12,400 UQs
Remember, no fractional shares.
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Yes This RE/DCR is a Separate Envelope,
and NOT part of the LT's envelope for Creditors that the WMI-LT is always talking about in the QSR.
This RE/DCR is the 363 Sale and placed on the FEB MOR 2012 of $20.7 Billion.
The Funds were placed into High Yield Treasury Notes for safe keeping.
Hint;
WMI filed for BK and WMB is no longer on WMI's Books.
~$32B - ~$8B = ~$24B.
~$24B - ~$3.9B for Turn-Over that went to Creditors = $20.7B.
Now add in 8 years of High Yield Treasury Notes interest.
Because this RE/DCR shows on the WMI-LT FEB MOR accounting, this ?maybe? distributed at 75/25%.
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