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Thank You AZ, for letting us know that LT is closed. And markers will be there. Hopefully we will get something for our markers.
Ha ha...Good one
Good luck to all of us Tomorrow.
7.00 AM eastern time
We will get something from either Coop or from escrows. When and How much are million dollar questions. Stay strong. Look at it this way ... It’s like a bond here until paid we are all together. You can come here whenever you can and get all the updates from wise posters and humor from silly posters. We will be here.
YouTube has also lot of videos about call and put options. It is free also.
There are couple of videos about Mr.Cooper / Nationstar also
About their mortgage issues and message from CEO
Leon Cooperman. I think he said that he has Mr. Cooper (Coop) in his
portfolio of stocks.
https://www.cnbc.com/2021/01/20/leon-cooperman-sees-euphoria-in-parts-of-market-skeptical-on-long-term-outlook.html
AZ, Thank You again.
Yes, my cusip # is matching to "939ESC992".
I do live in United States. Picked up some "P" shares as we lost money in common shares at that time to make it even.
I did not sell when "P" went up. Then, every one knows rest of the story.
AZ, Thank you for information.
Is there any way I can find out that I did not buy TPS "P" shares.
The "P"shares I bought at that time is through regular trading symbol
WAMPQ.
If Coop files BK then it will be very strange and unique situation because Parent company came out of BK officially in January 2020 and Then its subsidiary Company Coop filing BK will be rewriting policies for the companies how soon and how often they can refile BK.
Like can we get convicted for the same crime twice?
Earnings Report Feb 25th Before Market
APPALOOSA 13F for latest Qr
652,500 Mr. Cooper shares
https://www.sec.gov/Archives/edgar/data/1656456/000165645619000008/xslForm13F_X01/Form13FInfoTable.xml
Thank you AZ for explaining us the situation in simpler terms. It is always good to see messages from you.
We need as much as information from all the people who understand the process well like we need all 5 elements like earth, water, air...
Hoping that this will at least pay us something in near future.
Thanks to you nhtrader and all the other lead people who are digging all the good information from previous years and contributing so much to the board. You are all keeping the spirit alive when it is seeming like we are in the darkness of the uncertain world. I read majority of all the posts and try to add all the dots. It is very sad we are not getting the settlement money yet. Time is moving so fast. Hopefully we will see some kind of positive information that will make our days bright.
It's long weekend. Have a good time with your family and friends.
Thank you JWW, for the link you posted. When I saw in Yahoo statiscs I got very happy to see that book value.
Thank you AZ.
I am Really hoping to see some positive movement.
According to Yahoo Finance Statistics. Coop's Book Value is $21.39
https://finance.yahoo.com/quote/COOP/key-statistics?p=COOP
Balance Sheet
Total Cash (mrq) 289.6M
Total Cash Per Share (mrq) 3.19
Total Debt (mrq) 12.46B
Total Debt/Equity (mrq) 640.82
Current Ratio (mrq) 1.49
Book Value Per Share (mrq) 21.39
Bob,
I believe there are 2 hearings.
only employee claims got cancelled
other one
08-12229-MFW Washington Mutual, Inc. and Joshua R. Hochberg, the Examiner Ch. 11
is on Wed and Thurs. See this web site
http://www.deb.uscourts.gov/sites/default/files/moveit/MFW.html
Hearing is on Wednesday 27th and Thursday 28th Feb instead of Tuesday ????
http://www.deb.uscourts.gov/sites/default/files/moveit/MFW.html
Thank you again AZ. Good Luck to all of us.
Thank You AZ. You think we have to wait until the last minute to hear from LT or we have any hopes things will move before 21 days of Judge's decision.
We will do count down until 24th Feb 11 days Sunday night
Or 22nd Feb 9 days Friday night.
Thank you DMDMD for sharing your valuable research with all of us. We really appreciate from our hearts for sharing of your priceless views and knowledge with us. And Thank you for everyone for keeping us informed.
ov 1, 2018 - An accredited investor is a person or a business entity who is allowed to deal in securities that may not be registered with financial authorities. ... Accredited investors include natural high net worth individuals (HNWI), banks, insurance companies, brokers and trusts.
?Sophisticated Investor · ?High Net Worth Individual · ?Net Worth · ?Regulation D
Google's answe for accredited investor
Thank you:)
I thought there are 2 people named Kosturos involved in WMI case. I guess, I am wrong.
Bob, I believe both are different. They have same names. Both are involved in WMI
1. is Trustee
2. did reorganized WMI etc..
Got it....
2nd one is William C Kosturos.
William C Kosturos is a party in the following contracts and agreements ... as of March 6, 2012 (this "Trust Agreement"), is by and among Washington Mutual, Inc.
Is this our William Kosturos
https://www.alvarezandmarsal.com/our-people/bill-kosturos
Thank you AZ,LP and Thunder,
I do not know how much they charge for servicing loans. I gave a wild guess.
Thank you for correcting me for the fees Coop charges for loan servicing.
We feel good whenever Coop moves littlebit positive direction.
