bond-007....yea, you are right about good reading.. I picked up on some points here..
(1) total cash on hand , excluding restricted cash , on Dec 31 2017 was 28.8 million dollars, that was before the Nationstar merger..
(2)the trust held overnight securities, and highly ;liquid government assets, and are restricted from paying out any funds, until the KKR convertible debt is paid in full...the total value of the Trust is not disclosed, but WMIH needed KKR to make the acquisition to buy Nationstar
(3)...there was a consolidated earnings report which included all divisions of Wmih, (can't remember the year), this I presume included the Trust assets, as being total assets minus liabilities of 614 million....
(4).. nowhere in this report indicates any Trust monies to be returned to former holders of WAMU stock.. the stock was abandoned for the 7 billion in NOLS...in fact, it specifically states they will be no payments to any claimants until the loan to KKR is paid back....thanks for posting this, for it clears up a lot of misconceptions that are held by posters on this board...in fact, it states that all reserves are held to satisfy the KKR loan if WMIH goes bankrupt........I just don't see, in light of this report that the trust is going to pay out those escrow claims... maybe someday, when the KKR loan is paid, and also the 8.4 billion in short and long term debt is paid.. in fact, wmih has said that there will be no dividends on the stock for the present and foreseeable future.......Lodas
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