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Sunday, June 27, 2021 11:11:11 AM
and, as I have stated numerous times, KKR is in charge of the Company's BOD's ... again "WMIH" ...
The "P" associated "WMIH Preferred Managing Subsidiary", ... Is Obviously alive and active' ... Yes, trackable well past the Implementation of WMI's Court Approved Plan of WMI's Reorganization ...
The Inbound funding, or interest eanings, were used to pay the Issued Preferred, KKR's quarterly 3% coupon in Cash ($18,000,000.00), as well as the fees for the Run-Off Notes, ... Yes It's ALL Documented ... However, ... there have been zero preferred Cash payment resonsibility's made, ever since the end of 2017, "as of 12/31/2017" to be document specific ...
So, has there been inbound financial recovery's ... obviously yes ... as the WMIH Preferred Managing Sub, is trackable beyond 12/31/2017', ... has the company incurred any additional preferred responsibilities since the transition of KKR's coupon to a 5% in common shares from the 3% cash ? ... Nope Not Hardly', ... and has the Company PAID OFF All of the Run-Off Notes ? ... Yepperini' ...
So, is there "Asset Value" ?, as well as, accumulated interest earnings, in the Present Tense and Operational "WMIH Preferred Managing Subsidiary" ... Obviously YES' ... are the returns to be returned and distributed in any way shape or form, these silly numbers ? Of Course Not ... will the returns in the "WMIH Preferred Managing Sub", be shared with a releasing common shareholder at the misunderstood 75/25 ratios' ... ? ... Uh', Nope Not Hardly, ... And The same is true in reverse for a releasing common share holder' ...
AZ
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