The systems test was the conversion from wmi shares to wmih......The share distribution was a mandatory. There is no accountability if you got them or not nor do they care. Any issues would be with your broker and you. As many have found out some brokers just removed them from the accounts. Will there be a cash distribution hope so....if this is so it will go to the home address of the account not to your broker account. As Piers receivers have.
The last thing that will happen is the 3.4 billion distribution wmih will make on the release escrow accounts. When should that happen now, so a purchase can be made......WMIH should not wait for the 2.5% from assets.....
2.7 billion ready for distribution is the 1.88 cash that JPM paid for WMB cash.....JPM was ready to go after that if the DOJ went after more money......The indemnities that JPM has have been settled with the closure of the P/AA...soon find out.
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