~ Vodka, Actually My Response Was Generic' ... I'm Not An Emotional Investor, Nor, Can I Be "Disappointed" Like A Child That Didn't Receive What Was Wanted For Christmas Giving', Investing In My Context Is 100% A Chosen' Risk' ~
However, I generally just skip over, but since you were so polite' and Thank You' for that', A response on my part was required' ...
... I Agree 100% with you that the goal posts' of financial righteousness' have been moved over the years, ... however', that responsibility falls 100% on those that have controlled (now, past tense) the goal posts and the timing of the result' ... to be specific, ... the debtors representation, the restructuring component, the wmi-lt and their combined' associated personnel ... and, all of the charade deployed and the purposeful delays ...
Turn The Page;
Moving Forward, ... and skipping over a lot' of COOP related BK Filing and SEC Submission work done over the years since I was asked to help in 2012' ... I will leave you with a few current thoughts', ...
1st, it was rosie that brought the WMI Capital Trust into the process' and obviously failed within his attempts to keep its values for JPM and the chosen ones' ... the WMI Cap Trust Could Have Been Left Alone' ... it wasn't part of the BK's or any of the Plans' ... only rosie's attempts at wrong doing' in the failed "6's" were squashed by Judge Walrath' ... and so, Judge Walrath Fixed It' ... Plan 7' ...
2nd, in early 2018' ... KKR was not able to simply buy WMIH, ... because the valued performing Trusts Could Not Be Purchased' ... so instead ?, ... KKR created the 2nd Private Rights Offering', revolving around, ... "WMIH" and "WMIH and its Subsidiaries", written as documented ...
Now the next part is important', ... and NO' I will not link to these private documents, and I surely hope you will understand why' ...
within the Feb 2018 KKR Private Rights Offering ... came an "Accounted For" Evaluation of "WMIH and its Subsidiaries" ... now, the evaluation of the Asset Values of WMIH, were offered to be shown to a specific chosen group ... once shown the accounting values', ... a financial participation wasn't required, only a committed promise (in document form) to NOT reveal what had been shown to them, to the "Public" ... OR', ... if the commitment was violated, ... Litigation would be opened in New York, citing violations of ... "the 33 Act", the Patriot Act, and Homeland Security" ... yes, it is all in there'
Again, These issues are in the Submissions, ... again, one can believe or not' ... once again it's a choice ...
So, ... I was initially very sure about the returning WMI Holding Companies BK Segregated Asset Values, initially by a mere consideration of the WMI Cap Trust', ... but KKR removed any inkling' of any doubt I may have had ?' ... in February of 2018' ...
Have A Great Day'
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