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Wednesday, 11/02/2022 12:05:41 PM

Wednesday, November 02, 2022 12:05:41 PM

Post# of 730594
my question still stands unanswered.......who paid for old shareholders to be included in the chapter 11 in POR 7, when they WERE NOT INCLUDED IN POR 6?.........some entity payed 75 million, guaranteed a 125 million Letter of credit, and issued 200 million in new shares for old shares?... that is the question.... was it WMI?... or was it the hedge funds caught with insider trading?...why is the question important to answer?... if it was the inside traders, then it was a penalty imposed by the judge, after mediation findings by Susman as a "cure" for their misdeeds...if it was a cure, IMO, then they forfeited their future recovery, and thats why the chapter 11 closing states classes 19, and 22 are impaired.. secondly, could it have been financed by WMI? .. No, why?... they did not have a reason to finance their own way out of chapter 11, because they were not the ones caught with insider trading... ergo, it must have been the hedge funds who put up the money... and no, I am not a lawyer with WGM...this topic should be discussed because it is seminal to any future recovery.... discussions?.... Lodas
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