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Re: austin01 post# 662998

Monday, 07/12/2021 7:56:54 PM

Monday, July 12, 2021 7:56:54 PM

Post# of 728628
austin01....I seem to recollect that Rosen wanted to cancel the escrows when he went before the judge in response to Alice Griffin motion... Alice argued that the escrows should not be cancelled, as Rosen had suggested... it was only then that the judge agreed to keep them extant in our accounts, but that they had no intrinsic value...I believe Alice argued that if they were removed, there would be no way to award escrow if something materialized after the WMILT was gone....If those escrows had value, the judge would have stated it right there in court, .....she did not, and had to be prodded by Alice to keep them in our accounts.....now... prove me wrong... no where in legal jargon does it say that these escrows have a connection to old assets held in chapter11 restructuring...why would Wmih pay shareholders for assets they already own legally after paying off creditors?...those assets, if any, are company assets, not escrow holders assets...they belong to the company, and your equity shows up in the price of the stock...try asking Apple computer for your share of the 90 billion dollars in shareholders equity assets... they will tell you that your equity is in the stock price, and just sell your shares in the open market... Apple does not have to cut you a check for anything they hold in assets that belong to you legally... if Apple files chapter 7, then yes, you will get your share in cash, if any...guys, this was a chapter 11 restructuring os assets after liabilities had been settled... Lodas
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