Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[TWACOWFCA]

Thank you 56Chevy

How do the Debtors get to the minimum 9%recovery of $74M? Is this assuming that DIMEQ is in Class12 for the full $337M recovery ahead of WAHUQ in Class16? Then, if DIMEQ is deemed to be equity, wouldn't the WAHUQ recovery be $74M+$337M= $411M?

Allowing for three extra months of Post Petition Interest at $15M/month, the midpoint of the Debtors estimate of $14M to $16M PPI per month, the WAHUQ maximum recovery would seem to be $411M - $45M = $366M. That's $116M more than the maximum projected recovery of $250M. Where have I gone wrong?