Goldcanyon,
The reserve is a provision set aside, pending the outcome of the Broadbill v. WMI adversary proceedings.
Essentially, if Broadbill wins that adversary proceeding, then the $337 is the amount set aside for DIMEQ.
If Broadbill fails, then that $337 is distributed according to the POR v6 as amended.
Hope that this clarifies.
The timetable for the adversary proceedings is currently moving forward, but I don't know when the trial will begin.
However, from what I understand, this adversary case must be decided before WMI can emerge from Ch11.... so Rosen is stuck until he settles or goes to trial against DIMEQ.... I think...
Best,
Jared
