What do you bet in 2008 the WMI Preferred managing subsidiary went to zero at bankruptcy !
I'm wondering if the WMI Preferred managing sub is considered an Unconsolidated Subsidiary since 2008. Our DTC tracking markers are worth zero at the moment in our brokerages. Zero current value x's 3000 name/place holders is still = 0.
So as an Unconsolidated Subsidiary, either "historical cost" in 2008, and/or the "purchase price" to me in 2012 WMIH Re-Org in my brokerage tracking marker, is literally Zero right now. No historical or purchase value = nothing to report to SEC legally if it's an Unconsolidated Subisidiary.
The managing WMIH subsidiary having a zero historical cost as an unconsolidated subsidiary, therefore has nothing to report on the consolidated SEC filings.. imo. zero at this moment in time, means zero to report or show anywhere. its worth 'nothing', at the time of reporting. We know its there, we see our tracking markers, they do exist....but until value replaces zero, then nothing gets reported to the SEC maybe?
Why is the value still zero; nothing? Maybe 12 years accumulated interest earnings still haven't been released yet by the 3rd party trustees? Its the only thing that makes sense.
So, what possible brainstorm issues could a third party trustee have, be worried about,.... to still legally justify and postpone releasing 12 years of accumulated interest that they have a legal and fiducial responsibility to lord over?
fdic? doubt it. Waiting till AG SCOTUS appeal window closes? could be technically speaking being used....
I realize stalling techniques are BS, but even BS lawsuits still occupy time and space in the legal system frivolous or not. And if someone's goal is to stall, why not be frivolous with our time and money? Kinda what I'd expect from these Kruel types.
