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Saturday, July 30, 2022 7:16:45 PM
So, lets see' ... according to the WMI Preferred accounting submissions, as of 06/30/2018, (just ahead of the acquisition) most of the returning Cash received has been used' ... again, to pay off KKR's 3% quarterly coupon as well as the Run-Off Notes' ... that sub is being managed by WMMRC' ... which also then gets dissolved' later on' ... both', are dissolved' ... an important word' ... (the misunderstood PLR was referring to WMMRC also ... just sayin')
So, Two things come to mind, ... 1st; the Wrong Entity (the "wmi-lt") was filed against in March of 2019', ... (no one was this stupid', this was done on purpose) ... and the goal could not have been the Cash' ... ? ... right ? ... the goal had to be what was more profitable' ... the convertibility option' ... that's my opinion anyway ... that's where the profit is ... a preferred's conversion potential ... and that is why everything, the released' P's, K's, and uq's (common share ownership) was always kept separate' ... 75/25 to the end' ? ... "AYA"s credibility ? ... Uh, Nope Not Hardly' ...
AZ
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