Class 22 owns WMIH (the Former); • $43 Billion in unaccounted for assets. • FDIC claim for WMB and it’s Assets. • Other Assets.
Class 19’s claims are satisfied with the Retained Earnings of ~$27 Billion, 75/25%. That is why APR was removed. That is why Class 22 was able to participate in the reorganization process and receive NewCo shares.
How else can the TPS claim be satisfied without the February MOR Retained Earnings? No one has answered the question!
The TPS are no longer backed up by any Trusts. Hence; The Exchange Event.