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Wednesday, March 08, 2023 12:57:04 PM
OK, so let us parse this out per sentence and/or comma. The following is what a Poster copy/pasted from the filing and hopefully he did not omit or change words.
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~ BoardDork That's Correct' ... Here's ONE' ("Cowboy Released") a Public Nugget Regarding (XXXX) ... WMIH, the Sub, now trading as COOP, ... where, the Mr Cooper Group IS', ... the sub of a sub of' (XXXX) ... ~
As further described in Item x.xx below, WMI Washington consummated a reincorporation merger (the “Reincorporation”) with and into its wholly-owned subsidiary, WMI Delaware,
pursuant to the terms of an Agreement and Plan of Merger entered into between WMI Washington and WMI Delaware on xxx, xx, xxxx (the “Merger Agreement”), which is attached as Exhibit 2.1 to this Current Report on Form x-x and incorporated herein by reference.
The effective time and date of the Reincorporation was 8:00 p.m. Eastern time on xxx, xx, xxxx (the “Effective Time”).
As a result of the Reincorporation, the registrant is now a Delaware corporation.
***NOW READ VERY CAREFULLY AS ALL WMI DID WAS CHANGE TS NAME***
[ xxx ] In addition, at the Effective Time, WMI Holdings Corp. changed its name to WMIH Corp.
The Reincorporation also resulted in the changes to the directors and officers as set forth in Item x.xx below.
A) On March 19, 2012, the Effective Date, WMIH WAS BORN
B) The ED separated ALL SAFE HARBOR, BK Remote assets other than what was specified and distributed
C) The ED ALSO allowed WMIH to move forward as a stand-alone publicly traded company
D) The very important FACT with the ED is there was an Ownership Change that specified what was owned by those who signed timely releases and backed up by an 8/01/2012 8K filing showing Preferred Equity Interests and Common Equity Interests which own the former Estate at the ratio of 75/25
WMI Delaware will continue to operate the business of WMI Washington as it existed immediately prior to the Reincorporation, and the fiscal year, accounting, location of the principal executive office, assets and liabilities of WMI Washington remain unchanged.
A)The big difference here is ALL Safe Harbor assets were not included with WMI and/or WMIH on the ED of March 19, 2012, as Safe Harbor BK Remoter assets are not allowed to be discussed in an active BK case as prove by Justin Nelson 34B entry but slammed down by Judge Walrtath and almost sanctioned
B) When WMI was freed up on the ED of March 19, 2012, and then named WMIH this freed up WMI (or XXX as shown by another) to become a Delaware Statutory Trust that has ALL SAFE HARBOR ASSETS that will be totally private and those investors who signed timely releases at 75/25 will become owners of WMI and/or XXX when this entity issues PRIVATE PLACEMENT SECURITIES to those investors who signed time releases by March of the year 2012
Yes, ... "the Mr Cooper Group" as COOP', ... is a sub of a sub ... "the assets and liabilities of WMI Washington remain unchanged" ... sound familiar ? ...
***THE AFOREMENTIONED IS HUGE AS NOTHING HAS CHANGED OTHER THAN ITS NAME FROM WMI TO WMIH***
***IT APPEARS TO ME THAT WMI (in the name) MAY HAVE BEEN FREED UP TO USE AGAIN MAY WMI HAS BEEN FREED UP TO BECOME THE GRANDFATHER TO WMIH WHICH IS THE EXACT SAME AS WHAT WMI WAS INCLUDING ALL ASSETS, ADDRESS AND OTHER ***
***THEN MAYBE WMI IS A DST THAT ISSUES US THE PRIVATE PLACEMENT SECURITIES AFTER IT TAKES CONTROL OF THE CASH PILE THEN WMIH BECOMES WMI DOWNLINE SUB***
THE FOLLOWING IS THE FILING ON THE MERGER
https://www.sec.gov/Archives/edgar/data/933136/000119312515186101/d924385dex21.htm
"1.1 At the Effective Time (as defined below), WA WMI shall be merged with and into DE WMI, the separate existence of WA WMI shall cease, and DE WMI will be the surviving corporation of the Merger (the “Surviving Corporation”)."
xxx
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