Followers | 202 |
Posts | 13857 |
Boards Moderated | 3 |
Alias Born | 10/26/2008 |
Monday, October 16, 2017 2:52:39 PM
• Prior actions prove WMIH was NEVER serious about closing a qualified Acquisition B4 1/5/2015
• WMIH exited bankruptcy 3/19/2012 – Free to make a M/A starting 3/20/2012
• Five WMIH Shareholder meetings followed – Nothing but purposeful delays
• True equity investors made many discoveries regarding FDIC, bankruptcy processes
• Proved beyond ANY doubt FDIC process of “Safe Harbor” which legally SHIELDS assets
• P&AA expired 9/25/2014
• JPM year ending 2014 R203 10Q showed 165 billion dollars in “off balance sheet” assets
• WMIH closed on a capital raise of 600 million on 1/5/2015
• WMIH Shareowners meeting moved up from June/2015 until 4/28/2015
• WMIH Shareholders, approved a MASSIVE increase of outstanding common shares to 3.5 Billion
• WMIH Shareholders approved an increase from 5 to 10 million of preferred shares
• 2 high level Executives hired-specialize in distressed assets to close (QA) a Qualified Acquisition
• These two Executives not on board WMIH permanently until around the middle of May/2015
• The same Executives will be awarded 1.77 million shares each on a Qualified Acquisition (QA) closing
• This is 4 Xs the shares awarded Mr. Davis – Very puzzling unless used for forward split
• Currently authorized are 3.5 billion common WMIH shares and 10 million Preferred shares equal to a valuable currency
• WMIH re-incorporates to Delaware approved which sits alongside WMIIC
• WMIIC has been incorporated in Delaware for many years prior to WMIH
• WMIH is up-listed to NASDAQ
• WMIH files 8K showing discussion halted on 10/13/2015 – Does not rule out deal completely
• During second half of year 2015 we see JPM raising 300 billion that no one talks about
• Between 6/2016 and 5/2017 JPM raises a MASSIVE 1.4 TRILLION – What is all of this for
• My view – I used to think FDIC was the show stopper – Now I believe it was KKR to gain control
• August 16, 2016 – settlement between FDIC/JPM/DB pending Calif Probate Court approval
• WMIH advised us they started DISSOLVING WMIIC in second quarter 2016
• March 21, 2017 WMIH holds conference call with investors – KKR to take control 6/1/2017
• KKRs key Executive to be assigned to WMIH shell with Thomas Fairfield to be COO eff 6/1/2017
• Gene Davis (plus) resign effective 6/1/2017 BUT their shares will still vest through 12/31/2017
• After this CC, I am convinced KKR used their influence to ensure WMIH UNABLE to complete QA
• Proves to me, KKR used their influence - worked very hard to take control of WMIH on 6/1/2017
• I look for WMIH to complete original QA plan between 9/6/2017 and Halloween 2017
• Here is the document stating they DB provided DTC with sufficient notice per the Judge’s request:
http://www.globic.com/wamurmbssettlement/pdfs/3.%202017%2004%2028%20FILED%20WAMU%20TIP%20Decl%20of%20Robert%20Stevens%20re%20Notice%20to%20DTC%20of%201%20Complex%20Designation,%202%20Notice%20of%20Hearing%20Date,%203%20Civil%20Complex.pdf
• Orange County Probate Judge’s signature on last page number 3
http://www.globic.com/wamurmbssettlement/pdfs/Wamu%2016-00892014%20Approval%20Order.pdf
• JPM 7/14/2017 8K Showing 645 million dollar JPM/DB/FDIC settlement accounted for under EARNINGS RELEASE FINANCIAL SUPPLEMENT - 2Q17 buried in footnote on page #23
https://www.sec.gov/Archives/edgar/data/19617/000001961717000472/0000019617-17-000472-index.htm
• So 60 days appeal period will end on 9/5/2017 with money having to transfer within 10 business days which will be 9/19/2017 at the latest – Other monies will also transfer within timeframe
• Stipulations to dismiss the four related cases pending before Judge Collyer were filed 9/15/2017. All four cases terminated on 9/15/2017. Details below.
