~ Wrong Again' ~
... As Described on the WMI BK Docket, A "Carrot & Stick" approach was used extensively, (their words) ... and again, as described so eloquently, Filed on the WMI BK Docket within the TPS Consortiums submission to Judge Walrath', ...
1st' it was made to appear that participation in the PIERS was the best thing to do' ... however, ... had 6' been approved, only the chosen ones were ever going to benefit', and everyone else would lose out' ...
2nd' it was the "P's" that were pushed as the best participation', with the use of calculators, misunderstandings, and a "carrot" offered as more shares' of the reorganized company' ... etc', ... now trading as "COOP" ... with "WMIH" always maintaining its position as the Parent Corporation' ... through to the present tense'
however, the result that was always wanted, ... was always to diminish the releasing WMI common share participation, so that once the BK's would eventually be Closed, and the Trustee(s) were released of their restrictions, ... that the number of receiving recipients would be as low as possible for the division of the accumulated interest returns' ...
That Original TPS Consortium Filing, ... in support of 6's denial, is an absolutely amazing read' ...
Now then, to the present tense', Each Functioning Trust' had / has its own Trustee', ... and the DTC issued ESC Cusips were individualized on purpose' ... the fallacy created', was that the WMI-LT's Trustee (kosturos) was running the entire distribution show' ... Nope, Not Hardly', (obviously) ... Kosturos was only charged with the distribution of the Court Allowed Plan 7's creditor and claimant Cash' (Cash & Tax Refunds) ... period' ... all of that has been completed now'
The "Plan 7 "Disclosure Statement" states the fee and expenses program allowed to be paid to the Trustee(s) (plural) ... a quick review of which trustees actually filed for their fees', ... and, which Trustees did not need to file, since their managed Trusts were continuing to function, ... ends the confusion' ... BUT' ? one would need better study habits', a better education, a higher retention level, and a reasonable positive IQ, would help as well' ... or, the Truth actually being revealed' to the people' ... hhhhhmmmm ? ...
~ WMI's Capital Trust Was "Always" Kept Separate ~ ... as stated in the "Disclosure Statement", as NOT being one of the WMI 33 non banking subs' ...
"it is what it is"
just sayin'
AZ
