This is in reference to potential payout of Escrow Share Account Owners.
BlueFox to your and others. Yes, this is part of the bankruptcy case that went on for years that you cite in your recent post. There is also much, much information that is under seal and there are also two months worth of totally confidential information that we will never know. This went on for two months.
If there was no money coming for our BELOVED ESCROW SHARES, there would have been no reason to change the Matrix of the payout. Yes, this is where the former Piers holders that tried to steal the 350 billion dollar former WaMu organization which included over 50 billion in CASH were penalized with a cap of $10.51 with ZERO ESCROW SHARES. This "cap" change was absolutely huge in the Matrix change for future positive developments for escrow shares.
The penalties for these former Piers holders appears to go on today with no money paid out to them yet, when there has been plenty of money to pay at least a couple of bucks a share but still a HUGE ZERO! By the way Willingham sits on the WMILT board for reason!
Ok, so there was a handful of people that were negotiating dividing up the 350 billion dollar former WaMu organization with term sheets signed and under seal. Does it make sense to a reasonable person that these people that were dividing up this 350 billion dollar organization would give everything of value away, take a handful of billions in tax attributes that would be very challenging and take years to possibly work? Does this really sound like what intelligent money people would do?
The next piece is nobody is hiding anything yet (cough-cough) because to make this correct and close on the 20.5 billion dollar 363 sale that NOBODY on this board wants to discuss. This is because most gambled when they were trying to unseat Willingham and it appears they lost HUGELY by going heavy on the Piers. You reap what you sew IMHO! After reading the documents over the last year or two and connecting the dots, the former Piers holders had equity zeroed out to the dollar EXACTLY after Piers. Folks, the following is huge.
In POR 6 the Piers were a hybrid which meant they were part creditor and part equity that had NO CAP! This entitled them to receive everything after the tax attributes that is hidden or not in the form of claims that are shown as assets in the POR 7 along with over-funded claims. Taking this cap off and/or placing a cap is a large part of this. Folks, anything in the future is just that so until these claims and tranches 5/6 are worked, there is nothing confirmed that MAY BE there and of course nothing is really hidden legally either.
Just know when we get to work tranches 5/6 or before the final P&A is closed out (unless delayed further) around the third week in September 2014, the 25 billion I discuss IMHO coming to escrow shares is neither, hidden, guaranteed or other because it is in the future. Just know there will be virtually very little litigation surrounding these future monies to be paid because if they litigated this, they would unearth all of the crimes committed by all of the players to date and folks THAT IS NOT GOING TO HAPPEN!
Also, the thought about trusting ANYBODY involving billions of dollars and this including judges, Presidents, Government, courts again, or ANYBODY is not only naive, but DOWN RIGHT SAD for those individuals! Look at what we have witnessed the last six years along with what goes on in current Government and someone suggests we trust former Government officials and judges has TOTALLY learned nothing and just does NOT get it. As the old sane goes, doing the same thing over and over and expecting different results is the definition of insanity.
