The part that you are referencing relates to WMI use of the 15%.
In addition, upon conversion (to whatever WMI decides) each LTW has to pay a transfer fee of $.10. So there will be another $112,000 due to WMI.
All of the above is MOOT. WMI can go to hell for all I care. Our war is with JPM.
As I see it. Steinberg was a SHILL to distract attention from the thief at night. While his cut-up of the warrant agreement was good, he never allowed the JPM connection to emerge in the trial.
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