News Focus
News Focus
Followers 180
Posts 7346
Boards Moderated 0
Alias Born 12/26/2012

Re: hexson post# 640799

Sunday, 12/06/2020 10:31:09 AM

Sunday, December 06, 2020 10:31:09 AM

Post# of 749756
~ Judge Walrath Needed' To Cap' The PIERs', Pay Them Off, and Separate Them From The Plan 7' Reorganizations Recovery, In Order To Release Their Original WMI Capital Trusts Debt Support' ~

the 2% of $1,150,000,000.00 in Cap Trust Debenture Support was the 23,000,000

... The PIERs Had Originally Been Supported by a $1,150,000,000.00 WMI Capital Trust "Debenture" Support' ... That financial debt support carve out of the WMI Capital Trust', needed to be released' ... the best way to release the piers debt support, was to Cap Them, and then Pay Them Off' ...

... The WMI Capital Trust was not part of any of the plans submitted, and not part of WMI BK's, ... and also' ... as stated in the Plan's "Disclosure Statement" was not considered to be one of the WMI 33 Non Banking Subsidiaries' ...

AZ

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today