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Re: xoom post# 697250

Sunday, 10/23/2022 12:28:48 PM

Sunday, October 23, 2022 12:28:48 PM

Post# of 729614
read the link that I posted....is there a second Trust mentioned besides the WMIL-T, which IS THE SUCCESSOR TO WMI assets.?..all assets of WMI placed in the WMIL-T trust... one Trust, not 2 trusts, but one trust....if there is this hidden second trust, as you say, whose name is on the beneficiary?... shareholders, or WMI?....what in heavens name makes posters on this board think that that money belongs to them?????....this was a simple chapter 11, not chapter 7 liquidation of the company... why does WMI have to file a Certificate of Dissolution, as Newflow suggests?... the company is still extant, and trading as coop... why do they need to dissolve?...and give money to old shareholders?...they already gave old shareholders a stake in the new company... Sussman , and Willingham agree that the results of the mediation was Fair and Reasonable...the document I posted says no more recovery to class 19, and 22, as they are impaired... does it say that this impairment will be remediated by a second DST trust holding hidden money?...I can't speak for hedges who were caught with insider trading, but IMO, the "get out of jail card" was that they forfeit any monetary recovery in class 19, in return for the judge not to recommend insider trading to the SEC....its all in the filing... read it closely... Lodas
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