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ReikoBlack.... thank you for taking the time, and putting the effort to bring about outstanding DD, and resource background material to clarify these insanely, outrageous assertions some have , and are making on this message board....Lodas
Reiko..Did you check on WA state revenue department on WMILT status?.
Bob, i am not sure but i believe it was given to Creditors against their claims.That ownership change was nothing to do with equity claims IMO.May be they were hinting on the majority % after reorganizing old vs new.When you have a moment,please send me the other DD,i would like to cross check.Thanks.
Is it likely we see something regarding escrow distribution before EOY?
Thank you.
JHD
William C. Gallagher Agrees With Me.
2018.
:)
Ron
WMI Holdings Corp no longer exists.
"As disclosed below, WMIH Corp., a Delaware corporation (f/k/a WMI Holdings Corp.) (“WMI Delaware” or the “Company”) became the successor to WMI Holdings Corp., a Washington corporation (“WMI Washington”), on May 11, 2015."
"As further described in Item 3.03 below, WMI Washington consummated a reincorporation merger (the “Reincorporation”) with and into its wholly owned subsidiary, WMI Delaware, pursuant to the terms of an Agreement and Plan of Merger entered into between WMI Washington and WMI Delaware on May 11, 2015 (the “Merger Agreement”), which is attached as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference. The effective time and date of the Reincorporation was 8:00 p.m. Eastern time on May 11, 2015 (the “Effective Time”). As a result of the Reincorporation, the registrant is now a Delaware corporation and WMI Washington has ceased to exist."
https://www.sec.gov/Archives/edgar/data/933136/000119312515186101/d924385d8k12g3.htm
"WMI Washington" = WMI Holdings Corp = no longer exists.
BBob, I Thing Your Timeline Is OFF.
Your ‘May have have an ownership change’ language was long before WMIH INC, WaMu-3.
That statement was part of the original reorganization.
WaMu-2, Holdings Corp is no longer the Registrant didn’t happen in 3-19-12.
Inc was created later, ~2018.
Yes IMO WMI Holdings Corp is alive and well and holds the Washington State Liquidation Trust and the other assets.
Ron
BBob, I Thing Your Timeline Is OFF.
Your ‘May have have an ownership change’ language was long before WMIH INC, WaMu-3.
That statement was part of the original reorganization.
WaMu-2, Holdings Corp is no longer the Registrant didn’t happen in 3-19-12.
Inc was created later, ~2018.
Yes IMO WMI Holdings Corp is alive and well and holds the Washington State Liquidation Trust and the other assets.
Ron
"Ultimately, to think JPMC/Executives does not have tons of timely signed releases would be naive at the minimum and very stupid on the other end."
If I recall, JPM mandated that all of the newly acquired WAMU employees HAD TO sell their WAMU stocks. I wonder why, and WHO might have bought them?
No worries…even Ole cactus didn’t know a ownership change occurred and he reads and understands all…he is so smart!!!!
WMI INC, WMIH, WMI HOLDINGS INC, COOP, WMI DST or Whatever
Where there are a lot of money, assets, gold, silver, real estate issues ANYWHERE in the ENTIRE WORLD, JPMC is ALWAYS smack-dab in the middle {I have witnessed this for decades) of the case using their corrupt influence as the fourth branch of the United States Government hiding behind a publicly traded company and ticker symbol.
Ultimately, to think JPMC/Executives does not have tons of timely signed releases would be naive at the minimum and very stupid on the other end.
XXXX
...
Hey NEWFLOW
What do ya make of WMI ""HOLDINGS ""CORP"" which incorporated on 3-19-2012 ?
, NOT TO BE CONFUSED with WMIH ""INC""?
Corp and INC are two totally separate entities
Also that they SEEM TO HAVE MERGED on 3-19-2012
REMEMBER the verbiage was """WE THINK THERE MAY HAVE BEEN AN OWNERSHIP CHANGE"""
WELL DUH it appears they merged with WMIH INC
WE think my rear end
But the owners imho pre went with WMI "HOLDINGS CORP"" and are due any and all returns due them for what were WMI's PRIOR TO 3-19-2012
"""WE THINK THERE MAY HAVE BEEN AN OWNERSHIP CHANGE"""
WE think my rear end
LOOKS like a set up for 51 to come into play either today or MONDAY
WMI Liquidating Trust vs Washington Mutual, Inc. Liquidation Trust
Washington Mutual, Inc. Liquidation Trust
https://www.linkedin.com/in/douglas-southard-234602a0
WMI Liquidating Trust
https://www.linkedin.com/in/charles-smith-b4179129
Are they both the same or different Trusts?.But both are still working there as per linkedin profiles.
What are your intentions here since you stated you own no escrow’s or coop stock…
You are working hard enough:::yet you boss is not giving you any praise…but did recognize others…you must be hurt…but need to work harder…
Quote from you boss:
“Quote: Post 714450
~ Tony' ... The Avenger' Lady "shown" Would Be More My Type' ... Seriously ! ~
those from ... ? ... 3rd world' wouldn't recognize her' ... But I Do and WOWEE WOW WOW :) ...
