~ Nosch, You Are Welcome, Thanks For Continuously Being Involved Here’ ~
Az...thanks a lot for your infos!
You says the GSA between WMI&FDIC must be completed .
”Yes, that is correct ... The Global Settlement Agreement, originally only between WMI and the FDIC, has not yet been completely fulfilled ... the FDIC still has its portion of the original settlement to complete, as was originally agreed upon ... (reference to docket # 5885, specifically footnote # 2, and docket # 9901)” ...
But WMI dont exist anymore.
”Well ? That is debatable ... WMI Reorganized into WMI Holdings Corp, ... and then transitioned into WMIH, which remains the financial derivative of the original WMI parent corp., through to today ... We’ are trading as symbol COOP” ...
So IMO it is the LT who represent former WMI now.
”Well, only as far as the WMI Plan To Properly pay off WMI’s Plan 7 Allowed Creditors Are concerned ... (Tranche 4 is now complete as if 02/25/2019)” ...
But the reorganized WMI is now COOP! Right?
”Yes, please see above, We’ are trading as COOP”’
And BECAUSE some part of old WMI is still in ch 11 modus COOP cant grow up or do what they want at THIS time.
”Yes, again” ...
Class 17 is JPM issue we know.
”Yes, the WMB Class 17 Fixed Income “Corporate Bonds” will ALL transition to JPMC along with WMB”
So, which rocks are still blocking our road.... after hell?
Expect Griffins... actions?
”Nope, In My opinion this was simply a last ditch TPS effort to disrupt Plan 7, and maybe cause a delay, but legally ? nothing seriously problematic, ... simply an example of sloppy work product and a poorly researched submission, this group missed the Standing Order”, and griffin originally promoted the TPS voting package insert, back in 2012’, requesting that people vote against Plan 7.
So IMO the whole delays also disturbs the bosses of COOP!
”Please see below”
Good Luck from Europe!!
”Thanks”
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With a Plan 7’s approval, ... a Class 19’, WMI preferred purchased on the Secondary Market, as well as the Class 22 WMI Common Shares Survived ... with Plan 7’s approval, the D.C. litigation was continued to settlement ... “Globic”, was settled in August of 2016’, and then went to Judge Clasters Court for a final approval in June in 2017’, ... and its settlement requirements completed on 12/31/2017 ...
It is, and has been my conclusion that the “Accredited Investors” (brokers, banks, and the wealthy moms and pops), ... began receiving their monthly ABS-Cert derivative returns in January of 2018’ ... and subsequently every 25th of every month ever since ...
... the TPS remain dissatisfied with their purchases of the Cayman REIT HELOC supported financial trash, ... as these returns are a mere fraction of what was originally speculated ... these REIT HELOC’s were never first lien or asset backed ... again speculative financial trash, and as is documented, ... the TPS were never interested in a “recovery”, the TPS was interested in a disruption of Plan 7’ ...
So when Kyle failed at a documented attempt to disrupt Plan 7’ ... ? ... the TPS watched until the last of the equity claims *(the Adversarials), were shown “(closed)” on the morning of 03/22/2019’ ... and then their objection was filed against the only equity claim able to be questioned on the same afternoon, ... 03/22/2019’ ... (the griffin tantrum) ...
Here’s what’s important, ... Plan 7’ will “Obviously” not be disrupted ... the litigation process has been long and grueling, ... however the submission of Docket # 12499’, ... was truly the beginning of the end ...
AZ
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