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wamugold

09/03/18 4:40 PM

#536184 RE: LuckyPanda #536182

I hope is either option 1 or 4 I want this to end good or bad. Its been too long.
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jerrylev

09/03/18 4:42 PM

#536185 RE: LuckyPanda #536182

LP, two things:

- Safe Harbor assets are not for class 17 which will be paid by FDIC through the 40B of assets that it retained. The SH assets if they exist, will go back to the Liquidation Trust to be liquidated and the proceed distributed to escrow.

- After the trust pays PIERS, it does not just disappear if there are assets to be liquidated and the proceed to be distributed. The 67M from the fund for disputed claims will be distributed first or the trust can wait until all money is accounted for and nobody knows.
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AZCowboy

09/03/18 9:06 PM

#536230 RE: LuckyPanda #536182

~ LP, Your Scenario # 3’ Is Probably The Closest ~

3) WMILT pays off PIERS and the 40 mil to escrow and does not cancel the markers and thus acknowledging the future return of safe harbored assets.



... This is basically what the 08/30/2018’ WMI-LT document says the LT is going to do’ after all’ ... when applying the Approved Plan 7 and it’s Disclosure Statement, as well ...

... The WMI-LT is specific to WMI’s Reorganization ... which has already been mostly all paid for, with all WMI “Cash”, ... the Piers are still owed a couple of bucks’, ... However, there’s truly nothing that the WMI-LT is able to liquidate ... there never has been’

... And, the most recent WMI-LT’s SEC QSR Report gives us the current numbers left over in the LT to be RE-Distributed ... (it’s not a lot)

... “Tracking Markers” are a depiction of ones Original WMIIC & WMI Class of Ownership ... 21’s, 19’ P or K’s, and wamuq 22’s ... the 21’s Tracking Markers were WMI Class 12 and are now gone ...

... LTI’s are a depiction of ownership of an “Interest” in the WMI-LT, and will dissipate with the ending of the WMI-LT ...

... In my opinion?, what’s important is that ALL of the claims are finally all being put to rest ...

AZ