InvestorsHub Logo
Followers 204
Posts 13632
Boards Moderated 3
Alias Born 10/26/2008

Re: A deleted message

Wednesday, 04/29/2020 1:29:46 PM

Wednesday, April 29, 2020 1:29:46 PM

Post# of 726858
Restricted Subsidiaries Footnote 39-PROOF of RESTRICTED ASSETS

Obvious proof of assets that are obfuscated, ignored for some reason so the question is why?

PROOF of WaMu ASSETS in item two of the filing below talks about VALUE in Restricted Subsidiaries - hotmeat and others, here is irrefutable proof of assets not to mention what assets are behind 800 plus court-sealed docs

Form 15 Filing to SEC Then “In My View” Investors See Truth of SH/BK Remote Money Flow between 4/20/2020 & The Dissolving of WMILT-Plus Restricted Subsidiaries Action

https://www.sec.gov/Archives/edgar/data/1545078/000119312520005481/d866835dex991.htm

After giving effect to the Distribution, the Trust intends to file with the Securities and Exchange Commission (the “SEC”) a Form 15 Certification and Notice of Termination of Registration Under Section 12(g) of the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Form 15”).

Subsequent to filing the Form 15, the Trust will no longer file or furnish any reports or other documents with the SEC pursuant to the SEC’s EDGAR system, and thereafter will no longer make any disclosures with regard to its limited operations. Relatedly, because Judge Walrath granted the Trust’s application to close the Chapter 11 cases, the Trust is no longer required to file any quarterly or other informational reports with the Bankruptcy Court.

As a result, going forward, the Trust will no longer file any “Quarterly Summary Reports” (or other information) with the Bankruptcy Court and the Trust will no longer file with, or furnish to, the SEC any such reports under Form 8-K.

I still view (the (DSTs) Delaware Statutory Trusts will be a vehicle for timely (by 3/2012) signed releasors to receive monies via the DTC then on to Brokers

1) Actions happen post-BK closure-Now closed, signed and filed by Judge Walrath on 12/20/2019 and BK cases terminated officially by the court on 1/23/2020

2) After BK closure the Administrative Hold will be released allowing exciting actions to take place between bk termination and WMILT closure around October of the year 2020

3) Then I see Marker Holders getting a Private Placement Offering by WMI INC at some point during the year 2020

4) Notice the highlighted pieces below in the confidential filing

7) Do not forget about the 10-year runoff mode of WMMRC ended 3/2019

https://www.sec.gov/Archives/edgar/data/933136/000119312518045989/d539539dex105.htm

CONFIDENTIAL ANNEX C-I

Form of Solvency Certificate

Reference is made to Credit Agreement, dated as of [•] (the “Credit Agreement”), among [•] (the “Borrower”), the lending institutions from time to time parties thereto (the “Lenders”), and [•], as Administrative Agent.

Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. This certificate is furnished pursuant to Section [•] of the Credit Agreement.

Solely in my capacity as a financial executive officer of WMIH and not individually (and without personal liability), I hereby certify, that as of the date hereof, after giving effect to the consummation of the transactions in connection with the Bridge Facility:

1. The sum of the liabilities (including contingent liabilities) of
WMIH and its restricted subsidiaries, on a consolidated basis, does not exceed the present fair saleable value of the present assets of WMIH and its restricted subsidiaries, on a consolidated basis.

2. The fair value of the property of WMIH and its restricted subsidiaries, on a consolidated basis, is greater than the total amount of liabilities (including contingent liabilities) of WMIH and its restricted subsidiaries, on a consolidated basis.

3. The capital of WMIH and its restricted subsidiaries, on a consolidated basis, is not unreasonably small in relation to their business as contemplated on the date hereof.

4. WMIH and its restricted subsidiaries, on a consolidated basis, have not incurred and do not intend to incur, or believe that they will incur, debts including current obligations beyond their ability to pay such debts as they become due (whether at maturity or otherwise).

For purposes of this Certificate, the amount of any contingent liability has been computed as the amount that, in light of all of the facts and circumstances existing as of the date hereof, represents the amount that would reasonably be expected to become an actual or matured liability.

IN WITNESS WHEREOF, I have executed this Certificate as of the date first written above.




***The Infamous Footnote Number 39***


In light of Footnote 39:

"FINAL REPORT OF THE EXAMINER
JOSHUA R. HOCHBERG
Court Appointed Examiner


Footnote 39


Equity undertook a preliminary solvency analysis based on the limited information made available by the Debtors. Equity noted that a final analysis of solvency would require a detailed review of WMB?s loan portfolio, which is not available to Equity and was also not reviewed by the Debtors. The Examiner in this Report has an analysis of solvency, but he also did not conduct a review of the loan portfolio."






Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News