1:13-cv-01997
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION v. FEDERAL DEPOSIT INSURANCE CORPORATION et al
Link to Stipulation on Recap
Archive: http://www.archive.org/download/gov.uscourts.dcd.163697/gov.uscourts.dcd.163697.52.0.pdf
Link to Docket on Recap Archive: http://ia600607.us.archive.org/25/items/gov.uscourts.dcd.163697/gov.uscourts.dcd.163697.docket.html
1:12-cv-00450
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION v. FEDERAL DEPOSIT INSURANCE CORPORATION et al
Link to Stipulation on Recap Archive: www.archive.org/download/gov.uscourts.dcd.153459/gov.uscourts.dcd.153459.69.0.pdf
Link to Docket on Recap Archive: http://ia600304.us.archive.org/5/items/gov.uscourts.dcd.153459/gov.uscourts.dcd.153459.docket.html
1:09-cv-01656
DEUTSCHE BANK NATIONAL TRUST COMPANY v. FEDERAL DEPOSIT INSURANCE CORPORATION, et al
[The Recap archive for this case’s docket hasn’t been updated seemingly since 2015 (?), so the docket entry and link for the stipulation isn’t showing there yet, but a copy of the stipulation for this case from Pacer is attached here (likely accessible once approved by a Boardpost moderator). The docket listing for the stipulation from Pacer is shown below.]
09/08/2017 203 STIPULATION of Dismissal by DEUTSCHE BANK NATIONAL TRUST COMPANY. (Franklin, Talcott) (Entered: 09/08/2017)
1:10-cv-00505
NORTH CAROLINA DEPARTMENT OF REVENUE v. FEDERAL DEPOSIT INSURANCE CORPORATION et al
Link to Stipulation on Recap Archive: http://www.archive.org/download/gov.uscourts.dcd.141411/gov.uscourts.dcd.141411.78.0.pdf
Link to Docket on Recap Archive: http://ia800504.us.archive.org/16/items/gov.uscourts.dcd.141411/gov.uscourts.dcd.141411.docket.html
• Run-off Notes NOW PAID IN FULL on 9/29/2017
My view, no way they were serious about closing a QA before 1/5/2015 and so all they MAY have been doing was window shopping for years prior as 600 million was not raised before 1/5/2015. Then KKR wanted total control which delayed us for another two years or so.
Now what this shows me, this is all about WMIH purchasing former WaMu assets from the former WaMu Estate left in Safe Harbor and legally shielded from this bankruptcy case.
So now that KKR will be in control, WMIH may be about ready to move forward between 9/06/2017 and 10/31/2017.
Have I told you lately how much more I really love my Escrow Shares and that continues to grow immensely every single day?
Recent COOP News
- Mr. Cooper Group Inc. to Present at the Barclays Global Financial Services Conference • Business Wire • 09/03/2024 09:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:17:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 08:31:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 08:09:25 PM
- Mr. Cooper Group Inc. Announces Pricing of Offering of $750 Million of Senior Notes • Business Wire • 07/29/2024 08:30:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/29/2024 08:24:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/26/2024 08:20:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 11:00:12 AM
- FLAGSTAR BANK, N.A. ANNOUNCES SALE OF ITS MORTGAGE SERVICING BUSINESS • PR Newswire (US) • 07/25/2024 11:00:00 AM
- Mr. Cooper Group Reports Second Quarter 2024 Results and Announces Acquisition of Mortgage Operations From Flagstar • Business Wire • 07/25/2024 11:00:00 AM
- Mr. Cooper Group Inc. to Discuss Second Quarter 2024 Financial Results on July 25, 2024 • Business Wire • 07/11/2024 08:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:07:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:36:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:33:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:28:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:26:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:24:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:22:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:19:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:17:44 PM
- Xome Democratizes Real Estate with Launch of DIY Sales Platform, No Agent Required • Business Wire • 05/22/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 10:47:32 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/15/2024 12:11:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 12:12:48 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 08:22:09 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM