Boris.....you are IN COMPLETE DENIAL of the facts... did you read any of the official filings that I posted?....you DID NOT!!!!! if you did, you would discuss these facts, as follows
(1)... preferred and common shares were deleted and removed as a result of the chapter 11 signing
(2) equity claims 19, and 22 were given stock in the new company in return for the old shares they had
(3). WMI took over 8 billion in NOLS and wrote off over 6 billion loss in shareholders Retained Earnings
(4) classes 19, and 22 are impaired, meaning that they gave releases when the value of the claims were below the value of the underlying assets of the company
(4) The GSA resolved all outstanding issues among the various parties and each received RELEASES for the claims
(5) WMI received 6.5 billion in settlements for their claims against the FDIC, and JPM with which they settled with all classes of claims up to class 18, 18 was impaired as some of the claims were denied
(6)Title to all assets after claims were settled belong to WMIH as Grantor of the Trust of the Wmil-T
(7)WMI states that with the closing of the chapter 11, NO FURTHER OBLIGATION TO SETTLE MONETARY CAIMS WILL BE MADE
(8)..MFAQ STATES THAT THERE ARE NO OFFSHORE, SAFE HARBOR ASSETS AND THAT THE MESSAGE BOARDS AND SOME PEOPLE WERE POSTING SPURIOUS STORIES THAT THEY exist
(9) here are the facts:... WMIH exited chapter 11 with 76.6 million in cash from all sources, entered an agreement with KKR for 600 million in return for dividends and preferred shares to fund the purchase of Nationstar...
( 10) the WMIH 2015 10-q states that WMI had 37 million dollars IN TRUST, and about 525million in RESTRICTED CASH, as a result of the loan by KKR
(11) there are no other TRUST FUNDS that were not disclosed to the court.......
(12)... LIBOR will result in minimal returns if any and will be absorbed by the FDIC which is still holding 14.6 billion dollar LOSS ON WAMU'S BALANCE SHEET
(13)..... I could go on and on.... BUT WHY DONT YOU GUYS ADDRESS THESE ISSUES INSTEAD ABOUT RETURNING ASSETS?.... ESCROWS WERE REMOVED AS WORTHLESS COUNTING MARKERS WITH NO INTRINSIC MONETARY VALUE.....
(14)...... address the above issues before you go off on me as being stupid, old, a mole, paid basher......I am waiting for any one to respond to the above issues in a polite manner... if you diss me, it means that you did not read the filings, and are in DENIAL of the FACTS.........your response?... anyone?..... Lodas
