Shareholders' equity:
Preferred stock
7,498,857 7,498,857 (108,750 )
(h)
(7,390,107 ) -
Common stock
13,088,962 13,088,962 (36,250 )
(h)
(13,052,712 ) -
New common stock
- - 155,000
(h)
- 155,000
(h)
Retained earnings - pre-petition
(20,770,849 ) (20,770,849 ) - 20,770,849 -
Retained earnings - post-petition
(645,627 ) (645,627 ) 79,151 566,476 -
Total shareholders' equity (deficit)
(828,657 ) (828,657 ) 89,151 894,505 155,000
Total liabilities and shareholder's equity
7,752,095 7,752,095 (6,530,728 ) (936,367 ) 285,000
Balance Sheet Check - - - - -
(a) Consolidated Debtors, WMI and W
notice the (20.7 billion) loss in pre petition shareholders equity..... why did WMI write it off?,,,, perhaps as the result of the GSA negotiations where WMI agreed to abandon the stock in return for 5.8 billion in NOL'S??????.....WMI stated in BK court 32 billion in assets -8 billion liabilities, or 24 Billion illegally taken from them and threatened a lawsuit against the FDIC and JPM for recovery.... WMI NEVER WENT THROUGH WITH THE LAWSUIT AS BEING TO COSTLY AND THEY COULD LOSE!!!!!!!...... so what was the quid pro quo from the GSA settlement between all parties?..... WMI got 4 Billion in deposits, 2.5 billion in Tax returns, and 5.8 billion in NOLS, making a grand total of 12.3 Billion dollars without having to go to court and might have lost!!!!!!!!!!!!!..... in this way, WMI recovered 12.3/20 billion, or 62% recovery without DOING NOTHING AND NO RISK OF LOSING THE COURT FIGHT!!!!!!!.... lawyers fees, and time alone would have eaten up WMI resources.......bottom line is this: WMI came out better than if they took JPM and the FDIC to court for a protracted fight for the 20 billion dollar claim they said was "stolen " from them.......thanks for posting this document......Lodas
