I don't think so... why?....lets go back to the opening day when Wmi goes into chapter 11... they submitted a balance sheet with 32 billion in Assets minus 8 billion in Liabilities, making a Shareholders RE for about 24 billion dollars... but this was before the GSA agreement, o.k. so far...?... however, there were claims against those assets by the FDIC, and JPM that WMI would have had to go to court and sue for them...after a couple of years of going back and forth, JPM threatened to sue WMI for 27 billion dollars if WMI pursued their lawsuit....IMO, WMI was between a "hard place" and could not move forward with their lawsuit, so they agreed to a GSA.. the agreement was that WMI would get NOLS to abandon the stock in WAMU, which WMI did...what was the implication to abandon stock... it was the 20.7 billion dollars in Retained earnings that were reflected in the company, and the ESTATE.....so, IMO, WMI abandoned the estate to reach an agreement whereby 6.5 billion would be returned to them to drop the lawsuits, give releases to FDIC, and JPM (which got 650 million in the GSA)...this is why the (20.7) billion in shareholders RE was removed from the balance sheet..
the balance sheet as presented to the court would have been for all assets that WMI held at that time... if there were more assets somewhere, how could WMI extricate them from a balance sheet without disclosing them to shareholders?...the 41.2 (a), (b) of the GSA Termination of all former equity...all means all if not qualified by another caveat to infer there is something else...so, IMO, the estate is gone, and was forfeited to receive the NOLS....Lodas
