A Trigger and/or PROCEDURE Event Happened on 12/31/2021 when WMILT Legally Filed a CERTIFICATE OF CANCELLATION and Ministerial Details Completed On/B4 March 31, 2022
I also believe this trigger date will PROVE to be the event that eventually will allow for distributions on or before 12/31/2022 PASSES. This event is probably buried in some of the over 800 court-sealed and redacted documents
Charles Edward Smith and Doreen Logan served as the Trust’s administrators and have managed the winding-down of the Trust’s operations and its dissolution. In December 2021, the administrators filed a Certificate of Cancellation with the Delaware Secretary of State’s Office pursuant to which the Trust was canceled effective as of December 31, 2021. After giving effect to the foregoing, the Trust no longer has any active operations and the administrators expect to complete a full-winding down of the entity on or prior to March 31, 2022.
I firmly believe a TRIGGER EVENT happened on 12/31/2021 when WMILT Legally Filed a CERTIFICATE OF CANCELLATION and Ministerial Details Completed On/B4 March 31, 2022, since it would have been impossible to know dates/times many years earlier. However, an experienced legal team would have known the process such as WMILT would have to file a certificate of cancellation and/or dissolve at some point before the very end of the process BUT a Certificate of Cancellation happened first on 12/31/2021.
There is a HUGE difference between filing a certificate of cancellation and/or dissolving so read on
I have no doubts there are end-of-year tax attributes as well as New Year tax attributes that will come into play sometime before 12/31/2022 EXPIRES
3) COOP’s equity price has been undervalued for a very long time indicating something more such as shares to be issued to those investors who signed timely releases before March of the year 2012
4) As always, only time passing and filings will show us the way forward
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HUGE Difference Between WMILT CANCELLATION and DISSOLVING-REMEMBER WMI BECAME A WMI (DST) DELAWARE STATUTORY TRUST SO RESEARCH AND YOU WILL FIND THIS HAS TO DO WITH SAFE HARBOR/BK REMOTE ASSETS
WMILT WAS NOT DISSOLVED on DECEMBER 31, 2021 RATHER IT WAS CANCELLED...Read the following from WMILT
PLEASE NOTE THAT WHAT FOLLOWS IS A STREAMLINED VERSION OF FAQs RELEVANT TO WMI LIQUIDATING TRUST FOLLOWING THE RECENT FILING OF A CERTIFICATE OF CANCELLATION WITH THE DELAWARE SECRETARY OF STATE’S OFFICE. SPECIFICALLY, SUCH A CERTIFICATE OF CANCELLATION WAS GIVEN EFFECT AS OF DECEMBER 31, 2021. APART FROM CERTAIN MINISTERIAL ACTIONS TO BE TAKEN BY THE TRUST ADMINISTRATORS IN CONNECTION WITH COMPLETING WINDING-DOWN OF ITS OPERATIONS, WMI LIQUIDATING TRUST NO LONGER HAS ANY ACTIVE OPERATIONS AND HAS DISTRIBUTED TO AN ELIGIBLE CHARITY (I.E., ITS SOLE BENEFICIARY) ALL BUT A DE MINIMIS AMOUNT OF CASH AS CONTEMPLATED BY THE PLAN AND TRUST AGREEMENT (DISCUSSED MORE SPECIFCALLY HEREIN).
[iThanks to Newflow...READ THE FOLLOWING VERY CAREFULLY...SAFE HARBOR/BK REMOTE ASSETS, OTHERWISE THIS LAST LEG MAKES NO SENSE
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A certificate of trust shall be canceled upon,
the dissolution and the completion of winding up of a statutory trust,
OR upon the filing of a certificate of merger or consolidation
OR upon the filing of a certificate of transfer
OR upon the filing of a certificate of conversion
Option 1 is not satisfied in this case because WMILT filed a certificate of cancellation on DEC 31,2021 and further continued winding up in 2022.
So WMILT must take one of those remaining three options and we don't have any certificate of effective date here for one of those three options which were opted by WMILT.
As always, time passing and filings will show us the way forward...MUCH MORE (assets) to come
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