~ Well, … I would have stated this in a different manner ~
… ALL nine Trusts (cusip specific determinative) … function in the same manner …
1) only 3 of the Nine, are cusip applicable to a WMI 2012 “Release to Participate” Document, dictating ones amount of individual retail’ ownership of WMI’s equity …
2) none of the nine ever converted to an “originator”
3) none of the loans eliminated were ever able to be replaced …
4) servicing fees and interest accumulation was set up to not need to be SEC reported by WMIH …
5) once they are able to release their accumulation of interest, … ALL nine Trusts will release their financial accumulation simultaneously,
The WMB Note / Euro Bonds, … and the LBHI class 10b CT’s function in the same manner, plus some other WMI affiliated financial entities …
AZ
Bullish