Hopefully 2019 will bring goodluck for all of us.
I also did not know that IBM has servicing loan platform.
So the news looked positive to me.
"IBM acquired Seterus in the wake of the 2008 financial crisis to help a client manage a portfolio of distressed loans.
purchase the Seterus mortgage servicing platform and assume certain assets related thereto from IBM (NYSE: IBM)."
I hope this is a good news for us.
How much percentage we get for servicing the loans between 1 to 2 percent (I am guessing)
we get between 480M to 960M additional income to the company.
I know, Sometimes when I look for information the other Coop pops up.
I enter coop again and again finally Mr. Cooper will come
If there is a check mark in www.earningswhisper.com then earnings release is confirmed
If there is a dash mark then it is not confirmed, it is tentative date.
Hopefully we will know more this time.
Coop did not declare the date yet.
https://www.earningswhispers.com/stocks/coop
Wowalters
"Merry Christmas to you and your family" :)
One more year went by.
Hopefully they will give us littlebit money first to keep us all going. And then they can decide rest of the division. Thanks to our Coop. We can have little fun when options for that open.
Otherwise we will finish drinking our wine and hanging on to our boards and see how our nice and friendly board members turning against eachother.
Have fun
Thank you AZ for saying those hopeful words and keeping our spirit alive.
I do not have any Piers. Hopefully they get their last payment soon.
equity committee must be pushing this to close since long time.
Sometimes when we read court hearings, it gets very difficult to believe that we ever get any money. They keep postponing and postponing things.
Likes Lodas says that when new options are available we atleast sell covered call options cautiously to make little money.
HAPPY HOLIDAYS TO ALL.
AZ Thank You for everything you are helping here.
Happy Thankgiving to you and your family.
This took very long time. Hopefully they will close this soon.
We should do one contract to start with, Other wise we will miss the race.
one contract is 100 shares.
Some brokerages gives $1.00 for one contract as trading fee for options.
I know it is scary but if we have some number of one hundred shares losing
one hundred shares from those is ok in covered calls. if we have only 100
shares then losing all of them is sad.
COOP
Is this board going to be here tomorrow.
Some one have to take honor to write first message on board COOP
Wmih started having Option trading :)
This site also works.
https://whalewisdom.com/stock/wmih
Yes, I realized after I posted and corrected in my next post
NSM gets around 500 Million (all the figures very approximate) because they said $700.00 Million dollars are converting.
Series B are getting 500 Million shares because their investment is getting converted into commons
Wmih started with 200 Million shares.
All I said in the post is when new merger company starts to trade in Nasdaq, the new company have to release more news.
200 Million are trading around $1.41 and new 1.2 Billion shares are also going to be traded $1.41 according to their words.
When it comes to percentage 36% is going to NSM and Series B are 43% and rest 21% left. I am not sure which shares they are going to arrange into this percentages.
Their press release:
common stock in accordance with the terms of the Series B Stock. Finally, upon closing of the
transaction, holders of the Series B Stock also will receive a special distribution of approximately 11
million shares of common stock. As a result, upon consummating the transaction, and on a pro forma
basis, holders of the Series B Stock will be expected to own approximately 477 million shares of common
stock or approximately 43% of the combined company.
Roadmap to Completion
I forgot about Series B stock (KKR) around 477 Million also going to be added. Which means 1.2 Billion. I believe someone in the board mentioned that figure.
NSN proxy vote link.
https://www.streetinsider.com/SEC+Filings/Form+DEF+14A+Nationstar+Mortgage+Hold+For%3A+May+17/14061180.html
Upon closing the Transaction, all outstanding WMIH Series B Preferred Stock and all outstanding
warrants to purchase shares of WMIH common stock will be converted into common stock of WMIH. The
shares issued pursuant to these conversions are included in the pro forma ownership percentages
referenced above. Holders of WMIH’s Series B 5% Convertible Preferred Stock (the “Series B Stock”) will
receive approximately 444 million shares of common stock following the mandatory conversion of the
Series B Stock at a fixed conversion price of $1.35 per share. Between signing and closing of the
transaction, we expect that holders of the Series B Stock will receive approximately 21 million shares of
common stock in accordance with the terms of the Series B Stock. Finally, upon closing of the
transaction, holders of the Series B Stock also will receive a special distribution of approximately 11
million shares of common stock. As a result, upon consummating the transaction, and on a pro forma
basis, holders of the Series B Stock will be expected to own approximately 477 million shares of common
stock or approximately 43% of the combined company.
Roadmap to Completion
The transaction has been unanimously approved by the Boards of Directors of both companies and is
subject to approval by the shareholders of both companies, as well as regulatory approvals and other
customary closing conditions. An entity owned by investment funds managed by an affiliate of Fortress
Investment Group LLC, holding approximately 68% of Nationstar’s voting shares, has contractually
agreed to support the transaction and elect cash consideration for approximately 34 million shares,
subject to proration. KKR, which owns 24% of WMIH’s voting shares, has also agreed to support th