~ Xoom, It’s Great To Sit Back And Watch Everyone Experience The Process (Finally) Happening ~
... those kids (the *Mr Cooper Group), ... won’t get to far ... without the financial help of the “Parent” (“WMIH”) or (better referred to as reorganized WMI) ...
... WMB still needs to complete the final move to JPMC ... but that could be going on now’ ... I got some indication of that possibility earlier this morning from the “London Stock Exchange” ... the Subordinated Notes being paid ... “in full” ... plus the LT owes the Notes a couple of bucks still ...
... so if they distribute the Dime checks like last time, ... the checks will be drawn on a BAC account and issued by KCC as the claims administer ... we will see in the next day or so ...
... and again, ... “COOP” still needs to figure out how it’s going to deal with all of us ...
PS I put some Bonderman Numbers together earlier for you to think about ... regarding all common shares ...
At the 12/31/2007 10-K ... WMI had 888 million commons
As of the 7/31/2008 released 10-Q ... WMI had increased to 1,705,343,797 commons ... increased due to TPG and other institutions and preferred share conversations ... an increase of some 800 million common WMI shares ...
In October of 2008’, ... Judge Walrath disabled the debtors ability to join any additional cases for procedural purposes ... remember, the Debtors were representing the “Holding Company” ... and Judge Walrath put a stop to the possibility of any more combinations “for procedural purposes” ...
The Plan 7’ Reorganization comes in 2012’ and all of the common shares were pooled, yet only 60% ish actually released ... so if Bonderman and the institution’s all obviously released their 800 million ish shares, ... that means that the percentage of non released commons “ALL” came from the original 888 million share pool ... roughly the difference between the original 1.7 billion and the 1.2 billion that showed as released ... the common share owners ... the people’
So, In 2012’ roughly 500 million shares of the original 888 million commons were twisted, discouraged, and lead to Not Release, convert, etc. ... since its apparent that Bonderman, the institutions, and converted preferred all released, ... the damage done to the “PEOPLES”, WMI commons was truly greater than the 30% ish they said did not release ...
... the holding company WMI has reorganized ... those common shares tracking markers are gold ...
AZ
