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wildboarhog0

10/07/14 12:56 PM

#406347 RE: AZCowboy #406346

;-)
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bkshadow

10/07/14 1:33 PM

#406355 RE: AZCowboy #406346

Leave WMIH Alone...is the Point.

Our debtors representation' throughout the bankruptcy proceedings' ... spent countless hours and court room appearances and representations, attempting to prove to an unwilling audience, that the shareholders equity, assigned to WMI the parent, (class 19 & class 22) were of zero value ...

... Our debtors representative' ... within' his continuous attempts to diminish equities value to a zero level' ...were misleading at best' regarding equity's valuations ... I believe, that has become quite obvious at this present day'



Totally agree.

Then, via the GSA and other measures, they 'took everything to satisfy JPM, the FDIC and the WMI bondholders, and even parsed out hundreds of millions to others that really didn't have standing; all with the goal to evaporate values to "cut off" at or close to equity.

If one believes such, then it is clear WMI has been "stripped" of its assets, other than the deposit account and a piece of the tax refunds; only to an extent to take care of noteholders.

Equity got "won" a HARD FOUGHT right to continue in the reorganized debtor, WMIH, with some token $75 million non-concession AAOC funds, a $125 million bondage credit facility and "control of the BOD" and to some extent the Liquidating Trust (and Litigation Subcommittee).

"Then," "WMI" is over, the WMILT is doing what such vehicles do; wrapping up recoveries and settling claims. The NONSENSE that is put forth, fine and dandy as it might sound, has NOTHING TO DO WITH WMIH.

That is the point. "Now," "WMIH" is the FUTURE, it is what lives, breathes and can grow. Such new beginning has NOTHING TO DO WITH WMILT.

When the "then, WMI, WMILT" pans out as disclosed nobody should scorn "now, WMIH" and its FUTURE.