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It will be nice for all involved !!!! Ill buy 1st hundred rounds
not arguing this but if this is TRUE then why have not all issues been paid in full P K H and Piers tia
Here you go, the 32 minus 8
case 08 12229 MFW
This was far to BOBVIOUS to me, hit the $ and panic and they piled on and created even more.......
After all of this time who would sell here, now at 10-20 mill shares THEN ya worry not 1.2 mill less that a third of a % of issued come on really.
Sorry but if if if ya had to sell one thing if if if ya panicked guess ya have it coming, and I still don't feel this is over drop wise
Correct that 20.7B was listed as Retained Assets. Look it up and that's why I invested.
All be over soon good job everyone
We are all shorting the last few days an getting rich
The Great Bear Raid today.....Wealth transfer at its best... MM take the price down on measley 100 shares, then scoop up stops in big blocks....trading on Wall street at its finest.... DO Not Place stops on your stock...place a sell order at 10.00 or higher ..remember, you buy the Walnut, but inside kernel is what you want that has the value.... Lodas (fortune favors the bold)
They knew the truth from day one, that's why their still here. HUGE money coming sone.
144 hedgefugees are being told to get out of there positions and can't
keep up the Pressure short till thay get the truth
Let the MM's panic here, if there was eminent catastrophic news coming this would not be at 1.1 mill vol but 10 to 30 mill, imho this is NOT INVESTMENT ADVICE but let them freak themselves out here
along with their short buddies
Sorry but wrong. That "$20.7B" was accounted for by the Debtors and was never stated as the value of the Estate. If that was so then the Debtors could have easily paid off All Creditors and Prefs with the remaining estate going to Commons. If that was ever proven to the judge we would not be where we are now. You need to understand how bankruptcy courts work. There was never any EVIDENCE of such presented to MJW.
OK, I'll bite. When did you purchase your P's and how many? I'm just curious. BTW, did you pick up any Q's and K's?
get a notice then 180
DUH that is what this said A NOTICE THEN 180 to correct it or get delisted , dont KNIT pick I am well aware of the process
I dont think we will get a notice
I hope so bob, I'll probably be buying then too.
All the best to all the longs here, was just pointing out that consecutive days are accumulating.
I said notice of intent to...
No, No
$32B - $8B = $24B of WMI's reported BK filing assets, then minus some other stuff = ~$20.7B that was sold to JPM in the 363 Sale and recorded in the Feb 2012 MOR as RE/DCR.
You need to learn more about the 363 Sale.
It didn't need to be proven, or ruled-on in court, because it was recorded as testimony.
30 days under a $ ya get a notice then 180 NOT CORRECTING THE PROB THEN A DELIST aint gonna happen here IMHO
You're entitled and I am entitled as well to say I think your WRONG!!!!!!!!!!!!!.75 cents and this turns NORTH fast
I have been over that with Real, according to SEC takes at least 9 month & 2/3 for appeal period so about a year to be delisted
26 more days under a buck and it most surely WILL HAPPEN.
Nothing to do with that. 30 consecutive trading days = notice of NASDAQ's intent to delist WMIH
Show me where in the Confirmation hearings that $20.7 Billion was presented to THJMW. When Justin tried to infer the estate was worth $30 Bil, the judge stopped him in his tracks immediately. It was never proven in court,...that's where it really mattered.
YOU CAN NOT USE or show assets in a BK CASE not in the BK DEBTORS possession!!!!!!!!!!!!!!!!!!!!!!!!!!!! you get it HOTMEAT I know
The 363 Sale ?
What are you talking about> sale of what exactly and to who?
He is talking about a delisting thing which imho AINT GONNA HAPPEN
Prefs were NEVER classified as Common holders but rather PREFERRED EQUITY, big difference. The EC negotiated the agreement and encouraged all of Equity to release. Once one signed the Release, that signified they agreed to the terms, ie 75/25. Those that seek to revise history have yet to provide one shred of proof to the contrary.
