After ten years and all shown pieces of facts that the Prefereds had Rights to be shifted to comons in case of more than four quaters unpaid Divies and the APR was agreed not to be included becouse the Prefereds allowed that and you come with your Nonsense about the In your Opinion?Its ok for me as I jnow that Law is Law and no Opinion can change that whatever the amount of the wishfull thinking might be be from you or other Wanna Be legalese in this or other boards together.No for nothing is called the APR Rule or the Golden Rule of the BK.................Next.
Re: Please see AZ's posts regarding COOP's removal of the 5% ownership restriction. The 5% ownership restriction was in place to protect the NOL usage by reorged WMI-COOP. Reorged WMI-COOP had the use of the NOLs until reorged WMI-COOP recovered from it's WMB loss. No more loss, no more NOLs.
Wow! This is the biggest news of the year. The NOL finally goes away.
Do you have any SEC filing to prove this HUGE news?