tcr7309, I guess you took it wrong...
...as I did not intend you to take it negatively.
...sorry.
...and I am not into the billions stuff.
...but, the "allocation" of the "litigation proceeds" was reported by the WMILT and "booked" and then WMIH and they "did not book it" but did footnote it.
...it caught my eye and I looked at the information I quoted in the reply to you.
...I have long believed that the WMIH allocation of litigation proceeds from the settling IT parties and noteholder participants was limited to 50% of the 5% holdings they had from the $10M offset RON / WMIH shares subscription (10M shares on 200M shares; 5%).
...it appears that, low and behold, the allocation was not limited to these subscriptions, rather, these 'players 'creditor claims to total claims. It makes sense in that the noteholders stake in the tranche (combined) looks to have been 45%+ and half of that is what was allocated to WMIH (net of the $3M reserve).
...again, no bad intentions.
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