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austin01

02/25/21 5:44 PM

#649591 RE: boarddork #649587

We likely need "no-nonsense" counsel that can sort thru this and get results. Escrows holders have NEVER had that. So we've waited over 12 years and "still no meat on the bones". This in response to, "My question is what can we do to escape this whirlpool we keep circling around in?".
If so much money is at stake, would a great law firm take this on a contingency basis?

JB3136

02/25/21 6:22 PM

#649593 RE: boarddork #649587

The only problem is it’s pretty clear in the WMILT FAQ question #9

Escrow CUSIPs were issued solely to facilitate potential future distributions of equity shares of Reorganized WMI, if any, to such eligible former shareholders of WMI if Claims involving Disputed Equity Interests were disallowed.

The Escrow CUSIPS were established solely to facilitate potential distributions, if any, of shares of Reorganized WMI common stock; however, all shares of Reorganized Common Stock on deposit in the Disputed Equity Escrow have now been distributed and the Trust’s administrators do not expect that any additional distributions of common stock will be distributed to former beneficiaries of the Trust or holders of Escrow CUSIPS. Nevertheless, at the request of certain legacy shareholders, the Trust’s administrators agreed to keep the Escrow CUSIPS outstanding until the Trust’s dissolution.

http://www.kccllc.net/documents/8817600/8817600210201000000000001.pdf

Where does the belief come from that there will be any 12 years of interest distribution to those with escrows?