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lodas

08/21/22 6:38 PM

#694095 RE: Large Green #694086

if WMIH is legally bound to return assets to shareholders, it will be so stated in documents so that the recipients would not be in doubt .......it would state the amount, date due, and any late interest payments if this money, or stock was not paid in a timely manner...it would NOT REQUIRE THE RECIPIENTS to rummage through hidden, or obscure documents to find answers ....a contract is an open and binding agreement between two parties that accept the deal by signing documents.... no such documents of returning assets were presented for signature when asked to sign releases before,.....or after the chapter 11 closed....the only bargaining power that equity had was at the mediation hearings, and no such literature came forth from the equity committee from either Willingham, nor Sussman....after that, equity has no bargaining power.....no such legal language exists that equity owns the estate after chapter 11 was closed.....Lodas
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MadBadger

08/22/22 8:08 AM

#694117 RE: Large Green #694086

Good morning Large,
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm
Pg 21, 22
Also, take note of this statement.
It must be noted that wind-up and dissolution of WMILT could go longer due to pending litigation and final steps necessary to be undertaken.