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Friday, 05/10/2024 11:52:46 AM

Friday, May 10, 2024 11:52:46 AM

Post# of 728554
WMI held assets in WMIIC, and also in 7 Trusts which were held by WMMRC... these 7 Trusts were liquidated by A/M , along with assets held by WMIIC, and placed in the WMIL-T for distribution to Creditor claims in the chapter 11.... so, why did WMI disclose, in court these non reportable assets which were not required to be disclosed...?...remember, there are some on this message board who say WMI hid assets in court, but WMI did disclose non required assets to be reported... so, the reason?..... when the mediation hearings ended, Susman and Willingham got a deal to include equity included in the chapter 11 bankruptcy... so, the SNL appropriated 75 million in cash, 125 million in credit facilities, and WMI used the value from the liquidation of the assets of WMIIC, and the 7 Trusts to VALUE THE 200 MILLION SHARES GIVEN TO EQUITY HOLDERS PARI PASSU..... remember, WMI states in their filings "all assets of WMI were placed in the WMIL-T for distribution to creditors and equity holders to settle the chapter 11...so, is WMI, now WMIH, trading as coop have any assets to return to former WAMU equity and preferred holders?...its been about 11 years since the chapter 11 closed, and no one has found such non existent billions upon billions of phantom lucre....Lodas
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