~ Roach, I've Been Thinking About Your Question' ~
Here's is the opinion I came up with, ... Now that "COOP" will be moving forward to include "WMIH and its Subsidiary's" as the "LEAD ARRANGERS" Have announced, ... originally the PIERS ended up being Court Determined to be a creditor to the WMI Holding Company', and so, they were TIME Calculated to a fixed amount of debt owed them (the $10.60 ish you mentioned), and subsequently were deserving of "interest" owed by the Holding Companies WMI-LT until they were paid off in full ... so, your 3X recovery would be a positive' ...
turn the page;
Your (p,k) Fixed Income Bonds, are cut from a different area of recovery', ... and since it was the WMI Holding Company that filed for BK, I'm able to reasonably track the WMI' common shares' through to the Plans Disclosure Statement', and forward as I posted Direct Text from the WMI Cap Trusts "TRUSTEE" yesterday' ... but the P's and K's are a bit more difficult'
"Postpetition Interest Claims will continue to accrue until the Effective Date; thereafter any interest accruing will be governed by the Post Effective Date Interest Provisions which only provide for payment of such additional interest after payment in full of all Allowed Claims."
So, It Is In My Opinion that your (and mine) P's & K's, will follow the same legal format of eventual recovery' ...
... So, Will Your Recovery of "Accumulated Interest" Be Better Than The 3X Recovery That You Received for your PIERS' ?, ... YES, Absolutely, There's No Doubt ... Just always consider what the Company Owned ?, then and now ?, and what you purchased on the secondary' ...
there's been tooooooooo much total and complete unstudied and unsupported "hogwash" posted regarding the ... pipe dreams, ... the 75/25 ratio of everything ... the crazy numbers, ... the wrongful considerations of the equity classes owning what the actual company itself owned first' and still does ("WMIH and its Subsidiary's") ... the irrelevant WMI-LT regarding Us' ? ... basically, ALL of the sloppy and poorly researched material' (ask "griffin", "LG-DM-Flow-BB-dont_b_kruel" etc.) ... it is basically an application of taking the time to, ~ Know What "You" Own ~ ... etc., etc. etc. ...
"Thanks, how about as they(16's) relate to the p's & k's? ..any calculable comparison there, as they(p,k) at one time had a known value?"
"I'm asking because the settling piers that got capped at around $10.60/share returned for my position over 3X roi, so I just wanted to do a little fantasy math."
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I hope that helped, and good luck with you napkin and pencil' ... I simply use considerations like', ... it'll be a lot' ...
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