Johnny, thank you for your input. Here are some things we know. In year 2008, it was illegal to take the holding company (now legal), so one would have to believe the lawyers gave everything away, nothing left in court registry accounts and the entire case ends up even. This, I find not only preposterous but if this happens highly illegal. I do not believe it ends this way.
All Creditors have been paid except for 49M owed to Piers which WMIH is NOT responsible for and the Piers only get paid from income tax refunds and WMMRC run-off proceeds.
So what we have left is the bonds 17A/17B in tranche five which we know according to the POR that the bonds are JPM's responsibility and JPM's releases are deemed automatic upon distribution so the Bonds have been dealt with and are not an impediment to distributions or this case moving forward.
The only other issue are employee claims which have also been dealt with and have "set-offs" in the event the courts allow payment so these too have been dealt with accordingly.
Let the distributions flow...