Yet again an attempt to alter the docs to suit a particular argument. WMIH received the equity interests in WMMRC but not it's assets, just like WMIIC. The run-off portfolio was valued at ~$140M which was virtually all pledged to the LT for payment to Run-off Notes (Piers), with any excess going to WMIH. They have no new business with only the existing portfolio being liquidated and distributed...NO BILLIONS left!
Quote: "The plan provides that Reorganized WMI (1) will receive $75 million, (2) is valued at $210 million (before it receives the $75 million), which includes $140 million for WMMRC."
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