Friday, May 15, 2020 1:32:26 PM
... the quarterly dividend payments I’ve referred to, would be a continued accumulation since the filing for bankruptcy date’, ... as stated in WMI’s failed Plan 6’, as well as the Approved Plan 7 Disclosure Statement ... the dividend producing “debentures” would belong to the actual reorganized parent company ... now “WMIH-Corp” ... while the accumulation of the withheld interest dividends, would continue to belong to an original releasing WMI common share holder ...
... this particular issue is totally separated from a WMI Equity Class releasing “P” or “K” ... and their own distinct fundamentals ...
... In my opinion, ... having already been used for the “actual” debt collateral, once those bankruptcy segregated debentures are able to begin to be financially realized, ... Yes, then “COOP” will “Tell” Us ...
Again,
I posted this the other day, but it bears repeating Again, ... Remember, ... When differentiating between the classes, ... the TPS went through the “Exchange Event” ... exchanged into a WMI preferred ... however, when the TPS were exchanged, they were not issued a convertibility option ... many missed this important detail ...
... only’ ... the original WMI actual owners of the estate, obviously a common share owner, 939ESC968, ... as well as ...,only’ ... a WMI preferred (but again, only’, a 939ESC992 “P”, or a 9393ESC84 “K“), maintain a connection to the original WMI reorganized Holding Company, through their convertibility option, and the ‘K” as a subset offering’, ... now of course, now that WMI has been transitioned into “WMIH-Corp” ... as posted, I believe the TPS HELOC and Arm Loan packaged “trash” is done, gone, worthless, etc. ...
But those class specific ESC Cusips that I listed, that are directly related to the original Equity classes, should be fine ... again, “8” Preferred went through the transition ... 1 of the 8 were the K’s and 1 were for the original WMI convertible P’s ... the other 6’, did not come with all of the same potential ...
name changing the company, and filing the SEC financial submissions as the “registrant”, again as ... (the)*Mr Cooper Group ... is truly amazing ...
AZ
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