LuckyPanda.......please consider this...Sussman had the upper hand in the mediation hearings, because the judge was suspicious of insider trading in lieu of Nate Toma's testimony....WMI sought to hide the value of the estate with POR6, and when hedges got inside information that the debt instruments were worth more than pennies on the dollar, they made a frantic effort to get them...so, my point......if Sussman had the upper hand in the mediation hearings, wouldn't he press FOR THE FULL EXTENT OF WHAT WMI WAS HIDING?..after all, he is a well known shark lawyer who won most of his corporate bk cases, and he would go for the throat of these hedges...but, in the end of the hearings, the equity settled on a matrix of payouts to have equity share in the new company, and 75 million for the remedy of their insider trading...old shareholders got 0.03 shares in the new company, but what was that based on?.....was it a portion of the holdings, or the total value of WMI's holdings?...Willingham, and Sussman, and the judge signed off on the matrix values...did we get F/R for our old shares?... did Sussman and Willingham take a bribe from the hedges in return for a smaller portion of the estate?...the seminal question here is what value of the estate were the values in the new company based on?....if, the stock value was placed on the total value of WMI, and WMIIC estate, then we got F/R return when Sussman walked out and signed off on those hearings....POR 7 ensued, and nothing more was said about returning money to escrow cusips....JMO.... Lodas
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