This is nonsense to think preferreds will be left out in the cold and commons will get everything. I wish people would stop spewing this garbage just because they dont have preferreds and loaded up on penny commons. Saying something this preposterous is like saying the hedgies and UWs are stupid. Geesh.
~ ND9, "Clarifying", The Preferred Managing Sub', First' (pre-BK) From The WMI SEC Submissions and then Second' (post reorg, and plan implementation) from the WMIH SEC Submissions', Is Trackable', I Can "SEE" within the filings, with my own eyes' the inbound revenue and the expenses being paid' out' ... which include the Run-Off Note Fees, and the $18 million in 3% quarterly cash being paid to KKR' ... I lose track of it in late 2018' right after the NationStar Acquisition', ... ~
So, that's what I mean when I say ... "whatever is left over" ... with the Trusts being diminished over time, the purposeful delays', and no loan replacement' ... I just don't know what is left in that sub' ... The WMIH Preferred Managing Subsidiary" ...
Using the returns and funding is documented, as I have posted many times' ... not considering the WMIH Preferred Managing Sub', ... was sloppy and poorly researched by "aya", and the daily' support team' ... NOT One ever took the time to review that ...
Remember, the DTC's Issued ESC Cusips are individually assigned ...