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Re: MadBadger post# 718756

Friday, 11/10/2023 3:28:27 PM

Friday, November 10, 2023 3:28:27 PM

Post# of 729907
I keep coming back to the Fresh Start Accounting Wmih 10-K, which, IMO, contains a fully comprehensive status of the financial condition, as expressed by certified auditors...... in the text, it says WMI LIQUIDATED 7 Re insurance Trusts (by A/M I am sure, as they were the restructuring agent for WMI), and placed these asset in WMMRC for settlement to Creditors....., with WMMRC as the sole surviving Trust with which the assets were valued to create the 200 Million shares given to classes 19, and 22......the spreadsheet displays a total value of approx. 34 million dollars. held in Trust....now, it is my opinion that ALL OF THE TRUSTS WERE LIQUIDATED to fund the Wmil-t, and no other Trust was held apart with assets that WERE NOT DISCLOSED.....as I remember, the question of WMMRC came up in the court in some context, but, I cannot remember what it was now, but certainly WMMRC was mentioned...so, my conclusion is that although billions of dollars were thrown around by so called experts, the values were just not there when the auditors made their numbers....WMIH even said that in the 10-K that the numbers discussed in court were vastly different from what the 10-K disclosed... is WMIH hiding money in this 10-K disclosure?... certainly that is a subject for discussion.... Lodas
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