7B paid to class 2 alone plus 300M something to class 17 plus 100M something to PIERS...
Anyway, it does not make sense that there is exactly that amount of money remaining in the Estate to pay the creditors and then there is Zero left. That's what the HF creditors used to claim in POR 6.
So alright, what remains is not ZERO for sure but at the same time it is not 299B either.
The documents that Justice and you have shown a couple of times, give the best documented estimate of what we can be paid and it is around 24B after everybody is paid and then we don't know for sure how much are assets vs cash.
Hm i went over the report and I saw what everyone was trying to tell me about the cumulative part. My bad.
But that was not my point.
My point is about the trust.
If wmih survives that means we have a trust for life earning interest from the scrutinized loans wmih does from the mergers & acquisitions.
Now I understand why piers can't get Paid. Wmih has only run off notes to pay piers
Wmih has no business so kkr & citi support it.
Wmilt still dribbling cash but nothing significant really because wmih has no Loans to scrutinize.
Then merger with Nationstar.
NOW wmilt will have earnings because Wmih will be scrutinizing loans (which we have interest in)
Then piers gets paid 4th quarter earnings Because we are scrutinizing over $500 billion in loans from Nationstar.
This is IMO our fair and reasonable.
Or the cherry on top to fair & reasonable.
The note below talks about the second disbursement of LTIs.
Additional LTIs will only be issued to holders of subordinated claims and equity interests if proceeds exceed the face amounts issued to current LTI holders.
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