Abba Da Ayy' ... :)
just sayin'
AZ”
He must be paying you well…not say much…but he must pay you well….and at the same time he doesn’t even think you are worthy……
Quote from AZ
“LG,? = idiot + the parroting buddy bbbbn.......ron.? = misreading docs' ......newflow.? = hung up on the wmi-lt, now completed ....Biz.? = means well but' ? .... goodie.?....xoom.? = good people ....AZC.? = not worried' .....leave the building?.....Lodas = nope, not hardly wrong again ! “
I just marvel how you private posters "move goal posts", and now rearrange the meaning of words....yea, that will bring billions back in worthless escrow markers...Lodas
I explained this multiple times. As long as theses countless posts about escrows move posts about COOP down within some hours, sometimes minutes, I continue repeating FACTS about COOP, NEWS about COOP, PUBLIC ARTICLES about COOP, ANALYST PRICE TARGETS for COOP, my own TECHNICAL CHARTS about COOP and so on on the COOP BOARD, not only for you, but also for new COOP investors. Is this OK for you? Or is still anything unclear?!?
JWW OK. maybe I'm wrong, sorry for the slightly inpertinent question, are you by any chance a driver type?
I apologise for this question to you ( no offence ) but I'm just curious, just to understand your daily perpetual repetitions
And the wording ‘ under the terms of the plan’ …… this fails to mention the ‘Assets will still be available’ by Rosen. The Plan never discussed other assets or safe harbor as the judge wouldn’t allow it.
JHD
YEPPERS you are spot on doesn't mean we will NOT
IF ANY here have been around MANY , [color=red]""IT's CALLED LAWYER SPEAK""[color=red][/color][/color]
Thank you. Well said.
respectfully,
JHD
I love this :
“The foregoing notwithstanding, the so-called "Escrow Markers" or "Escrow CUSIPs" established by the Trust upon emergence from its Chapter 11 proceedings in March 2012 for purposes of facilitating the potential distribution of Reorganized WMI's common stock will continue to be maintained for the foreseeable future. As previously disclosed, however, former positions represented by such Escrow Markers or Escrow CUSIPs are not entitled to receive any distributions under the terms of the Plan and they do not, in and of themselves, represent an entitlement to any possible future distributions from the Trust, Reorganized WMI or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank), as the case may be. As discussed above, no additional distributions of cash or equity will be made by the Trust subsequent to the Distribution, other than to one or more charities as contemplated by the Plan and Liquidating Trust Agreement.
Not entitled
Good afternoon people- Just dropped in to see what condition my condition was in ( no complaints) COOP SEEMS TO BE HOLDING ITS OWN as of this post , I see Frick & Frank were on this morning 😉
GoGooooooCOOP
Have a great weekend people & don’t let the noise from dark places interrupt your time here ,haters are going to hate no matter what -Ts
JWW OK. maybe I'm wrong, sorry for the slightly inpertinent question, are you by any chance a driver type?
I apologise for this question to you ( no offence ) but I'm just curious, just to understand your daily perpetual repetitions
LATEST COOP price targets===>Piper Sandler:$72, Wedbush:$70, Compass Point: $66, Credit Suisse:$64, Keefe, Bruyette & Woods:$62
Where did they move the money to ??? Coop To service???? the important thing , It is on the move IMO
https://www.dtcc.com/-/media/Files/pdf/2023/9/22/MBS1271-23.pdf
"As of today, J.P. MORGAN SECURITIES LLC’s JSNA Clearing account has no open trade obligations
on the books of the MBS Division of FICC. Effective immediately J.P. MORGAN SECURITIES LLC
will terminate its JSNA account."
Hi Raggi;
I just wanted to express, that the time available to us, (we are only visitors on earth) and compared to the universe, we are less than half an atom in space.
But since you said that if you pass light, you catapult into the past. Yes this is also true, (greetings from Einstein).
But it is also true, that if a spaceship lands on an extroplanet beyond our solar system, landing on the planet, we are automatically in the past, while the (inhabitants) of the planet are in the present. and physics is already a field as big as the cosmos.
Good talk for distraction !!!!!!!
work harder and put in more effort..Think your masters will lower your pay and might give you the termination letter. lol
let me guess, you will copy and paste an AZ post. hahahhahahaa
Great minds think on the same plain 🤓
Yep….maybe a movie is on the horizon….GameStop-dumb money….that was a ride….
But of course he is a “retired College Finance professor”
Who was surprised that the Novo Nordisk dividend was actually paid to Novo Nordisk shareholders and not former Escrow holders
To prevent a leak
"3741.***SELECTED PARTIES*** LETTER MOTION for Conference re: [3740] LETTER MOTION to Seal Defendant UBS AG's pre-motion letter seeking entry of protective order addressed to Judge Naomi Reice Buchwald from Jefferson E. Bell dated September 20, 2023. / Defendant UBS AG's (Pre-Motion) Letter Motion for a Conference to Seek a Protective Order addressed to Judge Naomi Reice Buchwald from Jefferson E. Bell dated September 20, 2023. Document filed by Mayor and City Council of Baltimore, UBS Group AG, UBS AG. Motion or Order to File Under Seal: [3740]."
