What in the sam hell are you talking about?? LOL ....Your not no ordinary cowboy!! LOL Back too lurking... PS I do love your posts here! Just wish I was smart enough to understand some of them!!!
AZ, this is very interesting. So you are theorizing that the $600 million series B cash held by WMIH is not for aquisition but for supporting about $7.5 billion equity interest participation by WMIIC in the MBS trusts?
If theat is the case then, wouldn't the probate end of DB trust in 4th quarter of 2017 require WMIH to report the income from the earnings released from the probate? Shouldnt they have disclosed by now?
Also, what will happen when WMIIC is dissolved? I assume they will have to make full disclosure by then. It is strange that they have been talking about dissolving WMIIC since 2016 summer and it still isnt done. Clear proof that there are large assets in it - shouldnt take this long to dissolve it if it really had zero assets.
Quote..."Just Remember, ... The newly reorganized WMI', WMIH-Corp Owns 100% of the "Equity Interest" in WMI Investment Corp. ..."
Yes, but also remember the LT stated that they own the ASSETS of WMIIC in an 8K filing (I believe?). Without the ASSETS, WMIIC's Equity is worthless, just like WMI's Equity in WMB became worthless once the bank was seized by the FDIC.
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