MY VIEW-ENJOY - First Bucket of Returns – 2.5 Par Plus Preferred/Common Share Issuance By Yearend 2021
1) Remember, Amended POR 7 tells us Book-Value needs to be paid and other assets which have not happened YET and would need to happen BEFORE WMILT is OFFICIALLY DISSOLVED
2) I believe the “SOURCE” will be spot-on correct concerning amount/shares then I say by yearend 2021
3) Old & Cold investors who signed timely releases by 3/2012 I believe need to be issued shares to bring ownership back to > than 50% to ensure between 15 to 30 billion more in tax attributes as there was deemed to have been an Ownership Change on the (ED) Effective Date of 3/19/2012 which will be reversed when shares issued to Old & Cold investors
4) WMILT has not been dissolved and appears to have an extension until 3/2022 so at the very latest I believe distribution would have to happen before 3/2022. I tend to believe we will see a filing discussing share/cash issuance to Old & Cold investors between now mid-November/2021
5) Most know that I have always said a (DST) Delaware Statutory Trust plus other (MBS) Trusts/Certificates will play a vital role in our future distributions and since all litigation has now ended with Alice’s agreement the DST & MBS Trust/Certificates will need to make distributions on monies that it has made.
So, trusts at a minimum MUST make distribution on the incomes(s) it earned in 2021 to us the ultimate beneficiaries of the DST, WMI liquidating trust. Since it's the end of the road and NOT DISSOLVED YET, the DST, would ALSO distribute the "principal" part back to its beneficiaries – the Old & Cold investors who signed timely releases by 3/2012