LOOKS like the ball is rolling now from another board in the same position we are in here UWBK and Lg and I have said for years theses two cases are joined at the hip and will WILL CLOSE relatively close together if not at the same time
this I think was filed on the 18th
"Document filed by Mayor and City Council of Baltimore, UBS Group AG, UBS AG.Motion or Order to File Under Seal:3740 .(Bell, Jefferson)".......how the F/--- cool is that.......???.........only that it matches the Deutsche Bank settlement agreement, narrative that the city of Baltimore is set up to take down those sleezy, conspiring, corrupt, WHITE (I know, I know, but get my point) bankers who tried to RIP OFF poor inner city schoolchildren.......OUTRAGEOUS, DESPICABLE.........................
.the schedule was for October release dates, but if the appeals are upheld, they generally come sooner................
SO I still contend by years end libor will be done , but I look for it late in the year
Sorry, I won’t ‘try’ flat out lying and offering pure BS under the guise it’s a contribution. Nope!
BB....everyone on this board, knows how this stock plays...run up the month earnings are announced, then followed by a period of decline, settles into a price range.... rinse and repeat, for the next quarter.
It's happened time and time again....it's no mystery.
WELLLLLLLLLLLLLLLLLLLLLLLL LOOOKS lik we have now crossed into the 52's, long way from $61 in late JULY
ALLLLLLLLL WERE WARNED
Goal post moving business is booming.
SHOW ME THE MAGIC MONEY BABY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ItsMyOption, you said the following.
————————————
then magically our money will flow
————————————
I do not remember the Executive’s name but he was not with COOP who said the following in regards to Safe Harbor, BK Remote Assets.
It’s basically called MAGIC MONEY because it will just appear in accounts one day when you least expect it.
Yes, I truly do love MAGIC MONEY!
…
Again MARKET FAILS TO SEE that HIGHER RATES are POSITIVE for COOP's servicing business!
Who owns 250M shares of what?!? What do you mean? If you mean COOP, they have only 66,8M outstanding shares, as of July 20, 2023, stated in their 10-Q. Probably the number is smaller now because they increased their STOCK REPURCHASE PROGRAM BY $200M and for sure bought back many shares meanwhile...
https://www.sec.gov/ix?doc=/Archives/edgar/data/933136/000093313623000075/coop-20230630.htm
This thing has gone down about 1.50 in the last several days. Since they own 250M shares they've lost like 300+ million dollars. I sure hope they have solid plans to improve earnings and not be hated by Wall Street so much.
frown
This thing has gone down about 1.50 in the last several days. Since they own 250M shares they've lost like 300+ million dollars. I sure hope they have solid plans to improve earnings and not be hated by Wall Street so much.
I did send BOB, about 7 hours ago with subject line - WMI equity holders.
TRANSFERRING LIQUIDATING TRUST ASSETS IN CANCELLATION OF EQUITY
READ PAGE 4/5 1st PARAGRAPH
https://s1.q4cdn.com/275823140/files/doc_downloads/irw/IRS_forms_8937/Mr.-Cooper-Group-WMI-Liquidating-Trust-Disputed-Equity-Escrow-distributions.pdf
GRANTOR/BENEFICIARY GRANTOR/BENEFICIARY - OURCASE
Revenue Procedure 94-45 prescribes the method by which a taxpayer can request a letter ruling
wherein the Internal Revenue Service (Service) makes the determination that a particular trust qualifies as
a liquidating trust. If the conditions in Rev. Proc. 94-45 are met, the taxpayer can effectively escape the
grantor trust rules by deeming the transfer as a two-step transaction: (1) the corporation or partnership is
deemed to transfer its assets to the liquidating trust’s beneficiary; and (2) the beneficiary is deemed to
transfer the assets to the liquidating trust.12 The result is that the liquidating trust is still a grantor trust, but
the grantor is deemed to be the beneficiary, not the transferor.
https://www.cobar.org/Portals/COBAR/Repository/Sections/Tax/Newsletter/Liquidating_Trusts_as_Grantor_Trusts_November2020.pdf
And why did COOP filed this with the same language above in 2020 if there no assets for former equity holders when their shares were cancelled?.Because,IMO and as per proof and confirmation from WA revenue department that WMILT-WA is still active and WMILT-DE was cancelled but former equity still received some left over crumbs and continuing to WMILT-WA free and clear "UNENCUMBERED" IMO.
Proof is that Mr.Southard and Mr.Smith profiles say that they are working at Washington Mutual,Inc Liquidation Trust and WMI Liquidating Trust respectively.There are two Trusts atleast IMO.
YA must not have sent send since I didn';t get one
and you contribute nothing, try it
He gets his jolly’s from disappointing people and has a 100% success rate. Disappoints, shamelessly spins up the next load of crap. Rinse, repeat….What a guy and he’s not alone.
I really like this post!!
Thank you