Large Green..... with all due respect for your body of DD work all of these years, what you say all makes sense in a perfect world of moral reality, but there us just no "legal language" written in any forms that either cash, nor shares will be returned to equity holders of escrows...why?...as you have stated, Wmilt, and coop have been very selective on any SH assets that they may have sequestered from the beginning of the chapter 11...escrows were given to holders in the event any future stock could be litigated and given back to escrow holders... in fact, we did get additional Wmih stock fro the employees claimant settlement... thats it..... according to Rosen, no more stock, or money is left in the Wmilt, and any remaining funds given to charity...now to Wmih, trading as coop.....the claims that are left are equity claims, and as such come under the purview of the BOD, which IMO have no fiduciary duty to give former escrows neither 51 quarters of dividends, nor stock for those escrows held in our account... in fact, Rosen wanted to get rid of them, as they are worthless now that the Wmilt is closed...let me be succinct in my statement...Wmih is not about to give back over 100 years of equity to passive investors who bought WAMU in bankruptcy shortly after the Receivership for .06 cents per share, as I did...this would be tantamount for the company to "gut" all its equity, and give it to escrow holders, all the while they have 8.5 billion in debt, including debt from the Bridge Loan backing the NS merger...all of this talk about cash and shares returning to equity is "pie in the sky" dreaming, but there is NO LEGAL LANGUAGE THAT COMPELS WMIH TO RETURN ANY ASSETS TO ESCROW HOLDERS... PERIOD..what I see happening, is that perhaps the SH assets will be reconciled into coops books, and the share price will rise to reflect these long hidden assets...maybe on june 30, they will make an announcement concerning these assets on coops books, but thats all....it will be a nothing burger...however, AZCowboy is correct... "coop is the tell"......sorry guys.. disclosure 195000 common escrow...
also, this was a chapter 11 reorganization, and is different from a chapter 7, in which all remaining assets after debt holders are paid must be given to the estate holders... such is not the case here.....
Lodas
