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David West

07/06/18 4:23 PM

#525201 RE: Large Green #525194

Also, I think the key to your argument is that any value in WMI or in WMIH ultimately rests in the value of the share, and has nothing to do with shareholders before or after the bankruptcy. If there is a mechanism for keeping a disbursal separated from those shares purchased after our WMI shares and all of our WMI rights affiliated with those shares was cancelled, WMIH has it figured out.