"Now the LT is doing exactly the same thing. They came up with just enough money to pay 90% of PIERS. Then they have 100M to pay the lawyers, What they have left is 100M and that is exactly what is needed to pay misc claims and PIERS. " SCUMBAGS!!
I'm not concerned about the timing of any LT actions. For me, the moment the revised schedule was released that indicated scheduled hearings would enter into 2019 was the moment that keeping daily track of WMILT was pointless. Only concern I have with LT at the moment is the Disputed Equity Escrow and how the value of the remaining shares being held would be affected by the R/S and it's usage to pay remaining claimants or distributed among equity holders.
Right now I'm more concerned (low level concern) about WMIH/NSM/COOP and the valuation now vs post R/S. Valuation now by current pps is discounted at 16% discounted range. I was hoping for a valuation commensurate with the sector average post merger and pre-R/S.
Reference old post #514632 dated Friday, 03/23/18 10:48:51 PM
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