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Sunday, July 24, 2022 2:43:00 PM
Please realize on the (ED) Effective Date of 3/19/2012, investors who signed timely releases OWN the former WaMu Estate even though at some point WMI which is a (DST) Delaware Statutory Trust with William Kosturos as Trustee MAY end up with most original assets as THEY MUST PAY the investors who signed timely releases for them all in my view
The following is the EXACT process the Perps would have used if they had zeroed out Equity BUT THEY WERE CAUGHT and had to include Equity in Amended POR 7. This should turn a major lightbulb on for some investors who have not understood the PROCESS...AGAIN, FOCUS ON THE PROCESS
PRE (PORs) Plan of Reorganization – All Equity Canceled
Tranche One………………….Claim Paid
Tranche Two………………….Claim Paid
Tranche Three………………..Claim Paid
Tranche Four…Claim Paid…All designed and purposeful spoils/leftovers go to Piers investors who invested a minimum of two million which was purposefully designed to be part (Hybrid) Creditor and part Equity so they could legally receive all purposeful left-over spoils
——————————————————-
FINAL Amended POR #7 Signed 2/23/2012
Tranche One………………….Claim Paid
Tranche Two…………………………Claim Paid
Tranche Three……………………….Claim Paid
Tranche Four…Piers (Hybrid) Part Equity/Creditor…CAPPED/Paid-Nothing More
Bk cases terminated on 1/23/2020 – WMILT Legally canceled on 12/31/2021
Expected to finalize Ministerial Details by 3/31/2022 according to filing
I Expect Distributions by 12/31/2022 but more likely between NOW and 9/30/2022…end of the third quarter
Tranche Five………………….15B Bonds Not Paid Yet-JPM/FDIC Responsible
Tranche Six……………………Preferred/Common Equity Interests-Receive ALL prposeful Leftovers/Spoils by design
xxx
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