Ron, thank you for posting! I have been following your posts for a long time and by far you are one of the few here who have done their homework. Thank you very much for sharing!!
36 million shares only accounts for ~$3 Billion for discussion.
That’s not enough for the $43 Billion unaccounted for.
~$375-$307-$25 = $43 Billion .
The Reorganized Debtor still has $43 Billion minimum unaccounted for. COOP doesn’t have the story. A sub can’t buy the Parent of $43 Billion for $3 Billion!!! COOP can’t!
IMO; WMIH the former creates a IPO to all UQ holders as owners of the property. Also the payment for WMB and It’s assets belongs to UQ Class 22.
As I have explained. Class 19 will receive 2.7X face, minimum. Even more for Series R. 75/25% isn’t Global. The 75/25% only pertains to the Retained Earnings as defined in court documents. The February MOR of $20.78 Billion placed into Treasury Notes. Now 2.7X face .
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