"Looks like the wmilt will be done before equity gets a dime."
There has never been a time in recent history when it did not appear that equity was done, unfortunately. The only exception was the GS hagglings which have stopped for lack of evidence as confirmed by El Juez who is involved in the board. They have agreed they will no longer pursue GS in any way, and no further actions are being taken that offer great promise.
Zeus , to me a large owner of escrow shares and WMIH, this is good news for escrow shares and goes to help prove my own point. At this point, if you have not followed my discussion on escrow shares, it is to long for me to explain but very good news for escrow shares IMHO!!!
'Looks like the wmilt will be done before equity gets a dime.'
It seems to me that the loss of such small figures as 45 or 90 million to LT cannot be used to support your conclusion that 'equity will be done.' It's very negative and without support.
I am not sure what you are reading re the 96 million
I am sure you are reading right
But 5x96 million - (5 for the 20%) if for the TOTAL LT and JPM were pursuig
I doubt - seriously doubt - that the LT was expecting the full 96 million - no way that was an EXPECTATION --- just like no way will LT pay all "funded but suspicious and debated" claims