Friday, January 15, 2021 5:05:33 PM
The following excerpt is from the trust FAQ update posted by LG today.
Nevertheless, at the request of certain legacy shareholders, the Trust’s administrators agreed to keep the Escrow CUSIPS outstanding until the Trust’s dissolution.
The trust (WMILT) dissolves no later that March 2021 according to the latest update...
So yes, there is a chance that Rosen is lying on the FAQ and he can't dissolve the markers but do you want to chance it?
Also, see my earlier post. I'm suspecting that any remote bk assets will not pass through WMILT. and hence I'm also worried that such assets may not return automatically to our escrow markers (again see my earlier post regarding the FAQ update).
We need some professional legal advice on the subject matter. Do we need to identify all the remote bk assets and file some claim paperwork to access such assets?..with our escrow markers as proof of legal claim?? If so, we better hurry before they delete our markers. Maybe the hedge funds are already doing that. They don't need to tell us. The less retail filing claims, maybe the bigger the pot left for them.
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