~ 2221, Yes I'll Give "IT" A Go' For ALL The WaMu LongTimers ~
... Please Read Carefully ...
What Is Now Coming ?, is going to be a derivative of, ... ~ Know What You Owned ~ and ~ Understand Plan 6 "Participate" In Plan 7 ~ ... (plus, all of the rest' over the years)
First; ... Disregard the current financially insignificant' WMI-LT, the WMI-LT did a very good job of making everyone believe IT' was driving the complete legal process', ... but it wasn't ... back in the early days, the WMI-LT had me going in the wrong direction as well', ... but Thankfully, I learned early on what the WMI-LT was up to' ... basically NO GOOD regarding the Equity Class Retailers' ...
NO, NO LTI's beyond Class 16, ... NO 75/25 ratio of distributions for ALL that was WMIIC / WMI, ... There's Nothing QSR Reported, and Financially Relevant Left in the WMI-LT ... and ... Currently The WMIIC / WMI Bankruptcy Cases have now been Closed, Completed, and Approved By Judge Walrath ... Yes, Plan 7 has been fulfilled, and was NOT EVER ABLE TO BE "disrupted" ...
Second; ... Understand that since the WMI-LT NEVER Issued ANY Of The ESC Cusips, including your own Equity Class ESC Cusips, ("Tracking Markers"), ... The WMI-LT CAN NOT Cancel any of the "Equity Class" Issued ESC Cusips (again represented by your, "Tracking Markers")
Third; ... WMI the Original Parent SHELL Corporation Filed For Bankruptcy, and was Reorganized with Plan 7', and, paid off all of its Creditors with its Cash on hand' and its Tax Refunds' ...
Fourth; ... So, Here's The Question ?, ... What Exactly Did You (and me') receive for your "Class Specific" WMI Plan 7 Release Submitted per 41.6 ? ... You (and me) Received A Class Specific "Election Account" ... plus ... your shares in the 03/19/2012 reorganized new company, ... WMI Holdings Corp. ... now being called *Mr Cooper, trading as symbol "COOP"
Fifth; ... Do NOT' miss the Class Specic (Cusip Designated) "Election Account" that was issued on your behalf ... That Is Where the returns will be calculated from, now that the Bankruptcy's have been formally closed ...
Sixth; ... It took a Corporate Action to place your holdings into stasis' (into a holding pattern) ... with the transition of your "Election Account(s)", ... and, ... it will take another Corporate Action to free your Account(s), Now That The WMIIC / WMI Bankruptcy's Have Been Court Ordered to be "Closed" ...
Seventh; ... As of this morning, the WaMu Related ABS-Certs that I track are labeled "revised" as of 12/24/2019 ...
Information That I Have Already Posted' ... All' Variable WMI Accounts were originally transitioned' ... however, specifically to the Equity Classes, ... there were "8" transitional Class 19 accounts, "2" of which were able to be owned or purchased by a retail participant, ... and there was "1" transitional WMI Owners common share account' ...
... "WMIH" ... Is and REMAINS The Current Parent Corporation ... (that's important)
and the word that was used, which I stayed true to', was the word ... "eminent" ... in its adjective form referring to the word "distribution" ... I read the process documents, period', ... I do my best NOT TO READ INTO THEM' ...
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