~ ADDED, Had "6" Been Approved ?, The Fixed Income (TPS' and Preferred) Would Have ALL ALSO Been Able to be Paid Within Point # 2' After Having Their "Claims" Determined To Be Allowed', Leaving point 3' to be distributed to ("rosoes) CHOSEN "Participants" Those That were earmarked to receive The Reorganized WMI' ... "6" Of Course Failed, and WE are now the recipients of reoprganized WMI, reorganized into WMIH trading as symbol "COOP" ~
... I've had many, many, years to study what was done ?' ... why the 2 original submissions were not approved ? ... and' ... why the process has lead us Here' ...
============ again,
~ Yes9', Yesterday' I Presented A Dissection of "Text" (not any theory) That Is Directly Imbedded Within the 2006 "Amended" Registration' and is Directly Related To WMI's Capital Trust, which again, Was NOT EVER ALLOWED To Be A Part of the WMI Holding Company's Bankruptcy's ~
Everything I posted about Yesterday, Was In Direct Relationship To point 3' of the Capital Trusts Final Liquidation Preference, which was activated on 09/26/2008' when the WMI Holding Company Filed for Chapter 11' Bankruptcy Protection ...
Point 2 address's the handling of any creditors that WMI may have had' and were owed money' ... obviously, ... at Plan 7', the 2012 WMI Reorganization, ... the Creditors and Claimants were able to all be paid with WMI's CASH and Tax Refunds ...
Point 3 distributes any interest returns generated @ .05375 annually to WMI's Common Shareholders ...
The financial trigger event' ... Is', ... The RE-MARKETING of the Capital Trusts "Debentures" ... The Entire Amount of "The Debentures" ?, Is An Unknown, ... HOWEVER, ... "WE' Can Be assured of a minimum of the "Debenture" Debt Support Listed On The Original "Docket Submissions of $1,150,000,000.00 ...
... IF' ... once the Liquidation Preference Had Been Activated', ... a Company's ... now, in the event of a reorganization, with' WMIH as COOP of course reaches ... a $50.00 pps or' May of 2041', ... the "Debentures" "Covenant" had been complete' ...
So, ... I have concluded, after additional study of this amended registration ... that had "6" been approved, ... the Debentures would have been rapidly "Re=Marketed" for the benefit of "rosies" chosen Participants' ... However, ... Judge Walrath made sure that "7" was Approved, giving the Reorganized WMI', ... now, as WMIH trading as COOP', ... to the Equity Classes ... and TO DATE' ... The "Debentures" HAVE NOT EVER BEEN REMARKETED ... So, ... back to the "either or above' ... I believe that once COOP hits $50.00 per share ? ... that the accumulated interest is able to be returned and the COMPANY' ... WMIH as COOP' ... will become in a position to Utilized The Original DEBENTURES', ... as Debt Collateral ...
I hope that helped explain yesterday' ... I ain't foolin' around here' ... never have been' ...
just sayin'
AZ
AI
