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Re: user7770 post# 724508

Thursday, 03/14/2024 2:16:21 AM

Thursday, March 14, 2024 2:16:21 AM

Post# of 733162
Newflow has no valid question to ask, because if he had read the amended POR 7 document, it expressly state the answer to his question ... he is fishing on the message board in the hope of someone will corroborate his assertions... here is the answer to his question.... WMI disclosed both mandatory assets required by the court, and non mandatory assets not required by the courts.... to wit from the actual document.... WMI held 7 trusts , involved in the reinsurance of mortgages that were not required to be stated to the court, but they included them anyway because the assets were an integral part in funding the WMIL-T to pay creditors to close the bankruptcy, and also the funds in the 7 trusts were used to value the 200 million shares given to equity holders , as part of the chapter 11 closure...so, here we have WMI stating that non mandatory trust fund disclosure was used as part of the chapter 11 closing....This was all explained in the links to the documents that I have been posting for months now, but newflow does not read any documents, he just asks the same questions trying to game answers from any nitwit that will engage him.... YOU DID NOT READ THE DOCUMENTS EITHER... I can tell by your ignorance of the subject matter.... Lodas
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