see the first set of financials the trustee of the WMI LT put out
ask anyone who owned PIERS
we got a letter saying they know we owned piers but we did not yet have an LT interest
after a while we got an interest and a number in our quarterly like letters
after another while we got a 1099 out of the blue with some percentage of our "interest" (LTI) as income that year - not receiving a dime in cash
a call to the accountants and the trust etc. and as many if not all PIERS holders will tell you ----- the 1099 was the sign that the TRUST believed it had the ability -- in the future --- to pay PIERS LTI holders money ---- but even then - two years or so after ..... the math did not cover 100%
since then more denied claims that free up cash based claim reserves - a D/O settlement and some state tax refunds and its IMO 100% that we will get paid - and IMO some will remain for equity
re proof you asked of LEX - we should all agree the LT is the place where money will flow from --- read their financials
If the POR is not enough - then read the LT financials
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