~ Hello ND9', ... Yes, Any Interest Generated Is Still Owed' ... I simply DO NOT Believe that the WMIH Preferred Managing Sub', (the management WMI Subsidiary of the Bond Offered', P's and K's) placed under WMMRC, which has now been dissolved ... Has Much ? or Anything Left at All' ... Disappointing ?, obviously "Yes" to us Both' ... However' ... the SEC Submissions Can Not Be Denied' or Disregarded', the Accounting Is Shown' (not denied by me anyway) ~
the Company' Itself ... WMI, now reorganized to WMIH ... was the recipient of the non-debtor subs financial generation ... it was a profit center for the Company' ... the Company WMI, would then distribute the interest earnings to a WMI common shareholder as a dividend' ... "Operational Protocol" ... as mandated by the WMI REIT participation and the IRS 90% Rule ...
the "wmi-lt", with lots and lots of help, ... promoted the 75/25, in an effort to confuse' beyond the WMI Holding Company ... and. what a good job they did' ... wow' ... however, ... there never was going to be any 75/25 to the end', ... nor are the 300b, 100b, or a $60k P numbers remotely possible' ... yoda ?, is in the wrong business' ... or ?, maybe he right one depending on how one reviews the material' and the TRUE Process as it has moved forward' ... hhhhmmmmmmmm ? ... just sayin'
(ADDED: as a sidebar, ... the Mr Cooper Group ... COOP', has also SEC revealed that it', functions as the Successor', under "Predecessor Operational Protocol" ... the Predecessor is WMI ...)
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