~ XOOM Well, I'm Only Able To Track The "Cash" Interest Income Comparative To The "Cash" Expenses Paid For The "B" 3% Qtrly Coupon and The Run-Off Notes ~
... so first, "a couple of bucks" was simply a figure of "AZcowboy" speech ... I meant nothing bad'
But more importantly, ... those "B" Preferred and Run-Off Note Costs and Expenses were being paid out of the WMI, then to the "WMIH" Functioning "Subsidiary" ... that;
(a) Was Not Included In The WMI BK's,
(b) Obviously Had Some Financial Entity(s) Producing The Interest Returns,
(c) those Costs / Expenses WERE NOT Coming out of the reorganized companies funds, or the LT's ordered distribution funds to be earmarked for a creditor or a claimant
(d) the CASH responsibilities to be owed and paid, ended at 2017's years end 12/31/2017
(e) Whatever ?, had been producing the interest returns generated and used to pay the "B" and the Run-Off Notes Costs & Expenses, has obviously not disappeared, and has now continued to produce interest returns without interuption for years 2018, 2019, and 2020 ...
and last'
(f) anyone ? that ever said ? that there was no eventual "CASH" to be distributed' for the equity classes, specifically the WMI "P" Preferred, has been 100% full of "it" ... does anyone come to mind ?
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along with ? all of those that have predicted the silly numbers, the 75/25 divisional ratio's, the eventual issuing of an LTI, and the promoters and those responsible for the delay's to Close The BK's
I KNEW they were always full of "it" ... always', always', always', ... it's lonely ridin' solo, but sometimes it needs to be done', for the promotion of TRUTH ...
AZ
