JHD
How could you document anything in a bk case about possible assets of 1031 exchange to a DST ?
ALSO a 1031 has to have an asset they are exchanging period, and as you know, one can NOT OPEN A TRUST with no assets, unless those assets are pledged to be coming to the trust.........................This was a perfect set up scheme to evade possible seizing of the bank or it's failure and the MOTHER WMI pulled it off excellently and in time we will see just how perfectly they pulled it off.........
""If something is truly off the books or within a private trust, then by definition there is no legal pathway for WMI equity holders to claim value unless it’s documented in court or included in the Plan of Reorganization. True or false?""
SO WMI's DST makes beneficial payments to WMI and they in turn pay their bills just like anyone else does.
I stay grounded 32-8='s 24 of the 86 bill DR A or the 200 bill outside the FDICK's pie chart
Even at he lowest number 24 bill is 2.4 x's face, HLCE for many here.....for others it is a very nice cushion.
The best evidence that there is money left is
1. THE DIPS hold huge amounts of TPS P K( and were caught using INSIDER TRADING) Now to risk it all for worthless paper me thinks not.....................
2. Underwriters hold ONLY CLASS 19 and fought very hard to stay there and spent millions to maintain their positions. SO one would have to believe they are IDIOTS and just throw money at lost causes......
3. Why did TPS fight 3 yrs to get 70/30 changed to 75/25 when it was worthless paper.........
4. Why would anyone change the % rate from 7.75% to 6.875% on a worthless prospectus in a P shares.
hard spelled out EVIDENCE, no IT'S NOT but imho it AINT NO KOWINKIDINK EITHER
Those assets ARE and WERE WMI's and WMI WAS OWNED by shareholders (EQUITY), so we owned them buy owning WMI
TIME WILL TELL AND TIME TELLS ALL and hopefully we will both still be around to see how it turns out.
SHELIA was NOT after an empty bucket when she went before the SEN SUB COM on banking, BEGGING to be able to seize the HOLDCO WMI
And JUSTIN was no rumor if you were on the call that day you would have heard it first hand and he tried 3 diff times
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