It's all about CIC. Doc #5885 footnote 2, 5AT and the Recognized Debtor can use the NOLs until CIC is completed.
The BP site was not happy with AZ's and my posts regarding CIC, and kicked us off the MB without any warnings while conflicted potty mouth CSNY was and is still free to post on BP. Bobfan/CSNY is a consultant/contractor to all our advisories. I and others have seen her website, but I won't post it.
As AZ has pointed out that Collins and another from Finger back in 2009 started this delay process using the Employee Claimants.
?? How come this was not filed before?
DECLARATION OF JOHN MACIEL PURSUANT TO LOCAL RULE 3007-1 IN SUPPORT OF WMI LIQUIDATING TRUST’S REPONSE TO SUPPLEMENTAL BRIEF OF CERTAIN CLAIMANTS REGARDING WMILT’S MOTION TO DISMISS ALL REMAINING EMPLOYEE CLAIMS AND TO DISTRIBUTE DISPUTED CLAIMS RESERVE FUNDS
The Surviving Claims have been paid.
Allowance or Disallowance of the Surviving Claims.
In rereading 12580, it looks like Surviving Claims have been paid. See Exhibit A.
I see no reason for a carve-out from the DCR for Surviving Claims. Hope THJMFW responds fast because no carve-out is justified and to allow for distributions from this DCR.
IMO, CIC happened EOY 2018. The LT must distribute the CIC for "WMB and it's assets" on or before Feb first. Tranche 4 and Tranche 5 must be satisfied by this DCR distribution first.
Yes, IMO this whole EC delay tactic was all by design.
JOHN MACIEL and Special K of A&M? A&M has received payments from us Releasing Equity Holders for their work-product. Other attorney groups have received payments from Releasing Equity Holders. Payments are fulfillment of a contract. Did the parties preform in our behalf justifying the payment?
A&M. WG&M Rose FDIC/JPM AAOC UST DEL BK Court
Hint; Contract Law. Trust Law. Jail Time.
If these parties are acting together... RICO in the Court.