The 363 Sale
was worth $20.7 Billion, and placed in RE/DCR as High-Yield US Treasury Notes. Now RE/DCR should be worth about $30B.
The TPS 'Groups' couldn't figure this out ! EC was able too !
TPS, P, K was represented by EC for Preferred's own good.
Yes, I own Preferreds'
any Fiduciarily RESPONSIBLE BOD would've issued PR informing and calming shareholders - imo At least that is what I have witnessed during such bear raids of other stocks in the past.
At the time of confirmation they couldn't prove the Estate was worth more than a couple hundred million. It's not what the Debtor's Estate was actually worth but what they could prove in court.
So it's the BEAST (KKR, GW & T) HEDGIES...
...after all?
...and the word is out?
...I'd rather sea BEAUTY, but that will take a M&A.
...if the BEAST ~
...dilution from a renegotiated Series B conversion range?
...and the possibility of a reverse split 5-1 or 7-1?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=135029833&txt2find=beast
So last week they paid off the run off notes. What does 30 days from this event signal?
Quote..."I do not expect anything from the FDIC R, that is for the WMB BK."
There is no WMB BK, never has and never will be but rather the WMB Receivership. It is through the Receivership that Escrows and Noteholders will benefit financially. Everything originates from the FDIC-R/C finally closing the WMB Receivership and the bankruptcy to a much lesser extent, financially.
THJMW; Posit This;
What if the Debtor is worth $10 Billion.
Prefs and Commons shared the same counsel,...the EC therefore the agreement involved both. According to APR, Prefs had to be fully satisfied to the tune of $7 Billion + interest before Commons saw one cent.
The bankruptcy estate was worth nowhere close to that amount and would have resulted in Prefs gaining the whole estate. This is what would have happened had the Prefs been represented by their own counsel and not the EC.
30 consecutive days
What are you waiting for? 4 days or 26?
Four days and counting...26 more and we get the notice.
disagree all it does it make it more likely they'll end up reserve splitting this now as they indicated they would if they had to on the last earnings conference call. This has been nothing but a total disaster.
Fred,
I don't think you can buy UWBKQ.
All bets were placed years ago. You choose the United BK and not Wamu.
Good luck
JUDGE JUDY ALREADY DECIDED PARD EQUITY splits residuals 75/25 prefferd EQUITY and common EQUITY.
Safe HARBORED assets the SPE's 96 trusts serviced by DB had participation right OFF BOOK of WMI safe harbored, when all is said and done and according to COURT ORDERS nothing can come to WMIH except thru a purchase
You may know very well what is up in UWBK I mean that ,but you are lost in this one after 9 yrs of DD that has been performed here..........KKR for all intents albeit they have a lot more shares in in the same boat we're in they hold COMMON SHARES IN WMIH,escrows hold the GOLD if IF IF IF there is any GOLD left( ABS's MAB's SPE's TRUSTS) and it has to be PURCHASED BY WMIH with 3 BILL shares of common stock and 10 mill of preferd stock..........
Fat lady is warming up and I'll be her to see what song she picks
strong selling lol so where is the 7 mill or 70 mill
I know an thay
Can't get out now thay are going to feel the burn an our cash will soon flow in to all our REAL escrows
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Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
Upon completion of the merger between WMIH Corp. and Nationstar Mortgage Holdings Inc. on July 31, 2018, WMIH became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper), Xome and Champion Mortgage (Nationstar Mortgage LLC d/b/a Champion).
As of October 10, 2018, Mr. Cooper Group Inc. is the new name of WMIH Corp. On July 31, 2018, WMIH, now Mr. Cooper Group, became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper) and Xome.
As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929. WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007. As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards. The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved. WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs). As the US economy slowed down, the number of home loan defaults began to rise in quick succession. This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them. In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.
By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier. Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board. In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC. Overnight the companies banking division was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc. WITH SHAREHOLDERS INTACT
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