FROM EXO
Scul why do you need someone to explain to you again? Let me explain.
In the chapter 11 bankruptcy there was the debtor in possession part and bankruptcy remote part. Are you following? 2 parts, not one, say it with me 2 parts. Good job baby girl. The debtors in possession paid their lawyers, business people $1,000,000,000.00 + during the course of the bankruptcy ( sorry the big number is 1 billion dollars plus). They paid off the debtors in order to close the bankruptcy...So now the debtor in possession part is now legally over, done, finished, past tense ect... Understand? Go back and read it all over if not..
The second part ( remember that from earlier) was bankruptcy remote!!! In other words not part of the bankruptcy, separate from, hence the second part. This is where we stand now going forward. Since this was a chapter 11 bankruptcy they get to reorganize and continue, stay alive, carry on business. There ARE ASSETS that the court could not use (look at, take, sell...because they were protected from the debtors hence bankruptcy remote. There were so many ASSETS the FDICR went to congress to change the law. Congress did but only GOING FORWARD!!! so those ASSETS still belong to the poor old old shareholder) So now we have all these ASSETS that we KNOW ARE THERE, but are protected in such a way that the company has not YET given back to their owners. No one can penetrate the corporate shield or the MANY TRUSTS that have those ASSETS. Following?
So only a few corporate or fiduciary people know how much money is in those trusts (or SPE's specialty purpose vehicles) and they have not told what is there!!! Reread the last sentence several times!!! Now do it again!!! Since they were protected they do not have to legally say we have XYZ.
Let me repeat, WE know there are ASSETS but they were protected from the debtors and for our benefit in such a way they do not need to say we have XYZ in this trust... That is why some can say 1/2 truths and cry... The funny part is old share holders should know the truth and still can not buy or sell any shares. So the lies do not affect the outcome of billions or hundreds of billions that old share holders will receive...If you think the FDIC cried 3 weeks after the theft of WAMU to CONGRESS and that was not a important FACT then go on with your belief that nothing is coming back, I just will not believe you but that is just me.
"Well, maybe LG at some day will explain to me, how a DST can exist without the WMILT *rofl*"
DST is Delaware Statuary Trust. Most all businesses use Delaware... To save time and effort look it up. ROLF There are many, many, many , many trusts because they structure them to protect them from predators or bankruptcy's as in this case.
WMILT Easy simple answer, something different that you should know or not know and it still will not affect the outcome...hahaha
Things happen behind closed doors, nonpublic information, trade secrets, Delaware trusts, Courts redact information all the time yet we live in a free society. Just because something does not make sense to you does not mean its not true. The Earth looks pretty flat to me when I was a kid but now I grew up. I learned, studied, saw pictures and now know... tadaaa the Earth is round hahahaha My opinions are mine and I share them freely.. Take them or trash them as you wish to help you understand even though I think you do but will not accept the truth because it does not fit your agenda. I have never been to space so the Earth is round... Here is another picture... That is not real boohoohoo Facts do not matter right???
I am stepping away. Those that know, know. Those who do not seek the truth will never find it!!!
Have a great day!!!
EXO
