The following post is in my opinion only, and is what I have read, and heard from Board posts from the years gone by....do not take offense, as it is My opinion...........Nate Toma asserted to the Judge that insider trading was going on with various financial instruments of Wmi, which was in chapter 11....as a result of the findings from an investigation held by an arbitration panel, the Judged ruled that the Hedgies were guilty of "colorable insider trading"....Instead of referring the matter to the SEC for prosecution, the Hedgies pledged 75 million dollars in capital, plus shares of a new company to be formed, Wmih, post exit from bankruptcy.....Now, this is what I have a problem with.....as a result of the mediation, she MUST have known the full scope of WMI's assets, both those that were presented in court, and those assets that Nate Toma asserted that the hedges were going after....she awarded new shares in the post bk company, BASED ON WHAT!!!!!....SHE HAD TO KNOW THE FULL SCOPE OF WMI ASSET TO MAKE SUCH AN AWARD....was it too little?.. too much?...did any lawyers put up opposition to her ruling as to the amount of shares we got for our old stock in the new company?.... she made her decision based on facts as presented to her... we got our Fair and Reasonable 8 years ago for our old common stock in WAMU....If the Judge did not know the full scope of WMI assets then, how could she know them now that the bk is closed??....this is my opinion only, that the escrows will bear no further compensation... I remember reading some time ago, even J Bray, the CEO of coop saying, that there was no connection to any other assets of Wmi?... please correct me if I am wrong with Bray's assertion....Lodas
