Ok here is my opinion... they don’t mention Nationstar in the Eclipse letter so Eclipse is the code name for NSM Merger. The letter was confidential prior to announcing merger. It’s dated Feb 12th 2018.
Wand needed to proof the 2.75 Billion credit line that would pay 600 Million to NSM shareholders primarily Fortress and the rest goes to extend terms for better financing of NSM (future sub of WMIH). I don’t see there anything containing dollar amounts for Escrow holders... if something else comes along with a value... Example: FDIC-R then excellent... but for good or bad we should get closure by Sept 24th 2018. (10 years of WAMU travesty).
Personally I have lots of preferred Escrow markers P, K... so I want badly as much as everyone else... More than the fact of the Eclipse letter is how on earth they have let a shell valued at 200 Million buy a company with 1.8 Billion market cap... and get 64% majority... that & all the Billionaires who are heavily invested in WMIH is what gives me confidence along with all we know regarding Trusts in Delaware... something good should happen to all of us... but I await just like everyone else for goodness to finally happen after 10 years of wrongdoing
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