Talking about Reorg, does anyone know anything about HS Loan Corp that WMI is going to be receiving?
How much is it worth, and how does it fit into the big picture?
The only thing I can find is an old court document indicating it was a sub of WMB/WMI and several thousand $ had been collected by HS Loan corp into WMB, owed to WMI. Fairly nebulous.
Any other subs likely to come back to WMI?
I think this initial offer is only the tip of the ice burg.
This post is my own opinion, and should not be relied on for your investment decisions.