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Tuesday, March 28, 2023 1:31:40 PM
Those who released were also granted Restricted interests in BK filed #1.... legacy WMIIC
So in the few years after the 2012 BK reorganizations of both WMI and WMIIC (jointly administered), that is why you read references to a WMI WA.....and secondly a WMI DE in the reincorporation merger - because there were 2 bankruptcies. The MB pumped the legacy inheritance from only BK #2 ...WMI (aka WMI DE), to distract you from BK #1, WMIIC (aka WMI WA).
There are 'Restricted' legacy interests held privately in the name of those who released regarding untradeable (only inheritable ownership) interests inherited through Bankrucy #1 WMIIC (WMI WA), in addition to what you received openly through your interest in BK #2 the WMILT trackers and WMI DE now COOP shares.
And by the way, "eliminated upon consolidation" does not mean extinction. It is an accounting term in Mergers by which the historical consolidated accounting connection between the parent and sub, is officially severed. This is how they have hid the sausage. No longer consolidated, but now separated accounting between parent WMI, and its sub WMIIC.
One private, one publicly traded.
'watch how they wave the magic wand publicly in SEC documents and eclipsed the big dog' from your view, until they're ready to rock and roll. Can you say sleeping giant?
This is knowing what you own
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