Large Green....I just don't see why WMI has to purchase something that already belongs to them....yes, in a chapter 7, or 13 liquidation, the estate remains belong to shareholders, but this was a simple chapter 11 reorganization of assets, after Debt claims were paid... no where does it state that these assets left over from the WMIL-T revert back to shareholders... when you read the conclusions to the PLR that you posted, it clearly states that the GRANTOR will be the beneficiary after the Trust is closed, probably in March 2022, as you stipulate...now , let me ask you... do you see another Trust, other than WMILT which is obligated to return assets to the estate holders?... if so, who manages this Trust, where are the legal documents purporting that they must liquidate the Trust to estate holders when dissolved?...is there any literature regarding details about their fiduciary duties?....if this Trust that you speak of contains MBS , then who has title to these assets, the lenders or the shareholders of the estate?...so you see.. questions, questions, questions that cannot be glossed over by simply connecting dots....I have yet to see one iota of evidence of the existence of this Trust that you say will go to estate holders upon dissolution...Remember, the original WAMU shares were canceled in chapter 11, and a s such, upon reemergence by Wmih, the BOD could cancel all dividends attached to these instruments...why don't you go to the source for your information, like the BOD, or J Bray, or Kosturos, or whomever is the Grantor of the Trust that hold the assets you speak of?.... Lodas
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