The 7/31 MOR numbers I used are right from the latest filing. I adjusted with the IRS Tax Settlement numbers and the GSA allocation percentages in the MOR.
I worked those numbers just to see where the latest POR/DS would be with the inclusion of those tax refunds. Rosen worked hard allocating those tax refunds to keep equity (preferreds) at a very low percentage. With those NOLS being almost $2B more than he used in the POR, it bumped up the amount to add to the Asset column considerably. Enough to take care of all the Liabilities.
Ideally ... I'd like for the Examiner to find that ALL tax refunds stay with WMI. I'm assuming that the EC/Susman are just waiting on Examiner report before they push the issue that A>L with those refunds.
This process to pull all the Assets out on to the Balance Sheet will just take time considering how Rosen has hidden so much value. It will not only be good for preferreds but also for commons. This is just a step in the right direction.
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