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AZCowboy Thursday, 07/06/17 01:35:18 PM
Re: None
Post # of 481645
§
~ So, What's Up' With All Of The Fluff ? ~
... Just watch for the next up, Plan 7, Tranche 5 Class 17's to move' ... now that WMI II (the WMB Action) has been Settled and its Settlement requirements have been completed as agreed ...
It's the WMB Noteholders, (The WMB Bondholders, Class 17) ... that forced the Plan 7 subordination, and its the same group of accredited investors (119 institutional investors, with one hold-out) ... that negotiated WMI II'
====================================
... * March 2nd, 2016, we' then have the ... ANNOUNCEMENT BY THE "STEERING COMMITTEE" ...
Here is the link to The March 2, 2016' Announcement by the "Steering Committee"
www.businesswire.com/news/home/20160302006392/en/
"An Announcement by the Steering Committee of Ad Hoc Committee of Washington Mutual Bank Noteholders"
====================================
The Class 17 releases were brought forward to Plan 7, from Plan 6' ... and will have deemed to have released upon receipt of their distribution ... "Receivership Certificates" to be issued by the FDIC'
Once their (Class 17) distribution is realized ... ? ... They will have updated to now have ... "Dismissed With Prejudice"
Once their (Class 17) distribution is accomplished with the release of their Trust Accumulated Funds, that have been on hold (nunc-pro-tunc, since 10/02/2008) ... ? ... ALL of the accumulated funds, associated with ALL of the Trusts' ... also get Released ...
The European WMB Bondholders (120 accredited investors) completed this' ... watch the Class 17's ... the Rest ? falls nicely into place ...
AZ
investorshub.advfn.com/boards/...msg.aspx?message_id=132766877
AZCowboy Thursday, 07/06/17 01:35:18 PM
Re: None
Post # of 481645
§
~ So, What's Up' With All Of The Fluff ? ~
... Just watch for the next up, Plan 7, Tranche 5 Class 17's to move' ... now that WMI II (the WMB Action) has been Settled and its Settlement requirements have been completed as agreed ...
It's the WMB Noteholders, (The WMB Bondholders, Class 17) ... that forced the Plan 7 subordination, and its the same group of accredited investors (119 institutional investors, with one hold-out) ... that negotiated WMI II'
====================================
... * March 2nd, 2016, we' then have the ... ANNOUNCEMENT BY THE "STEERING COMMITTEE" ...
Here is the link to The March 2, 2016' Announcement by the "Steering Committee"
www.businesswire.com/news/home/20160302006392/en/
"An Announcement by the Steering Committee of Ad Hoc Committee of Washington Mutual Bank Noteholders"
====================================
The Class 17 releases were brought forward to Plan 7, from Plan 6' ... and will have deemed to have released upon receipt of their distribution ... "Receivership Certificates" to be issued by the FDIC'
Once their (Class 17) distribution is realized ... ? ... They will have updated to now have ... "Dismissed With Prejudice"
Once their (Class 17) distribution is accomplished with the release of their Trust Accumulated Funds, that have been on hold (nunc-pro-tunc, since 10/02/2008) ... ? ... ALL of the accumulated funds, associated with ALL of the Trusts' ... also get Released ...
The European WMB Bondholders (120 accredited investors) completed this' ... watch the Class 17's ... the Rest ? falls nicely into place ...
AZ
investorshub.advfn.com/boards/...msg.aspx?message_id=132766877
