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MadBadger

08/22/22 11:02 AM

#694130 RE: PickStocks #694121

Accordingly, it would be appropriate for the Trust Advisory Board to be released from further responsibilities and to replace such individuals with administrators to complete the wind-up and dissolution of the Trust.
45. Since the Effective Date, Charles Edward Smith and Doreen Logan have served as officers of WMILT, together with the Liquidating Trustee, developed all information for and facilitated all public filings, and are aware of the many issues that have confronted WMILT. The Liquidating Trust Agreement shall be amended to provide for the appointment of Mr. Smith and Ms. Logan as administrators to complete the wind-up and dissolution of the Trust and to release the Trust Advisory Board and the Liquidating Trustee from obligations in connection therewith.
Who Left? No One Phoking Left! They just got Reaasigned.
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MadBadger

08/22/22 11:35 AM

#694133 RE: PickStocks #694121

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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.
Hence: Amendments; Legal Changes to Original Agreements.
It must be noted that you must fully understand the writing and reasoning or purpose for that writing. To cover their Asses(ts.)
Remember: There was nothing for the Kmart Shareholders either, but somehow After the Bankruptcy, Miraculously the Value of their US Holdings Appeared in their(KMart) Canadian Subsidiary. $11-$181 in 18 months. That is what was Supposed to happened to WMI, but it Didn’t. We are Included in the EQUATION. So We Wait until They Feel Like Releasing Any SPECIAL DIVIDENDS IN A FORM OF SHARES.
DISCLAIMER: JUST MY OPINION OF MY INTERPRETATION OF THE AMENDED AGREEMENTS.