If A&M is getting paid $2 million to manage $40 million in assets then the BK court needs to be petitioned about unjust enrichment on the part of A&M. It is very clear that that type of unwarranted compensation is barred by the rules of bankruptcy.
The 40M is just what is available right now and will be distributed soon, I think at the earliest on Nov 5-9 when PIERS will be paid in full but I think it is more likely in Feb of next year after the CIC.
This 40M although is tiny is a dry run for payment for escrow to come. In particular we want to see how the money will be distributed? By personal check via snail mail like KCC did for PIERS or by direct deposit (the preferred way)? We will also double check the mailing address that KCC has in its record.
We also want to know who will pay us? DTC. FDIC or WMILT via KCC?
We will see the disputed shares distributed and our escrow CUSIP at our broker will disappear. This will answer a lot of nagging questions about the meaning of those escrow CUSIP.
We will also see that the 40M will be split 75/25 between preferred and common. This will happen til the end and will kill the "common owns the Estate" theory.
But I doubt it because the S4V and "Eclipse is WMIIC" theories will live forever, long after we are paid.
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