AZCowboy, you said the following:
From The WMI-LT QSR;
”A dismissal of disputed equity interests will result in a distribution to common shareholders of Reorganized WMI consistent with the allocation of, and manner of distribution of, common shares on the Effective Date. The shares and any cash that may be distributed on behalf of the shares are held in a separate escrow account that is not recorded as an asset of the Trust”.
... so neither the original “Equity Interest Claims” (known as the employee claims), ... or the Disputed Equity Reseve has ever been related to ? or associated with ? a Class 19’ ... again per the WMI-LT’s own QSR’ reports
So Again ... as QSR stated, the release of the DER is earmarked specifically for a Class 22 original releasing WMI Common Share Owner ... and per the WMI-LT’s Own QSR there is no 75/25 to the end and there will not be any additional LTI’s Issued
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1) Investors who signed timely releases by 3/2012, the math formula was created (75/25) and all former preferred (WAMPQ & WAMKQ) and common (WAMUQ) were converted to NewCo/WMIH common shares on 3/19/2012
2) The conversion on 3/19/2012 created an ownership change that resulted in 200 million plus WMIH common shares - no preferred as all were common shares. All former preferred and common prospectuses along with ALL associated documents were canceled on this same 3/19/2012 which is referred to as The Effective Date
3) The disputed equity shares will be returned to investors who signed the timely releases by 3/12 with the same formula that created the 200 million plus WMIH shares which are now COOP shares with the 12-1 Reverse Split factored in creates the 128,000 plus COOP disputed equity shares
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