ron..... there are no Safe Harbor assets.... they were all sold off to GSE's according to Rosen Statement concerning this assertion that was continually made by members of the message boards...
(2) TPS were converted to common equity according to the SEC documents, and given a pro rata share of the 200 million new shares created by the 5th amended POR 7...
(3) 7 Trusts held by WMMRC were liquidated, along with the funds in WMIIC to value the 200 million shares given to equity holders in exchange for their releases....
(4) there is no 20.77 billion dollars in T-Bills gathering interest... WMI abandoned the common and preferred stock representing the shareholders retained earnings in exchange for 4 billion in cash, 2.5 billion in IRS tax refunds, 5.8 billion dollars in NOLS, and 1.89 billion in 363, and 365 assets sales to JPM....all ,in all, WMI received approximately 15 billion dollars in value for WAMU/WMI in return for the 20 billion dollars that they threatened to sue JPM and the FDIC for illegal seizure of WMI assets..
finally, no one has to prove you wrong, because all of your points are INCORRECT!!!!!!.... there is no POR Plan 6... it was superceded by the POR 7, and the ensuing amendments....
again, there is NO PRIVATE CONTROLLING THE FORMER ASSETS OF WMI..... Wmi emerged from chapter 11 and renamed WMIH, now trading as Coop.... there is no 75/25 split between any assets returning.... that ratio was for the split of the newly created stock by the WMIL-T, which was the successor to WMI during the pendency of the chapter 11... WMIL-T is now closed and defunct....you are not a shareholder anymore , in any capacity in the former WMI and its former values... THEY WERE CANCELLED, EXTINGUISHED, AND ALL RIGHTS TO DIVIDENDS UNTO THE FORMER PROSPECTUS IS NULL AND VOID!!!!!!!!!!!!!!!!!....Lodas
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