PALADIN ACQUISITIONS COMPANY LLC is management for WMI non-Debtor Subs. The subs accounted for in both Plan 6 and Plan 7 Disclosure Statements.
WMI Holdings Corp Should be giving shares of it self Class 22 holders as the going forward entity. Class 19’s rewards are RE/DCR at ~2.5X, and another ~2.1X performance payment for the P’s. LIBOR bonus for K’s. TPS done at ~2.5X.
Yes I could have it wrong. PALADIN proves that the WMI non-Debtors Subs are alive and active. PALADIN raised capital from investors. Is that because WMIHC can’t release funds yet. Why did WMIHC need KKR? Same reason?
RE/DCR money has not been released. Yet!
ABS Trusts, the issuer was required to hold 15% minimum of their offerings. Think; Cash Flow.
Has someone ran off with our money? So far we can see no evidence of that.